U.S. Market
The American sites continues rally. As a result of the auctions the index of blue chips Dow Jones Industrial Average stood at 152.20 points, or 1.6%, to 9503 points. The index of wide market SP 500 was closed by growth of 18.73 points, or 1.8%, at around 1026 points. This Federal Reserve Chairman Ben Bernanke inspired optimism in market participants.
Over the past week the index Dow Jones Industrial Average rose by 2%, the index of wide market SP 500 has grown on 2,2%.
The market reacted positively to a report on housing sales in the secondary market in the U.S., where sales surged in July, growth was 7.2% to 5.24 million homes. In principle, it is clear that the secondary market has stabilized, but in this growth, there are some interesting points: prices fell in July to 2.0%, ie sales are the background of falling prices, it is clear that a significant part of the turnover took credit at home with a good discount. Last year, home prices fell by 15.1%. More interesting was the moment that the rising sales also rose sharply and the stock of housing (number of homes for sale), which amounted to 4.1 million homes, adding 7.3%. Eventually oversupplied market is stagnant 9.4 months.
Many experts attributed the growth indexes in the United States in recent days with the upcoming expiration of options. The crowd played a fall and bought a huge amount of put option, the largest open interest was observed at strikes 980, 960 index, SP 500. So on Monday, continued rapid growth in the U.S. we should not expect. However, closing the week above the 1020 index SP 500 gives a very bullish signal on Monday. So this week we will see whether it was true or false.
Oil
Oil prices on Friday reached a ten-month peak against the background of the rally in the stock market after new data indicated the turn in the housing market.
At the end of trading on the New York Mercantile Exchange front-month October futures for light sweet crude rose 98 cents, or 1.3%, to 73.89 dollars per barrel.
According to media regulator of commodity markets on both sides of the Atlantic have announced the planned strengthening of cross-border surveillance operations with futures for energy in the framework of a coordinated international effort to tighten state control over world oil markets. These facts can not fail to exert pressure on the oil market in the near beduyuschem.
Asia
Asian stock markets are now showing growth thanks to high commodity prices, positive results of the auctions in the U.S. last week, as well as the weakening yen against the U.S. dollar.
Against this backdrop, the Japanese Nikkei rising more than 2,5%, the index of wide market Topix on 2,3%. Korean Kospi grows by 2,2%. Chinese CSI 300 INDEX growing by more than 0,5%.
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