In the near future is expected to continue growth in the major world indices
In spite of good corporate reports, the U.S. stock market in the last day of the week gone collapsed. From a technical point of view, S P500 index went to the level of technical support in the region of 1,090 points, in the case of penetration which, the index can be stated that the U.S. stock market will come from short-term growing trend. Following the Friday session of the leading S P500 index fell to 1,091.76 mark, thereby incurring losses of more than 2,2%.
Fall of American playgrounds triggered further selling this morning, and throughout Asia. Japanese Nikkei225 lost 0.74% today against the backdrop of a weakening yen and rumors that the Central Bank of Japan is ready if necessary to expand the program, emergency loans, the banks and to increase the volume of purchases of government bonds. Korean Kospi fell 0.84%, Australia SP /ASX fell 0.69%. Chinese Shanghai Composite fell 1.09% against the backdrop of the upcoming IPO of one of the country”s largest banks Bank of China.
In the market of raw materials observed a pattern similar to the situation in the stock markets - reduced prices for all commodities. At the opening of Russia”s markets have been weak attempt recovery. Better than the other feels the gold and silver with an increase in the order of 1%. Quotes Brent oil rise this morning to 0.13% and traded at 72.9 dollar per barrel.
from public news reports highlight the Bank for Development and Foreign Economic Affairs (VEB), which reported that he had sold his stake in Sberbank in the amount of 3,17% of share capital purchased in 2008 under the government”s anti-crisis program of support for the stock market . Revenue VEB could take up to 42 billion rubles, wrote on Monday, the newspaper Kommersant. According to our estimates, part of the proceeds from the sale of shares of Sberbank, VEB spent on the purchase of securities of Rusal. Accommodation Rusal is successful, if not rush IPO, that definitely would support Russia”s market.
Ruble opened today”s session a slight decrease in the mark of 30.02 per U.S. dollar and 42.58 per euro. The main currency pair in Forex after Friday”s failure of traded small reduction by 0,1% on the value of 1,415.
external situation although negative, however, the potential decline in our view is very limited. Futures on the S P500 index is already growing at 0.72% and traded at around 1098.87, indicating that the U.S. market rebound from the lower boundary of the growing corridor. All the main technical goal of the correction has already worked out, and we expect verye4bsoon to continue the growth of the major world indices.
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