American premarket from Sergei Kostenko

 

Market will continue to consolidate before the Fed meeting

 

The U.S. stock market was closed on Monday in the red zone, continuing to fall on profit-taking before Fed’s decision on monetary policy. Despite the fact that of the low probability of statistics from the U.S. QE 3 significantly increased, investors are hesitant to risk by buying risky assets.

American BKX bank index closed yesterday at 48.89 (-0.77%). Shares of companies JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Co. fell from 1.37% to 2.50%.

 

U.S. stock indexes for the previous trading day to close at: DJI-13,254.29 (-0.39%); S & P 500 - 1,429.08 (-0.61%); NASDAQ Comp. - 3,104.02 (-1.03%).

On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,429.50 (+0.22%). U.S. Markets open in positive territory.

 

Oil futures before opening in New York in the hope of growing new stimulus from the Fed.

Crude futures mark Brent Oil (ICE) day at 114.95 (+0.12%), U.S. crude oil WTI (ICE) 96.54 (+0.01%). Gold futures stood at 1,733.60 (+0.10%), quotes copper at 368.65 (-0.05%).

Goldmann Sachs Commodity Index XOI last session stood at 1250.95 (-0.75%).

In the currency market continues to consolidate small pending the outcome of the Fed meeting.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.18 (-0.20%).

 

Prediction of the day:

If at the Fed meeting will be decided on the new incentives, it will undoubtedly have a negative pressure on the U.S. dollar.

 

Events today:

Moscow time

16.15 Canada Construction August n / a; 206,000; 209,000

16.30 Canada trade balance in July n / a; -1,5 billion kan.doll; -1.8 billion

16:30 U.S. July trade balance n / a; -44,2 billion; -42.9 billion.

18.00 U.S. economic optimism index IBD / TIPP September n / a; 47,3; 45,6

21.15 Great Presentations by the Monetary Policy Committee of the Bank of England Miles

 

Sergei Kostenko