Figures for the U.S. labor market may revive the market, if you still will be good

Hope for recovery of the labor market in the U.S., fueled by the market all week, evaporated in an instant, and how the markets reacted violently even at the monthly and weekly figures on employment, spoke about how all set to correction, as it is natural and needed. Concerns about the huge debt of some European countries “hang” over the market for a long time, different views, and bursts of information on this topic excite the market that month, this is the cause of global, fundamental and is one of the reasons for the correction since the beginning of the year and1000creates a general negative background. The head of the ECB yesterday in his speech on the results of the meeting said the uncertainty about the prospects for the euro area, budgetary problems of Greece, Portugal and Spain, which threatens the stability of the entire EU.

Following the presentation by Jean-Claude Trichet, the euro fell to a mark of $ 1,371, CDS Portugal has soared to 227. n. (145 bp from the beginning of the year), and Spain up to 170 bp Greek five-year CDS has risen by 28 bps reached 417 bp Escape from risk reduction has affected the yield 10-year U.S. Treasury bonds for 1 day at 10 bp up to 3,6%.

In the United States poured oil on the fire figures for the number of requests for unemployment insurance in the United States last week, which were above expectations: 480 thousand instead of 455 thousand Recall that the market is hoping for growth in the number of jobs in the U.S. in January that can show the current data, the first positive value of more than 2 years, and now on the market, few expected such statistics.

Index Dow Jones Industrial Average fell on the results of the auctions on 2,61%, SP 500 - on 3,11%, Nasdaq Comp. - On 2,99%. Trades in Asia on Friday morning held in the negative zone, on average, losing 2.5%.

Oil prices on Thursday have fallen by 5% to above $ 73 a barrel (mark WTI), the growth of the dollar and falling commodity prices made the paper the mining and energy companies outsiders of the day.

Russia market will continue to decline in early trading on Friday, the ruble will lose against the dollar and against the currency basket. Figures for the U.S. labor market may revive the market, if you still will be good, however, the problems of the euro area there is no solution - this means the continuation of the correction and a strong dollar.

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Forex - results of the day
The forecasts of analysts: At the opening of Russia”s market will not be able to avoid a collapse of the indices
During the day the Russian market is expected negative dynamics on the full range of shares on the background of speculative sales
In the future, the MICEX index may go below 1,365 points, after which the guide will be the mark of 1300 points
The Russian market will again follow the dynamics of quotations of oil futures and the U.S.

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