The beginning of the week was marked by the growth of the major US stock indices, while DJIA and S & P finished the session at record highs, helped by the rise in price of shares in the technological and energy sectors.

The main focus was on the US data. As the survey of vacancies published by the Bureau of Labor Statistics and labor turnover showed, in October the number of vacancies decreased to 5.996 million. The indicator for September was revised to 6.177 million from 6.093 million. Analysts expected the number of vacancies to decrease to 6,030 million. The vacancy level was 3.9%, decreasing by 0.1% compared to September. The number of vacancies declined in the private sector and changed a little in the government segment. In October, hiring amounted to 5.552 million against 5.32 million in September. The level of hiring increased by 0.2% to 3.8%.

The next day the growth continued. The focus of market participants was at the meeting of the Open Market Committee (FOMC) of the Fed. According to the published data producer prices in the US rose in November against the backdrop of rising gasoline prices and the cost of other goods, which led to the largest annual increase in almost six years and indicates a widespread acceleration of wholesale inflation. The Ministry of Labor stated that the producer price index for final demand increased by 0.4% last month. Economists predicted the PPI growth of 0.3% last month and the increase of 2.9% compared to the previous year.

On Wednesday, the major US stock markets finished mostly in positive territory, as the rise in the price of shares in the industrial goods sector compensated for the fall in shares of the financial sector. In addition, the focus of attention was the decision of the Fed to raise the rate by 0.25% to the range of 1.25% -1.50%. The central bank also revised up its forecasts for the growth of the US economy saying that it intends to continue raising rates if the situation in the economy develops in line with their forecasts. Fed executives expect a faster economic growth than anticipated in September. The situation on the labor market is expected to improve.

On Thursday the markets closed in the "red zone". As it became known, the initial applications for unemployment benefits in the US for the week to December 9 fell by 11,000 to 225,000. Economists predicted that the figure will be 239,000. The US Department of Commerce reported that retail sales for November adjusted for seasonal fluctuations and holidays and trading days, but not price changes, amounted to $ 492.7 billion, which is 0.8% more than in October, and 5.5% higher than November 2016. Total sales for the period from September 2017 to November 2017 grew by 5.2% compared with the same period in 2016. The change from September to October was revised from 0.2% to 0.5%.

The end of the week was marked by the growth of the major stock indexes the main reason was the increase in quotations of the healthcare sector and industrial companies, as well as the hope that the final draft of the tax reform will soon be submitted to the Congress. The total volume of industrial production increased by 0.2 percent after the revised growth of 1.2 percent in October. Economists predicted an increase of 0.3 percent. The output in the mining sector recorded an increase of 2 percent, as oil and gas production "returned to normal levels" after the impact of Hurricane Nate in October. The volume of production in the utilities sector decreased by 1.9 percent. The level of used production capacity increased to 77.1 percent in November from 77.0 percent in November.

Company news

15.01.2018 The winner of the New Year's action is determined! Read more ...
25.12.2017 Meet Crypt-Mass promo is extended. Read more ...
22.12.2017 Change of trading sessions due to Christmas and New Year holidays. Read more ...
18.12.2017 Swap changing in the line of CFD-tools for crypto-currencies. Read more ...
08.12.2017 Change of commission on CFD-instrument on Bitcoin cryptocurrency. Read more ...
Show all

Expert view

15.01.2018 The first full-length trading week Read more ...
15.01.2018 Oil to grow up Read more ...
08.01.2018 The first trading of the year Read more ...
08.01.2018 New year at the oil market Read more ...
27.12.2017 US stock market before Christmas Read more ...
Show all

Market news

Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check https://register.fca.org.uk), Win Pay (check http://win-pay.biz).

RISK WARNING STATEMENT. TO ATTENTION OF TRADERS AND INVESTORS!

Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.

 

CLIENT AGREEMENT PDF
PRIVACY POLICY PDF
RISK DISCLOSURE STATEMENT PDF
REFUND AND RETURN POLICY
AML&KYC POLICIES PDF
FRAUD VERIFICATION PROCEDURE PDF
REGULATIONS OF TRADING PDF
RESPONSIBLE ATTITUDE