Dow Jones (Dow Jones) the New York Stock Exchange rose 9.60 points (0.10%) and is at the level of 9164.06. NASDAQ Index (Nasdaq) fell 4.56 points (-0.23%), and is at the level of 1979.74. Index S & P 500 (SP 500) rose by 0.22 points (0.02%) and is located at 986.97. Yield 30-year U.S. government bond is 4.311 (has fallen over the previous closing on 0.139).

rate euro /dollar has grown rapidly in the U.S. session and reached a level of 1.4276. The growth rate was more than 170 points. In the face of relatively low volume of trading on the last day of the month, the growth of the euro /dollar was strengthened trigger stop-orders for the purchase of euro higher than 1.4150, 1.4200 and 1.4250.

Course dollar /yen has fallen to a mark 94.48. Pressure on the dollar against the yen has had a growing appreciation of the euro /dollar, as well as the index of GDP in the United States. Sam figure out better forecasts, but consumer spending has declined in the second quarter at 1.2%, while in the first quarter saw growth of 0.6%. Recall that consumption expenditures account for more than two-thirds of GDP in the United States.

If data on gross domestic product in the United States have been mixed, the higher value of the index of business activity in Chicago clearly has increased the demand for more risky assets, which led to the growth of the euro, the pound and the risk of such currencies as the Australian, New Zealand and the Canadian Dollar.

support of these tools has also been growth of quotations on commodity markets. Pressure on the dollar has had a statement of the International Monetary Fund that the dollar continues to be somewhat overvalued. Click to continue »

Russian stock market after a significant decline in June, on the basis of the past month has been able to show positive momentum, but still remains among the outsiders among the emerging markets: RTS index for July rose by only 3,1% - to 1017.47 points and MICEX index gained 8.4% - to 1053.3 points.

Russian stock market on the basis of the past month showed one of the worst results among the markets of emerging economies, whose agency Standard Poor s country expects investment indexes SP /IFCI. The growth of the Russian index of 30 July was only 1.3%. Main competitorsfor Russia BRIC feel noticeably better: in particular, the growth of the stock index of Brazil was 8.8%, India - 5.4%, China - 9,5%. Leaders same growth on this time had become Poland (26.1% ), Indonesia (19.4%), Turkey (81,3%) and Czech Republic (16,2%).

As the experts Interfax-CEA, the beginning of July, it was negative for the Russian stock market, which by the end of the first ten months rolled to April levels, losing about 15% of indices due to increased sales in the remaining concerns that the recovery of the world economy will be longer than expected. Moreover, in global markets remained concerns about the financial results of companies that had started to publish their reports in large numbers from mid-month. All this led to the movement of funds from equity investors in the dollar and U.S. treasury bonds. At the same time world oil prices fell to $ 60 per barrel, which also davilo of domestic stock and foreign exchange market, which is highly dependent on the dynamics of the value of black gold.

situation changed early in the second decade of July, when the market became otygryvat loss of the previous period, the positive news from the United States, where falling corporate records for the second quarter were better than expectations, as well as the optimistic statements by monetary authorities, who returned to investors hope for a speedy recovery of world economy. In particular, spoke July 21 in the Senate, the head of the Federal Reserve System (FRS) the USA Ben Bernanke said the economy has shown tentative signs of stabilization, and the current low interest rates will remain a long time.

head of the Fed reported that after the decline in the first half of the economy to grow slightly in the remainder of 2009. The next year is projected gradual recovery, with some acceleration of activity in 2011. Unemployment, according to B. Bernanke, will reach a peak at the end of this year and is expected to decline in 2010-2011, but remain significantly above the levels that the Fed sees as stable, and inflation this year will be lower than in the past years.

Macroeconomic data for the euro area and in the United States also supported the bulls. In particular, the index of confidence in the euro-zone economy and data on unemployment in Germany were better than expectations, weekly data on applications for unemployment benefits in the United States were also predominantly positive. Click to continue »