U.S. stock indexes rose on Wednesday on the positive statistics on the productive sector and the housing market, reports Bloomberg. Futures on the indexes in the United States desheveyut Thursday, 8:28 to reduce their quotes an average of 0.2%.
index of business activity in the manufacturing sector, the U.S. (ISM Manufacturing) in June rose to 44.8 points - the highest level since August last year, compared with a 42.8 point a month earlier.
index value of 50 points or less said about the deterioration of business activity in the manufacturing sector. Thus, the slowdown in June was a minimum of 10 months.
In addition, the National Association of realtors showed that the index of outstanding transactions on the American market of secondary housing (pending home sales) increased in May, the fourth month in succession.
The market considers the published data, as leading indicators, - said Governor of Thrivent Asset Management, Michael Binger. - If we see signs that the decline in these areas has reached its bottom, and there is a chance for a resumption of growth, it is positive for the stock market .
Cost Kraft Foods shares jumped 5% - to $ 26.61. American food manufacturer announced the intention to expand its production in Russia.
Papers Yum! Brands, owns the network of restaurants and Taco Bell KFC, went up by 5% - to $ 35.02. Analysts Goldman Sachs upgraded the recommendation for the company's shares to buy from neutral, noting the expectation of improving business in China and the United States.
price of securities of another manufacturer of food products - General Mills - jumped to 3.9% - to $ 58.18. The company raised the profit forecast for 2010, noting the slowdown in spending on the components of its products. In the fourth fiscal quarter earnings at General Mills rose 94%.
cost of Freeport-McMoRan shares rose on Wednesday to 0.9% - to $ 50.57 on the background of growth in prices of copper.
gold went up to the outcome of tenders to the maximum value for the week - 1.2% - to $ 938.8 per ounce against a background of weakening U.S. dollar. Oil dropped in price after the release of larger-than-expected increase in stocks of gasoline in the United States last week.
Index Dow Jones Industrial Average rose to a closing of the market on Wednesday at 57.06 points (0.68%) - up to 8504.06.
Standard Poor s 500 rose 4.01 points (0.44%), reaching 923.33.
Nasdaq Composite index rose by 10.68 points (0.58%) - to 1845,72.
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Today the Russian market is expected to decrease in quotations of securities
Of Perforation of 91 000 could lead to a drop in futures on the RTS index by 10-15%
Solid news background may support the Russian stock market a local burst of optimism
Given that U.S. markets will be closed tomorrow, the importance of the outcome of today's trading session on MICEX is difficult to overestimate
To confirm disruption downward trend MICEX index would need to gain a higher mark in 1015 items
The external background will not allow bulls to continue yesterday's rise, probably attempted to return the MICEX index in descending channel