Volatility commodity market continues to impress bidders

World stock markets

Almost all released yesterday by the corporate accounting and statistics United States had better expectations of experts, which allowed U.S. stock indexes to show steady growth throughout the trading session without a single attempt correction.

The number of primary applications for U.S. citizens on unemployment benefits last week amounted to 554 thousand, 30 thousand more than the previous figure, but it turned into 3 thousand less than the experts. The principal is a pleasant surprise in the statistics of the labor market was to reduce the accumulated number of applications for benefits. For the week ending July 12, they were recorded 6 225 thousand, which is 88 thousand less than the previous figure and the 165 thousand lower than the projections. , Registered yesterday was a minimum figure since April this year.

Sales of homes on the secondary housing market, the USA, occupying more than 90% of the total market, grew in June at 3.6% compared to May. It increases the third month in succession, giving hope that the worst for the U.S. housing market left behind. Total sales in June were 4.89 million homes in the year calculated as a maximum level since October last year. However, if we compare the results published yesterday, sales of homes with the results of June 2008, they still remain at 0.2% below them. The median price of homes on the secondary market, was last month's $ 181.8 thousand, a 15% lower than prices in June 2008.

In addition to the morale of investors yesterday, supported by corporate reporting companies such as AT T, eBAY, Ford. Their financial results on the basis of 2 quarters exceeded forecasts of experts.

Against this background, the index Dow Jones Industrial Average rose as a result of trades on 23 July at 2.12% - to 9069.29 point, Standard Poor's 500 rose by 2.33% - up to 976.29 point, Nasdaq Composite rose to 2,45% - to 1973.6 points.

On Friday morning futures for America traded in a moderate negative, the new Asian indices.

Metals Market

On Thursday, the London Metal Exchange traders the second consecutive day questioned the validity of further market growth. Prices of metals changes color from green to red and back. But like the previous day, to the closing bid prevailed positive mood. Nickel went up July 23 at 0.9%, copper - at 0.5%, zinc - by 0.8%. Aluminum, lead and tin added to 2.3%, 2.4% and 3.7% of the value respectively.

On Friday morning the London Metal Exchange overtook another wave of fixed income. It is very likely that today it will be more profound than in previous days, and will determine the closing of bidding for the negative territory.

oil market

U.S. WTI and Brent european easily have been 66 $ th box, turned to the June peak.

Volatility commodity market continues to impress bidders. During the first three weeks of July when oil quotes 20% of the fall to levels below $ 60 a barrel, up about 15%, returning closer to $ 70 a barrel. Information preconditions for such a major change as such did not exist. Trigger at falling were negative and the expected data on unemployment in the United States and Europe. The growth is likely to help a favorable trend of stock markets, where indexes break records last fall, as well as systematic weakening of the dollar.

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Analysis - Results of the day
MICEX Index, compared with the value of the close of the previous trading day decreased by 0.548% to 1025.72, paragraph
The index of the Frankfurt Stock Exchange Xetra DAX rose by 11.34 point, the index of the London Stock Exchange FTSE 100 rose 27.91, paragraph
Worse market traded Norilsk nickel and RusGidro, losing 2% and 2.5% respectively
FAS will check the tariff policy of the Russian airlines

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