American premarket from Sergei Kostenko

 

Wall Street finished a successful quarter

 

The American stock market closed on Friday with a reduction but finished the 2nd quater positively .The decision to actively support the global monetary liquidity contributed to the growth of the Central Bank is the U.S. market, as investors in the global financial crisis, chose to park in the U.S. financial assets.

American BKX bank index closed yesterday at 49.58 (-0.36%). Among banking stocks were the largest decline of paper of Citigroup Inc., Goldman Sachs Group Inc. and Bank of America Co. which fell from 0.76% to 1.56%.

 

U.S. stock indexes for the previous trading day to close at: DJI-13,437.13 (-0.36%); S & P 500 - 1,440.67 (-0.45%); NASDAQ Comp. - 3,116.23 (-0.65%)

On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,439.80 (+0.39%). U.S. markets will open with a slight increase.

 

Oil futures before the opening in New York continue to decline amid expectations of a prolonged global recession and the lack of real incentives for local growth.

Crude futures mark Brent Oil (ICE) day at 111.71 (-0.61%), the U.S. crude oil WTI (ICE) 91.71 (-0.52%). Gold futures stood at 1,770.90 (-0.17%), quotes copper at 374.50 (-0.35).

Goldmann Sachs Commodity Index XOI last session stood at 1258.11 (-0.69%).

 

In the currency market, the dollar remains under pressure against the good data from Europe index procurement, which rose to 47.4 points from 44.7 points in Germany to 46.1 points from 45.1 points in the euro area. It seems the weakening dollar has more to do with the adjustment of investors' positions to Bernanke and the publication of statistics from the U.S..

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.86 (-0.21%).

   

Prediction of the day:

We should pay attention to the statistics from the U.S., as well as the speech of Bernanke. Very much will depend on it. The positive results of the first month of the new incentives can support markets and gave some pressure on the U.S. dollar.

 

Events today:

Moscow time

16.30 Canada price index for natural resources to manufacturers in August n / a; 1,4% m / m and 0.9% m / m

16.30 Canada price index for manufactured goods in August n / a; 0,1% m / m, -0.5% m / m

17.00 U.S. Final data on the index of business activity in the industry in September n / a; 51,5; 51,5

18.00 U.S. index of business activity in the manufacturing sector from September ISM n / a; 49,8; 49,6

18.00 U.S. Expenditures for construction in August n / a; 0,6% m / m, -0.9% m / m

18.00 U.S. producer price index from September ISM n / a; 55,6; 54,0

20.00 U.S. President's speech FRB San Francisco J. Williams

20.30 Address by U.S. Federal Reserve Chairman Ben Bernanke.

 

Sergei Kostenko