The three main stock indexes in the U.S. I found myself in negative territory at the beginning of the last session of the week for Wall Street, after Federal Reserve unexpectedly raised interest rates on loans which commercial banks in the country. Investors took that as a sign of recent increases in base rate in the U.S. and opted to take a cautious stance. The index of the 30 largest and most traded stock companies, Dow Jones Industrial Average falling by 0.1% to 10 383.68 points and a half hours after the beginning of the session. Broader index S & P 500 gave up 0.1 percent to 1 105 points, mainly because of reductions in financial, energy and extractive companies. On the Nasdaq Stock Exchange main index Nasdaq Composite lost 0.2% to 2 236 points. Previous three sessions brought to the state index increases because of the good data on housing and factory sector. The encouraging financial results of the largest PC maker in the world also Hewlett-Packard stock increased optimism. The surprise Fed decision, announced after the end of the session on Wall Street on Thursday, dipped indexes in Asia and Europe today.
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The price of oil recorded several sharp movements in the past day. The black gold initially rose significantly, passing over 79 dollars a barrel, then retreated with quotes around the dollar. As part of yesterday’s session of the New York Stock Exchange with oil delivery in March rose by 2,2 percent to 79.06 dollars per barrel, the highest close since 14 January. It came because of the temporary stabilization of the euro, which has triggered interest in investing in commodities. Late in the evening, however, the U.S. Federal Reserve raised the discount rate by a quarter percentage point to 0.75 percent, which acted as a powerful catalyst for the dollar. Thus, the dollar rose to 1,3485 EUR / USD, after yesterday the euro was more than 100 pips more. This led to reduced interest in investing in raw materials and oil prices fell with 1,3 per cent to just over $ 78 a barrel. The Exchange in London yesterday of Brent crude oil with delivery in April rose by 2 percent to 77.78 dollars per barrel.
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Hungary gave the receipt of a new tranche of aid from the European Union, said European Commission (EC). From Brussels, however, specify that the money will remain available to the country in case of need. “Given the sustainable improvement of their external finance Hungary wants unblock international aid, said in a statement the European Commission, which notes that the country has dropped from its financing and in November. In Budapest the Minister of Finance Peter Osko confirmed the news to journalists, noting that it will be used the next tranche down – or the Commission or the International Monetary Fund (IMF). The reason is that “the country’s financing was provided by the markets,” AFP reported. Encounter serious difficulties from the effects of the global financial crisis in Hungary get a loan from a total of around EUR 20 billion from the IMF, EU and World Bank to deal with the effects of international capital leaking. This was the first country in the EU, which resort to emergency measures. EU promised to allocate aid to 6,5 billion euros, far Hungary has benefited from three tranches: a $ 2 billion euros in December 2008 and March 2009 and 1,5 billion euros in July 2009
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