U.S. stock indexes fell on Wednesday because of fears that the Fed has practically exhausted the means to stimulate the economy, reports Bloomberg.
Quotations of futures on Thursday morning showing a decrease: the December contract on the SP 500 in 9:16 lost 0,45%, for Dow Jones to 9:12 - to 0,45%.
Federal Open Market Committee Federal Reserve concluded its two-day meeting on September 23, following which left the base interest rate in the target range from zero to 0.25% per annum.
However, the fall, as analysts believe, was prompted by comments contained in the report of the committee, which says that the Fed will continue to apply the wide range of tools to support the economy. In August, in the same document stated that the Fed would use all available tools.
Fed signals, thus, that although they are still tight on the gas pedal, the pedal has not sunk into the floor - says chief investment officer at LPL Financial in Boston Bert White - they do not say that they are going to do everything possible to support economic recovery.
In these reports it had fallen stock quotes, JPMorgan and Citigroup to 3% and 2.8% respectively.
biggest decline in the paper showed finsektore Moody s Corp. - on 8,4%. The fall comes amid discussion finregulyatorami U.S. creating a special state rating agency, which potentially undermines the position of independent rating agencies.
also decline observed in the commodity sector.
price of oil fell by 3.9% in trading in New York after reports that commercial oil reserves in the United States last week rose by 2.85 million barrels (0,86%) - up to 335.608 million barrels . As stated in the weekly report of U.S. Department of Energy, released Wednesday, gasoline inventories climbed 5.41 million barrels (2.6%) and amounted to 213.109 million barrels. Commercial stocks of distillates rose by 2.96 million barrels (1,76%), reaching 170.754 million barrels.
experts expect a decrease in oil reserves at 1.4 million barrels and gasoline stocks increased by 500 thousand barrels, distillates - at 1.45 million barrels.
commodity stronger than others sunk shares Exxon and Chevron - by 1,2% and 1,7% respectively.
In addition, for the first three sessions, fell by copper, resulting in reduced cost of mining companies Newmont Mining Corp. by 3,6% and Freeport-McMoRan Copper Gold Inc. - By 2,8%.
At the same time support the U.S. stock market on Wednesday, also had a positive forecasts General Mills, Ford, Xilinx.
cost of securities
General Mills, produces food products, jumped 4.6%. Quarterly profit excluding non-recurrent expenditure and revenues in the first fiscal quarter was $ 1.28 per share, exceeding the average forecast of experts in the $ 1.03 per share.
General Mills raised its profit forecast for the year to $ 4,4-4,45 per share, compared with a July forecast of $ 4,2-4,25 per share.
The consumer sector is still alive - said the Deputy Chairperson of Silvercrest Asset Management Group in New York, Stanley Nebi. - Many companies are consumer services published a decent performance. impetus for growth in the stock market persists, as corporate records for the third quarter may be more stronger than many expect.
market value of Ford Motor Corp. increased by 5% after the announcement of company management that demand in the domestic market will grow next year.
Shares
Xilinx, one of the largest manufacturers of semiconductors, rose by 4.9% after the company reports that it expects sales growth in this quarter against the backdrop of a strengthening of demand.
Quotations securities AT T increased by 2,4% after CNBC recommendation to buy these shares. CNBC analyst referred to the exclusive agreements AT T and Apple to sell the smartphone iPhone.
Index Dow Jones Industrial Average up to the auction on Wednesday sank to 81.32 points (0.83%) - up to 9,748.55 points.
Standard Poor s 500 fell 10.79 points (1.01%), amounting to 1,060.87 points.
value
Nasdaq Composite Index declined by 14.88 points (0.69%) - up to 2,131.42 points.
On Thursday, oil prices falling
Analytical review of the Forex Market for September 23
Forex Market 24/09/2009
Investors fear that the dollar will lose its role as a major global reserve currency
Higher pricing
AZS - against the state gasoline prices
alleged that it kills their business …
Russia's indexes are adjusted for the negative external background, but the possibility of rebound in the second half of the day is saved
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank and VTB
Conference on-line: The bottom of the crisis passed? View from the Regions
Indices in the U.S. fell on Wednesday because of fears that the Fed has exhausted the means to stimulate the economy
U.S. stock indexes fell on Wednesday because of fears that the Fed has practically exhausted the means to stimulate the economy, reports Bloomberg.
