Initiate the change of sentiment on the stock pads in the world has become Tony Heyvord, CEO of BP, the first of the oil meydzherov taking the baton stick in the corporate reporting season. In addition to its own financial performance of the company were worse than forecasts, the pessimism in the markets began dominates the market after he said that the restoration of the world economy will be long and tortuous. Further pressure on quotes stepped Records Valero Energy, US Steel, McGraw-Hill, Office Depot, and Viacom, which in varying degrees, did not conform to laid down in the stock price forecasts. In addition, the sharp stock losses were borne by Deutsche bank, have taken a great interest in, and heavy shares of other banks in Europe, since a more detailed consideration of the report, investors focused on the significant growth in bank reserves for bad loans.
started rolling risky positions pushed the euro to the level of 1.43 against the dollar, making it irrelevant scenario repeated testing oil prices of recent highs.
Most American shares finished trading on Tuesday in the negative zone (SP 500 -0.26%). The drop in the index of consumer confidence Conference board more than forecast and a whole series of disappointing quarterly reports from Valero Energy, US Steel, McGraw-Hill, Office Depot and Viacom resulted in a record profit after the rally which is in 10 sessions. From the drop on the day of protected speech chapter FRB of San Francisco Janet Yell, which noted that the economy is showing the first significant signs that the recovery and growth should continue in the second half of this year, as well as the results of the second auction of Treasury to place treasuries at this week. The demand for U.S. debt has been worse than expected, which affected the fall of quotations, and overflows of the released funds to the stock market. On Wednesday, futures on U.S. indices sank in the negative region (SP 500 -0.24%).
In stock bid for Asian dominance is the color red (MSCI Asia pacific -0.6%). Following the stock market to investors from other countries in the region was sobering rally after stormy and there was the desire to record profits, after fears arose that the current quotes too laid prospects for rapid recovery of corporate profits. Added fuel to the fire and makrostatistika - retail sales in Japan were worse than forecasts of experts, which was subsequently partially reverse the improvement in the forecast for the economy the Ministry of Finance the rising sun. Worse than the market itself felt equities of oil and mining companies, which are subject to sales on the background of declining prices for commodities.
In industrial metals decrease in quotations on Wednesday morning continued, oil prices (WTI $ 66.5/barr.) succeed while balancing on the support. However, after connecting the European traders on the background of renewed strengthening dollar and data from the API of the growing stock of black gold to the outcome of last week, the chances for the realization of the negative scenarios grow.
The price index for housing SP /Case-Shiller, the first time since the collapse of the real estate market recorded price increases in monthly terms, I could not restrain the impulse sellers. As in the case of the reaction prior to sverhpolozhitelnye data on sales of new buildings it serves to confirm the desire to correct the July rally. Left an hour later, the data on consumer confidence from the Conference board because of a negative picture of the labor market were worse than the experts, that scenario is ruled out rebound the evening and helped to close the bidding at the minimum points of the day.
The objectives of futures on the RTS index, with its growth - 116 of 000 items
For gold futures on the alleged purpose of sales is located in the region of $ 900-920
In the 1 half of 2009, Veropharm reduced sales of finished products by 14% to $ 74.3 million
Polyus Gold has reduced the production of gold in the I half of 2009 by 14% to 14.9 tonnes
RZD will hold two auctions on sale of 25% of its daughters
Kommersant: Public sector is well preserved
U.S. blamed speculators for inflated oil prices
Tymoshenko hopes that the third tranche of the IMF loan will be in Ukraine until the end of the week
Kommersant: Deutsche Bank is not convinced the market for profit