American premarket from Sergei Kostenko

The U.S. market will continue to adjusted today ...

 

The U.S. stock market closed mixed on Tuesday, as a whole by adjusting the profit in anticipation of the ECB on repurchase of debt securities of short-term problem of the euro area, as well as the release of the data about the U.S. employment, which will be published on Friday.

Largest decline has the stocks of such a companies as Facebook, United Technologies and Caterpillar Inc, which lost between 1.82% to 3.13%.

American BKX bank index closed yesterday at 47.24 (+0.11%). Stocks of companies Bank of America Co. and Goldman Sachs Group Inc rose by 0.13% and 0.65% respectively.

 

U.S. stock indexes for the previous trading day closed at: DJI-13,035.94 (-0.42%); S & P 500 - 1,404.94 (-0.12%); NASDAQ Comp. - 3,075.06 (+0.26%).

On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,401.70 (-0.31%). U.S. markets will open with a reduction.

 

Oil futures in London before opening in New York are down due to the fears that fail will take the decisive action to fight the crisis in Europe.

Oil futures of Brent Oil (ICE) day at 113.55 (-0.56%), the U.S. oil WTI (ICE) 95.02 (-0.30%). Gold futures stood at 1,691.00 (-0.29%), quotes copper at 347.30 (+0.12).

Goldmann Sachs Commodity Index XOI last session stood at 1219.36 (-0.83%).

In the foreign exchange market witnessed volatile dynamics in the context of low volumes. EURUSD GBPUSD pair are getting the support amid weak results auctions of government bonds. Obviously, this local growth is seen as the result of the principle of "the worse, the better", in other words the worse is the economic situation in Europe, the more vigorously the ECB can act.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.40 (+0.10%).

 

Prediction of the day:

Reducing expectations that the ECB on September 6 will present a plan to purchase debt securities of distressed European countries, may lead to a correction to the level of the EURUSD 1.2450. One can assume that if the amount of ransom would be small, it can have a negative impact on the euro.

 

Events today:

Moscow time

16.30 Revised data on U.S. labor productivity outside agriculture Q2 2012 n / a; 1,8% q / q and 1.6% q / q

16.30 Revised data on U.S. labor costs Q2. 2012 n / a; 1,5% q / q and 1.7% q / q

17.00 Canada Decision of the Bank of Canada Interest Rate n / a; 1,00%; 1,00%

17.00 Statement of Canada Bank of Canada interest rate

Sergei Kostenko