Fresh economic data and higher oil prices helped calm down the uncertainty on Wall Street Friday.
A turbulent week which started with large falls, thus ending the rally over the week.
Dow Jones rose during the week 1.11 percent, while the S & amp; P 500 was up about one percent. At the most indexes down respectively. 6.62 and 5.27 percent during the week. Dow Jones had thus its largest weekly gathering since October 1987.
Nasdaq rose on its side 2.6 percent over the week, and thus came back from a drop of 8.79 percent. They are the largest collection index has done ever.
Yesterday ended Dow jion down 0.07 percent to 16,643.01, while the S & amp; P 500 rose 0.06 percent. Nasdaq got a rally of 0.32 percent.
– I think everyone is a little worn out after this week. I think everyone is going to go home early, and that week thus ends pretty quiet, said Mark Heppenstall Penn Mutual Asset Management to CNBC yesterday.
Oil Skip
Oil prices jumped Friday. Brent oil was finally up 4.98 percent to $ 49.93 a barrel.
In the US WTI up 6.25 percent to $ 45.22 a barrel.
– A short-coverage rally, led by crude oil, lifted commodities across the board. Better GDP than expected figures in the US were the main sparkle, even if force majeure on Shell’s exports from Nigeria enhanced recovery, writes ANZ Reuters in a note Friday.
Off macroeconomic figures ended private incomes in USA up 0.4 percent on a monthly basis in July, which according to Reuters was as expected.
Private consumption rose 0.3 percent, versus an expected increase of 0.4 percent.
Final figures from the US showed that the University of Michigan consumer confidence index was 91.9 in August, against a preliminary index of 92.9.
According to Reuters were expecting an index 93.0.
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