Most investors still believe in the desirability of continuing growth, delaying the start of a full correction
Oct 1st, 2009 | By admin | Category: News and Comments global equity markets
The American share indexes were closed yesterday, not bad enough, having managed to end trading almost completely recover sharply negative opening. Helped them in this output during the day statistics, which determined the further course of bidding.
Even before the session was published information on changes in employment in the private sector by ADP: the September figure was reduced by 254 thousand against 200 thousand less than expected recall that a month earlier traced ADP number of employees decreased by 298 thousand
were later declared final data on U.S. GDP for the second quarter, which are supported by the stock market. The actual decline in GDP was 0.7% instead of 1% announced earlier. The consensus forecast of U.S. experts estimated the drop in macroeconomic indicators in 1,2%.
According to the former head of the U.S. Federal Reserve Alan Greenspan, the growth of the U.S. economy next year may slow due to termination of recovery in the stock market. In the next 6 months, before the likely slowdown, the economy will grow, on average, at a rate of 3-4% per annum, - he believes.
Futures for America on Thursday morning altered the direction of their movement and began to grow up.
Asian indices traded in negative territory. According to the latest quarterly Tankan survey of Japanese companies, in this fiscal year, a fall in corporate profits will be 22%, and the volume of their investment fall by 10,8%. Three months ago, Japanese businessmen were more optimistic.
Metal Market
On Wednesday, September 30, metals traded on the LME, went counter to the dynamics of the stock pads and completed the trading day, certain capital gains.
winner of the race of quotations in a group of industrial metals was zinc, added 4.6% (1969 $). Near his left nickel prices increased by 4,4% - to $ 17,895 per meter. ton.
futures quotations for copper ($ 6159) and tin ($ 14,900) rose by 3,1% each. The market price of lead and aluminum has increased by 2,3% (2284 $) and 2,05% (1890 $), respectively.
Thursday morning on the London Stock Exchange prices are stable, there has been a small downward dynamics of nickel, zinc and lead.
Market Oil
The U.S. Department of Energy data on the status of the fuel market in the country, the market value of hydrocarbons in the environment once again rushed up.
For example, inventories of gasoline, in contrast to expectations, decreased from 19 to 25 September at 1.66 million barrels of commercial stocks of distillates rose by 323 thousand barrels instead of the projected 1.2 million barrels.
Contracts London Brent risen yesterday at 5.47% - up to 69.07 dollars per barrel mark WTI neftefyuchersy added 5,85% - up to $ 70.61 barrel.
According to the forecasts of the Ministry of Natural Resources and Ecology of Russia, as reported on the eve of Deputy Chief Minister S. Don, this year in Russia will open two oil fields with reserves exceeding 50 million tons.
On Thursday morning, very grown up yesterday, black gold declines in the price, losing about 0.7%.
Russia Market
Thursday on Russia's stock market, there is a number of positive factors, the hope of his moderately positive opening. This essentially grown up on the eve of oil prices and a fairly good closure of U.S. indexes, which were able, after opening sharply negative during yesterday's trading almost completely restored.
Both of these factors indicate that the power of buyers has not yet exhausted. Most investors still believe in the desirability of continuing growth, delaying the start of a full correction. Despite the fact that their nerves occasionally sit as yesterday after the release of negative statistics in the U.S., they still find the strength to continue the fight.
Today, this struggle we will probably see on Russian exchanges in the form of attempts to restore surrendered under yesterday's close position. However, it will come out, it's hard to say. Still, oil and Asian indices traded on Thursday morning in negative territory, the day we will have another piece of vital statistics from the U.S..
At 16:30 will be published on the number of requests for unemployment benefits during the week, as well as on personal income of American citizens for August. At 18:00 will the September rate index of activity in the U.S. manufacturing sector, as well as data on the housing market: the pending contracts to sell homes and construction costs in August.
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