Again, all the cards were originally in the hands of a more pessimistic public exchange
Feb 14th, 2010 | By admin | Category: News International MarketsAgain, all the cards were originally in the hands of a more pessimistic stock public. It is worth mentioning and continued strengthening of the dollar against the backdrop of concern about the impact on the EU situation in Greece, as well as echoes of disappointing European statistics, making it jump in oil quotes temporary. Also not pleasing to the eye and the situation on stock markets, where the troublemaker again became China.
frightened figures issuing new loans for the first working week of January, as well as impressive data on foreign trade The local regulators were not satisfied with the increase of provisioning deposits and some compression of the free liquidity through auctions on placement of new securities, and went to the new measures. Itself become the oral prescriptions to some banks have stopped issuing new loans in January, as well as the establishment of such a parameter in a strip $ 1 trillion. yuan for the year for all participants in the credit system. However, expectations are not very positive macroeconomic indicators from the U.S., all this formed a corrective mood in foreign mar1000kets, but Russia"s stock market, living in the past few days under its rules, it initially did not work.
Statistics on the production of inflation (0.2% m /m, 4.4% y /y in the expectations of 0% m /m, 4.5% y /y) was diverging, but in general, confirmed the prevailing impression in the Fed that prices There will not be set up to raise interest rates. Data on the housing market were also mixed: the number of new buildings was reduced to 557 thousand while the forecast of 572 thousand, while the number of permits for housing construction rose to 653 thousand while the forecast of 580 thousand, leaving the hope that the housing market so far not be a source of concern when determining the economic prospects. But on the whole reason for the sales still had more. In addition to macroeconomic data out quarterly reports from Bank of America, Morgan Stanley and Wells Fargo, and only the latter bank"s financial results could reassure investors.
look at today"s market
One component of the morning will increase the partial restoration of the American stock market (SP 500 -1.06%) behind the curtain after the failed bidding for the second time to overcome resistance in the 1150 points on the SP 500 index. As everywhere, the bidders on Wall Street did not fail to respond to the generally disappointing quarterly statements of U.S. companies, as well as new initiatives in China"s banking regulators want to bring down some of the economy of the increased temperature.
published today GDP data for the IV quarter (10.7% y /y against forecasts 10.8% y /y), retail sales (17.5% y /y, while the forecast of 16.4%) and consumer inflation (1.9% y /g while the forecast of 1.7% y /y), say that the new steps in that direction to wait, probably not have long. It is these considerations are guided by traders in trading in Asia, where stock indexes show differently directed dynamics: Shanghai composite 0.49%, Nikkei 225 1.22%, Hang Seng - 0.58%. However, in futures on U.S. indices (SP 500 0.29%) in a special way until it has no effect. Focus shifted to the published after upbeat trading statements from Starbucks and EBay, as well as expected for publication in a 18-00 favorable projected index of leading indicators and business activity in the manufacturing sector FRB of Philadelphia as well as traditional in the 16-30 applications for unemployment benefits . In addition to reports from Capital One Financial, Freeport-McMoRan Copper Gold, Goldman Sachs and Xerox Corporation could play and the expectations of the press conference, Barack Obama, on which he may present new regulations finsektora, which involve the imposition of limits on the size of the banks and they are taking risks.
The second component of the morning will increase the improvement in the energy market, where the "bulls" was supported by data from the API of an unexpected reduction of stocks of distillates and crude oil that smoothed the impact of the U.S. currency continue to be consolidated within a certain loss of appetite for risk.
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