A summary of the day's events such as
the Asian session: improved European and U.S. equities today along with the
recovery of commodity
Preparing financial markets for the reception of the Asian session with an open mind after days was doing some positive, but this does not negate the fact weakening U.S. economy and the continued uncertainty control European Sky despite the fact that Spain disclose its budget for the year 2013 and their willingness to establish an independent body to monitor government spending.
And review of the most important events and data that we have seen in this day record, Bmcunnina start in the United States, which foiled investors in general and published panic them to wonder whether the stimulus program quantitative Third Bank U.S. Federal enough to support the economy, which is facing many difficulties and challenges that are in large labor sector and the housing sector.
Dawn of the U.S. economy Thursday unpleasant surprise markets by announcing the third reading of the GDP and for the second quarter, growing U.S. economy during the second quarter by 1.3 percent only, compared with the previous reading, which amounted to 1.7 percent, and lower than expectations, which amounted to 1.7% .
Where he managed the economy from growth of 1.3% during the second quarter of this year as we have said, while adjusted Commerce Department read personal spending to 1.5%, compared with the previous and projected at 1.7%, while proved the third reading of the GDP at current prices for the quarter second at levels of 1.6%, compared with the previous reading, which amounted to 1.6%, and the conformity with expectations.
As for the matter of Europe, after a long wait and hope for the budget Spanish in 2013, the government and parliament today to approve this budget, which still worries big for the hearts of investors who overwhelmed them uncertainty in the previous period prior announcement this budget, especially amid widespread protests taking place Spanish streets rejection of this budget.
Parliament approved the Spanish eventually on the state budget for 2013, after waiting for the global financial markets eagerly for the parliament's decision Alospaina toward those of the budget that includes plans austerity has resulted in Thousands of people demonstrated in the streets Spanish protest it, this will be revealed details on Friday with detection solvency test results for Spanish banks.
It is worth mentioning that the Deputy Prime Minister of Spain has pointed to the fact that the overall budget for the coming year include the reduction about 12% of government spending, it also includes a wage freeze in the public sector for the third year in a row, otherwise the Spanish parliament passed also create a new body independent of the order interest in the financial affairs of the government and control of funds carefully, knowing that pensions will be increased by about 3 billion euros from the reserve.
Then came the announcement of the Spanish budget to save financial markets from the confidence of others encouraging data finally issued by the euro zone, which showed a continued decline in the levels of confidence in the region amid fear of investors and consumers due to the continuity of worsening sovereign debt crisis and the weakness of the economy in general.
Business climate index in the euro area during September to record the level of -1.34 for the worst of expectations comes to the value of -1.20, as the index of confidence in the economy in the same period to score 85.0 from 86.1 the previous reading and expectations.
And did not change the final reading of consumer confidence in September / expectations and preliminary reading went down to keep the value of -25.9 and was worse than the previous month's reading of the value of -24.6. Confidence in the industry fell to -16.1 from -15.4 to the revised previous reading while a worse-than-expected value of -15.0, while confidence in services fell to -12.0 from -10.8 the previous reading.
In general, it is not strange to see declining levels of confidence in the euro zone, especially in light of the uncertainty and lack of clarity as to how to find a radical solution to the sovereign debt crisis in the region, and although the European Central Bank to announce purchase program sovereign bonds to reduce the cost of borrowing for countries with financial distress in the region but it was not enough to reassure the markets and boost the confidence level.
This has European stocks managed to end the day session within the areas of green amid improved sentiment in financial markets more probability of easing by the Chinese central bank, which may follow this plan other major central banks such as the U.S. Federal, Central European and Japanese central, Add to that approval Spanish Parliament on the budget for 2013 and the factors that we have mentioned.
The benchmark index for European markets the STOXX 600 ended higher to 271.65 by 0.34%, and whereas the euro zone benchmark index STOXX 50 ended up by 0.24% to close at 2552.30 points, in addition to all equity indices main achieved Mkaspa a good day After losses at the start of the European session.
This was for this data a significant positive impact on U.S. stocks ignored bad U.S. data that showed a slower pace of growth in the world's largest economy, U.S. stocks to interact with the developments that have taken place in Europe, marking the yet Mkaspa.
Trading as U.S. stocks such as closed in the green areas, Vmacher Dow Jones rises so far by 0.66% as of at 15:42 New York time and surpassed the S & P 500 rose 1.03% as of time 15:28 New York time. Nasdaq rises 1.47%.
It is expected to open Asian equity indices its shortly after the positive and clear coming from Europe as noted, and from China mainly amid speculation that the more stimulation and facilitation of its economy, which will help stock indices to achieve profits in today's session complementing its whole episode after high European and U.S. stocks.
As we have seen improvement in commodity markets, especially gold, which is the best safe haven in the market, which benefited and crude oil counterpart after the significant decline in the price of the U.S. dollar against a basket of foreign currencies after the bad performance of the economy and the power that won both the euro and the pound after European developments and improved performance of the UK economy slightly.
Ascended crude oil today from the opening level at 90.11 dollars a barrel to achieve the highest levels so far at 92.37 dollars a barrel and that after he had arrived minimum levels the day at 89.87 dollars a barrel, and as is the case for gold, which rose from the opening level at 1753.28 dollars an ounce to reach its highest level so far at $ 1779.92 an ounce and that, having achieved the lowest levels of the day at $ 1751.01 an ounce.
