Novosti i prognoe: tržište kapitala od 12-12-2017

The main US stock indexes mostly rose on Tuesday. The focus of market participants is the meeting of the Open Market Committee (FOMC) of the Fed, which begins today, and its results will be announced tomorrow.

In addition, as it became known today, producer prices in the US rose in November against the backdrop of rising gasoline prices and the cost of other goods, which led to the largest annual increase in almost six years and indicates a widespread acceleration of wholesale inflation. The Ministry of Labor on Tuesday said that the producer price index for final demand increased by 0.4% last month. The PPI increased with the same margin for three consecutive months. For the 12 months to November, the PPI rose 3.1%. This was the biggest increase since January 2012 and followed the growth of 2.8% in October. Economists predicted a PPI growth of 0.3% last month and an increase of 2.9% compared to the previous year.

Oil lost previously earned positions, and moved to negative territory, which was caused by partial profit-taking, and strengthening of the US dollar. In addition, investors assess the consequences of the suspension of the work of the key oil pipeline in Britain. The night before, Ineos reported that the Forties pipeline will be closed for "a few weeks" due to the increase in the crack that arose last week. About 445,000 barrels of oil per day are delivered via this pipeline, which corresponds to approximately 40% of the total number of North Sea oil producing capacities in Britain.

Most components of the DOW index finished trading in positive territory (16 out of 30). The leader of growth was the shares of The Goldman Sachs Group, Inc. (GS, + 3.05%). Outsider were shares of 3M Company (MMM, -1.33%).

Most sectors of the S & P index recorded an increase. The financial sector grew most (+ 0.7%). The utilities sector showed the greatest decrease (-1.4%).

At closing:

DJIA + 0.49% 24,504.80 +118.77

Nasdaq -0.19% 6,862.32 -12.76

S & P + 0.15% 2,664.11 +4.12

U.S. stock-index futures were flat on Tuesday ahead of a two-day meeting of the Federal Reserve that is widely expected to raise the fed funds target range by 25 basis points.

Global Stocks:

Nikkei 22,866.17 -72.56 -0.32%

Hang Seng 28,793.88 -171.41 -0.59%

Shanghai 3,281.01 -41.19 -1.24%

S&P/ASX 6,013.20 +14.90 +0.25%

FTSE 7,474.34 +20.86 +0.28%

CAC 5,414.46 +27.63 +0.51%

DAX 13,147.72 +24.07 +0.18%

Crude $58.35 (+0.62%)

Gold $1,240.30 (-0.27%)

(company / ticker / price / change ($/%) / volume)

Exxon Mobil (XOM) initiated with a Neutral at Credit Suisse

Chevron Corp. (CVX) initiated with a Neutral at Credit Suisse

Verizon (VZ) upgraded to Buy at Nomura

European stocks closed slightly lower Monday, pulling back from a one-month high as technology stocks sagged. But U.K. stocks bucked that trend as continued pressure on the pound helped the British blue-chip index outperform its regional rivals.

U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials closing at records on the back of a rally in telecommunications and technology shares. Wall Street shrugged off news of a terrorism incident in the heart of New York City earlier in the session, which resulted in no fatalities. Investors mostly looked ahead to the Federal Reserve's two-day monetary-policy meeting, which is slated to conclude Wednesday.

Most Asian equities fell as traders await U.S. and European central bank meetings this week for further clues on the 2018 policy outlook. The dollar was steady and oil extended gains around $58 a barrel. Benchmarks in Tokyo sat on recent gains, while Hong Kong and Chinese shares slipped, after U.S. stock indexes hit fresh highs overnight.