Of the major commodities to maintain positive momentum in Friday morning not only quotations oil
By admin at 3 March, 2010, 7:10 am
global equity markets
the leitmotif of most of January trading on world markets have forced investors to sell commodities and equities is the fear of approaching a period of tightening monetary policy in different regions of the world. Presses on the market and uncertainty about the U.S. administration"s plans for the financial sector.
The last wave of optimism in the stock markets caused by soothing statements by Ben Bernanke and Barack Obama, was only a short-term bounce for corrective market. After one day of growth decline in world equity markets continues.
The last day the U.S. stock indices finished in red. Dow Jones Industrial Average fell by 1,13% - to 10,120.46 points, Standart Poor"s 500 has lowered 1,18% - to 1084.53 points, Nasdaq Composite was lower at 1.91%, standing at 2,179 points.
The main indicators of stock trading platforms of Asia today are losing roughly the same. Futures on America"s shares are listed with a decrease of 0,5%.
In the U.S. yesterday, leaving only the weak statistics. Thus, the increase in volume of orders for durable goods rose in December to just 0.3% against the expected 2%. The number of complaints of American citizens for unemployment insurance for the week ended Jan. 24 amounted to 470 thousand while the market participants predicted value of the index at 450 thousand
Meanwhile, good financial results demonstrate the reports of American corporations. Figures obtained for the previous quarter earnings-reporting companies on the eve of Amazon.com, Procter Gamble, 3M and Microsoft significantly exceeded market forecasts of U.S. experts.
Today in the United States will be published preliminary data on GDP for the 4 quarter. According to forecasts, the quarterly growth in U.S. economy was 4,6%, which is more than 2 times higher than the results of 3 quarters (2.2%). Some experts on the American economy and provide more optimistic forecasts.
Metal Market
This week, the major industrial metals have been active sales. The only metal that has continued to maintain its position remains nickel, yesterday, he also refrained from falling, and even showed moderate growth (0.85%, to $ 18350), the rest metallofyuchersy - collapsed.
main outsider last session on the London Metal Exchange was copper lost 4.6% of market value - up to $ 6898. Just under strong subsidence affected contracts for zinc, aluminum and lead, these metals fell 3.5% (2158 $), 3,3% (2108 $) and 3,2% (2057 $), respectively. The dynamics of the market has demonstrated a better tin, has lost 1.7% of the cost - up to $ 17550.
On Friday morning the market of metals should be of world trade platforms, auctions are held in negative territory.
Market Oil
Of the major commodities to maintain positive momentum in the Friday morning not only quotations of oil, it is true, and it is extremely unconvincing. Care of pair euro /dollar below the 1.4 significantly reduces the likelihood of rebound in the market of "black gold".
Yesterday hydrocarbons completed the symbolic lowering of the cost. Quotes the next contracts for Brent crude fell 0,15% and stopped on the value of 72.13 dollars per barrel. Price neftefyuchersov class WTI remained virtually unchanged, down 0.04% - to 73.64 dollars per barrel.
The next week, according to the survey Bloomberg, most of the oil market participants expect further downward movement.
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Analytics - the outcome of the day
The rebound in Russia contributed to the market expectation of positive data on U.S. GDP, resulting in closed "shorts"
It is likely that further strengthening of the dollar will constrain the growth of equity markets and adversely affect the oil
When oil and the U.S. stock market return in the January highs, we can see the long-awaited 1750 points on the RTS
If the remaining statistic data did not spoil the mood on the markets, you can expect a continuing positive trend until the end of the session
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