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Today, the quotations of securities of Russian companies will slowly drift, yielding a pressure of Bears, the bulls

Aug 21st, 2009 | By admin | Category: News and Comments

World stock markets

third consecutive session of the American stock market completed its growth. Dow Jones Industrial Average rose on Thursday to 0.76% - to 9350.05 point, Standart Poor's 500 rose 1.09% - to 1007.37 point, Nasdaq Composite gained 1.01% - to 1989.22 points. Added confidence to investors on Thursday published details of statistics and corporate news.

The index of leading indicators calculated research organization Conference Board, in July, once again demonstrated the positive trend, rising by 0,6%, which, however, proved somewhat less than expected market 0.7%. For the first time since 2004, the increase rate was already 4 months in succession.

calculated by Federal Reserve Bank of Philadelphia index of manufacturing activity in the district for August rose to minus 4.2 point to 7.5 point a month earlier. American experts on average had expected that figure will be minus 2 points.

At the same time continue to raise concerns on the U.S. labor market. Thus, in the week ended August 16, the number of initial applications for unemployment benefits unexpectedly rose to 576 thousand to 558 thousand downloads, recorded a week earlier.

CEO of insurer AIG said yesterday on the company's intention to return the debt the U.S. government, which plans to sell some of its assets at a favorable time for this. Against the background of the news AIG shares soared yesterday by 21%.

At the auction on Friday indices across the Asia-Pacific region went into the negative region, following the publication of weak financial reporting Insurance Australia Group and Billabong International.

Metals Market

Metals completed yesterday, mostly in the green territory. Tin and copper added at 2.1% and 1.1%, respectively, becoming the best performing. Lead and Nickel went up by 0.4% and 0.3%.

The price of aluminum declined a second consecutive trading session, demonstrating the momentum against the market. Yesterday, the metal had dropped in price by another 2.3% - up to $ 1 906 per tonne. Despite the reduction in aluminum production in July to a minimum during the past 4.5 years (based on data from the International Institute of aluminum), the stocks in LME grow. Over the last three days, they increased by 1.6%, reaching another historic high.

On Friday morning bear mood spread and the remaining metals - they all desheveyut within 1%.

oil market

The last trading day of September, brand WTI contracts allowed them to close in the positive area: neftefyuchersy went up by 0.17% and symbolic established at around 72.54 dollars per barrel. Activities at this auction, traditionally the date ekspiratsii, was low.

traded on the London ICE Futures contracts class October Brent, on the contrary, at the tender on Thursday were subjected to sales. The fall of quotations was 1.69%, the market value of the contract fell to 73.33 dollars per barrel.

On Friday morning, oil is not encouraged by the prevailing market conditions and continue the sale of hydrocarbons.

Russian Market

the next trading session will take place in the absence of clear investmentideas, quotes, securities of Russian companies will slowly drift, yielding a pressure of Bears, the bulls. Perhaps by the end of the day, market participants will try to get money.

Information on the background is not extensive: National Association of Realtors USA publish data on house sales in the secondary market in July at 18:00.

financial statements for the past quarter, publish AP Moller - Maersk.

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