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The absence of news that can support the trading activity may help correct the beginning of the Russian stock market

Jul 24th, 2009 | By admin | Category: News and Comments

World stock markets

Almost all released yesterday by the corporate accounting and statistics United States had better expectations of experts, which allowed U.S. stock indexes to show strong growth over all the trading session without a single attempt correction.

The number of primary applications for U.S. citizens on unemployment benefits last week amounted to 554 thousand, 30 thousand more than the previous figure, but it turned into 3 thousand less than the experts. The principal is a pleasant surprise in the statistics of the labor market was to reduce the accumulated number of applications for benefits. For the week ending July 12, they were recorded 6 225 thousand, which is 88 thousand less than the previous figure and the 165 thousand lower than the projections. , Registered yesterday was a minimum figure since April this year.

Sales of homes on the secondary housing market, the USA, occupying more than 90% of the total market, grew in June at 3.6% compared to May. It increases the third month in succession, giving hope that the worst for the U.S. housing market left behind. Total sales in June were 4.89 million homes in the year calculated as a maximum level since October last year. However, if we compare the results published yesterday, sales of homes with the results of June 2008, they still remain at 0.2% below them. The median price of homes on the secondary market, was last month's $ 181.8 thousand, a 15% lower than prices in June 2008.

In addition to the morale of investors yesterday, supported by corporate reporting companies such as AT T, eBAY, Ford. Their financial results on the basis of 2 quarters exceeded forecasts of experts.

Against this background, the index Dow Jones Industrial Average rose as a result of trades on 23 July at 2.12% - to 9069.29 point, Standard Poor's 500 rose by 2.33% - up to 976.29 point, Nasdaq Composite rose to 2,45% - to 1973.6 points.

On Friday morning futures for America traded in a moderate negative, the new Asian indices.

Metals Market

On Thursday, the London Metal Exchange traders the second consecutive day questioned the validity of further market growth. Prices of metals changes color from green to red and back. But like the previous day, to the closing bid prevailed positive mood. Nickel went up July 23 at 0.9%, copper - at 0.5%, zinc - by 0.8%. Aluminum, lead and tin added to 2.3%, 2.4% and 3.7% of the value respectively.

On Friday morning the London Metal Exchange overtook another wave of fixed income. It is very likely that today it will be more profound than in previous days, and will determine the closing of bidding for the negative territory.

oil market

U.S. WTI and Brent european easily have been 66 $ th box, turned to the June peak.

Volatility commodity market continues to impress bidders. During the first three weeks of July when oil quotes 20% of the fall to levels below $ 60 a barrel, up about 15%, returning closer to $ 70 a barrel. Information preconditions for such a major change as such did not exist. Trigger at falling were negative and the expected data on unemployment in the United States and Europe. The growth is likely to help a favorable trend of stock markets, where indexes break records last fall, as well as systematic weakening of the dollar.

Russian stock market

Friday, July 24, is well suited for the early correction in world stock markets, namely, it has already begun his day European trading platform. Reason for this is today: post-closure of the U.S. stock market reports Microsoft, Amazon.com and AmEx, which turned out to be worse than the expectations of experts, slow slide in commodity markets in the red zone, and lack of access to important news during the day, able to support trading activity. However, as shown by the results of recent days, even so, investors may choose not to hasty action on getting rid of risky assets that will add Trading volatility.

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Analyst Ratings


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