Market update - 07.10.2011

Europe's leading central banks
returned to crisis-fighting mode

On Thursday, on October, 6th, key stock markets of the European region, as well as U.S. market have finished the trading session in positive territory. Interest rates as it has been predicted were left at former level of 0,5 % and 1,5 % accordingly.

Investors have complacently apprehended news that the European central bank will support liquidity in bank system by carrying out of two long-term operations on refinancing in October and December. Besides, ECB will start the new program of the repayment of sovereign debt papers for the amount of 40 bil. Euro.

Following the results of the trading session " index Dow Jones Industrial Average has raised on 1,68 % and was closed on a level of 11123,30 points, the index of wide market S&P 500 has grown on 1,83 % to level 1164,97 points, and the index of hi-tech companies Nasdaq has risen on 1,88 % to a mark 2506,82 points.

The price for futures for oil of Light following the results of the auctions on NYMEX has raised on $2,91 or 3,52 % to level of $82,59 for barrel.

The price for futures for gold following the results of the auctions on COMEX has raised on $11,60 or 0,7 % to value to $1653,20 for ounce.

On Friday all attention will be chained to the data on a labor market of the USA - to a rate of unemployment and employment in non-agricultural sector. This news will affect the further dynamics of the market and in a case of negative results – we can see new minimums.

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