As stated during his presentation at the 6 th annual summit of Yalta (Yalta European Strategy) a well-known billionaire and political activist George Soros, today's global financial system is slow and difficult, but still returns to normal. As one of the factors that can contribute rehabilitation, he called the transition to the cumulative financial behavior. At the same time, the billionaire said that, despite the economic recovery over the next year or two we will see another collapse.
According to the head of the International Monetary Fund Dominique Strauss-Kahn, also took part in the Yalta summit, the global economic crisis could be completed by mid-2010, although the situation in the financial sector is no longer a matter of serious concern. Experts estimate fund a significant role in overcoming crisis phenomena played a timely credit support provided by the IMF in developing countries.
Meanwhile, the gradual restoration of the world economy suggest indicators of world trade. Thus, according to the research center of the Dutch Bureau for Economic Policy Analysis, only the July turnover rose by 3,5% in June - by 1,6%.
Released in the last trading day last week, statistics on the U.S. economy failed to please investors. The volume of orders for durable goods fell last month by 2,4% against the expected market increase by 0,4%. Orders excluding transportation funds during this time have not changed, although U.S. experts predicted growth of 1%. Indicators of sales of new homes in the United States in August amounted to 429 thousand in comparison with the expected 440 thousand
The American share indexes were closed on Friday, a moderate fall in the third consecutive day this morning with futures at them again in the red. Key indicators of stock markets in the Asian region on Monday, losing more than 1%.
Metal Market
On Friday, the major industrial metals traded on the LME with widely differing changes in value.
outsiders began trading contracts on aluminum, falling in price on 1,3% - to $ 1,815 per meter. ton. Last week, the metal has lost more than 5,3% of the cost. Also in the negative region closed futures nickel, subtracted about 1.2% ($ 16,900).
Copper has risen in price on Friday at 0,5% (5990 $), moreover, that the whole past week quotations of the metal is rapidly declining, and reserves increased.
increase the cost of zinc, lead and tin was 0.9% (1880 $) 0,65% (2185 $) and 0,35% ($ 14,425), respectively.
At the beginning of a new week on the London Metal Exchange trades are different direction, a significant decrease noted in the quotations of nickel and copper.
Market Oil
Last week we saw a significant decrease in quotations of oil. Over the past 7 trading days of hydrocarbons lost about 8.5% of market value and slipped below 70 dollars per barrel. The reason for the sales are primarily data on the increase in stocks of raw materials in the United States does not have supported the market and the weak statistics for the U.S. economy.
On Monday, commodity markets are retreating under the pressure of rising dollar. He adds in the morning about 0,6% against the euro. Against this background, oil on Friday to mark the spot, again went down to marks below $ 65 a barrel for Brent crude and below $ 66 a barrel for WTI.
Last week we saw a significant decrease in quotations of oil
global equity markets
As stated during his presentation at the 6 th annual summit of Yalta (Yalta European Strategy) a well-known billionaire and political activist George Soros, today's global financial system is slow and difficult, but still returns to normal. As one of the factors that can contribute rehabilitation, he called the transition to the cumulative financial behavior. At the same time, the billionaire said that, despite the economic recovery over the next year or two we will see another collapse.
According to the head of the International Monetary Fund Dominique Strauss-Kahn, also took part in the Yalta summit, the global economic crisis could be completed by mid-2010, although the situation in the financial sector is no longer a matter of serious concern. Experts estimate fund a significant role in overcoming crisis phenomena played a timely credit support provided by the IMF in developing countries.
Meanwhile, the gradual restoration of the world economy suggest indicators of world trade. Thus, according to the research center of the Dutch Bureau for Economic Policy Analysis, only the July turnover rose by 3,5% in June - by 1,6%.
Released in the last trading day last week, statistics on the U.S. economy failed to please investors. The volume of orders for durable goods fell last month by 2,4% against the expected market increase by 0,4%. Orders excluding transportation funds during this time have not changed, although U.S. experts predicted growth of 1%. Indicators of sales of new homes in the United States in August amounted to 429 thousand in comparison with the expected 440 thousand
The American share indexes were closed on Friday, a moderate fall in the third consecutive day this morning with futures at them again in the red. Key indicators of stock markets in the Asian region on Monday, losing more than 1%.
Metal Market
On Friday, the major industrial metals traded on the LME with widely differing changes in value.
outsiders began trading contracts on aluminum, falling in price on 1,3% - to $ 1,815 per meter. ton. Last week, the metal has lost more than 5,3% of the cost. Also in the negative region closed futures nickel, subtracted about 1.2% ($ 16,900).
Copper has risen in price on Friday at 0,5% (5990 $), moreover, that the whole past week quotations of the metal is rapidly declining, and reserves increased.
increase the cost of zinc, lead and tin was 0.9% (1880 $) 0,65% (2185 $) and 0,35% ($ 14,425), respectively.
At the beginning of a new week on the London Metal Exchange trades are different direction, a significant decrease noted in the quotations of nickel and copper.
Market Oil
Last week we saw a significant decrease in quotations of oil. Over the past 7 trading days of hydrocarbons lost about 8.5% of market value and slipped below 70 dollars per barrel. The reason for the sales are primarily data on the increase in stocks of raw materials in the United States does not have supported the market and the weak statistics for the U.S. economy.
On Monday, commodity markets are retreating under the pressure of rising dollar. He adds in the morning about 0,6% against the euro. Against this background, oil on Friday to mark the spot, again went down to marks below $ 65 a barrel for Brent crude and below $ 66 a barrel for WTI.
Indices in the U.S. fell on Friday on weak data on orders for durable goods
Share prices on Russia's markets are moving in the wind only small players
The engine market shares appear Cberbanka and Rosneft, a good share of energy demand
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Dmitry Medvedev has allowed banks that have violated the norms of the Central Bank, the contributions of physical persons to attract up to 2011
Key event on Friday was passing in the American Pittsburgh final day G20 summit
The leading stock indexes continued to decline
European stock markets fell on Friday
Technical analysis of the currency pair EUR /GBP