Important news from the U.S. will make their adjustments in the dynamics of world stock and commodity markets
Feb 24th, 2010 | By admin | Category: News and Comments global equity markets
In the U.S. today should be clarified two major issues, most concern now, investors: the future course of monetary policy authorities and the seriousness of Barack Obama on the reform of the U.S. banking sector. From Fedrezerva United States, most market participants do not expect any important decisions on the basis of this meeting, while still fear that today the U.S. regulator will be willing to give the market a signal near the beginning of the tightening of monetary policy.
Tuesday in the U.S. went out, mostly favorable news. Thus, the index of consumer confidence in the economy (Consumer Confidence) unexpectedly rose in January to 55.9 points from 52.9 points recorded a month earlier. Also good financial results pleased investors-reporting yesterday, Apple, EMC.
Major U.S. stock indexes over the last trading session have shown steady upward momentum. By the end of the day traders wary ahead emergence of important news prevailed - and the stock market went into a minus. &a1000mp;lt;br />
The only green spot on the screens of monitors on the basis of the trading session on Tuesday became the European area. Supported the stock market news on the growth index of business confidence in the economy of Germany, as a number of companies in the region yesterday published a strong financial reports.
On the morning futures "on America" grow up ". Asian indices are mostly moderately reduced, some of them are periodic attempts to rebound.
Metal Market
The metals market as well as the stock markets, yesterday ruled uncertainty. On the eve of important news in the U.S., investors preferred not to make any active purchases or sales. Main industrial metals finished the trading session on the LME little differently directed changes in quotations.
Contracts for tin, nickel and zinc recorded positive changes in value, adding 0.4% ($ 17,975), 0,25% ($ 18,200) and 0.15% ($ 2,318.5), respectively.
Copper fell by 1,1%, standing at around $ 7381 per ton. Futures on aluminum lessen 1% of market value - up to $ 2,220. Quotes of lead fell by 0,9% - to $ 2200.
On Wednesday morning on the London Metal Exchange prices are relatively stable, dominated by pessimism.
Market Oil
Oil continued to lose ground yesterday, although after prolonged sales decline was not as deep. The March contract London Brent fell to 0.54% and were fixed at around 73.29 dollars per barrel mark WTI neftefyuchersy lessen 0,73% of market value, explaining the importance of 74.71 dollars per barrel.
At night the American Petroleum Institute released weekly statistics on the state of the fuel market of the country. At the end of the week from 17 to 23 January, commercial distillate stocks in the country, according to the API, declined by nearly 2 million barrels, crude oil inventories fell by 2.2 million barrels, inventories of gasoline, in contrast, grew up, but only slightly - to 0,9 million barrels.
Despite the good statistics, on Wednesday morning hydrocarbons are traded in the negative region, losing about 0.1%.
Russia Market
Today Russia"s stock exchanges, as well as other shopping malls of the world, will hold in anticipation of important events, resulting in the markets may be exacerbated volatility. The desire of traders to purchase, on which could be expected after yesterday"s drawdown market will be very limited expectation of important news from the U.S.. In addition, during the day would go much less significant news, which, however, will make their adjustments in the dynamics of world stock and commodity markets.
At 18:00 Moscow time, will be published statistics on sales of new homes in the U.S. for December. It is at this time will be particularly interesting, given what he saw earlier unexpectedly sharp drop in sales in the secondary market. For the oil market will become an important traditional weekly data from the U.S. Department of Energy for fuel reserves in the country (18:30 Moscow time.). From large companies prior to opening in the States will report Caterpillar, ConocoPhillips, Boeing, Valero Energy.
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