In anticipation of today's U.S. GDP data release for the second quarter of 2009 and beginning next week in the U.S. corporate reporting season in the financial markets, perhaps there is a lack of significant investment ideas.

This macroeconomic data, published yesterday, apparently, could not provide an unambiguous effect on the behavior of investors.

indices of consumer confidence and economic climate in the countries of EMC, released yesterday afternoon, in September showed up markers, respectively, 82.8 and -19 Fri with an average forecast is equal to their 82.5 and -21 point and values of these indicators in the previous months is 80,6 and -22 points.

On the other hand, the September index of consumer confidence in the U.S. declined to 53.1 Fri an average analysts expected value of this index is equal to 57 points. The estimate of this indicator in August of this year been revised to increase to 54,5 Fri against 54,5 Fri previously.

Philadelphia Fed President Charles Plosser has said yesterday that the Reserve would require courage to undertake measures curtailing monetary incentive, despite the fact that during the period when it will be, should the U.S. economy, according to the plans Fed, show signs of sustained recovery. According to him, although the current inflation remains very subdued, however, considering, including an extremely soft monetary policy, regulators, there are considerable risks increasing value of pressure in the economy in the medium and long term.

Such rhetoric, on the one hand, traditionally able to alert the players, who fear for speedy completion of the period of macroeconomic monetary incentive from the Fed. However, on the other hand, it should be noted that the first time in quite a long time senior official of Reserve System in his speech just referred to the continuing long-term inflationary threat. Such a statement could help to reduce the interest of the market to high quality assets, at least - in terms of investments made in the investment sector, a relatively long term.

Meanwhile, quotes euro to the dollar, despite rising from the highs, lows reached yesterday, remain below an important resistance level 1.4680 - 00. In terms of immediate prospects this situation as a whole is in favor of maintaining the negative dynamics of the currency pair. It should be noted that the positive correlation between the dynamics of EUR /USD rate and the price segment of the investment trends in risk in recent days shows weakening. Perhaps this development is a consequence of the expected market gain administrative pressure on European banks from the new germanskogo leadership as well as an increase of this background, measures of central financial incentive of credit activity in the European market.

Nevertheless, in the event of increased purchases, particularly in the stock and commodity markets - under the influence, including the upcoming publication of the American corporate statistics - quotes the single European currency to the U.S. dollar seems to still be demonstrated in October of this year new round of increase.

 

 

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