We are entering December, the last month of 2013. The current week is the first working week of the new month, and therefore will be traditionally saturated with important macroeconomic statistics and events, capable to have an essential impact on the stock, commodities and currencies markets, and also will set the mood of investors for all of December. Very soon we will be able to judge whether participants of the markets will be able to see a traditional “Christmas rally" or, after this year, December will become a correctional month at stock markets.
The external background at the beginning of the week can be described as poorly negative. The trading session in the US on Friday came to an end with the indices reaching different results. The traditional season of Christmas sales started on Friday in America, which pushed prices of the American retailers considerably up. Retail sales is a key factor of the national economy of the US, as two thirds of business activity are based on consumer expenses.
Usually during the Christmas period, the trading companies receive up to 40% of annual revenue. According to data of ComScore, online sales on "Black Friday" increased by 15%, and reached a record of $1.2 billion, thus for the first 29 days of the festive season, which begun on November 1, the general Internet sales made $20.6 billion which was 3.1% higher than data of the same period of last year. It should be noted that online purchases on Thanksgiving Day, grew, in turn, by 21% to $766 million.
However, only Nasdaq managed to finish the trading day in "a green zone", which added 0.37% and finished trading day at the level of 4059.89 points. Dow Jones lost 0.07% falling down to the level of 16086.41 points, and S&P 500 lost 0.08% decreasing to 1805.81 points.
Asian platform this morning are prevailing "bear" moods. The index of the Chinese stock market Shanghai Composite decreases by 0.82% after the publication of the corrected data on business activity in the country industry. So, according to the estimates of HSBC, PMI value in November made 50.8 points, when 50.4 points were declared earlier. NBS recalculation didn't bring any unpleasant surprises. The indicator remained at the level of 51.4 points. Also, Korean KOSPI decreases on Monday by 0.6%, and the Hong Kong Hang Seng manages to grow up 0.54%.
In the commodities market, Oil is more or less on the levels reached last week. Brent bargains at the level of $109.68 for barrel adding in price 0.31%, Light is up by 0.47%, at the level of 93.45$ per barrel. Gold and Silver are losing their value in price. Gold is down for 0.32% at the level of 1246.35$ per troy ounce, and Silver is decreasing by 0.89% at the price of 19.86$ per troy ounce.