Quotations of black gold continued yesterday launched as early as Thursday upward movement
Aug 4th, 2009 | By admin | Category: News International MarketsWorld stock markets
At the U.S. automotive market has been a noticeable improvement. So, according to research organization Autodata Corp., The number of vehicles sold in July this year amounted to 997.8 thousand - the highest monthly sales figure since the summer of last year. The growth in purchasing activity in this sector is due, above all, the introduction of U.S. government financial incentives for the purchase of new machines.
program cash-for-clunkers, involving the provision of the state subsidy of 4.5 U.S. dollars when buying a new car to replace the old, was put in place just over a week ago, but now allocated for its implementation 1 billion dollars to expire. Currently, Congress is considering the possibility of a further $ 2 billion
Index of industrial activity in the United States (ISM Manufacturing) rose in July to 48.9 point with 44.8 point a month earlier. American experts were pleased with such a dynamic figure: on average, they expect to improve the indicator to 46.5 points. Demonstrated positive momentum and published on Monday is the cost of construction: in June, they rose by 0.3% as opposed to the expected decrease of 0.5%.
The statistics and, in particular, sales of automobiles in the U.S. market a positive impact on the results of the last trading session. Also yesterday, had a stock market statement supporting the former head of the U.S. Federal Reserve Alan Greenspan, look forward to the resumption of economic growth in the United States.
Dow Jones Industrial Average rose by 1.25% - to 9286.56 point, Standard Poor's 500 added 1.53% - to 1002.63 point, Nasdaq Composite rose by 1,52% - to 2008.61, paragraph .
Tuesday morning trading in green areas of the Asia-Pacific region. Futures for America slightly reduced.
Metals Market
The confidence of investors in the near restoration of the world economy continues to grow along with prices. Industry statistics published yesterday by United States and China and encouraging forecasts the world's leading economists have had a powerful impact on the markets. Course dollar against a basket of six major world currencies has fallen to nearly 1% - to the lowest value since September last year, a composite index value of the six base metals traded on the LME, jumped to 4.9%, reaching a maximum of 3 October 2008 .
The most impressive results this time showed tin, passed from the category of outsider metal into a market leader. Its price has risen as a result of trades on 3 August at 11.1%. Nickel and copper went up by 4.9% each. The cost of zinc and aluminum had grown up to 5.3% and 4.2% respectively.
Tuesday morning with the metal prices have fallen by an average of 1% - as expected, traders LME rushing record profits after rapid growth.
oil market
In July, Organization of Petroleum Exporting Countries (OPEC) further increased the volume of oil: 11 countries (excluding Iraq), are members of the cartel, on average, acquired 26.035 million barrels of oil per day, which is 1.19 million . barrels more than the stated range.
Iran's OPEC representative Mohammad Ali Khatib said on Monday that by the end of 2009 the price of oil reached 80 dollars per barrel.
Posted eve of the International Energy Agency forecast is based on a comprehensive study of more than 800 oil fields in various parts of the world, accounting for 75% of total world oil reserves. According to IEA chief economist F. Birol, world moves to a catastrophic energy crisis due to the rapid depletion of the world's largest oil fields and oil shortage will be felt in the world in 2010, which means soon the market value of hydrocarbons will rapidly increase.
Quotations black gold continued yesterday launched as early as Thursday upward movement. Contracts Brent went up in price on 2,58% - to 73.55 dollars per barrel, WTI neftefyuchersy went up by 3.07%, fixed point of $ 71.58 per barrel.
morning on Tuesday speculators are fixed, so the hydrocarbons are losing around 0.5% -0.8% of the cost.
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From a technical standpoint, the market went up to the level of 1100 points on the MICEX index, which in the case of a positive scenario can be overcome today
The fact that the collection of applications for the use of priority in the additional issue shares of VTB to keep a substantial reduction
Strong rise from current levels of the Russian market will not be able to need a correction to around 1050-1030 points on the MICEX index
The index of the Frankfurt Stock Exchange Xetra DAX fell 56.69 point, the index of the London Stock Exchange FTSE 100 fell 48.75, paragraph
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