At present, the main concerns of investors will be linked to the publication of corporate reporting
By admin at 13 July, 2009, 2:09 pm
On Friday, U.S. indices continued to decline. Dow index has lost 0,45%, SP - 0,4%. One of the factors behind the continued decline in the indices, were quotations of oil, which concerns the fall in world demand, lost a week for about 10%. Additional pressure on the shares of oil company Chevron has provided a forecast of a proposed significant decline in profits compared with the previous quarter. However, the negative effects of reducing oil quotes have been somewhat narrowed the message, the International Energy Agency forecast a slight increase the growth of oil consumption in 2010: from 1.4% to 1.7%.
From the macroeconomic statistics, the focus of investors has been riveted to the data on foreign trade. The trade deficit fell to U.S. 9.8% to a minimum from 1999 levels to $ 26 billion, the expected reduction in the deficit to $ 30 billion Exports grew by 1.6% in May, while imports excluding oil, fell by 0.6 %. However, positive news on the improvement of trade balance of U.S., подпортил index of consumer expectations, fallen to 64.6 from 70.8 para para month earlier.
Today, Asia is still dominated by negative mood. Nikkei index fell by 1.5%, Korean KOSPI - by 2,3%, while MSCI Asia index fell 1.7%, reaching a minimum for the last seven weeks. The reasons for the fall of a few: First, - the growth of political tensions in Japan, and second, the fear of a possible delay in the restoration of the world economy, in particular, due to a decline in consumer sentiment in the United States - the largest market of Asian exporters.
Today, the main concerns of investors will be linked to the publication of corporate reports. At this week's report, virtually all major American companies and banks. Together with important macro, the current week represents a critical value for determining the future direction of the global stock indexes, on the brink of the key in terms of technology levels. The most important publications of this week will be statistics on inflation and promproizvodstvu, data from the real estate market in the United States. It is also worth noting output indexes of production activity and investments in U.S. Treasury securities. In addition to the high concentration makrostatistiki week is also expected reporting of the largest banks and corporations as: JP Morgan, Merrill Lynch, Goldman Sachs, Citi, GE, Bank of America, Intel, etc.
In Asia, the beginning of the week was greeted in the negative tone
FT: Microsoft prepares to compete with Google
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Recommendations on shares of Gazprom, Gazprom Neft, Lukoil, MMC Norilsk Nickel, Rosneft, Sberbank
The closest support level shares Lukoil is in the vicinity of 1280 rubles
This week on the market of non-ferrous metals resumes upward trend
It is likely achieve the level of support for the MICEX index 850 points
Prices EUR /USD move to the level of support 1.3900
Overview of the foreign exchange market 13.07.2009
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