Eight-day rise in oil prices on Tuesday ended
Oct 21st, 2009 | By admin | Category: News International MarketsU.S. Market
U.S. markets closed down slightly yesterday. Macroeconomic statistics was not expressive. The housing market in the U.S. continues to experience hard times. Number of new homes in the United States in September rose by 0,5% and amounted to 590 thousand homes on an annualized basis, analysts predicted increase that figure to 610 thousand homes. The number of permits for housing construction last month fell to 573 thousand, while economists expect a rise to 595 thousand Number of permits shows the pace of building houses in the near future. In addition, producer prices unexpectedly fell (PPI), which is quite alarming symptom. Industrial prices in the U.S. in September 2009. declined relative to the previous month by 0,6%. Analysts expected decline of 0,3%. Value of shares Pulte Homes, the largest construction companies in the U.S., sank on the basis of trading on 5%, paper Lennar fell 2.9%. Equities retail chain Home Depot, sells products for homes, dropped in price by 2,4%. Ambiguous impressed and corporate reporting. Reporting Caterpillar surpassed analysts' expectations. But Coca-Cola failed to please. Net profit of the world's largest producer of soft drinks in the third quarter grew less than 1%. The company's revenues at $ 8.04 billion was worse than the average forecast of the market is $ 8.15 billion
Raw
eight-day rise in oil prices on Tuesday ended, as the weak data on U.S. housing market have shaken the confidence of market participants in the rapid economic recovery. Also, the pressure on the quotes provided information on what OPEC believes that the price of oil at $ 80 a barrel is unreasonably high. Management and organization of the member countries are concerned about the existence of huge reserves of oil and petroleum products in floating storage tanks, which are estimated at 125 million tons.
At the end of trading on NYMEX November futures for delivery of petroleum of mark WTI have fallen in price by 0,7% to $ 79.08 per barrel. During the bidding price of oil rose to $ 80.05 per barrel.
Asia
Stock markets in Asia are now showing negative momentum, playing the negative results of the tender in the United States, reducing the prices of metals, and no doubt the players in the rapid recovery of the world economy due to deflationary expectations in the United States.
Index Asia-Pacific MSCI lost 0.3%. Australian Index SP /ASX 200 fell 0.35%. At the Tokyo Stock Exchange Nikkei index lost 0,11%, Topix index decreased by 0,2%. The yen is currently traded at 90.73 - 90.78 for one U.S. dollar. At the same time, the Seoul stock exchange index KOSPI falls to 0.66%.
Chinese CSI 300 index, reflecting the bidding at the two sites of mainland China, is traded on the zero. Hang Seng index in Hong Kong fell by 0,2%.
SSMSC Certificate of time to pay the bills coming to Ukraine's biggest automobile factory - ZAZ ...
Tymoshenko hopes to review the program of cooperation with the IMF
Nobel laureate urged U.S. authorities to temporarily nationalize banks
Razrulit debts
The scale of Russia's lower market limit purchases, which are possible at the end of auction
Shares traded in the telecommunications sector best market
Finam will hold a seminar on investment in the second echelon
Levels of oil this week will be difficult to predict
Asia: after the release of Chinese telecom reporting bulls turned rods
