Sentimentality aside, you can say that the markets are now a lot of cheap money

U.S. Stocks rose again on Thursday. The index aims to complete the SP is already the fifth week of recovery. During a strong growing trend, investors always prefer to turn a blind eye to clear the negative and focus only on the positive. So it was yesterday. Dismal performance of retail sales and bad data from the labor market have been ignored, on the contrary profit Wal-Mart Stores and the reduction of business inventories in the U.S. in June, were taken by the stock exchange bulls.

aside sentimentality can be said that the exchanges are a lot of cheap money. They warm themselves and then share prices and raise commodity prices. Credit spreads narrowed to levels that have been bankrupt Lehman Brothers, as an indicator of volatility (VIX) is traded on the levels of mid-September last year. Following this logic, S P500 index could rise to levels of previous bankruptcy of Lehman - it is 1200 points, that is still up about 15% from current levels.

Today's trading in Asia do not have a single dynamic movement of stock indices. Most of the stock indexes traded in the black, while indexes in Shanghai again, investors are concerned by its 2.5% fall. The pair euro /dollar this morning reached a maximum of $ 1.4304, and then revert to a level of 1.4260. Market participants continue to otygryvat the idea of a weak dollar, resulting in a permanent demand for raw materials in product markets. Against this backdrop, prices of Brent crude oil show a surprising stability, selling a little below the $ 74/barr.

Shares MMK, Severstal and TMK morning rose to 3.43%, 2.53% and 9.87% respectively
The external environment has not yet contributed to the development of rehabilitative sentiments in the Russian market
In the context of the hybrid dynamics of world stock indices today may be fluctuations in the RTS index in the side band
Recommendations for actions VolgaTelecom and futures on RTS index
Comstar UTS built mainstreaming support ring transport networks in the Moscow region valued at more than 111 million rubles
Overview of the oil market for 13.08.09
7 to 14 August in the primary market of Kiev real estate prices for one-room apartments increased by 0.4%
National Bank of Ukraine approved the methodical recommendations on how to conduct stress testing at banks
The bankruptcy of natural persons - the borrower, or As for the 6000 U.S. could lose the apartment, but did not get rid of credit

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