The weakening yen boosted the popularity of Japanese exporters

by admin on October 13th, 2009

In anticipation of release of corporate reporting on global stock markets remained optimistic. The demand for risky assets diminished somewhat yesterday, which, however, did not prevent the world's leading indices closed growth. Today, Russia's market, judging by the modest growth of futures on the European and U.S. indexes, starting at yesterday's levels. Given the speed with which domestic indexes rushed to update the highs of 2009, we believe that in the coming days, they are still waiting for a correction, however, if the current attitude of the players is unlikely it will be long and, apparently, limited to 2-3%.

American indices, which opened certain growth expectations of positive corporate reports, but at the end of auction looked pretty weak. The weakness of the dollar has made U.S. assets relatively cheaper for global investors, which stimulates the flow of funds into the U.S. stock market, but the situation may change with the turn of the dollar - yesterday, attempts to strengthen the U.S. currency has become the main counterweight growth.

The rise of optimism at the opening of the market in the U.S. largely contributed reporting Royal Philips Electronics, has released during trading in Europe. The market was surprised by conglomerate profit surpassed expectations for the third quarter, which he received not only by reducing costs, but revenue growth. In addition, the support index was a series of upgrades shares of leading investment banks: in particular the papers AMD, Visa and MasterCard. However, yesterday, can not be considered indicative of: the celebration of Columbus Day, markedly reduced the liquidity of the market, but also deprived the market of one of the important indicators - profitability expectations for government securities, trades that were made. As a result, on the basis of trades, the Dow added 0.21% and rose to 9,885.80 forth, SP - 0,44% and rose to 1,076.19 p.

Trades in Asia also are in an optimistic vein. MCSI Asia Pacific Index increased by 0,7%. The weakening yen boosted the popularity of Japanese exporters, while the growth stocks of banks and metallurgists contributed to improving the recommendations brokerage houses. The mining sector also remained in favor with investors because it is at it should go to the main load when leaving the world economy from the peak.

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