Friday, March 12, 2010

On Thursday, the value of all metals traded on the LME, adjusted after a sharp rise the previous day

Friday, July 3, 2009, 18:12
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World stock markets

The last session was rich yield important statistics in the United States. The number of jobs in the U.S. non-farm sector in June unexpectedly dropped sharply - to 467 thousand, while the market participants predicted a decrease of 365 thousand after -345 thousand in May.

However, other statistics on the labor market was more positive: the number of American citizens, first applied for unemployment benefits in the week ending June 28 amounted to 614 thousand people - a week earlier drew 627 thousand people, number of citizens continue to receive benefits, reduced to 6702 thousand people (from 6738 thousand in the last week). The unemployment rate in the country increased to a maximum over the past nearly 26 years and amounted to 9.5% in June. However, all three indicators were better than market expectations.

May orders for durable goods rose by 1.2%, exceeding the market-consensus forecast (0.9%).

The sales of vehicles fell in June to 9.7 million from 9.9 million in May.

In total, out of a block can not be described, the data have been contradictory.

U.S. stock trading platform completed last fall in quotations: Dow Jones Industrial Average lost 2.63%, registered mark, paragraph 8280.74, Standart Poor's 500 reduced 2.91%, and highlighted the importance of item 896.42, Nasdaq Composite was the lower at 2.67% at 1,796.52 and the root item.

The decline of European markets at auction on Thursday was the order of 2.5% -3.8%.

On Friday morning, stock indices across the Asia-Pacific region are also traded in the negative region, futures in America returned to the green zone.

Metals Market

On Thursday, the value of all metals traded onthe LME, adjusted after a sharp rise the previous day. The negative news background and the strengthening dollar to create additional pressure on commodity markets.

As a result, on the basis of bidding on 2 July copper dropped in price by 1%, lead lost 2.2% of the cost, aluminum - 1,4%, prices for zinc and tin also proseli at 1.4%. The minimum bid in the fall on Thursday showed nickel podeshevevshy only 0,3% after growth of 7.3% on the previous day.

On Friday morning at the market of metals not a single distinct trends, the value of metals fluctuate on a small volume of trades.

oil market

Against the backdrop of the regular growth of commercial stocks of distillates and gasoline in the United States for three consecutive trading session, completing the collapse of oil market prices. Yesterday, August Brent contracts cheaper to 3.1% - to 66.65 dollars per barrel, WTI neftefyuchersy class declined in price by 3.7% and settled at around 66.73 dollars per barrel.

On Friday morning, the price of black gold stable. Today, the traditional trades in the NYMEX market will not in connection with the holiday in the United States, committed in an electronic transaction system.

In the next week, according to the expectations of market participants, the cost of hydrocarbons could be reduced - this view holds 49% participating in the traditional survey respondents, and only 10% believed that the oil price increase.

The pressure on the euro remains
Overview of the oil market for 02.07.09
Ministry of Fuel and Energy has refused to count the practice of price corridor for light petroleum products at gas stations
Sweden will lead Europe to rebuild the economy
Analysis - Results of the day
If on Monday the U.S. stock exchanges opened in the negative, the Russian market will be the next Bear Holiday
The Russian market shares allocated IDC, which grow on the news on the transfer of power distribution companies to a single share by 2011
Next week is expected to remain negative sentiment on the stock sites
Rising oil prices in the run next two weeks can be up to $ 75, and by the end of the year - up to $ 100 a barrel

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