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Asian stock at venues large-scale offensive bulls continues

Jul 27th, 2009 | By admin | Category: News International Markets

Rally on the American stock market at the end of the previous week continued (SP 0.3%). Despite the negative start bidding, due to disappointing records in II quarter of Microsoft, Amazon.com and American Express, and the reluctance of otygryvat macroeconomic data, which turned out to be better than forecasts, the greed of the market players in the future once again prevail over the fear after the Fed Head Ben Bernanke. In his speech he noted that the regulator was working to reduce the size of the emergency program support the financial sector (it became known that the TAF has been compressed up to $ 100 billion from the $ 125 billion), which was seen by many as yet another confirmation of the end of the worst phase in the recession economy. The rehabilitation of bull sentiment also contributed to the purchase of shares in energy companies against the backdrop of the resumption of the recovery of oil quotations, reverse the decline in market capitalization that the technological and financial companies. On Monday, futures on U.S. indexes are in the certainty black (SP 0.6%).

At the Asian stock pads large-scale offensive bulls continues (MSCI Asia pacific 1.3%), and the Japanese Nikkei repeats success DJIA, passes for the psychologically important threshold of 10 000 points. Expectations of improving corporate profits and the absence of a negative sort of communications do not bear at least to begin leveling the accumulated perekuplennosti. Paper confidence resource companies against the backdrop of continuing rally in the commodity markets. Oil Prices sorts WTI ($ 68.8/barr.) On Monday confidently go to $ 69/barr., Base metals renew every year since the start of the summit.

Euro now is mostly traded in a range 1,4138-1,4288 dollar
The course is kept buying the dollar unchanged - the morning review of cash markets
KSCA asked to return the gambling license
Bernanke: Fed actions during the crisis were aimed at preventing a second Great Depression
The Fed reduced the short-term loans offered by banks at 20%
Biden predicts the collapse of the banking system of Russia after 15 years
Banks are allowed to flow
Medium-term prospects for the Russian market is not too encouraging, but today probably continued growth of quotations
Perhaps today will be a local maximum of futures on RTS index - 105 of 000 items

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