The meltdown in global stock markets intensified amid rising investor concern with the problems of sovereign debt of European countries

The meltdown in global stock markets intensified amid rising investor concern with the problems of sovereign debt of European countries, as well as the weak statistics on a weekly appeals for Dole in the U.S.. Capital leaves the risky assets, as evidenced by a record outflow of funds from hedzhfondov. After yesterday”s fall to 2,5% today, the MICEX index rollback to local minima of this year at the § 1370, where he found strong support. The reason for the recovery of the stock indices could be statistics on the U.S. labor market, which, according to analysts, must show employment growth in the U.S. economy. Nevertheless, after a short respite, a decline of stock markets could resume, the reason why will be forthcoming deployment of U.S. Treasury securities next week, which with the growing uncertainty in the markets may divert a large part of speculative capital, thereby depriving the capital markets support.

meltdown in stock markets in Europe, caused by the overestimation of risk in sovereign debt of Greece, followed by Portugal and Spain, the predetermined negative opening of trading in the U.S.. “European theme, highlighted the number of events: it”s hard pressure from the European Commission against Greece, and weak demand in the Portuguese Treasury bonds during the last auction, and the expansion of the forecast budget deficit of Spain in the coming years. Furthermore, in an accompanying statement, the ECB head Jean-Claude Trichet, the market saw no confidence in economic recovery: the head of the ECB noted considerable uncertainty about the future economy of the Eurozone.

reduction in the United States intensified after the release of statistics on the primary treatment for unemployment benefits, which last week rose unexpectedly in 8000 at the forecast decline in the 10000, which spoiled the mood of investors on the eve of today”s official statistics on the job market in the U.S. in January.

With such serious problems at the country level, the market ignored a good reporting Cisco, as well as making progress in the dynamics of sales of U.S. retailers. As a result, the Dow fell yesterday to 2.61% to 10,002.18 forth, SP - at 3.11% to 1,063.11 §

This morning decline in the stock markets in Asia continued. MSCI index fell by 2,5%, which was the most serious decline over the past 10 weeks. The collapse in commodity markets, reinforced by the strengthening of the dollar, has led to increased sales in the shares of commodity companies. Leading companies in steel sector, Rio Tinto and BHP Billiton lost 4.7% and 3.5%, respectively. In Japan, against the background of strengthening the yen against the dollar seriously affected shares of exporters - they have fallen by more than 3%.

Serious sales continued in the commodity asset: oil fell by 5% to $ 73.14 a barrel, also suffered a serious decline and quotes the main industrial metals.

Index of the Frankfurt Stock Exchange Xetra DAX fell 1.27% index of the London Stock Exchange FTSE 100 fell by 1.71%
Reduction of today are headed by the action “metallurgists”: “Mechel” (-4,5%), Severstal (-4,1%), oil and gas securities lose about 3%
Trading volume on the MICEX derivatives market at 16:00 Moscow was 2,710,820,000 rubles
The new field in the Irkutsk region and the license to develop it give shares in Rosneft new growth potential
Bank of Russia on 8 and 9 February will hold auctions for the provision of bank loans without collateral
The budgetary problems of European countries have strengthened political blockade is not the first day of corrective dynamics at the metal market
Ready for battle
Non-residents were left in debt
Asian indexes fell on Friday, the fastest pace in 10 weeks

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