Preparing financial markets for the reception of the Asian session with an open mind after days was doing some positive, but this does not negate the fact weakening U.S. economy and the continued uncertainty control European Sky despite the fact that Spain disclose its budget for the year 2013 and their willingness to establish an independent body to monitor government spending.
And review of the most important events and data that we have seen in this day record, Bmcunnina start in the United States, which foiled investors in general and published panic them to wonder whether the stimulus program quantitative Third Bank U.S. Federal enough to support the economy, which is facing many difficulties and challenges that are in large labor sector and the housing sector.
Dawn of the U.S. economy Thursday unpleasant surprise markets by announcing the third reading of the GDP and for the second quarter, growing U.S. economy during the second quarter by 1.3 percent only, compared with the previous reading, which amounted to 1.7 percent, and lower than expectations, which amounted to 1.7% .
Where he managed the economy from growth of 1.3% during the second quarter of this year as we have said, while adjusted Commerce Department read personal spending to 1.5%, compared with the previous and projected at 1.7%, while proved the third reading of the GDP at current prices for the quarter second at levels of 1.6%, compared with the previous reading, which amounted to 1.6%, and the conformity with expectations.
As for the matter of Europe, after a long wait and hope for the budget Spanish in 2013, the government and parliament today to approve this budget, which still worries big for the hearts of investors who overwhelmed them uncertainty in the previous period prior announcement this budget, especially amid widespread protests taking place Spanish streets rejection of this budget.
Parliament approved the Spanish eventually on the state budget for 2013, after waiting for the global financial markets eagerly for the parliament's decision Alospaina toward those of the budget that includes plans austerity has resulted in Thousands of people demonstrated in the streets Spanish protest it, this will be revealed details on Friday with detection solvency test results for Spanish banks.
It is worth mentioning that the Deputy Prime Minister of Spain has pointed to the fact that the overall budget for the coming year include the reduction about 12% of government spending, it also includes a wage freeze in the public sector for the third year in a row, otherwise the Spanish parliament passed also create a new body independent of the order interest in the financial affairs of the government and control of funds carefully, knowing that pensions will be increased by about 3 billion euros from the reserve.
Then came the announcement of the Spanish budget to save financial markets from the confidence of others encouraging data finally issued by the euro zone, which showed a continued decline in the levels of confidence in the region amid fear of investors and consumers due to the continuity of worsening sovereign debt crisis and the weakness of the economy in general.
Business climate index in the euro area during September to record the level of -1.34 for the worst of expectations comes to the value of -1.20, as the index of confidence in the economy in the same period to score 85.0 from 86.1 the previous reading and expectations.
And did not change the final reading of consumer confidence in September / expectations and preliminary reading went down to keep the value of -25.9 and was worse than the previous month's reading of the value of -24.6. Confidence in the industry fell to -16.1 from -15.4 to the revised previous reading while a worse-than-expected value of -15.0, while confidence in services fell to -12.0 from -10.8 the previous reading.
In general, it is not strange to see declining levels of confidence in the euro zone, especially in light of the uncertainty and lack of clarity as to how to find a radical solution to the sovereign debt crisis in the region, and although the European Central Bank to announce purchase program sovereign bonds to reduce the cost of borrowing for countries with financial distress in the region but it was not enough to reassure the markets and boost the confidence level.
This has European stocks managed to end the day session within the areas of green amid improved sentiment in financial markets more probability of easing by the Chinese central bank, which may follow this plan other major central banks such as the U.S. Federal, Central European and Japanese central, Add to that approval Spanish Parliament on the budget for 2013 and the factors that we have mentioned.
The benchmark index for European markets the STOXX 600 ended higher to 271.65 by 0.34%, and whereas the euro zone benchmark index STOXX 50 ended up by 0.24% to close at 2552.30 points, in addition to all equity indices main achieved Mkaspa a good day After losses at the start of the European session.
This was for this data a significant positive impact on U.S. stocks ignored bad U.S. data that showed a slower pace of growth in the world's largest economy, U.S. stocks to interact with the developments that have taken place in Europe, marking the yet Mkaspa.
Trading as U.S. stocks such as closed in the green areas, Vmacher Dow Jones rises so far by 0.66% as of at 15:42 New York time and surpassed the S & P 500 rose 1.03% as of time 15:28 New York time. Nasdaq rises 1.47%.
It is expected to open Asian equity indices its shortly after the positive and clear coming from Europe as noted, and from China mainly amid speculation that the more stimulation and facilitation of its economy, which will help stock indices to achieve profits in today's session complementing its whole episode after high European and U.S. stocks.
As we have seen improvement in commodity markets, especially gold, which is the best safe haven in the market, which benefited and crude oil counterpart after the significant decline in the price of the U.S. dollar against a basket of foreign currencies after the bad performance of the economy and the power that won both the euro and the pound after European developments and improved performance of the UK economy slightly.
Ascended crude oil today from the opening level at 90.11 dollars a barrel to achieve the highest levels so far at 92.37 dollars a barrel and that after he had arrived minimum levels the day at 89.87 dollars a barrel, and as is the case for gold, which rose from the opening level at 1753.28 dollars an ounce to reach its highest level so far at $ 1779.92 an ounce and that, having achieved the lowest levels of the day at $ 1751.01 an ounce.
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