Oil night greatly reduced failed and remained essentially at the same level
By admin at 26 February, 2010, 9:14 am
On Wednesday, the market is ready for important news in a meeting of the U.S. Federal Reserve, as well as the speech of Barack Obama. The result is a multidirectional vibrations: the fall in the morning, and followed in the afternoon, a marked increase in the closing of short positions. Although the evening sale again occurred after the release of data on sales of new homes in the United States, which fell by 7,6% against the forecast of 3%, and after statistics on reserves of energy, exerted downward pressure on oil prices. (However, oil prices per night and could not be reduced greatly and remained essentially at the same level).
As far as the U.S. Federal Reserve meeting, here the market reaction was neutral, since the Federal Open Market Committee, predictably leaving the federal funds rate in the target range of 0-0,25%, did not allow the final communique of any new hints on the possible tightening of monetary policy. Spirit of comment has been saved in the previous form, and no new disturbing statements have been made, although the Federal Reserve reiterated its decision on closing down in March, the program of quantitative easing. In addition, Barack Obama, speaking later with the address to the nation on the situation of the country "does not become too frightened markets with new taxes on the banking sector, although referred to this issue. In addition, Obama made several statements, declared as "help the middle class" in the form of increased welfare, as well as strengthen and expand social programs, health and pension insurance. Of course, all this will be done at the expense of honest taxpayers and to reduce the budget deficit in this case would be likely to forget. Generally, we fear that such populist actions could lead to big problems in the American economy - but such short-term infusion may increase the purchasing power of American consumers and, consequently, few raise corporate profits. That is, apparently, and like markets in a speech Obama.
Today
The world"s leading markets closed Wednesday diverse directions: German DAX -0,45%, Britain"s FTSE -1,13%, DJIA -0,03%. Asian markets this morning are growing, while Japanese Nikkei225 shows 1,58%. Futures on the S P500 demonstrate change to 0,40.
Pair EUR /USD is in the € /$ 1,4020, and USD /JPY - in $ /#165; 90,35. Gold is worth $ 1.089,12 per troy ounce, silver - $ 16.54 per troy ounce, copper - $ 7,080, and nickel - $ 17,880 per metric ton.
Yields for UST-2 0,92; for UST-10 3,67.
Oil prices over the past 24 hours rose $ 0.80 to $ 72.36 per barrel varieties Brent.
At 13.30 GMT in the United States leaves the index of economic activity of the Federal Reserve of Chicago in December (Chicago Fed Nat Activity Index, forecast -0,40), data on changes in the volume of orders for durable goods for December (Durable Goods Orders, forecast 2 00%), as well as data on the number of initial applications for unemployment benefits per week (Initial Jobless Claims, forecast 450.000).
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