U.S. stock indexes were able to confidently leave their minimum daily values

By admin at 14 February, 2010, 6:20 am

Stock indices of America closed on Wednesday with losses of more than 1%. Investors are disappointed not only macroeconomic statistics (consumer price inflation in December at 0.2% and decrease the number of new buildings with 574 thousand to 557 thousand), but the corporate reporting of a number of major companies and banks. Nevertheless, the American share indexes were able to confidently leave their minimum daily values and some offsetting fall closer to the end of auction.

today"s trading on Asian markets do not have a single direction: Japanese, Chinese and Korean indexes rise, others fall. In Asia there are now two conflicting trends: while in Japan the demand for bank lending fell the most in more than 5 years, in China the other hand, credit growth in December, showed double-digit growth rates. Apparently, therefore, today released data from China again did not disappoint: the growth of retail sales in December at 17,5% y /y GDP growth in the 4 square. by 10,7% y /- maximum rate of growth of the Chinese economy since 2007.

All of this raises concerns for investors in terms of monetary tightening measures in China because of the acceleration of inflation, which indirectly puts pressure weakening of the euro (EUR /USD 1,41). Investors are waiting for the fear of a possible forced decline in lending in China, which eventually could lead to a slowdown in consumption of oil. Oil prices are sluggish this morning trying to restore their values after yesterday"s decline on expectations of lower oil reserves in the United States. Morning quotes mixture Brent traded near a mark of $ 76.5 per barrel.

After trading in the United States have reported good Starbucks and eBay. This afternoon, waiting for release release from Goldman Sachs and Xerox. And after the session, their records will issue American Express, AMD, and Google. From the statistics should highlight the January data for the euro zone PMI at 12-00 (estimate: 54.4). At the same time leaves the ECB"s monthly report. In the 16-30 waiting for data from the U.S. requests for benefits b /d. 18-00 In a study published the January Philadelphia Fed manufacturing activity (prediction: 18.0) and the December index of leading indicators (forecast: 0.7%). In the 18-30 waiting for publication of data on crude oil EIA.

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