Market participants expect that the fed in the situation on the labour market will postpone the interest rate hike to 2016. The index of wide market S&P 500 has increased by 1.83% to 1987,05 item index of technology companies NASDAQ — on 1,56%, to 4781,26 item.
MOSCOW, 5 Oct. U.S. stock indexes on Monday rose 1.6% to 1.8% on expectations of investors of the Fed maintaining base rates at a minimum level until the end of the year, according to AFP.
The index of wide market S&P 500 has increased by 1.83% to 1987,05 item index of technology companies NASDAQ — on 1,56%, to 4781,26 item, index DJIA — on 1,85%, to 16776,43 item.
Posted on Friday statistics on the number of jobs in the country and unemployment, which were worse than expected, reinforced the expectations of market participants that the fed in the situation on the labour market will postpone the interest rate hike to 2016. The unemployment rate in the country in September was 5.1%; the number of jobs in nonagricultural sectors of the economy grew by 142 thousand. Analysts had expected the number of jobs will increase by 200 thousand.
Restrained the growth of the indices statistics of the Institute for supply management (Institute for Supply Management, ISM) USA, who reported that the index of business activity in the U.S. services sector fell in September to 56.9% from August’s 59%. The figure was worse than the forecast of analysts, who expected decrease of up to 57.5%.
In addition, experts expect the beginning of the season financial reports the US, which, as always, will be opened by Alcoa on October 8 after the close of U.S. markets.
“Those who wanted to sell has already sold all the papers, and now the market goes up a bit,” commented Bloomberg market situation, chief investment officer at Research & Asset Management.
