A trader on Wall Street. Source: AP
NEW YORK. Encouraging figures from the retail and Consumer confidence could be given to investors in the hope to encourage that strengthens the economic recovery. Surprisingly good data from the labor market had the exchanges spurred on Friday. The Nasdaq climbed the highest closing level in 18 months, the Dow and the S & P 500 ended trading at six-week highs.
"The jobs are absolutely essential," said Bob Doll, Equity market strategist at asset manager Blackrock. That manufacturing recovering and would give consumers at least for some money for clothing. Moreover, were the Inflation risks remain manageable, and the housing market have bottomed out. Investors are now waiting for an increase in employment figures.
According to the latest figures from the Labor fell in Away in February, despite the harsh winter fewer jobs than expected. The investors believed this as further evidence ensure that the labor market could be about to change. According to economists, the unemployment rate of almost ten percent consumers, at least to some extent be more economical let.
On Friday, the Commerce Department released the Retail trade figures for February. According to analysts, could have caused severe snowstorms in the past month to that consumers have bought less. Reuters interviewed experts expect, on average, a decline of 0.2 Percent after a rise of 0.5 percent in January. Past Week had retailers, however, despite the harsh winter stronger than expected sales figures for February presented. Sun reported a target as one of the largest Discounters in the country a revenue increase of 2.4 percent in the For more than twelve months open branches.
Also on Friday, the preliminary data are available for Consumer confidence from Reuters and the University of Michigan at. Analysts polled by Reuters expect that the index in 73.6 meters on the level of the previous month stays. Of the S & P 500 companies is set this week at others, the largest U.S. supermarket chain Kroger and Brown-Forman, maker of Jack Daniel’s whiskey and other spirits, figures. About 70 percent of companies from the S & P 500 have in the fourth quarter, the market expectations exceeded.