Wall Street extends losses, feels the weight of the decline in crude oil – Wall Street Italian

Wall Street extends losses, feels the weight of the decline in crude oil – Wall Street Italian

 
                 Oil to below $ 56 a barrel, updates the minimum from May 2009. Eye to the Fed meeting, scheduled for this week. Mixed macro data.
             
 

NEW YORK (WSI) – Wall Street closed down a seat in the swing again conditioned by the performance in fall of crude oil.

In the end, DJ marks a decline of 0.58% to 17,180 points, the S & amp; P 500 lost 0.63% to 1,989 points while the Nasdaq leaves on the ground 1.04% to 4,605 ​​points,

After relieved after fighting in Libya which have jeopardized the exports of two terminals, the price of crude oil is back down after the statements by Abdalla Salem el-Badri: OPEC chief hinted that the cartel of producing countries could tolerate lower prices. In the final futures in January in New York have lost $ 1.9 to close at $ 55.91 per barrel, minimum of May 2009.

As prices Crude lower ability to do well at the expense of consumers, is the global growth worries. Investors expect that the Federal Reserve also speaks of this in the meeting starts tomorrow and will end Wednesday. The strengthening of the dollar weighed on gold: the future in February have given $ 14.8, 1.2%, to $ 1,207.70 an ounce.

In any case, the slip of crude oil – around 40% from the peak in June – could lead the Federal Reserve to use dovish tone, from dove, at the end of its meeting Wednesday ‘. Bet on this market.

On the macro front, nasty surprises from the index NY Empire State Index, fell this month, compared to November, from 10.2 to 3.6 points, the minimum of two year old. Economists had expected an increase to 14 points. Recall that an index above zero indicates that the manufacturing sector of the State of New York there are more optimistic than pessimistic companies.

It grows more than expected industrial production in America. In November, according to figures published by the Federal Reserve, the increase was 1.3% month-on-month compared to expectations of + 0.8%. Revised upwards also reading in October to + 0.1% from the previous -0.1%. Higher than expected also the ability ‘utilization which amounted to 80.1% in November compared to expectations of 79.4%. Revised October figure to 79.3% from 78.9%.

Instead Disappoint in December the index Nahb thermometer confidence builders Americans, which fell to 57 points. The figure is lower than analysts’ expectations (58 points) and that recorded in November, when it stood at 58 points.

Among the titles, eye the company to Warren Buffett, Berkshire Hathaway, under pressure with approximately -3%, after the announcement of the purchase of Charter Brokerage, last Friday.

On the currency, the yen strengthened after the clear election victory in Japan’s Prime Minister Abe in office while in Australia the dollar lurches to the lowest level in five years after an armed man, who exhibited an Islamic flag , took several people hostage in a cafe in Sydney. With regard to ‘ € -0.28% to $ 1.2427; dollar / yen JPY + 0.03% to 118.78; euro / yen -0.26% to JPY 147.60.

Once you have scored the biggest weekly rally since June 2012, the prices of Treasury to fall back. The ten-year yields 7/32 with yields – which move inversely to prices – to 2.129%, near the lows of this year and 3% away from where they started 2014.
(Lna-Mt)