Forex - in the European session

By admin at 8 March, 2010, 1:15 pm

index of the Frankfurt Stock Exchange Ksetra DAX (Xetra DAX) rose 14.64 points (0.26%) and at the level of 5623.43. Index of the Paris Stock Exchange, BTB 40 (CAC 40) dropped to 2.06 points (-0.06%) and at the level of 3737.40. The March futures on the index S & Pi 500 (SP 500) on Globex (Globex) rose to 6.7 points and is 1077.1. Opening of the American stock indexes are now expected to top.

The euro /dollar rose in European session to 1.3917 level. In the forex market, there is a correction of the course after a noticeable drop in the last week. Supporting the growth rate has an index of business activity in Europe (16). Recall that last night the euro /dollar fell to 1.3851 level, a minimum of 8 July 2009.

Member of the European Commission Almunia said that, despite the fact that Greece plans to reduce the budget deficit the government is sufficiently ambitious, they are achievable.

supported the euro against the dollar has increased rates of precious metals. Australian dollar, after falling to 0.8787 marks adjusted to the level of 0.8839. The market talk tomorrow about the possibility of increasing the basic interest rate in Australia at 0.25%.

This week, investors" attention will be directed to the meetings of central banks in the eurozone, Britain and Australia. An important event called the next day"s speech team member of U.S. President Volcker in the U.S. Senate, during which he will present the management plans to the White House to reform the banks.

on Friday will be published important data review of the labor market in the United States. Expected to increase in the number of jobs.

industrial price index (PPI) in France in December 0.1% for the month, -2.4% for the year (forecast 0.1% for the month, -3.0% for the year, the previous value of 0.2% for the month, -4.5% per year);

index of business activity (PMI index) in Italy in January 51.7 (the previous value of 50.8). The index of business activity (PMI index) in France in January 55.4 (forecast 54.7, the previous value of 54.7).

index of business activity (PMI index) in Germany in January 53.7 (53.4 forecast, the previous value of 52.7). The index of business activity (PMI index) in Europe (16) January 52.4 (52.0 forecast, the previous value of 51.6).

index of business activity (CIPS manufacturing index) in the UK in January 56.7 (54.0 forecast, the previous value of 54.1).

Consumer Credit (Consumer credit) in billions of pounds in the UK in December 0.1 (estimate -0.50, the previous value of -0.38).

Today is scheduled for release the following data:

at 15:00 GMT - an index of business activity of the Institute of Management (ISM index) in the U.S. in January (56.5 forecast, the previous value of 54.9, the revised value of 55.9);

at 15:00 GMT - index of construction costs (Construction spending) in the U.S. in December (-0.3% forecast, the previous value of -0.6 %).

The U.S. economy grew
Bidding on the market place against a background of high volatility, the leaders reduction Rosneft and Gazprom Neft
In the steel sector now dominated by selling on the background of reducing the cost of industrial metals
The market remained "bullish" idea: "Gazprom jumped inside the day up to 2.5% on the results of financial statements for the III quarter 2009
Now on the market, the weak position of Russia in securities NLMK, they look worse than their steel counterparts
In 2009 RusHydro sent 8.5 billion rubles in technical renovation and reconstruction of the generating facilities
In the 4 th quarter of 2009, Mechel cut coal production by 4% to 5.434 million tons
Net profit of Rosneft on US GAAP for 2009 decreased by 36% to $ 6.514 billion
Overview of the market of precious metals for 29.01.10

Categories : Scenario and forecasts


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