Market Review, May 29, 2015

The trading on the stock exchanges of Wall Street ended slightly declines yesterday on the background of a statement by the president of the Federal Reserve Bank of San Francisco, John Williams, who estimated that the central bank will raise the interest rates in the US later this year.
Also,the continued shuffling negotiations between Greece and her creditors didn’t help the mood in the US markets after the international permit International Monetary Fund (IMF) warned that it would stop the transfer of financial aid to Greece if the country won’t meet the payments on their loans.
Economics news released yesterday showed that US pending home sales showed an increase of 3.4% in April, compared to expectations of a rise of only 0.9%. This is the sharpest rise at this 9 years.
The number of initial jobless claims in the US unexpectedly climbed to a record of five week.
according to the Labor Department ,the number of claims increased last week to 282 thousand compared to 275 thousand in the previous week.
The trading on the European stock exchanges ended with a mixed trend yesterday.
Frankfurt stock exchange closed down by 0.8% as on Wednesday the German exchange went up by 1.3% due to expectations of an agreement with Greece.
Paris lost 0.9%. In contrast, the London Stock Exchange closed up 0.1%.
The WTI Oil rose yesterday by 0.3% and closed at 57.7 dollars per barrel, after three consecutive days of declines.
The Gold rose 0.2% yesterday and closed at 1,188 dollars per ounce, this is the first rise after five consecutive days of declines.
This morning the Asian stock markets trading is conducted with slight gains, thanks to news from Japan which showed that the consumer price index rose in April by 0.3% compared to April 2014 and compared with economists forecast an increase of 0.2%.