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. Read the rest of this entry »

European stock platform finished the day in negative zone. Still dominate markets, the gloomy prospects of Greece and Portugal because of their huge national debt and budget deficit. Information that Greek workers “union intends to hold a general strike because of the authorities” decision to raise the retirement age only exacerbated the situation on the markets. Statistics for the region were mixed, as indices of business activity in the euro area services sector, and Germany have exceeded predictions, but at the same Britain, he was not so impressive. Data on retail sales Erozone up to the month have not changed, but the annualized figure improved. Statistic data from the U.S., where the number of employed fell by less than the expectation value were positive, but leveled its index of business activity in the services sector, which was released not so optimistic as projected. Corporate news also were diverse. Negative predictions are companies who see no prospects for significant improvement in the situation due to weak demand for their products, in particular with the statement made by the appliance manufacturer Electrolux and steelmaker Outokumpu. Read the rest of this entry »

In the markets continue to hear talk that the euro area as a union of states can decay - the fault of large-scale problems in Greece and her companions in misfortune.
There was even an acronym - the country PIGS - this is Portugal, Ireland, Greece, Spain. Their budget deficits exceed the permissible once in the euro area and the state of the labor market in general leaves much to be desired. And although by the Greek authorities continue to sound the assurance of a rapid neutralization of the budget deficit due to all possible actions, skepticism of economists did not subside.

The success of the Greek question not sure, and one of the most influential economists in the world, Professor Nouriel Roubini. According to him, he “has never been configured on the future prospects of the euro zone as pessimistic as it is now.” Roubini stresses that right tomorrow the euro area, of course, does not disintegrate, but here is the likelihood that a single organization is divided into two areas - the center and periphery - large enough. “If Greece does not cope with the trials, it will be a problem for the euro area. But if not withstand Spain - it will have a catastrophe”, - said the professor.

Thus, the problem of Spain is now out on the first line of the front and take her rightful place. What distinguished the country? Record levels of unemployment, and huge problems of national financial institutions. And if Greece, many already buried in absentia and recorded a liability, then the problems of Spanish investors, has not yet been scared and rating agencies have not yet demonstrated their contempt for a public credit rating lowered one after another.

However, in the EU, as elsewhere, there are quieter and far-sighted leaders. EU Commissioner for Monetary Policy Joaquin Almunia in particular, has repeatedly called on players not to be afraid of shadows of Greece and not to make a tantrum in a vacuum. Today the European Commission generally approved the plan by the Greek budget deficit reduction of the country, though with some reservations, but still. According to comments of the European Commission during February, the Minister of Finance will review its recommendations in respect of Greece, and the first record of a country must provide, in March. Read the rest of this entry »

Yesterday, the American site of the second day in a row showed 1% growth, with especially positive news was no support was provided by correction of the dollar, which soared thanks to commodity prices. Today, the markets calm, the dynamics of the neutral European sites, without significant changes in traded futures for U.S. indices. In London, leaders of growth stocks of1000banks and insurance companies, which increased the recommendation from the major investment banks. Standard Life 4.5%, Barclays 2.4%, Lloyds 2.3%.

oil for 2 days soared by more than 5% on the background correction for the pair euro /dollar and positive for the stock markets. According to the American Petroleum Institute API oil per week increased by 4.72 million barrels. up to maximum levels for the month, but the data did not stop the rally in oil quotes. Today, official statistics released by the Ministry of Energy. Spot Brand Brent $ 75.69, WTI $ 77.23.

While the external background remains positive, we can expect attempts to update the maxima, to which the remaining 3%. Read the rest of this entry »

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. Read the rest of this entry »

Index Ksetra the Frankfurt Stock Exchange DAX (Xetra DAX) rose 58.38 points (1.05%) and at the level of 5598.71. Index of the London Stock Exchange Futsi 100 (FTSE 100) rose by 43.93 points (0.85%) and is located at the level of 5189.67. Index of the Paris Stock Exchange, BTB 40 (CAC 40) rose to 41.25 points (1.12%) and at the level of 3730.04. The March futures on the index S & Pi 500 (SP 500) on Globex (Globex) rose by 2.8 points and is 1082.0. Opening of the American stock indexes are now expected to top.

