The U.S. stock market (SP 500 1.3%) positive attitude remained until the end of the session due to expectations that the Democrats will lose majority in the Senate, and this will lead to inhibition of “unhealthy” health care reform.
However, on Wednesday morning in this positive picture there have been changes. Oil prices (WTI $ 78.2/barr.) Lost almost half of the lessons from local minima advantage over a minimum four-month renovation in the pair EUR /USD (1.4197). Yes, and in futures on U.S. indices (SP -0.29%) and there has been profit-taking. After the auction, IBM has submitted its quarterly report (EPS $ 3.59, revenue $ 27.23), above market expectations (EPS $ 3.47, revenue $ 26.96), which, however, is not spared its share of profit taking. Influenced and deterioration in trading in Asia (Shanghai composite -2.35%, hang Seng -1.97%, Nikkei 225 -0.25%), where resistance in anticipation of tomorrow”s publication of strong macroeconomic performance in China, have undermined the new initiatives there the bank regulators. In the fight with a probable overheating of the economy today, it was decided to limit the pace of issuing new loans in 2010, the ceiling of 7.5 trillion. yuan. On the negative mood of market participants adjust expectations and less impressive compared to the previous month, data on the U.S. housing market in 16-30: the number of building permits issued and the volume of new homes bookmarks. At the same time will come and the index of production prices. Also attention of market participants will be given otchetnostyakh Wells Fargo and Morgan Stanley, which is expected to be published in 16-00.
Look at today”s market
The U.S. stock market (SP 500 1.3%) positive attitude remained until the end of the session due to expectations that the Democrats will lose majority in the Senate, and this will lead to inhibition of “unhealthy” health care reform.
However, on Wednesday morning in this positive picture there have been changes. Oil prices (WTI $ 78.2/barr.) Lost almost half of the lessons from local minima advantage over a minimum four-month renovation in the pair EUR /USD (1.4197). Yes, and in futures on U.S. indices (SP -0.29%) and there has been profit-taking. After the auction, IBM has submitted its quarterly report (EPS $ 3.59, revenue $ 27.23), above market expectations (EPS $ 3.47, revenue $ 26.96), which, however, is not spared its share of profit taking. Influenced and deterioration in trading in Asia (Shanghai composite -2.35%, hang Seng -1.97%, Nikkei 225 -0.25%), where resistance in anticipation of tomorrow”s publication of strong macroeconomic performance in China, have undermined the new initiatives there the bank regulators. In the fight with a probable overheating of the economy today, it was decided to limit the pace of issuing new loans in 2010, the ceiling of 7.5 trillion. yuan. On the negative mood of market participants adjust expectations and less impressive compared to the previous month, data on the U.S. housing market in 16-30: the number of building permits issued and the volume of new homes bookmarks. At the same time will come and the index of production prices. Also attention of market participants will be given otchetnostyakh Wells Fargo and Morgan Stanley, which is expected to be published in 16-00.
By noon, the RTS index managed to move in the positive region in spite of the negative dynamics of European stock exchanges
Conference on-line: “Debt market: purification of the crisis is over?”
Recommendations on RTS Index futures on Wednesday
During the day, a few bursts of volatility is expected to publish data on unemployment in Britain and the producer price index in the U.S.
In leaders “bear” the dynamics of today was a series of papers metallurgical and mining sectors
In 2009, sales of mobile phones in Russia fell by 27%
MSCI Asia Pacific Index decreased 0.4% today
The head of the Bank of England calls for the metamorphosis G20
In the case of good reporting U.S. banks Russia indexes may well set a new local maximum