Growth in consumer confidence in the U.S. reinforced the optimism of market participants concerning the imminent end of the recession
Aug 26th, 2009 | By admin | Category: News and Comments Russia
increase consumer confidence in the U.S., together with an increase in housing prices, reinforced the optimism of market participants concerning the imminent end of the recession to become another cause of rising prices on American stock exchanges. In turn reduces the price of black gold has led to a decrease in stock price in the energy sector, joined them for the fall in Treasury bond yields due to record sales of 2-year bond worth 42 billion dollars. Shares of representatives of the retail sector - Macy's Inc. and Bed Bath Beyond Inc. added more than 3,4% against growth rate of consumer confidence overcomes forecasts. Pulte Homes Inc. - The largest by market capitalization, an American construction company rose to bid more than 3% after a decrease in the price index for housing - SP /Case-Shiller home-price index reached a minimum value since April 2008.
Given the emerging on the time scale of the MICEX Index figure of uncertainty referred to as expanding triangle further developments will certainly after failure to reach the market through support or resistance that in the future are more likely to mean a way out of the triangle in the opposite direction. After the breakdown of the closest reference point for prices will be a maximum height of the triangle, deferred from the last control point of the upper or lower limit, depending on the direction of the breakdown. To date, the height of the figure is 39p., But a more accurate price estimate will be clear after the formation of shapes and break boundaries.
Europe
European equity markets have reached up to the auction on Tuesday a peak in October last year after the U.S. were better than forecasts of prices for houses and consumer confidence, which reassured investors and led to an increase in banking and oil sectors. Pan-European index of blue chip on the FTSEurofirst 300 rose 0.40 percent to 979.07 points. The index of consumer confidence in the U.S. totaled 54.1 points in August, while analysts expected value at 47.5 points. Prices for single-family homes in the United States again increased across the country in June 2009, show indices in major population centers. Shares of oil companies played daily losses and rose through the oil prices stayed for above $ 74 a barrel. Quotes BG Group, BP, Royal Dutch Shell and Total added 0,8 to 1,9 percent. Recovered in the evening and the banking sector. Paper partially nationalized banks Royal Bank of Scotland went up by 4 percent because of rumors that he was going to redeem their shares from the UK government. Indices of Banco Santander and HSBC rose by 1,4 and 1,0 percent respectively.
| FT-SE 100 | 20.57 | 0.42% |
| DAX | 37.34 | 0.68% |
| CAC40 | 28.44 | 0.78% |
Asia
Asian markets recovered, together with the MSCI Asia Pacific Index climbed to a mark-week highs against the backdrop of growing consumer confidence in the U.S. and the growth rate of profit of a number of Chinese companies. Air China Ltd. - The largest air carrier in China, working in the international sphere, has grown by 10% in trading in Shanghai after the publication of the results of the first half of 2009. and the income of the company, has doubled. Equity China Life Insurance Co. - Increased by 2,5% against the background of increasing profit by 15%.
| NIKKEI 225 | 142.35 | 1.36% |
| HANG SENG INDEX | 24.62 | 0.12% |
| SHANGHAI SE A SHARE INDX | 54.26 | 1.77% |
| SHANGHAI SE B SHARE INDX | 4.99 | 2.53% |
| KOSPI INDEX | 12.74 | 0.80% |
U.S.
The American stock market on Tuesday closed in positive territory thanks to the good statistics and the appointment of Ben Bernanke to head the Federal Reserve for a second term, which helped to placate investors, alarmed by the growing U.S. budget deficit. Satisfactory and investors awaited news on the corporate front: retail chains Chico s FAS Inc, Macy s Inc, and Big-Lots Inc have provided quite satisfactory results. The growth of the energy sector prevented the reduction in price of oil. Shares of oil company Exxon Mobil lost 0.87 percent, which kept the Dow from further jumps up. Private research company Conference Board reported that the index of consumer confidence in the U.S. totaled 54.1 points in August, while analysts expected value at 47.5 points. In addition, the company has revised the index for the previous month to 47.4 from 46.6 points.
| DJIA | 30.01 | 0.32% |
| SP 500 | 2.43 | 0.24% |
| NASDAQ COMPOSITE INDEX | 6.25 | 0.31% |
| NASDAQ 100 | 5.12 | 0.31% |
Closure Trading ADR GDR in the western areas was of multidirectional nature.
| Gazprom | -0.34% |
| Rosneft | 1.01% |
| Surgutneftegaz | 0.71% |
| Norilsk Nickel | -0.33% |
| Rostelecom | -1.60% |
| Gazpromneft | -2.16% |
Prices are per 1 share
* ratio of closing price of receipts on U.S. exchanges and Europe to the closing price of shares on the MICEX.
Recommendation: From the basic macroeconomic statistics pay attention to orders for durable goods in July in the U.S., sales in the primary housing market over the same period and the reserves of oil and petroleum products during the previous week. The data will be published in 16-30, 18-00 and 18-30 Moscow time.
MICEX (time schedule)
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