Central Great Britain and the euro yesterday left its base rate unchanged at 0.5% and 1% per annum respectively. Nevertheless, in general, the results of those meetings are positive in terms of their potential impact on the price segment on the highly risky investments.
The Bank of England yesterday announced the intention to increase its purchase of assets on the open market at 50 billion pounds sterling. This amount is twice the average market expectations.
European Central Bank refrained from any announcement - no new measures of monetary support for investment and financial segment. However, the Chairman JC Trichet stressed again the rigid position of the ECB on the need to accelerate the processes associated with the European banking sector recapitalizations and growth of this base level of borrowing from the real economy. In case of continued stagnation in the credit of the EU in the coming months, the European Central Bank is likely to still need to intensify action on monetary administrative stimulate this market segment. Otherwise, the omission of the European Central Bank may have a negative impact on investor confidence in its policy.
Against this backdrop to the opening session in New York in the global sector investment risk was observed to activate purchases. This trend received support from U.S. data reporting Cisco, as well as the statistics published yesterday by the July American companies-retailers, which, despite a decline in sales volumes, it seems, in general, has not lived up dominating the market of negative expectations.
However, to complete the tender in the black U.S. stock indexes on Thursday failed.
approximation of the profitability of a decade trezheriz to a level of 3.8% per annum in this case proved a deterrent to active investors, it implies improving the medium-term credit risks in the U.S., the world economy.
It should be noted, however, that since mid-June TG, where the rate UST 10 was virtually the same as the level indicator is now SP 500 was able to add 10%. The joint policy of leading the world in recent months, the Central Bank smooths the positive correlation of stock market quotes and indices yield important tools of the debt market, as well as prices. Perhaps a similar situation in these market segments to continue in the coming weeks.
must be pointed out that the growth performance of world stock market capitalization, support this trend on the part of players will increase. Despite the macroeconomic risks, the number of entities interested in such developments, in both the private and, obviously, in the public sector is very high. Economics major countries in the world now desperately needs to increase the liabilities of its leading companies.
In this case, a characteristic to yesterday's statement of Chapter European Central Bank Jean-K.Trishe, who said that the current situation is a prerequisite for further recapitalize the corporate sector, which can be done in two ways: through public and private investment, through the issuance of new shares, selling shares in a business thatwe are seeing at the moment, at the global level, and we would be more than happy if these processes have been held in Europe, more than now.
In this context, of course, drew the attention of yesterday's statement and Chief investment strategist Goldman Sachs J. Cohen on CNBC. According to her, the stock segment of the new bull market began its existence and, perhaps, is what happened in March of this year, by the end of which the value of index Standard Poor s 500 rises to the level of 1050-1100 points.
On Wednesday Goldman Sachs raised its forecast of GDP growth United States in the second half of TG from 1% to 3% year on year, indicating an expected increase in the bank during the period of production companies, including through the rehabilitation of their stocks, significantly reduced during the last quarter.
Despite the possible reduction under the influence of the data published today, the U.S. Labor Department statistics, in the coming weeks quotes EUR /USD, may continue to increase through are still relevant for this currency pair is a positive correlation with the trend of stock prices, commodity markets .
At the same time, considering the continuing relatively significant domestic financial and economic problems of the countries of the euro area, and a possible reaction to this situation by the European governing bodies, said the market dependence in the medium term, it may be weakened, that prejudge the result of a marked devaluation of the currency pair from current levels.
Russian ruble to the USD and bivalyutnoy basket to the outcome of yesterday's session on the MICEX reached 31.21 and 37.48 rubles. against, respectively, 31.20 and 37.36 rubles. at auction on Thursday morning.
Quotations Russian currency on the international FX remained near important resistance levels that, from a technical standpoint, it seems, limits the potential growth in the short term.
In the coming weeks, reducing the relative value of RUB in the world market, may continue even in a further improvement in the financial markets of Russia. Expected in the medium term strengthening of central financial support for domestic consumption and investment in the environment may have a relatively smooth process of improving the performance of external payment Russia will contribute to the development of this trend.
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The course is declining dollar on Friday in anticipation of unemployment in the United States
Shares in the Asia-Pacific desheveyut Friday on fears of excessive growth of quotations
In the case of a negative reaction of investors to the statistics of the United States can be a final turn down the Russian market
Toward the middle of the session, Russian indexes, together with the global markets could turn sluggish in standby
Today, interest in data on unemployment in the United States in July, which is estimated to reach a maximum in the last 26 years
Current price levels in world stock and commodity markets suggest a higher assessment of Russian shares
Today, players can once again try to break the resistance in the region of 1100 points on MICEX
Technically, for the continued growth in the Russian market of the MICEX index needed to gain a point above 1110 points
The level of support today for an urgent appointment at RTS index - 105 of 300 items



