More expensive US shares with cheaper crude oil
On the last for this week's stock shares in the U.S. session noted sensitive growth, as the index of most companies for the licvidity DJIA marked increase of 302 points or 2.7% to 11734. Significantly increased and the index S & P 500 (2.4%) and the Nasdaq Composite (2.5%). According to Bloomberg agency that should be attributed to lower prices of raw materials, which should mean higher profits for companies in industry, transport and trade.
Dollar appreciated against most significant euros from almost eight years. This reflects negatively on the prices of raw materials, fixed in dollars. The price of a barrel of crude oil yesterday in New York fell by almost $ 4 to $ 115.20, decrease the fourth week of five. The weighted average price of petrol in the United States, which reached a record on 17 July to 4.114 U.S. dollars for galon, yesterday fell to 3.836 U.S. dollars, the lowest of 21 May, the data show the U.S. automobile association. The prices of metals and cereals also fell after the strengthening of the dollar took the attractiveness of commercial goods as a means to prevent inflation. "the breaking of raw material prices and changes in the users investing trust" - indicating investor from New Jersey. Among the most profitable shares were those of McDonald's Corp., Which yesterday cost most since the company started to be traded on the exchange prior to 43 years. Sales in July were exceeded expectations. Other companies that perform better than expectations, are Cisco Systems and Procter & Gamble.
Labels: Financial News
posted by Zoritza Petrova @ 2:38 AM
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