After the collapse of the end of last week the stock market got a temporary respite

By admin at 22 February, 2010, 8:15 am

After the collapse of late last week the stock market got a temporary respite - the world"s major indices were able to complete auction with slight increase, mainly due to increase chances for re-election of heads of the Federal Reserve Ben Bernanke. Nevertheless, in anticipation of the forthcoming meeting of the Fed"s power in the stock markets continues. This morning in Asia sale resumed, leading to a drop in the MSCI Asia Pacific 1.3%, futures for the American indexes have lost about 0,8%. Domestic indices taken yesterday after a pause today, apparently, will continue to fall to support at 1380-1390 forth on MICEX.

Trades in the United States ended weak growth. The Dow rose 0.23% to 10,196.86 subsection, SP - on 0,46% to 1,096.78 p. The growth of stock indices was largely due to increased chances for re-election as head of the Federal Reserve Ben Bernanke, who with the help of the White homes, managed to enlist the support of leaders of the Congress. Thus, the risk that upon expiration (31 January) Bernanke will leave office has decreased and, consequently, decreased the probability of another collapse in the financial markets, which could be triggered by the shock of uncertainty regarding the fate of the monetary policy of the world"s leading economies.

makrostatistika, released yesterday by the U.S. was weak: the sale on the secondary housing market fell by 16,7%, which was the largest landslide in the last 40 years.

This morning in Asia, the fall has increased. MSCI Asia Pacific Index lost 1.3%. The market again was dominated by Chinese theme - do not leave investors fear that government measures to cool China"s overheated sectors of the economy, will hamper its growth, threatening to revive the global economy. In Japan, meanwhile, the decline has intensified amid falling prognosis sovereign rating to negative. The deterioration in economic growth expectations and uncertainty in the markets leads to an outflow of capital from risky assets, stimulating the demand for the protective paper. Against this backdrop, the dollar crept to the line of $ 1.4080 per euro. Oil balances at $ 73 a barrel.

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