The behavior of oil prices remains a key driver



Futures for Brent oil slightly, add to the background of Iraq’s readiness to join a possible agreement on the freezing of oil production and the weakening of the US dollar in the international currency market. Futures on leading U.S. stocks after a decline the day before this morning changed a little. Major Asian stock indices do not show any dynamics. Premarket European session in the current time indicates a likely small drop in the leading European stock markets in early afternoon trading.

Leading European stock indices on Tuesday showed no single dynamics. Britain’s FTSE 100 (-0.25%) decreased, and among its constituent securities the greatest negative influence on its dynamics had fallen in the share price of mining companies Rio Tinto (-4.7%), BHP Billiton (-3.7%), Glencore (-4.3%) was under pressure amid falling prices for metals. Kept the decline in the British index, the prices of shares of banks HSBC (+1.9%), Lloyds (+1.5%), Barclays (+1.9%), supported by expectations of profit growth banks, despite released worse than expected statistics on consumer and mortgage lending in the UK.

In turn, French stock indicator CAC (+0.75%) on Tuesday added thanks to the rise of stock prices of oil giant Total (+1.1%) and banks BNP Paribas (+1.9%), Societe Generale (+1.8%). The German stock indicator DAX (+1.07%) was yesterday the leader of growth among the leading European stock indicators against the background of increasing the value of shares of automakers Volkswagen (+2.0%), BMW (+2.1%), Daimler (+1.8%) and banks Deutsche Bank (+3.8%), Commerzbank (+2.8%).

The US stock market on Tuesday suffered minor losses. The index of “blue chips” Dow Jones down 0.26%, while the greatest negative impact his behavior has had a decrease in quotations of the shares of aerospace giant Boeing (-1.6%), retail chains Home Depot (-0.8%) and Apple (-0.8%). The index high-tech NASDAQ fell by 0.18% from-for falling of stock quotes of the companies from sector of information technology. The index of “broad market” U.S. S&p 500 (-0.2%) also showed a downward trend. The decline in the it industry spectrum you shared index the utilities sector (-1%) and growth index of the financial sector (+0.8%). According to published reports, the aggregate net profit of banks in the U.S. in the 2nd quarter reached its highest level in the last six years. This was mainly due to higher net interest income and reduce legal costs to the banks. Optimism to investors has added also yesterday released better than expected data has reached the maximum this year, consumer confidence index in the United States, reporting on the well-being of American consumers.




The behavior of oil prices remains a key driver 31.08.2016

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