One of the major events of this week for financial market participants, of course, was the speech on Wednesday, January 27 U.S. President Barack Obama before Congress, where he talked about the current situation in the country, the successes in combating the crisis, the planned steps to ensure sustainable economic growth in the U.S.. The main priority anti-crisis policy was named the fight against unemployment (which caused a storm of applause, as a matter of presentation and without it was not enough). It was proposed to establish without delay a new bill on the workplace. What he will be out of themselves to represent, we have yet to learn, but to assess the situation with unemployment up in 2009 as can be extremely tense right now. And despite the words of Barack Obama”s that the measures taken in 2009, helped save about 2 million, and the end of the year still remain 1.5 million jobs.

If you see a report on unemployment, we can see that the level of unemployment, which is announced publicly - 10% on figures for December, remained unchanged (ie, this figure was described in testimony before Congress, Obama). At the same time, more objective, in our opinion, the score - an indicator U-6 had increased to 17.3%. This figure includes those who are desperate to find work and those who are currently part-time and would like to, but can not find a job on a permanent basis.

can not talk about the resumption of economic growth and overcoming the economic crisis without the growth of jobs and employment among the population. Some improvement in the December we associate only with the season, when those same retailers recruit employees in anticipation of Christmas and New Year sales.

Also, we expect the deterioration of the situation with unemployment up to January. The data that we begin to get evidence that the normalization of the labor market does not occur. Since the primary application for unemployment benefits fell by 8 thousand to 470 thousand, but, nevertheless, turned out to be worse than the expectations of analysts, who believed that happens over a significant drop to 450 thousand.

Regarding the situation in Europe, the situation is no different from thereof in the United States, except for the worse. It should be understood that most of the trends we are seeing in the U.S., with some lag spill over Europe. Therefore, it is not surprising that unemployment in the eurozone reached a record since 1998 - 10%, the worst situation is observed in Latvia and Spain, where unemployment stands at 22.8% and 19.5% - respectively. The unemployment rate for persons younger than 25 years is close to a catastrophic 50%, which threatens a social explosion.

part in this regard, we look forward to further strengthening of the dollar coupled with the euro in the short and medium term to have voiced in previous reviews of 1.37 marks, but in the medium term - 1.2550. We believe that market participants should be more rigorously assess the risks that carries with it a situation of unemployment, because gap that has accumulated due to growth in the virtual economy and the stagnation of real must inevitably decline,b1aand, apparently, it will happen by the fall of the virtual sector.

The rebound, observed in the second half of the week, can be sustainable and will be continued
In 2009, Norilsk Nickel”s nickel production decreased by 6% to 282,9 thousand tons
In 2000-2009 years “Tatneft” saved about 1.6 million tons of fuel with a program of energy saving
“INTER RAO UES and Belenergo signed contracts for the supply and transit of electricity in 2010
In December 2009, the wholesale energy market was bought 90 million MWh of electricity
The technical analysis of currency pairs 29.01.2010
“Communal front” calls on Ukrainians not to pay for not receive their zhilkomuslugi
Britain could re-privatize the nationalized banks
State committee proposes to abolish the legal basis for corporate raids