Summer has passed as usual. Quiet and slightly boring in front of the investor’s eyes. Nature and it, like every time at this time of year, reminded of itself through the hurricanes that hit the American coast, which resulted in the rise in unemployment applications in the United States reaching 300,000 in a week. Such a number of applications have not been observed in two years. Bad weather also influenced economic activity, we saw a decline in industrial and factory orders. At the same time began the escalation of tensions created by North Korea, which led to gold growth and a decline in stock prices on both sides of the ocean.
At the end of September, what gave investors optimism was the data on production inflation in the US and the growth of consumer prices up to 1.9%, In this week is the Fed meeting, which will give its reading of the current economic conditions and clarity about its future actions.
The statement of Finance Minister Menuchin, who expects by the end of the year the government to see its tax reform, also opened investors and eventually on a weekly basis there is growth of major Wall Street indices.
On the other side of the ocean was held the regular meeting of the ACB, which did not change its interest rates and its monetary policy. However, she retained her right and hinted for action by the end of the year. Inflation in Britain reached 2.9% on an annual basis.
The Chamber of Industrial Capital in Germany raised its forecast of GDP growth to 2%, as a result of the strong year in which business activity, consumption and exports grew.
Unfortunately, in Bulgaria Sophiks did not perform well by erasing over 3% of its value during the week. With good turnover, our index dropped to 680 points.
