Thursday, July 29, 2010

European stock markets fell during yesterday's auction

Saturday, June 27, 2009, 16:07
This news item was posted in News International Markets category and has 0 Comments so far.

European stock markets fell during the bidding process. The main loser of the day once again become the financial sector. This time gloomy forecast the International Monetary Fund on losses of banks led to the sale of Irish European securities. In addition, having a lowering of investors advice on a number of shares of financial institutions such as Credit Agricole and the Swiss Life Holding. In addition, the company Cheuvreux reduced its profit forecast of Credit Agricole. Against the backdrop of a fragile optimism these factors have a strong pressure on the mood of the players, who were also upset by the number of data applications for unemployment benefits in the United States, surpassed expectations. These negative developments reinforce fears that the global economy is far from the final out of the crisis.

U.S. stock markets finished Friday assured growth. Weak data from the labor market pushed aside because of the corporate quarterly reports, so Bed Bath Beyond soared up through the higher results than expected. However, the quarterly results of the construction company Lennar again were unprofitable, but smooth out the situation was due to an increase in orders and sales of new homes. Note also that published yesterday by the U.S. GDP data were slightly better predictive value. Strong presentation chapter Fed dispelled doubts about the fairness of the Bank of America and Merrill Lynch, as Ben Bernanke said that Tsetrobanka not put pressure on the parties in the transaction. Another reason for optimism was the decline in yield gosobligatsy because its increase may cause an increase in the cost of credit .. Shares of energy companies also went up because of expensive crude oil. Demand for crude oil jumped after renewed militant attacks on oil pipelines in Nigeria.

Asian Exchange for the most part, remain in positive territory. One of the most important news for the region was the sudden increase of U.S. GDP, which indicates a slight improvement in the global economy. An additional positive development for Asian sites was expensive raw materials.

Oleg Deripaska and a former vice-president of General Motors Bo Andersson visited GAS
FAS Russia recognized branch RZhD violated the requirements of the antimonopoly legislation
Overview of the foreign exchange market 26.06.2009
UNSECOORD notes normalize financial-banking sector
Miller: South Stream in 2015, will provide 35% of gas supplies to Europe
The forecast movement of indices RTS, MICEX and the SP 500, based on an analysis of daily data at the closing session of the previous trading day
The next strong support for shares Polyus Gold is in the vicinity of 1110 rubles
In the coming weeks, strong deviations from the corridor 950-1000 points on the MICEX index is not expected
The Russian stock market will return to the stage of recovery when the MICEX index will frontier 1030 points

You can leave a response, or trackback from your own site.

Leave a Reply