Past trading session on the U.S. stock market concluded the symbolic opposite changes the basic indexes

by admin on March 24th, 2010

World stock markets
past trading session on the U.S. stock market concluded a symbolic opposite changes major indices: Dow Jones fell by 0,26% - to 10,270.55 points, SP 500 shortened 0,55% - to 1097.28 points, Nasdaq Composite rose by 0,04% - to 2190.91 points.

From published yesterday in the U.S. statistics, we note the growth index of business activity in the service sector in January to 50.5 points. He was above the psychologically important level of 50 points, but not so high as had been expected by experts. Given that the U.S. economy is mainly provided by the service sector, the discrepancy in the rate of recovery expectations worsened the mood of bidders. Add to this disappointment by reporting Pfizer, Western Union, Electrolux prompted the closure of major world stock indices in moderately negative zone. Ibid Thursday morning and futures are “on America.”

Venues Asia-Pacific region against the background of news about the fall of retail sales in Australia, and unemployment rising to a maximum of 10 years in New Zealand and rushed down on Thursday.

Today an important event of the day, which will affect the currency, commodity and stock markets, will be meeting of the European Central Bank. Saving the ECB key interest rate at 1% there is no do1000ubt intrigue lies in the comments of Jean-Claude Trichet, on the state of the eurozone economy and projections for its development. Given the serious financial problems in Greece, Spain and Portugal, exciting time for many investors, the European currency may be quite strongly respond to any signals from the ECB, which, in turn, affect the commodity and stock quotes. Decision on the rate in the euro zone will be announced at 15:45 Moscow time.

Metal Market
On the market for basic industrial metals yesterday as well as in most of the world trading floors, dominated by pessimism. By the end of the day was on the edge side of the bears.

Leader of the decline - lead, its price fell on Wednesday on 4,5% - to $ 2,021 per ton. Copper and zinc lost by 3,3% (6590 $) and 3,2% (2092 $), respectively. Contracts for Aluminum cheaper at 1.75% - up to $ 2,083.

only metal, again demonstrated the resistance to the pressure of the market, was nickel, which rose in price yesterday on 0,3% - to $ 18,350.

On Thursday morning on the London Metal Exchange trading is different directions.

oil market
On the oil market after yesterday”s fall of the symbolic value at 0,2-0,3% again today has been a slight correction. Quotations of “black gold” are losing some of 0,4-0,5%, which is likely due to a moderate rise in the dollar that started before and continued into Thursday morning.

Statistics data on stocks of petroleum and petroleum products the United States, published Wednesday night, did not cause bidders no interest, but pay attention to them would be worth. Released yesterday, the report reflects a continuation of the country”s extremely low demand for petroleum products - last week he was only 18.742 million barrels per day, which was 8% lower than the same period in 2009. Demand for distillates, which traditionally is highest in winter, this year 13% lower than in the past. Thus, while many experts say the restoration of the U.S. economy, the oil market of the country shows a total lack of any signs of stabilization in demand.

As for stocks, then it follows from the report of the American Ministry of Energy, they have changed to different directions: storage volumes of crude oil rose for the week by 2.3 million barrels, stocks of gasoline and distillates, in contrast, decreased - on 1,3 and 0.95 million barrels, respectively.

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