Stock market finished the previous week without setting a new recordhigh. The S&P 500 Index went down from Monday through Thursday. However, on the last trading day of the previous week, this index grew swiftly, making up for the fall of the previous days. Fears that the Federal Reserve System (FRS) will make a decision to taper the incentive program in the nearest future grew stronger among traders of the US stock market again. In the course of the previous week, positive statistical data on the US labor market was published. In November 2013, the rate of unemployment in the US fell to 7%, which is a record-low since November 2008. However, in the opinion of FRS officials, such a rate of unemployment is not low enough to taper the incentive program in the nearest future.
As before, the European market continues to demonstrate uncertainty, same as the euro-area economy. The Purchasing Managers Index (PMI) in the industrial sector for the 17 countries of the euro-area inched up to 51.6 points in November 2013 from 51.3 points in October. At the same time, orders of industrial companies in Germany in October 2013 shrank more than analysts forecast.
During the next week, the market dynamics will be formed under the influence of statistical data on real estate market, retail trade and produce price fluctuations in the US
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