February 28th, 2010
Risk aversion has made the impact of Barack Obama”s speech is very short: after rising on Wednesday, on Thursday European stock exchanges have lost 1,4-1,9%, site of America no less confidently down: DJIA and the SP had lost more than 1%, Nasdaq - almost 2% ,
technology sector was an outsider against the background of published accounts, as well as forecasts for companies which started the year promises to be challenging. Not pleased with yesterday and statistics: the volume of orders for durable goods demand in the U.S. were lower than expected (growth of 0,3% against expectations of an increase of 2%), and the number of initial applications for unemployment benefits totaled 470 thousand (estimated 450 thousand).
In Europe, once again jumped CDS on bonds in Greece, which is a reflection of the high market fears about the future of some euro zone countries. In addition, the rating agency Standard Poor”s announced that the UK banking system is no longer considered one of the most stable and low risk. Yesterday the market rumors that the credit rating of Portugal can also be reduced.
most in this situation wins the U.S. dollar: good corporate reporting, the stabilization in the U.S. economy and the prospect of rate increases, the problems in the euro area and the total withdrawal from the risks - all this makes the “greenback” leader of the demand. At the auction yesterday, the euro /dollar moves toward $ 1.39 per euro, the minimum value in six months.
The growth rate of the dollar puts pressure on oil prices: during the Asian trading session of good data on the volume of industrial production in Japan allowed the quotations of oil rise to above $ 74 a barrel, but from this point the price went down again. Before the opening of trading in Russia, the March contract on WTI crude oil is $ 73.6 per barrel. Ruble on Friday and will continue to decline against the dollar and against the currency basket.
beginning of the day on Russian exchanges will color codes in the “red” color, while the markets are strong corrective mood, decent excuse for a possible change in this trend is not. Today in the afternoon will be published data on the U.S. GDP for the IV quarter, the forecast is very optimistic: according to some estimates, the growth of the economy under the curtain in the United States amounted to more than 5%. How these expectations are too high will show the data in 16.30. Initial market response to falling numbers could be very bright, but it is worth remembering that this is the first reading and further indicators will be reviewed.
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The dynamics of today”s trading on the market of Russia will be determined by changes in the “risk appetite” of Western investors
Possibility of the outcome of further depreciation of the ruble of Russia in the foreign exchange market in the medium term remains
Expected today the first official estimates of GDP growth in the U.S. 4 th quarter of 2009 could radically change the mood in the market
Day of the dynamics of the market RF may stabilize, and any attempt to win back the morning drop
Review of the FOREX market for 28.01.10
Share indexes of the New World fell 1,1-1,9%
Forex Market 29/01/2010
The state budget will save on construction
In Zaporozhye bank executives pocketed 3.5 million hryvnia



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