Friday, October 14, 2016

Wall Street in the red – obi.no – Hegnar Online

The u.s. stock exchanges ended down on Thursday.

the Dow Jones dropped 0.25 percent to the 18.098,94, the Nasdaq 0,49 percent to 5.213,33, while the broader S&P 500 index went back to 0.31 per cent to 2.132,55.

the Dow Jones appeared under the 18.000, and was in the course of the day at its lowest since 7. July, but retrieved this in towards the end.

About three stocks fell for every stock that rose on the NYSE, where more than 859 million shares were traded.

Fryktindeksen” VIX (CBOE) was trading up 3.7 per cent to nearly 16,5.

Gold for December delivery was traded for 1.257,60 dollars per ounce, up 3,80 dollars.

the Dollar fell 0.4 per cent against a basket of currencies, with the EURUSD closer to 1,105 and USDJPY around 103,6.

China worries

The relatively labre mood hangs together with the current iceland, switzerland from China, where exports fell the full ten percent (on an annualized basis) in september. This has triggered renewed concern for the health in the world’s second-largest economy.

The u.s. central bank released yesterday the minutes from the rentemøtet in september. The minutes gave no clear signals, but indicated that the interest rate be set up in December.

Three members of the rentekomitéen (Federal Open Market Committee) voted to raise interest rates at the september meeting, while seven voted to keep it unchanged. The wording was a little cautious, but the committee seemed to agree that the arguments for a renteheving is strengthened.

Still some slack in the labour market and an inflation which is constantly located below the target (of 2 percent) did the majority landed on the no change at this time.

Weak global trade should not be a surprise to some, but today’s numbers tell the story with big letters. Chinese macro has come in the background in the past, but this should emphasize the medioker condition of the world’s economic activity is in, writes chief analyst Peter Boockvar of The Lindsey Group in a note, according to CNBC.

- Paves the way for the Fed

On makrofronten in the united STATES got the investors served joyful jobbtall and a lower rise than expected in import prices.

- The interesting thing with jobless claims figures is that they look more forward than the monthly arbeidsmarkedsrapporten. It tells us that the labour market is very healthy. I also think they paves the way for a rate hike from the Fed, and it makes the market a little nervous, ” says Charles Schwab-director Randy Frederick to CNBC.

the Current numbers from the american Swedish energy authorities (EIA) showed Thursday a higher lagerbygging than expected in crude oil, but at the same time a larger lagertrekk than expected for gasoline.

WTI oil rose 0.5 percent to 50,44 dollars a barrel on the råvarebørsen in New York.

Finance weighed down

“Big Oil” then on the other hand red. ExxonMobil fell 0.7 per cent to 86,56 dollars, while Chevron fell 1.3 percent to 100,79 dollars.

Storbankene on Wall Street to produce quarterly figures for the next few days, and both Citigroup, JP Morgan and Wells Fargo shall be in the fire Friday.

the Whole trio had to endure kursfall. Citigroup fell 0.5 per cent to 48,47 dollars, JP Morgan 0.6 per cent to 67,74 dollars, while Wells Fargo went back 1.3 per cent to 44,75 dollars.

the Latter announced the addition on Wednesday afternoon (local time) chief John Stumpf goes off on the day after the so-called cross-selling scandal.

Goldman Sachs was one of the heavier Dow components, after a fall of 1.1 per cent to 167,42 dollars. Wal-Mart was one of the lyspunktene with an increase of 1.1 per cent to the 68,23 dollars.

Finance was the weakest of the sub-indices of the S&P 500, while nyttesektoren pulled up.

Apple fell 0.3 per cent to 116,98 dollars.

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