Quotations of futures on Thursday morning showing a decrease: the December contract on the SP 500 in 9:16 lost 0,45%, for Dow Jones to 9:12 - to 0,45%.
Federal Open Market Committee Federal Reserve concluded its two-day meeting on September 23, following which left the base interest rate in the target range from zero to 0.25% per annum.
However, the fall, as analysts believe, was prompted by comments contained in the report of the committee, which says that the Fed will continue to apply the wide range of tools to support the economy. In August, in the same document stated that the Fed would use all available tools.
Fed signals, thus, that although they are still tight on the gas pedal, the pedal has not sunk into the floor - says chief investment officer at LPL Financial in Boston Bert White - they do not say that they are going to do everything possible to support economic recovery.
In these reports it had fallen stock quotes, JPMorgan and Citigroup to 3% and 2.8% respectively.
biggest decline in the paper showed finsektore Moody s Corp. - on 8,4%. The fall comes amid discussion finregulyatorami U.S. creating a special state rating agency, which potentially undermines the position of independent rating agencies.
also decline observed in the commodity sector.
price of oil fell by 3.9% in trading in New York after reports that commercial oil reserves in the United States last week rose by 2.85 million barrels (0,86%) - up to 335.608 million barrels . As stated in the weekly report of U.S. Department of Energy, released Wednesday, gasoline inventories climbed 5.41 million barrels (2.6%) and amounted to 213.109 million barrels. Commercial stocks of distillates rose by 2.96 million barrels (1,76%), reaching 170.754 million barrels.
experts expect a decrease in oil reserves at 1.4 million barrels and gasoline stocks increased by 500 thousand barrels, distillates - at 1.45 million barrels.
commodity stronger than others sunk shares Exxon and Chevron - by 1,2% and 1,7% respectively.
In addition, for the first three sessions, fell by copper, resulting in reduced cost of mining companies Newmont Mining Corp. by 3,6% and Freeport-McMoRan Copper Gold Inc. - By 2,8%.
At the same time support the U.S. stock market on Wednesday, also had a positive forecasts General Mills, Ford, Xilinx.
cost of securities
General Mills, produces food products, jumped 4.6%. Quarterly profit excluding non-recurrent expenditure and revenues in the first fiscal quarter was $ 1.28 per share, exceeding the average forecast of experts in the $ 1.03 per share.
General Mills raised its profit forecast for the year to $ 4,4-4,45 per share, compared with a July forecast of $ 4,2-4,25 per share.
The consumer sector is still alive - said the Deputy Chairperson of Silvercrest Asset Management Group in New York, Stanley Nebi. - Many companies are consumer services published a decent performance. impetus for growth in the stock market persists, as corporate records for the third quarter may be more stronger than many expect.
market value of Ford Motor Corp. increased by 5% after the announcement of company management that demand in the domestic market will grow next year.
Shares
Xilinx, one of the largest manufacturers of semiconductors, rose by 4.9% after the company reports that it expects sales growth in this quarter against the backdrop of a strengthening of demand.
Quotations securities AT T increased by 2,4% after CNBC recommendation to buy these shares. CNBC analyst referred to the exclusive agreements AT T and Apple to sell the smartphone iPhone.
Index Dow Jones Industrial Average up to the auction on Wednesday sank to 81.32 points (0.83%) - up to 9,748.55 points.
Standard Poor s 500 fell 10.79 points (1.01%), amounting to 1,060.87 points.
value
Nasdaq Composite Index declined by 14.88 points (0.69%) - up to 2,131.42 points.
On Thursday, oil prices falling
Analytical review of the Forex Market for September 23
Forex Market 24/09/2009
Investors fear that the dollar will lose its role as a major global reserve currency
Higher pricing
AZS - against the state gasoline prices
alleged that it kills their business …
Russia's indexes are adjusted for the negative external background, but the possibility of rebound in the second half of the day is saved
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank and VTB
Conference on-line: The bottom of the crisis passed? View from the Regions