Last week, markets made a turn and showed confident growth. Indices of the leading trading platforms rose progressively during all trading days of the previous week. By the end of the week, indices gained more than 3%.
Growth drivers were statistical data that, for the most part, turned out to be better than expected. Existing home sales in the US grew 2.1% in October compared to September contrary to expectations of analysts who forecast a 0.2% slip. Data on new housing starts and building permits also turned out to be better than analysts’ forecasts. The Index of Leading Economic Indicators that makes it possible to predict the development of the US economy for the next three-six months also revealed better prospects than experts expected.
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