The external background is more positive than the opposite. The U.S. market grew yesterday to 1-1,3% as major indices against the background of the expected growth in the number of signed contracts for the sale of the U.S. housing and good quarterly reports of profit construction company DR Horton. After the release of these data increased the paper all the companies related to the housing sector (such as Home Depot, United Parcel Service) improved investor sentiment.

On the U.S. market on Tuesday continued their quotes begun a day earlier growth. On the side of buyers were as positive corporate news and optimistic macroeconomic statistics. As index values outstanding transactions for the sale of homes for December 2009 year, they surpassed the expectations of the market - an increase of 1% compared to the projected 0.6%. Yesterday U.S. Treasury Secretary Timothy Geithner urged the Republicans to join the action to reduce the fiscal deficit of the country, arguing that the fact that these measures can be started, when the recovery will not be in doubt. The administration of U.S. President actively supported the establishment of a two-party finance committee whose purpose will be to find ways to solve the problem. While macroeconomic statistics goes positive, and most of the profit companies is better than expected, coupled with the fact that the U.S. budget deficit will eventually decline, the levels of two years ago for the U.S. stock market may not last in history.

leader of growth in the market became the largest American manufacturer of diesel engines and generators Cummins, whose net income for the IV quarter of 2009, nearly twice the expectations of experts, making $ 1.36 per share, against the forecast level of $ 0.78. In the 2010-meters, the company expects sales amounting to $ 11 billion, higher than the estimates of the market at $ 10.2 billion market took the news positively, and quotes Cummins rose by 8.84%.

leader in the field of logistics service United Parcel Service (UPS) three times boosted net profit for the IV quarter of 2009, compared with a similar figure for the year 2008, while decreasing 2.5% of revenue. Such a strong result is associated with an increase in traffic because of the holiday season and reduced costs. The main challenge for us will be the I quarter, and up to the current year the company plans to earn at least $ 2.7 per share, which corresponds to the expectations of the market. As a result of trading securities UPS rose in price by 0,39%, and FedEx - on 2,06%. Amid calls for the former Fed chief Paul Volcker to prohibit large commercial banks to high-risk transactions, to make the financial system more stable, bank securities yesterday showed mixed trends change quotations. Became more expensive paper Citigroup (2,1%), Goldman Sachs (2,49%), JPMorgan Chase (2,32%) and Bank of America (1,17%). Sagged Paper Wells Fargo (-0,48%), US Bancorp (-1,23%), Bank of New York (-1,08%) and PNC Financial Services Group (-2,17%). Representatives of Bank of New York yesterday, said Tuesday the purchase of a financial services company PNC Global Investment Servicing for U.S. $ 2.31 billion

oil market prices on Tuesday rose to nearly two-week maximufa0m. Optimism about the economy received new support from an unexpected increase in the number of signed contracts for the sale of housing in the United States. National Association of Realtors reported yesterday the U.S. that the index of signed contracts for the sale of housing in December rose by 1%, which surprised the market, expecting that the index would remain unchanged. Recent data have become another factor that speaks of the economic recovery, resulting in the price of oil rose on expectations of growth in energy demand. Generally, positive economic data from recent trading days (and a strong GDP, and strong production data, and a strong index of signed contracts for the sale of housing) caused a strong interest to buyers of industrial commodities such as gasoline. U.S. Department of Energy today will present its weekly data on oil reserves. The market expects that stocks of crude oil last week will remain unchanged, due to delays in the supply of imported oil in Texas last week. It is expected that gasoline supplies will grow by 1 million barrels, while stocks of distillates, which include diesel and heating oil, fell by 800 000 barrels. Factor load capacity is expected unchanged at 78,5%.

Bankers fear defaults
In the oil and gas sector is growing only Gazprom (1%), which is the trading volume for several days kept on a par with the “Savings Bank”
At 16.00 Moscow time the volume of trading in government securities market MICEX amounted to 67.29 billion rubles
Weak labor market data may cause a short-lived stock-market volatility
Technical analysis of the currency pair GBP /USD
The Ukrainian government is considering establcefishing a system of refinancing credit unions
Iceland faces financial exclusion
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