On the first trading day after the holidays, stock indices traded in a single negative dynamics and closed in the red zone. The Dow Jones declined by 0.03% (24746.21), S&P 500 dropped 0.11% (2680.50), the Nasdaq fell by 0.34% (6936.25). Yesterday European markets were still closed, but as of the last trading session on Friday, they went down in a single dynamics and closed in negative territory. The German DAX fell 0.28%(13072.79), British FTSE 100 slipped 0.15% (7592.66).
Today it is expected a few publications of the macroeconomic data and the speeches of the monetary authorities that could affect investors' decisions during the trading sessions.
At 12:30 MSK the mortgage approvals in the UK At 18:00 MSK the Index of consumer confidence in America At 18:00 MSK the Index of pending home sales in the U.S. real estate marketOn Tuesday, European markets were closed, and the data of macrostatistics in the region have not been published. Today, perhaps the weakening of the Euro on the background of the situation in Catalonia worsening.
The opening of the American stocks after the holidays was rather negative. On the background of strong macroeconomic statistics absence and new drivers indices slightly corrected near historic highs. Despite the thinness of the market, when not all the players went back to work there were not observed a high volatility, and it can be viewed as a positive effect, as there was a sharp correction on profit taking.
On the background of the general, although not significant, but the setback, it was highlighted out the high-tech sector. One of its main flagships, Apple has lost more than 2.5% of capitalization on weak forecast demand for the iPhone X in Q1 2018. The Corporation has reduced orders of components from Taiwan suppliers from 50 million downto 30 million units. Also other partners of Apple in the production of smartphones dipped in capitalisation Broadcom declined by 2.0%, Finisar and Lument fell by 3.7% and 6.0% each.
From the collapse of the stock market was saved by the companies from the oil sector, which offset part of the losses amid a sharp rise in prices for "black gold". Capitalization of Chevron rose 0.8%, EOG Resources rose 2.1%.
One of the lasting reasons for the increase in oil prices is a slow and continuous weakening of the dollar. But yesterday played a huge role an emergency, it was an explosion on the pipeline in Libya which is supply the terminal of es-Sid. The oil pipeline operator is a company Waha Oil Co has reduced oil production by 60-70 thousand barrels per day. Of course, this decline is not very critical, but concern the explosion, once again raises doubts of market participants in future uninterrupted oil supplies from Libya. There may be not only the suspension of production in the country, but the continued reduction of supply. This worry on the market unable to be stopped by the news of the recovery of North sea Forties pipeline, with a volume of about 450 thousand barrels a day of Brent crude. Today investors will watch data on inventories of crude oil in the United States from the API, they can determine the dynamics of oil prices on Thursday.