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Index of the Frankfurt Stock Exchange Xetra DAX fell 1.27% index of the London Stock Exchange FTSE 100 fell by 1.71%

Apr 28th, 2010 | By admin | Category: News and Comments

Index of the Frankfurt Stock Exchange Ksetra DAX (Xetra DAX) fell 70.18 points (-1.27%) and at the level of 5463.06. Index of the London Stock Exchange Foots 100 (FTSE 100) fell by 87.96 points (-1.71%) and at the level of 5051.35. The March futures on the index S & P 500 (SP 500) on Globex (Globex) dropped to 7.2 points and is 1054.5. Opening of the American stock indexes are now expected to bottom.

The euro /dollar continued its decline in the European session and reached a level of 1.3648, a minimum of 20 May 2009. Pressure on the euro against the dollar continues to provide negative background associated with the problem of budget deficits in some countries of the eurozone. There is a reluctance of investors to risk, there is a drop in stock indices, the depreciation of New Zealand, Australian dollar, the rate of precious metals.

course gold fell today to the level of 1049.10, the lowest since November 2 last year. Falling rates of many tools of the activation of a large number of stop orders for sale below key support levels.

Despite the weak economic data in Germany, the euro /dollar somewhat corrected. In the forex market, there is the closure of long positions on dollar before the publication of important data in the U.S.. Industrial Production Index (Industrial production) in Germany in December -2.6% per month (projected 0.5% per month, the previous value of 0.7% per month). The index above is much worse than expected level.

Unemployment (Unemployment rate) in Canada in January of 8.3% (forecast 8.5%, the previous value of 8.5%). The index above is much better prognosis. After the publication of the data rate of the dollar /Canadian dollar plummeted to the level of 1.0716.

Tonight Swiss National Bank has a currency intervention to buy euros for francs. As a consequence, the euro /franc soared to 1.4805 level.

Investors" attention is now directed to the publication of the data review of the labor market and the U.S.. Market participants will also observe the meeting of finance ministers and central banks of the Group of Seven, which starts tonight in Canada.

PPI "downstream" (PPI Output) in the UK in January of 0.4% per month, 3.8% for the year (the forecast of 0.3% per month, 3.7% for the year, the previous value of 0.5% per month, 3.5% for year).

PPI "out" without taking into account the prices of food, alcohol, tobacco and fuel (PPI Output excluding food, drink, tobacco and petroleum) in the UK in January of 0.3% per month, 2.5% for the year ( forecast of 0.3% per month, 2.6% for the year, the previous value of 0.7% per month, 2.6% for the year).

The index of industrial prices "at the entrance" (PPI Input) in the UK in January 2.0% per month, 8.4% for the year (the forecast of 0.2% per month, 6.0% for the year, the previous value of 0.1% per month, 6.9% for year).

preliminary index of consumer prices (CPI) in Italy in January of 0.1% per month, 1.3% for the year (the forecast of 0.1% per month, 1.2% for the year, the previous value of 0.2% per month, 1.0% per year).
Today is expected to announce the following data:
at 13:30 GMT - the number of new jobs (Nonfarm payrolls) in the U.S. in January (forecast 10K, the previous value-85K);
at 13:30 GMT - unemployment (Unemployment rate) in the U.S.f16in January (10.0% forecast, the previous value of 10.0%);
at 13:30 GMT - an index of average hourly earnings (Average hourly earnings) in the U.S. in January (forecast 0.2%, the previous value of 0.3%);
at 20:00 GMT - consumer credit (Consumer credit) in billions of dollars in the U.S. in December (-10.0 forecast, the previous value of -17.5).

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