Oil Continuing Downward Trend

On Monday, the stock market of the United States finished the trading session with insignificant growth of the main indexes. There were not any published macroeconomic statistics in the US yesterday. The country celebrated Veteran Day, banks were closed, as well as the bond market. Respectively, the trading volume at yesterday's session was significantly lower than the usual.

As a result of the trading session - the indicator of blue chips Dow Jones Industrial Average raised on 0,14% to level of 15783,10 points, the index of the wide market Standard & Poor's 500 increased by 0,07% to a level of 1771,89 points, and the index Nasdaq Composite added in price just 0,01% and reached a level of 3919,79 points.

As to the commodities market, then oil is continuing its downward trend. This morning Brent is losing 0,18% and WTI is decreasing for 0,29%, traded on a price of 105,99$ and 95,19$ per barrel accordingly. Precious metals are also losing in price, with gold traded on a level of 1280,45$ per troy ounce and decreasing for 0,05%. Silver is slightly more weak at a price of 21,18$ per troy ounce and losing 0,48%.

This week markets will focus on the speech give by the future head of the Fed- Janet Yellen in front of the Bank Committee of the Senate, and also the reporting of large American retailers. Quarterly report of Walmart Stores Inc. is going to be published on 14th of November, Home Depot Inc will present results on 19th of November.

As for today, then in the second half of day will be published weekly indicator of sales of Redbook which considers sales volume of networks of large shops and hypermarkets in the US . Moods in the American market are still quite optimistic, all the October’s data published so far can be considered quite positive and better than expectations.