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The dynamics of Monday trading was affected by the situation in Saudi Arabia.

After the attack on the kingdom’s deposits, oil quotations rose sharply and immediately became the cause of concern about the slowdown in global economic growth. Higher oil prices can lead to higher fuel prices, which will put additional pressure on the global economy, which has already faced slowdown in growth in the manufacturing sector. However, the jump in oil prices pushed up the shares of energy companies. US President Trump wrote on Twitter that in order to stabilize the situation on the oil market, he “authorized the release of oil from the strategic oil reserve, if necessary, in an amount sufficient to keep the markets well-stocked.” Yemeni rebels claimed responsibility for the strike on Saudi targets, but US Secretary of State Pompeo said Iran was responsible for the attack.

On Tuesday, the market showed slight positive trend, investors mainly refrained from active actions, pending the announcement of the final meeting of the Fed. The energy sector was under pressure due to falling oil prices. Country statistics showed that US industrial production recovered in August, which somewhat eased the concerns about slowdown in economic growth caused by weak production. According to the Fed, industrial production grew by 0.6%. This was the largest increase since August 2018, followed by a 0.1% drop in July. In annual terms, industrial production grew by 0.4%. Favorable data also came from the real estate market. The National Association of Home Builders said the housing market index rose in September to 68 points from a revised August value of 67 points. The index was expected to remain unchanged from the initial August estimate of 66. As a result, the index peaked since October 2018.

On Wednesday, the dynamics of trading was mostly positive. As a result of the Fed meeting, interest rates were reduced in order to protect the US economy from the global economic downturn. The Fed announced the possibility of further reductions in rates, but there was no unanimity among the leaders about the correctness of the decision made on Wednesday and the prospects for easing the policy (7 out of 10 leaders voted to reduce rates). The Fed management said it would "ponder the further trajectory" of rates, "continuing to track incoming information and analyzing its significance for the prospects of the economy."

On Thursday, major US stock indexes ended the session in different directions. Microsoft shares (MSFT) rose 1.63% after reports that the company's board of directors decided to increase quarterly dividends by 11% to $ 0.51 / share, and also approved a new $ 40 billion share buyback program. Investors also analyzed macroeconomic data for the United States. Thus, the report of the Department of Labor showed that the number of initial applications for unemployment benefits in the United States grew less than expected and remained at historically low levels, which suggests that the labor market remains stable. According to the report, the number of applications for unemployment benefits rose by 2,000 to 208,000 for the week ending September 14. Economists predicted that the number of applications for benefits will increase to 213,000. At the same time, the National Association of Realtors (NAR) said home sales in the secondary market rose 1.3% in August, to annualized 5.49 million units, after increasing by 2.5%, to 5.42 million units in July. Economists expected a decrease in sales in the secondary housing market to 5.37 million.

The week ended with noticeable decline due to the concern of market participants about a possible breakdown of negotiations between the US and China. Meanwhile, investors responded positively to the steps taken to stimulate the economy by central banks. The People’s Bank of China has become the third central bank to cut interest rates over the past few days, which gives hope that major central banks are ready to take action to moderate the impact of the protracted Sino-US trade war on global growth.

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