Now on the market struggles excessive optimism and local overbought

Western area on Tuesday shut down the growth against the backdrop of positive statistics from the ocean. Thus, the index of consumer confidence in the U.S. economy grew in August for the first time in three months and reached 54.1 points while the expected rise to 47.9 points. Simultaneously, the price index for home SP /Case-Shiller Composite-20 in June fell by 15.44% in forecasting a decrease of 16.3% in annual terms (in May, the index decreased by 17.1%). As a consequence, the European share indexes on Tuesday continued growth of the sixth consecutive day, an increase of 0.4-0.8%. American SP and Dow have worked a little more modest - 0.2% and 0.3% respectively.

price October futures for Brent last night by nearly $ 3, down the corridor $ 71-72 per barrel, where it is in the morning. The reason was an increase in the API report stocks of raw materials in the United States at 4.35 million barrels during the week of 15-21 August. This morning the Asian sites positive dynamics prevails, futures for U.S. indices are also in a slight increase. Against this backdrop, the opening of trading on domestic exchanges will be close to neutral, but continued to predict the dynamics is problematic. Now on the market struggles excessive optimism and local overbought, with the first factor is still winning. It is difficult to say how long this will last, but the date still does not look good for the correction. On Wednesday the U.S. will be released statistics on orders for durable goods and sales data on new buildings. And if the first figure may well be negative, then that's the American housing market in recent spoils investors and is likely to once again support the stock indices.

Better market traded shares of Russia's steel companies: Severstal (2,37%), CMI (0.9%), Mechel (1.3%)
After strong growth in the previous week in the markets, a correction, the value of which is difficult to predict
E-generator has prepared a draft decision to the demographic problem
Euro still been able to consolidate a bit, but so far he has enough strength to break the current region Resistance 1.4320/30
European stock markets have reached up to the auction on Tuesday a peak in October last year
Toyota plans to close one of the assembly plants in Japan in spring 2010
Former head of the NBU Tigipko considers inconsistent policy of NBU on the interbank market
NBU intends to protect the banks from the early withdrawal of funds from time deposits
Shlapak declares its readiness to consider the Cabinet's translation depositors Ukrprombank in Oschadbank



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