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  • Market News
  • 05 November 2013 :: Markets Move Depending On Published Statistical Data
05 November 2013

Markets Move Depending On Published Statistical Data

By Kristina Leonova: Chief Analyst in the Investment Research Department

Yesterday, we did not see any essential changes in foreign stock markets. The American platforms on Monday were trading with volumes which were lower than average. Dow Jones increased by 0.15%, S&P 500 grew by 0.36%, and Nasdaq Composite added 0.38%. Supp
Yesterday, we did not see any essential changes in foreign stock markets. The American platforms on Monday were trading with volumes which were lower than average. Dow Jones increased by 0.15%, S&P 500 grew by 0.36%, and Nasdaq Composite added 0.38%. Support to the markets was given by R. Fisher's speech, where he negatively expressed his attitude towards political disagreements between republicans and democrats that led to the termination of financing of the budgetary establishments.

In the meantime, Asian platforms bargain in different directions.The Australian ASX200 is doing better than the others, which adds about 0.8%, supported by the news that Reserve Bank of Australia kept the interest rate at the current level of 2.5%. Chinese Shanghai Composite decreases by 0.4%. In the morning data was published on the index of business activity in the services sector according to the HSBC version, which in October grew to 52.6 points. The Japanese market, after a national holiday on Monday, shows sluggish movement, increasing by 0.1% in relation to closing levels on Friday.

It can be assumed that the trading session in the European stock platforms is going to pass rather quietly, due to the fact that there is not a lot of statistical data to be published today. Data of economic moods of the countries of the Eurozone yesterday showed traditionally good results. As it had been expected, the PMI index in the production sector for the region made 51.3 points, having confirmed an initial assessment. The indicator of economic moods of Sentix in November continued growth from 6 to 9 points, reflecting growth of business activity.

As to the important statistical data, today data will be published on the PMI index of Great Britain in the services sector and the Producer Price Index for the Eurozone, which shows a decrease in rates of growth since the end of 2011. In the evening there is also data being published on numbers of ISM Services PMI in the USA. Indexes for the non-productive sphere, most likely, will confirm today the high level of optimism reached within a year.
About the author
Kristina Leonova
Kristina Leonova
Chief Analyst in the Investment Research Department

Kristina Leonova is an up and coming market specialist - currently in the process of obtaining The Chartered Financial Analyst Degree in CFA Institute.

She began her career at Liteforex (ex. Mayzus) at only 20 years old, holding the position of the Assistant of the Chief Financial Officer.

She has since become invaluable to the Company, holding the position of Chief Analyst in the Investment Research Department, and now is also responsible for our world renowned market reviews.

She has a keen eye and a good gut instinct when it comes to analyzing the markets, always staying at the top of her game, with her work often being published on other websites and news vendors.

Mayzus is excited to welcome her as our new, top financial analyst.

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