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Window – decorating end of the quarter


HB NEW YORK. So far , the Wall Street are very satisfied with the September, four weeks in a row closed , the U.S. stock markets with gains. Market players see in the next week still room for improvement : "The mood has improved noticeably in recent weeks after the last month has been characterized by the pessimists , "said market strategist Michael Sheldon of RDM Financial. Since expects companies from the front row no interim reports to the attention of investors has been focussed on economic data – whereby investors have now set out that the U.S. economy is growing slowly. The fear of a relapse into recession has been modified significantly dampened .

Be particularly revealing moment is the development of U.S. industry . New evidence is on the Friday of the Institute for Supply Management ( ISM ) calculated economic index of U.S. purchasing managers . Economists expect in the average a decline to 54.5 points from 56.3 in August. Scores above 50 points indicate an expansion of the industry. The surprising increase in the ISM index in August, the U.S. stock markets in early September , where a boost. Therefore, a disappointment could now also provide a setback, "said market strategist Sheldon.

Also on Friday published , the University of Michigan and Reuters its final index of consumer confidence , the Commerce Department data on personal income and expenditure and the car manufacturers figures for U.S. sales in September. Previously, the investors process on Thursday, the final figures for U.S. economic growth in the second quarter and the purchasing managers index for the region around Chicago. On Tuesday is the Conference Board ‘s index known for consumer confidence .

In addition, should the approaching end of the quarter in of the new week shape the trading. Many fund managers would take the end of September to the optical Aufhübschung the three-month balance of shares in its portfolio that have performed during the period particularly well . Stockbrokers call it " window dressing " (" Schaufensterdekorieren "). To the U.S. stock exchanges included the tech values Apple, Amazon and Netflix the winners of the third quarter.

On Friday, the major U.S. indices had increased significantly. The Dow Jones index of the default values closed the week with a gain of 2.4 percent to 10,860 points and the index of technology exchange Nasdaq 2.8 percent to higher 2381 meters. The emphasis is currently being paid to the broader S & P 500, which rose on weekly view 2.1 percent on 1148 points , and thus the key technical mark of 1130 meters of wall . "It’s important to get beyond a margin , as this indicates the willingness to buy at higher prices , "explained the technical analyst Chris Burba , Standard & Poor’s. " But after the strong increase since the end of August to increase the chances that we will arrive to take a breather , "he warned.

The next hurdles for the S & P 500 , experts at 1173 and 1220 points. from Closes the index the new week with gains , he added Reuters data, , according to in September the strongest month put down at least since March 2000 and the best September since 1939.