March 24th, 2010
After take-off earlier this week, the world”s leading stock indices are adjusted. Despite promising statistics on the labor market in the U.S., falling retail sales in Australia and another record on unemployment in New Zealand once again updated the investors” doubts about the pace of recovery of the world economy, which was the1000reason for the withdrawal of speculative capital into money. The deterioration in economic expectations has led to a correction in prices of basic commodities: crude oil quotes retreated from recent local maxima at $ 76.80 per barrel fell to $ 75.6 per barrel.
Trades in the United States ended yesterday, a slight drop in the indices. In the absence of significant publications investors chose to lock in profits after a two-day record of growth indices. Dow fell 0.26% to 10,270.55 forth, SP - on 0,55% to 1,097.28 n. Main disappointment to the market brought the statistics on business activity in the service sector, which accounts for 2 /3 of U.S. GDP. The value of ISM non manufacturing index was 50.5 § in January - lower than expected by analysts. In this case, amounting to employment remained below 50 paragraph (44 n.), indicating that tends to lead to job losses. As a consequence, under the gun turned out to be securities of companies in the consumer sector. Meanwhile, the ADP Report on the labor market in the U.S., by contrast, was promising: the number of employees in the private sector of the U.S. economy fell by 22 thousand, the forecast decline of 30 thousand in the corporate sector, a good reporting published News Corp and Time Warner, which could in the fourth quarter to go into profit.
In Asia, sales of risky assets increased. Weak retail sales statistics from Australia and the rise in unemployment in New Zealand contributed to the worsening economic expectations in the region and led to a decrease in the major indexes. The regional benchmark MSCI Asia Pacific fell on this background to 0.7%. The fall of quotations of raw materials sparked a record profit in shares of companies mining sector - industry giants BHP and Rio Tinto falling by 1,2% and 2,6% respectively.
An additional reason for investors in the quality of care was the concern of investors in sovereign debt problems of European countries, as well as fears of slowing economic recovery in Asia, in particular due to China”s policy to curb the activity of the lending market. As a consequence, against the background of increased demand for treasuries dollar continued to strengthen, thus increasing the pressure on commodity assets.
Dollar fell - an overview of cash markets Energy, World Stock Market, Currency Forecast …
Index of the Frankfurt Stock Exchange Xetra DAX fell 0.52%, the index of the London Stock Exchange FTSE 100 fell by 0.69%
As leaders of the decline on MICEX today, shares of telecommunications segment
At 16.00 Moscow time the volume of trading in government securities market MICEX amounted to 63.15 billion rubles
The situation in Western markets is not very happy
Analysis - Results of the day
Forex on the European session
In the segment of Russian Eurobonds until a weak activity
Today, the MICEX index back down to the bottom of uplink



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