Markets Uncertain Where To Move

On Friday, on the US stock market, we observed movement which was almost completely opposite of the movement we saw on Thursday. The majority of liquid papers were growing, and the favourites were hi-tech companies. Dow Jones increased by 1.08% and reached the level of 15761.78 points. Nasdaq added in price 1.60%, and finished the trading session on the level of 3919.23 points, and S&P 500 added 1.34% and reached the level of 1770.61 points.

At the beginning of the trading day, the markets reacted with a downward movement because of the long awaited data published on the labor market, which showed significant growth in the last month. The number of new workplaces in the non-agricultural sector for October jumped up at once to 204 thousand, whilst the average forecast of the market assumed growth only on 126 thousand. Values in the last two months were reconsidered towards the increase in total on 60 000. Unemployment rate was recorded on a level of 7.3% against consensus forecast at the level of 7.4%. Even these statistics managed to push indices down, although during the day officials from the Fed managed to calm them by giving promising speeches.

The morning trading session in Asia is not showing the same positive dynamics, the majority of local indices bargain in a minus, only the Japanese Nikkei adding more than 1% because strong data has been published on the account of the current operations of the country, which for the first time in four months showed surplus. It should be noted that there was a small decrease in the Chinese Shanghai Composite Index against, as a whole, quite good weekend data on industrial production - +10.3% against the forecast of 10%, and to retails - +13.3% against the forecast of 13.4%. It seems that investors stiffened waiting for results of the 18th congress of the Communist Party of the People's Republic of China, and didn't react to macroeconomic data.

The situation in the commodity markets is still quite weak. Brent and WTI are traded on a level of 105.32$ and 95.17$ per barrel accordingly, adding in price around 0.2%. Gold is below the level of 1300.00$ and is traded this morning on a price of 1286.22$, adding in price 0.13%. Silver is up by 0.33% on a price of 21.38$ per troy ounce.