The disappointing results of corporat1000e reporting, as well as the prospects of the Chinese government policy tightening in the lending market, have led to sales in the stock markets. Uncertainty about the outlook for the world economy continues, while the deterioration in economic expectations associated with the prospect of higher costs for borrowing, stimulate demand for quality assets and the dollar, which has strengthened to a record over the last year level of $ 1.407 per euro. At the same time, oil prices, despite rising dollar, is kept at $ 77.5 per barrel mark Brent, which, coupled with emerging in Asia, signs of recovery in the stock market should support domestic indices in the course of today”s trading.
Sales grew over the course of trading in the U.S. against the backdrop of disappointing corporate statistics, as well as the prospects of tighter monetary policy of the Chinese authorities. The Dow lost 1.14% and dropped to Section 10603.15, the index SP - 1,06% and dropped to 1,138.04 p.
The market is undecided and is afraid the tightening of monetary policy authorities, leading world powers, which threatens serious risks reviving the global economy. China, being the engine of this recovery, attracts attention of investors: compression of the credit markets threatens to cooling economy, “Celestial,” which could undermine global growth.
Corporate reports are not added investor optimism. Reports IBM and Morgan Stanley fell short of investors” expectations, although in general, it is worth noting the results of the companies were not so depressing. Equity Bank of America and Wells Fargo, by contrast, grew by publishing the results of its operations for the IV quarter. BOA was able to reduce losses, and Wells Fargo earned 8 cents per share loss at 82 cents per share last year.
Makrostatistika virtually no effect on the course of trading, although it should be noted that data on the real estate market proved to be contradictory: the fall of bookmarks of new homes was offset by growth in building permits issued.
Asian Regional benmark MSCI Asia Pacific today is trading with minimal changes: the weak growth observed in China against the backdrop of a stronger release of statistics on GDP, which is still able to slightly outweigh the negative of the potential tightening of monetary policy, as well as Japan, predominantly for by weakening the yen.
So, today in Asia, investors were mainly focused on the statistics of GDP growth of China, which has accelerated to a maximum of 2007 (10.7%), which, however, accompanied by a significant acceleration of inflation. Moreover, the report showed that China continues to work in warehouses (stocks rose by 68%), which carries a serious threat of overproduction. As a result, the market increasingly paid attention to the prospects of tighter monetary policy in China (including by raising rates) in order to prevent overheating and the formation of bubbles in some sectors, thus threatening the country”s cooling economy and, consequently, could undermine demand for commodity assets procured players in the hope of the rapid growth of China”s GDP.
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