The euro /dollar has stabilized in the European session near the 1.3960 mark. Investors are awaiting today”s publication of important fundamental data in the United States.

pound /dollar fell from 1.6177 to 1.6106 level. The euro /pound rose to 60 points to a mark 0.8627. Read the rest of this entry »

Comments by Fed-up meetings and Barack Obama”s speech brought a revival in the stock markets: state support of small businesses and conservation policy of low rates - “popular” measures, this factor may contribute to stock exchanges and will ignore the negative for some time.

Fed assesses the U.S. economy is not as “weak” but “slowly recovering, although the policy of zero rates will be maintained in the near future, there are already representatives of the committee who favored an early rise. This fact is primarily supported by the U.S. dollar, which during the Asian session was significantly enhanced: the euro /dollar sank to a mark of $ 1,394.

Barack Obama appealed to the Congress of the United States to expand tax breaks and increased government expenditure to sustain economic growth. These ideas were met by the market with inspiration, as well as the fact that Obama did not focus on the reform of the banking system and public health.

After a weak start trading in the U.S. against the backdrop of weak statistics on the housing market, after the presentations in the last two hours of trades made a dash up the market: the index of DJIA up the environment increased by 0,41%, S P500 - on 0,49 %, Nasdaq Comp. Read the rest of this entry »

A single European currency in today”s Asian session, the newly updated the months of lows against the U.S. dollar against the backdrop of yet another wave of talk about an early rate hike in the United States. After two days of meetings of the Committee on Open Market Federal Reserve, as expected, decided to keep the target interest rate for fedfondam in the range of 0-0,25%, with a similar decision was not unanimous. Thus, the president of the Federal Reserve Bank of Kansas City Thomas Hoenig voted against maintaining extremely low rates. In the final communique of the Fed affirmed the intention to turn most of the incentive programs, including for redemption of mortgage bonds and agency bonds, until the end of the first quarter of this year. In early February, the regulator will also close the swap lines with other central banks. Such actions, market participants interpreted as a possible preparation of the Federal Reserve to the more traditional and restrictive monetary regulation aniyu.

As a result, today in the time of quotation main couples market fell below the psychological mark of $ 1.40 per euro. Read the rest of this entry »

America and Europe
Stock indices of the New World ended trading in the range from 0% to -0.4%, the indices of the Old World have increased by an average of 0,5%. In principle, macroeconomic statistics and corporate accountability have increased, but at the same time growing expectations that Ben Bernanke or Barack Obama will say something nasty for the markets, but because buyers are not particularly noticeable. But the main supplier of negatives for the remains China, where financial regulators undertook spanners.

raw materials, currency and so on
Metals in trading in London have fallen in price, gold performs oscillatory motion around the mark of $ 1100, oil prices approached $ 75 below, the index value of the dollar makes regular port call in local maxima, which are the current resistance level.

Statistics and Reporting
Wednesday promises to be exciting and eventful day: in the 14-00 (Moscow time) publishes data on sales in the UK, 18-00 (Moscow time) leave the data on U.S. Read the rest of this entry »

previous session

European indexes finished trading in the negative: the British FTSE100 -0,81%, German DAX -1,12%.

U.S. exchanges closed in positive territory. On Monday came out the following information: the sale of homes on the secondary market in December decreased from 6.54 million to 5.45 million homes (by 16,7%), the analysts predicted decline to 5.90 million this fall proved to be historic in the history of tracking this indicator since 1968. Nevertheless, the U.S. stock market after a three-day fall showed upward momentum after opening the tenders. Throughout the trading session, there was uncertainty regarding the continuation of the rally the players, but the closure was in the green zone. It is worth noting that the paper look better than the market of automotive industry. Read the rest of this entry »