January Appeared To Be Quite Inconsistent For The Markets

The American indices finished the last trading week in negative territory. Negative attitudes were brought to the market due to the fact that according to the presented data from the FED, the volume of the commercial debt papers of the American companies was reduced for the week to 1.014 trillion dollars. Besides that, pressure on the market increased due to the reporting period of large companies, whereby data appeared to be worse than forecasts. The American investment company KKR Financial Holdings, reported a decrease in quarterly profit from 77.01 million dollars to 61.99 million dollars. The Chevron oil company reported around a 32%% falling of quarterly profit to 4.93 billion dollars.

As a result, indices closed the trading week with the Dow Jones industrial average index decreasing by 0.94%% to the level of 15698.85 points, and over the week the loss was 1.1%%. The Standard & Poor's 500 index decreased by 0.65%% having closed at the level of 1782.59 points, loss over the week being 0.4%%. The Nasdaq Composite index decreased 0.47%% to a value of 4103.88 points, having lowered during the week by 0.6%%.

The situation in the commodities market also became negative last week as both prices of oil and precious metals lost in value. This morning, Brent is bargaining next to the level of 105.55$ per barrel, losing 0.25%%; WTI is down by 0.47%% on the level of 96.24$ per barrel. Gold is up by 0.22%% on a price of 1242.54$ per troy ounce and silver decreasing by 0.01%%, traded on the level of 19.12$ per troy ounce.

Meanwhile, February will be saturated with events that will have an influence on the development in the markets. A large part of investors attention will be focused on the Congress of the US, who need to solve the issue of raising of the ceiling of the American national debt, before the end of the week. Investors will also take an interest in February's meetings of the European Central Bank and the Bank of England. Today, it is worth paying attention to indices of business activity in the industrial sector of Germany, the Eurozone and Great Britain, and the index of economic conditions of ISM in the production sphere in the USA.