World stock markets

The leaders of the European Union in order to prevent future crises in the past agreed to the summit of a regional system of monitoring the financial markets. The goal is that the system will be established as early as next year and will consist of three European regulators and the European Bureau of systemic risk. European court closed on Friday in a green color.

The main indicators of U.S. stock market finished the trading session on Friday multidirectional changes: Dow Jones Industrial Average has grown smaller in the 0.19% and the recorded value of 8539.73 point, Standart Poor's 500 rose 0.31% - up to 921.23, paragraph , Nasdaq Composite gained 1.09% to 1827.47, paragraph marks. Last week the U.S. stock market decline has completed.

Representatives of 10 U.S. states have expressed opposition to the plan of reorganization of General Motors in part created by the release of GM-based automakers from liability for defects of previous machines. Also, objections were retirees, are worried that the company will be unable to pay their medical bills. Court hearings on the reorganization will take place June 30.

On Monday, the World Bank published a regular review of the world economy, which provides forecasts of short-impaired dynamics of many economies. Thus, it is expected that the U.S. GDP in the current year decrease of 3%, while the March forecast was minus 2.4%, Japan's GDP will drop 6.8% (previously 5.3%), euro - 4 5% (2.7%), Russia - 7.5% (4.5%). With the growth of China's economy will be 7.2%.

This week a meeting of the U.S. Federal Reserve. Market participants expect that the base interest rate will remain unchanged and the American Central Bank will give a signal of unwillingness to raise it in the near future. On Friday, the expectations that the rate will be increased until the end of 2009, suddenly dropped - according to futures quotes this view now holds 47% of traders, as opposed to 60% a week earlier. In addition, American experts suggest that the Fed is unlikely to be decided this week to change the current monetary policy, in particular, to increase the purchase of US Treasuries and mortgage securities.

At the beginning of a new week of trading in the positive area of the markets across the Asia-Pacific region and futures in America.

Metals Market

Friday on the metal market was dominated positive mood. At auction in London in the price of aluminum has added 2,31% - to $ 1680 per tonne, nickel went up by 1.27% - up to $ 15200 per ton, copper has increased in value at 1.21% - up to $ 5030 per tonne.

Lead sold for $ 1695 per ton (1.19%), zinc - $ 1576 per ton (0.83). In the industrial metals, only cheaper tin - on 0,84% - to $ 14825 per tonne. Gold went up by 0.17% - to $ 936.2 per ounce, palladium - on 2,69% - to $ 246.15 an ounce.

At a regular portion of the market projections, this time from Sitigroup, which predicts the global shortage of copper in 2011, which was manifested before the shortage of nickel, aluminum or zinc. According to American experts, copper production will be lower demand for 140 tonnes, after three years of world surpluses. Stocks of most other metals too have grown, and this is an obstacle to the recovery of their prices.

From the beginning of this year, the price of copper on the LME rose by 63%. At the same stocks in January fell by 17% against abackground of growth stocks of all other non-ferrous metals. These rates by 2011, world stocks of copper fell to a level corresponding to the global consumption of over 3.7 weeks, compared with 4.3 weeks at the moment.

oil market

In anticipation of the weekend the commodity market participants rushed to record profits, and quotes neftefyuchersov strongly proseli at auction on Friday. The August Brent contract class had dropped in price on 2,63%, settled at around 69.19 dollars per barrel. The July contract mark WTI fell in price for 2,55% and stopped on the value of $ 69.55 per barrel.

Yesterday it became known that President Hugo Chávez of Venezuela written by the Russian President Dmitry Medvedev called for Russia to show solidarity in maintaining the world price of oil.

At the beginning of a new week of hydrocarbons show multidirectional changes in the value.

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