July 10th, 2009
World stock markets
Major U.S. stock indexes finished the last trading session with a slight increase. Dow Jones Industrial Average gained 0.06% and the symbolic significance recorded 8183.17 item, Standart Poor's 500 rose by 0.35% - up to 882.68 point, Nasdaq Composite increased by 0.31% to 1752.55, paragraph marks .
leaders in the recovery of paper companies have been banking sector - as investors reacted to the improvement recommendations Bank of America shares to Goldman Sachs to buy.
conflicting feelings caused by the data released yesterday by the U.S. Labor Market: The number of initial applications for unemployment benefits was the week ending July 5, after 565 thousand 614 thousand applications, registered a week earlier. Market participants predicted 603 thousand downloads. However, the number of American citizens continue to receive benefits rose in the week from 22 to 28 June from 6702 thousand to 6883 thousand people, surpassed market expectations (6710 thousand).
Despite the lack of recent apparent positive signals, the expectations of American economists each month continues to improve. According to the July poll by The Wall Street Journal, on average, experts predict the completion of a recession in August, with a GDP growth of 3 months will be presumed to 0.9% - a month earlier, a consensus forecast based on expectations of 0.6% growth - and in the 4 th quarter , in the opinion of respondents, changes in GDP by 2%.
Friday morning in the stock area of the Asia-Pacific region are traded mostly in the positive area, futures on major U.S. stock indicators are falling.
Metals Market
Moderately good news on Thursday contributed to the improvement of the background situation in the commodity markets. Improving the prediction of IMF in global economic growth next year and good statistics on the labor market and the U.S. automobile market of China have found a positive response in the hearts of investors, as slabevshy during the day the dollar has added excitement exchange players. As a result, the majority of metals was able to adjust after several days of fall.
In the black day finished copper (3.6%), aluminum (2.3%), lead (0.9%) and zinc (1.5%). Prices for nickel and tin, had joined the correctional growth today. Yesterday, the first lost 0.3% of the cost and the price of second and even collapsed at 5.2%. On Friday morning with nickel and tin vybilis of the leaders of growth, showing growth in value at 1.5% and 0.5% respectively. The remaining metals slowed down growth, adding an average of 0,1-0,3%.
oil market
Yesterday favorable external background information provided support not only the stock and metal sites, but finally allowed to close down the oil market in the black.
neftefyuchers August Brent varieties added for trading day 1.1%, reaching the mark of 61.1 dollars per barrel mark WTI contracts went up by 0.45% and stopped at 60.41 dollars per barrel.
The total demand for petroleum products in the United States grew slightly last week - up to 18.494 million barrels a day - but the rate remains very low for the summer season: the last time this level of consumption in summer was recorded in 2001.
On Friday morning the market value of black gold is stable, oil is traded with virtually no changes to the closure yesterday.
Russian Market
Slowly but surely, the Russian stock market continues its downward movement: Yesterday both the domestic stock indicator once again suffered a symbolic loss. Today is likely to fall further.
In the absence of growth in developing markets, emerging markets funds record regular outflow of funds: according to Emerging Portfolio Fund Research, in the week ended July 8, it reached 1.87 billion dollars in the same time, changes in fund balances, investing in the Russian stock market, surprisingly, it was during this period a positive - possibly, investors expect an upward correction soon.
The Ministry of Commerce will publish the trade balance for May at 16:30. At the same time, the U.S. Department of Labor will promulgate changes in import prices in June. University of Michigan will issue a preliminary value they calculated the index of consumer confidence to the U.S. economy for the month of July in 18:00.
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