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On the commodity markets after the U.S. dollar setback of the maximum value since the beginning of August, there is also corrective movement upwards

Aug 18th, 2009 | By admin | Category: News International Markets

Emotions that the character of the restoration of the world economy will fall short of the pledged stock quotes in the script, followed by Asia and Europe have identified the weather and on the U.S. stock market (SP 500 -2.43%). Optimistic report on business activity in the manufacturing sector according to the FRB of New York has not had in the prevailing mood of a particular influence. Market participants have not yet managed to move away from the publication last week's disappointing performance of retail sales index and consumer confidence on the part of the University of Michigan, as he was given a new food for thought - a report and a forecast of network products for home Lowe's had worse prognosis. The continued exclusion of risky assets continued beneficial effect on the dynamics of US treasuries and the U.S. dollar. VIX indicator of fear of the day off at 14.9%. On Tuesday morning, futures on U.S. indexes gained a good height (SP 500: 0.51%).

In Asia, however, cautiously optimistic after the morning Drawdown substantial stock index was not very stable (MSCI Asia Pacific -0.5%). Chinese Shanghai composite after a record this year, the eve of the fall is kept near the neutral point.

In commodity markets, following the setback the U.S. dollar of the maximum value since the beginning of August, there is also corrective movement upwards. Prices for WTI crude oil brands are trying to consolidate above $ 67/barr., Which is $ 1.5 higher than at the close of the Russian stock market.

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