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U.S. indexes rose on Wednesday on statements by the Fed to continue to stimulate the economy

Feb 26th, 2010 | By admin | Category: Scenario and forecasts

Stock indexes in the United States finished the auctions on Wednesday increased, reports Bloomberg. Investors are optimistic about the news that the Federal Reserve System (FRS) the USA will continue to keep rates at record low level 0-0,25% over an extended period of time.

Quotations of futures on Thursday morning also show strong growth: the March contracts for SP 500 rose to 0.74%, at Dow Jones - by 0,6%.

Following the two-day meeting January 26-27 Federal Open Market Committee (FOMC) U.S. Federal Reserve decided to keep rates at "extremely low" for a "long time".

"In principle, the Fed just once kicked a tin - said the chief investment officer of Boston Financial Corp. - We have not nearly reached the point where should think about changing rates, even hint at it too early."

markets opened lower as weak accounting and statistics at first upset investors.

Caterpillar shares fell on the results of the auctions on 4,8% - the maximum decline among all the securities included in the calculation of the index Dow Jones Industrial Average. The U.S. company Caterpillar Inc., The world"s largest manufacturer of earthmoving, transport machinery and mining equipment, lowered its net profit in the fourth quarter of 2009 by 65% and gave a forecast for 2010 below analysts" expectations.

In addition, statistics from the weak housing market also could not fail to disappoint markets. Sales of new homes in U.S. up to 2009 fell by 23% - up to 374 thousand, the lowest since the beginning of settlement in 1963. This in December index unexpectedly fell to 7.6% - to 342 thousand in annual terms, the lowest volume since March last year.

At the same time, analysts expect a record for the duration of the fall in corporate profits, which lasted for nine consecutive quarters, ended in the last three months of 2009. In their assessment, to increase profits of companies whose shares are included in the calculation of the SP 500, was in the fourth quarter average of 73%.

Index Dow Jones Industrial Average rose by 41.87 points (0.41%) - to 10,236.16 points.

Standard Poor "s 500 by this time rose to 5.33 points (0.49%), amounting to 1,097.5 points.

At the same time, the Nasdaq Composite index value increased by 17.68 points (0.8%) - up to 2,221.41 points.

Reduce

Dow Jones since the beginning of 2010 is 1,8%. SP 500 index lost this year, nearly 1.6% and the Nasdaq - 2,1%.


Russia"s indexes show growth on the background of a favorable situation on world stock markets
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In the course of the trading session effect on the dynamics of the stock market could have a weekly statistics on the U.S. labor market
Volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals
Speculative recomcf0mendation on shares of MMC Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB
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During today"s trading in Asia reported a decline of the euro to a minimum $ 1.3935
Asian stock exchanges today are optimistic

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