The reluctance of oil platforms to make another attempt to increase as a deterrent to domestic market

by admin on February 24th, 2010

Stock Market U.S.

Possible weakening of economic incentives from the U.S. Federal Reserve, were the main cause of change in the overall dynamics of the American stock market in the last hour of trading, cutting off, so positive from the financial statements of companies, as well as the index of consumer confidence. Paper JPMorgan Chase Co. lost 2% reduction in becoming leaders of the index of DJIA. Verizon Communications Inc. lost 1.7% of the market value of their shares after the company”s revenue figure fell short of expectations of market participants. Reducing market intensified after the speech Robert Pretchera - head of Elliott Wave International has declared that the market at the moment may be in the beginning of “bear” cycle.

Russia”s stock market

Fatherland stock market, apparently, could not avoid the next stage of decline, despite the favorable macro-economic background in the United States. The reluctance of oil platforms to make another attempt to increase at the moment is a deterrent for the domestic market is able to rely on this factor. Nevertheless, the level at 1380p. on MICEX as short-term support of the market and at the same time position the previous highs of October and November 2009. can act as a temporary stopping point for the players and determine the further course of action.

European stock market

Sales of trucks in Europe fell in 2009 to 32.4 per cent, but slightly 10.6-percent drop in December indicated that the market is stabilizing, said an industry association ACEA. The main manufacturers of trucks, including German companies MAN and Daimler, Swedish Scania and Volvo, as well as the Fiat, suffered greatly during the world economic crisis and have not benefited from recycling schemes to encourage the replacement of drivers of older models of cars to new, environmentally safe. Over 2009 registered small-tonnage trucks fell by 30.3 per cent against 47.9 per cent decline in registrations heavy trucks.

FTSE-100	-69.08	-1.31%
DAX	-69.52	-1.23%
CAC40	-60.3	-1.58%

Asian stock market

Asian markets fall, the eighth consecutive day against the backdrop of the phased introduction of measures by the Chinese for “cooling” the pace of economic growth, as well as the decline in metals prices. MSCI Asia Pacific Index lost 1% in trading in Tokyo, continuing the downward long-running session. Chinese banks have started to restructure existing debt obligations. Fears of economic slowdown have increased after the IMF said that the financial system remains “fragile” was adopted, together with additional risks of sovereign debt market.