Thursday, November 17, 2016

Equity world : Wall Street Mixed Dow Jones Retreat After 7 days Positive

Equity world-Stocks closed mixed at the end of trading on Thursday morning (17/11), with positive expectations of economic policy US President-elect Donald Trump offset the bearish sentiment decline in crude oil and financial sectors.

The Dow Jones Industrial Average ended about 55 points lower after a seven-day winning streak, with shares of Goldman Sachs contributed the most in the loss.

The S & P 500 is down about 0.15 percent, the highest decline in the financial sector.

The Nasdaq index rose about one percent after opening lower.

The three major US stock indexes have surged more than 2 percent entering Wednesday's trading since the Republican candidate Donald Trump beat favorite Hillary Clinton to win the US presidential election, lifted by the prospect of economic policy that is more oriented to the growth of the elected President Trump, including infrastructure spending higher and the deregulation of the financial sector.

In the oil markets, US crude oil futures rotates between gains and losses before closing 24 cents lower at $ 45.57 a barrel after comments from Russia's energy minister while investors digested data crude oil inventories of crude increased bearish sentiment.

Treasury yields, along with the US dollar, has also soared since 8 November On Wednesday, however, 10-year yields traded near the flat line, 2.226 percent.

The US dollar traded higher against a basket of currencies, with the euro near $ 1.068 and approximately 109.1 yen.

Interest rates and the US dollar has also received a boost from the possibility of tighter monetary policy from the Federal Reserve.

According FedWatch tool CME Group, market expectations for a rate hike in December more than 90 percent. Earlier on Wednesday, St. Louis Fed President James Bullard said he would be surprised if the central bank did not raise interest rates next month.

In economic news, the US producer price index came in unchanged in October, compared to the expected increase of 0.3 percent. Industrial production for October was also unchanged.

Meanwhile, mortgage applications fell 9 percent amid a sharp rise in interest rates. Another report released Wednesday included an index of Home Builders / Wells Fargo Housing Market, which showed sentiment remains stable.

The Dow Jones Industrial Average fell 54.92 points, or 0.29 percent, to close at 18,868.14, the highest drop in JPMorgan Chase and Apple shares rose the highest.

Read : Equity world : Falling Gold Prices Depressed Strengthening US Dollar

The S & P 500 slipped 3.45 points, or 0.16 percent, to end at 2,176.94, with financials leading the eight sectors lower and the information technology sector rose the highest.

The Nasdaq index rose 18.96 points, or 0.36 percent, to close at 5,294.58.

Tonight will be released in October US inflation data indicated stable. If realized, it will strengthen Wall Street.

Analyst Equity Research Center estimates that Wall Street would be a positive move if teralisir positive inflation data. But will also look at crude oil price movements.


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