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Old 25-10-2011, 07:41
effexx effexx is offline
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Default 25.10.2011

The fourth week of October:
European summit in focus

On Monday, on October, 24th, American indexes were closed with an increase. Corporate reporting and increasing oil prices have supported purchasing moods. At the same time, market growth limits the European factor. Despite some progress at the summit, regulators can't come to the consent on some questions, as for example, what share of losses will be incurred by private creditors on the Greek debt. Investors hope for a positive outcome of the second summit on Wednesday, but at the same time while some uncertainty remains, investors are careful, and we can see rather low volumes.

Following the results of the trading session the indicator of "blue chips" index Dow Jones Industrial Average has raised on 0,89 % and was closed on a level of 11913,62 points, an index of wide market S&P 500 has risen on 1,29 % to level 1254,19 points, and Nasdaq has reached on 2,35 % to a level 2699,44 points.

The price for futures for oil of mark Light has raised on $3,87 or 4,4 % to level of $91,27 for barrel. Oil reached its maximum since 3rd of August.

The price for futures for gold with delivery in December has raised on $16,20 or 1 % to value of $1652,30 for ounce. Gold has risen due to the fact that dollar is weakening towards all other reserve currencies.

Today trading session can be affected by the statistics from USA.
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