U.S. likely to withdraw from a sharp recession in the last months of 2009

Europe

European stock markets on Friday broke a four-day series of negative and closed with gains of growth of the banking and mining sectors, secured exceeded analysts' expectations of macroeconomic statistics from the U.S.. Pan-European index of blue chip on the FTSEurofirst 300 rose 1.16 percent to 960.80 points. After the release of data on the employment situation in the United States European indicative index began to retreat from the conquered earlier positions, but then again started to rise, as investors still decided to pay attention primarily on the main index, rather than the unemployment rate has reached in August 9 , 7 per cent. Overall, the U.S. economy lost last month, 216,000 jobs - less than the 225,000 analysts expected. In the banking sector quotes HSBC, Banco Santander and Credit Suisse rose to 2,0-4,3 per cent.

FTSE-100 54.95 1.15%
DAX 83.01 1.57%
CAC40 45.25 1.27 %

Asia

Asian indices show positive dynamics against the background of the agreement of Great Twenty of the continued support of the global financial system. HSBC Holdings Plc - the largest creditor in Europe grew by 1,9% at the auctions in Hong Kong. Toshiba shares climbed 3.9% in Tokyo after the company said that may be used to reduce the number of production facilities to reduce costs. Stock quotes Chartered Semiconductor Manufacturing Ltd. - Back to previous positions after the fall, against the background of information about a possible merger. China Unicom (Hong Kong) Ltd. - Increased by 2.2% after reports about a possible joint project with Telefonica SA.

NIKKEI 225 133.83 1.31%
HANG SENG INDEX 310.69 1.53%
SHANGHAI SE A SHARE INDX 20.50 0.68%
SHANGHAI SE B SHARE INDX 0.90 0.46%
KOSPI INDEX -0.33 -0.02%

U.S.

U.S. likely to withdraw from a sharp recession in the last months of 2009, but further growth could be very slow, said Dallas Fed President Richard Fisher. Fischer said that it was too early to speculate on the timing or rate of oscillation of the key rate. However, as price pressure more inclined towards deflation because of high unemployment and low load capacity in the U.S., inflation is not a problem now, said Fisher. Fed is prepared to change policy when it comes right time, he added. In general, the head of the Dallas Federal Reserve gave a pessimistic outlook, expressing concern about the stability of economic growth in the medium term. The Federal Reserve should hold interest rates too low, when the economy there is a stable recovery, although many wish to do so, said the president of the Federal Reserve Bank of Kansas Thomas Hoenig. According to Hoenig, the largest U.S. banks still do not want to get rid of risky assets on the balance sheet and to attract additional capital as required by the authorities.

DJIA 96.66 1.03%
SP 500 13.16 1.31%
NASDAQ COMPOSITE INDEX 35.58 1.79%
NASDAQ 100 32.09 2.00%


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Index of the Frankfurt Stock Exchange Xetra DAX rose 77.73 points, the index of the London Stock Exchange FTSE 100 rose 132.24 points

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