World stock markets continue to grow. At the end of the last trading session, major stock indexes in Europe and the United States once again recorded a slight improvement.
Dow Jones Industrial Average gained 0.17%, reaching a value of 9108.51 point, Standard Poor's 500 increased by 0.3% and hold at around 982.18 point, Nasdaq Composite rose 0.1% - up to 1967.89 points.
leaders in paper recovery proved construction companies: podyndeks Standard Poor's 500, in the calculation which includes representatives of the sector shares, added 5.7% per day. Provoked a rise of quotations published in the early trading session of the Ministry of Commerce. Sales of new buildings in the United States in June grew by 11% from the previous month - the maximum increase for the last 8 years - and accounted for 384 thousand homes. The market-consensus forecast of estimated rate of sales of 352 thousand homes.
Tuesday morning in positive territory well established indices of countries in the Asia-Pacific region: supporting the positive mood of investors improved eve Merrill Lynch forecast the dynamics of the economy of China, according to which the growth of Chinese GDP in 2009, 8.7%.
futures on major U.S. stock indexes traded up in the morning in red.
Metals Market
Sustainability optimistic sentiment traders LME in the last days of strikes. Despite the fact that the fundamental data on the commodity markets, coming on the market remained weak, while prices for some metals (copper, nickel, aluminum) reached maximum values in the year, demand is still high.
probably bidders believe in the speedy recovery of the global economy and make a purchase on inertia, continuing otygryvat falling on them last week, optimism, and seek confirmation of its predictions are now going to any positive news, even insignificant. For example, yesterday, an occasion for growth could be found in the statistics on the U.S. housing market, which traders LME, apparently did. We can not, of course, forget the strong support the dollar, falling two weeks in succession, which effectively lowers the price of metals denominated in other currencies.
In any case, the observed rise in the LME is mostly speculative, and therefore, the more the market grows, the more abrupt and could become a deep correction. Indeed, as shown by changes in stocks of metals, surplus in the markets of most of them growing. An exception may be the copper, whose stocks in three major markets where it trades (London, Shanghai and New York COMEX), have tended to moderate reduction: in the last month they dropped to 2.4%, and since the beginning of the year they fell by 3.6%. At the same time copper stockpiles at the LME have fallen since the beginning of the year at 18.4%. The growth of the remaining metals exchange reserves since the beginning of the year is measured by at least double digits: nickel 36.5%, 95.6% aluminum, lead, 111.8%, 42.2% zinc, tin, 133.8%.
While investors manage to ignore these data. Yesterday, the rising cost of most metals exceeded 1%. On Tuesday morning market measure in anticipation of the new signals.
oil market
At the beginning of a new week, the market price of Brent crude oil grades have continued to be held here on Friday above the mark of 70 dollars per barrel, adding to Monday, another 0.7%.
traded on the NYMEX WTI contract has not yet crossed the psychologically important mark, but also continues to upward movement. Yesterday, September neftefyuchersy WTI went up another 0.5%, highlighting the importance of 68.38 dollars per barrel.
Tuesday morning at the market of black gold were attempts to change the motion vector, but then recovered an upward trend. Tonight expect a report on the status of the fuel market inthe United States last week from the American Petroleum Institute (API).
Morning at the market of black gold were attempts to change the vector of movement, but later on an upward trend restored
World stock markets
World stock markets continue to grow. At the end of the last trading session, major stock indexes in Europe and the United States once again recorded a slight improvement.
Dow Jones Industrial Average gained 0.17%, reaching a value of 9108.51 point, Standard Poor's 500 increased by 0.3% and hold at around 982.18 point, Nasdaq Composite rose 0.1% - up to 1967.89 points.
leaders in paper recovery proved construction companies: podyndeks Standard Poor's 500, in the calculation which includes representatives of the sector shares, added 5.7% per day. Provoked a rise of quotations published in the early trading session of the Ministry of Commerce. Sales of new buildings in the United States in June grew by 11% from the previous month - the maximum increase for the last 8 years - and accounted for 384 thousand homes. The market-consensus forecast of estimated rate of sales of 352 thousand homes.
Tuesday morning in positive territory well established indices of countries in the Asia-Pacific region: supporting the positive mood of investors improved eve Merrill Lynch forecast the dynamics of the economy of China, according to which the growth of Chinese GDP in 2009, 8.7%.
futures on major U.S. stock indexes traded up in the morning in red.
Metals Market
Sustainability optimistic sentiment traders LME in the last days of strikes. Despite the fact that the fundamental data on the commodity markets, coming on the market remained weak, while prices for some metals (copper, nickel, aluminum) reached maximum values in the year, demand is still high.
probably bidders believe in the speedy recovery of the global economy and make a purchase on inertia, continuing otygryvat falling on them last week, optimism, and seek confirmation of its predictions are now going to any positive news, even insignificant. For example, yesterday, an occasion for growth could be found in the statistics on the U.S. housing market, which traders LME, apparently did. We can not, of course, forget the strong support the dollar, falling two weeks in succession, which effectively lowers the price of metals denominated in other currencies.
In any case, the observed rise in the LME is mostly speculative, and therefore, the more the market grows, the more abrupt and could become a deep correction. Indeed, as shown by changes in stocks of metals, surplus in the markets of most of them growing. An exception may be the copper, whose stocks in three major markets where it trades (London, Shanghai and New York COMEX), have tended to moderate reduction: in the last month they dropped to 2.4%, and since the beginning of the year they fell by 3.6%. At the same time copper stockpiles at the LME have fallen since the beginning of the year at 18.4%. The growth of the remaining metals exchange reserves since the beginning of the year is measured by at least double digits: nickel 36.5%, 95.6% aluminum, lead, 111.8%, 42.2% zinc, tin, 133.8%.
While investors manage to ignore these data. Yesterday, the rising cost of most metals exceeded 1%. On Tuesday morning market measure in anticipation of the new signals.
oil market
At the beginning of a new week, the market price of Brent crude oil grades have continued to be held here on Friday above the mark of 70 dollars per barrel, adding to Monday, another 0.7%.
traded on the NYMEX WTI contract has not yet crossed the psychologically important mark, but also continues to upward movement. Yesterday, September neftefyuchersy WTI went up another 0.5%, highlighting the importance of 68.38 dollars per barrel.
Tuesday morning at the market of black gold were attempts to change the motion vector, but then recovered an upward trend. Tonight expect a report on the status of the fuel market inthe United States last week from the American Petroleum Institute (API).
Ukrgasbank in no hurry to put out their bonds
Today the Russian market is expected to consolidate around the levels prior to the closing
Following the decision to move to a fixed rate NDPI coal capitalization rates Raspadskiy continued growth
Despite the rather high evaluation market as a whole, a number of small and medium capitalization continues to bargain with a great discount
Kemerovo Azot has launched a new air installation valued at more than 400 million rubles
RusGidro in 1 half of 2009, sent to the reconstruction of the Saratov hydroelectric power station equipment more than 220 million rubles
As the deployment of free treasuries absorb liquidity in global financial markets, the rally in world stock pads gradually deduct up
Do not believe your eyes
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