(News Bulletin 247) – Wall Street closed in the green, the main indices posted symbolic gains: +0.2% on the Dow Jones, +0.15% on the S&P500 and +0.1% on the Nasdaq.. .but the week was down -1.2% for the ‘S&P’, -1.9% for the ‘technos’ (weighed down by Apple).
Volatility was the major absentee from this session: due to a lack of macro data, investors rushed through current affairs and the mid-session decline was caught up between 9:55 p.m. and 10:00 p.m., without any opposition, with most managers already weekend.
Nothing to report on the equities side and flat calm on the bond side: the week ended with a millimetric improvement on the US T-Bonds with -0.6Pts at 4.2580%… but the week remained negative (tension of +8Pts) .
It is therefore again the ‘NYMEX’ which has ‘made the news’ with a barrel of ‘WTI’ which climbs by +1.2% and is close to $88 (annual record at $87.95 at 6:15 p.m.).
Note the strong rise of Exxon-Mobil +1.5%, Marathon +2.9%, Anadarko +4.2%.
Data from the U.S. Energy Information Agency (EIA) released on Thursday show a further decline in crude oil inventories in the United States, to a historic low of 340 million barrels (400 million in below the ‘optimal’ level).
The United States will soon have to replenish strategic reserves, whatever the cost.
On the statistical front, investors discovered the stocks of US wholesalers at 4 p.m., secondary data which stands at -0.2% (-0.1% estimated): the destocking movement is currently penalizing the industrial sector US.
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