Market Review, December 30, 2015

The trading on the exchanges of Wall Street closed with sharp rises with hopes of investors that the “Rally Santa Claus”, the name given to the history phenomenon in which the S&P 500 rose by an average of 1.5% in the last five trading days of the year, and in the two trading days of the new year, will help push the major US stock to a rise this year and to save Wall Street from the first negative year since 2008.
The European stock markets were closed yesterday on a positive trend for the first time in three days but with thin trading volumes, and the markets still on their way to the worst December since 2002.
A swing in price of the oil, yesterday it rose by 3% and closed at a price level of the price of 37.87 dollars a barrel after a fall of 3% on Monday.
Since the start of the year the price of oil fell by 30%, and lately the decline came amid to fears of a slowdown in oil demand in China, and expectations of a surge in the oil exports from Iran after the removal of the international sanctions against her.