The previous week began with the significant growth in anticipation of comments by Fed Chairman Jerome Powell regarding his views on raising interest rates.

According to the Ministry of Commerce, the sales of new single-family homes in the US fell for the second consecutive month in January, which was caused by sharp contraction in the Northeast and South of the country. Sales of new buildings fell by 7.8%, seasonally adjusted to the adjusted level of 593,000 units, the lowest level since August 2017. The sales pace in December was revised to 643,000 units from previously registered 625,000.

The next day, the US stock market experienced general decline of more than 1%. The main reason was the increase in the income of US bonds after Powell's announcement about stronger economy and the growth potential for inflation. In a prepared appeal to Congress, he said that the rate increase should continue, despite the additional stimulus from tax cuts and public spending growth. Powell spoke positively about the US economy, pointing out that it is growing at a significant pace.

On Wednesday, the decline in indices continued, as investors continued to assess the likely consequences of the Fed's interest rate hikes. Market participants expressed fears that the Fed will start raising rates at a faster pace. In addition, the pressure on the markets was due to significant drop in shares of the base materials sector and the conglomerate sector. In addition, according to the published data, economic growth in the US slowed slightly more than originally expected in the fourth quarter, as the fastest consumer spending for three years supported imports and inventories. In the last three months of 2017, gross domestic product increased by 2.5% year-on-year, rather than the previously estimated rate of 2.6%, the Ministry of Commerce reported in its second assessment.

On Thursday, Trump's statements on the introduction of tariffs of 25% on steel and 10% on aluminum from the next week were the main reason for the continuation of the fall of the American stock market.

On Friday, the major US stock indexes ended the traiding mixed. The Dow industrial index declined amid fears of a global trade war after President Donald Trump's promise to introduce import tariffs for steel and aluminum. The pressure on the index also affected the fall of McDonald's Corporation shares after lowering the target value of its shares. At the same time, the indices of Nasdaq and S & P 500 grew moderately, partly due to the positive data on the US. The final results of the studies, submitted by Thomson-Reuters and the Michigan Institute, showed that in February US consumers felt more optimistic about the economy than in January. The consumer sentiment index rose to 99.7 points compared with the final reading for January 95.7 points and the preliminary value for February 99.9 points. It was expected that the index will be 99.5 points.


Company news

20.03.2018 A week of extra-bonuses! Read more ...
08.03.2018 Congratulations on March 8! Read more ...
07.03.2018 Changing the schedule of trading sessions from March 11, 2018, due to the transition to summer time in the US. Read more ...
26.02.2018 YHOO (Yahoo Inc.) exception from line. Read more ...
22.02.2018 New economic calendar. Read more ...
Show all

Expert view

19.03.2018 New wave of crypto-criticism Read more ...
19.03.2018 Statistics to influence the stock market Read more ...
19.03.2018 New oil forecasts Read more ...
12.03.2018 Will trade war begin? Read more ...
12.03.2018 Conference CERAWeek 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, Win Pay (check


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.