Since the beginning of a new week, the growth in world stock markets resumed. Strong corporate reports stimulate the inflow of capital in risky assets, forcing the players to leave the protective assets. As a result, raw materials and stocks continue to rise, the dollar is weakening, and the yield treasuries - grow, while rates on two-year securities have already reached the 2-year highs.
Corporate reporting has become a major driving factor in U.S. trading. The Dow rose 0.96% to Section 10092, the index SP - on 0,94% to 1,097.91 p. Satisfactory performance on the profits from Caterpillar triggered the explosive growth of quotations in the American market in mid-auction. At Postmarket reported better than expected Apple. According to Thomson Reuters emerging company reports submitted to the SP, exceeding initial expectations, thus allowing the hope for further positive momentum as corporate profits and stock indexes.
another blow to the U.S. dollar, meanwhile struck Fed Chairman Ben Bernanke: more on the weekends, he said that the financial crisis was a signal for global rebalancing. What is a rebalancing He did not elaborate, but many have concluded that we are talking about a potential capacity savings rate borrowing countries (like USA), and vice versa, enhancing cost countries with excess capital (like China). The result are selling the dollar, selling it to a mark of $ 1.4790 per euro.
However, the rebalancing is also in the market expectations on interest rates. Bank of Australia, not so long ago to increase the basic rate, makes quite clear hints at further increase borrowing costs while maintaining the current positive trends in the economy. It is clear that waiting for a series of positive makrostatistiki for several months, the Fed can go tightening of monetary policy. Thus, the flight of capital from the asset protection may be partly due to fears of a collapse in the debt markets, which resulted in bond yields will take to the levels that would take into account both inflation expectations and prospects for raising the base rate by leading central banks. Since early October, ten-year treasuries yield has jumped from 3.15% to about 3,5%. With the end of this rebalancing returns, which could last several more weeks, the stock market is waiting for a significant correction
way or another, but today investors are determined to buy. In Asia, indexes grow, drawing support in the growth of quotations of raw materials, strong accountability Apple and, strangely enough, the prospects for a rate hike in Australia, which, according to investors, reflects the strong economy. Index MSCI Asia Pacific adds 0,9%. Among the sectors is to provide a strong momentum stocks metallurgists and banks.
Since the beginning of a new week, the growth in world stock markets resumed
Since the beginning of a new week, the growth in world stock markets resumed. Strong corporate reports stimulate the inflow of capital in risky assets, forcing the players to leave the protective assets. As a result, raw materials and stocks continue to rise, the dollar is weakening, and the yield treasuries - grow, while rates on two-year securities have already reached the 2-year highs.
Corporate reporting has become a major driving factor in U.S. trading. The Dow rose 0.96% to Section 10092, the index SP - on 0,94% to 1,097.91 p. Satisfactory performance on the profits from Caterpillar triggered the explosive growth of quotations in the American market in mid-auction. At Postmarket reported better than expected Apple. According to Thomson Reuters emerging company reports submitted to the SP, exceeding initial expectations, thus allowing the hope for further positive momentum as corporate profits and stock indexes.
another blow to the U.S. dollar, meanwhile struck Fed Chairman Ben Bernanke: more on the weekends, he said that the financial crisis was a signal for global rebalancing. What is a rebalancing He did not elaborate, but many have concluded that we are talking about a potential capacity savings rate borrowing countries (like USA), and vice versa, enhancing cost countries with excess capital (like China). The result are selling the dollar, selling it to a mark of $ 1.4790 per euro.
However, the rebalancing is also in the market expectations on interest rates. Bank of Australia, not so long ago to increase the basic rate, makes quite clear hints at further increase borrowing costs while maintaining the current positive trends in the economy. It is clear that waiting for a series of positive makrostatistiki for several months, the Fed can go tightening of monetary policy. Thus, the flight of capital from the asset protection may be partly due to fears of a collapse in the debt markets, which resulted in bond yields will take to the levels that would take into account both inflation expectations and prospects for raising the base rate by leading central banks. Since early October, ten-year treasuries yield has jumped from 3.15% to about 3,5%. With the end of this rebalancing returns, which could last several more weeks, the stock market is waiting for a significant correction
way or another, but today investors are determined to buy. In Asia, indexes grow, drawing support in the growth of quotations of raw materials, strong accountability Apple and, strangely enough, the prospects for a rate hike in Australia, which, according to investors, reflects the strong economy. Index MSCI Asia Pacific adds 0,9%. Among the sectors is to provide a strong momentum stocks metallurgists and banks.
Tuesday will give a clear understanding of what the balance of forces bulls and bears in Russia market
From the macroeconomic statistics, the U.S. will determine whether Russia will complete the indexes on the day of the new annual highs
Against the background of the depletion of positive factors should expect high volatility in the stock market
Excess liquidity and prized oil does not give our market to carry out a long-awaited correction
In the short run may be a decrease quotations of Russia's currency to the dollar
Another rate reduction refinancing will result in the continuation of rally in the market of ruble-denominated debt
Prices for industrial metals in London tore up the price of gold rose to $ 1070
Forex Market. 20/10/2009
The State needs a plan