Dynamics

On Thursday, August 6, at the tender quotes for precious metals have shown downward trends caused by rise in U.S. currency, a significant decrease in the propensity of investors to risk, as well as the intensification of market participants a fixed income.

As a result of trades on the COMEX, division New York commodity exchange (NYMEX) quotes on gold fell by 3.40 to 962.90 dollars per troy ounce, the price of silver declined by 11 cents to 14.64 dollars per ounce.

Causes

On Thursday, August 6, trades in the market of precious metals were divergent. At the start of trading session witnessed an increase, but then was followed by a significant drop. Movement related, mainly from a news background came from the foreign exchange market FOREX. Namely, the decision on interest rates Bank of England and the ECB, as well as further decisions on redemption of securities and corporate bonds. Against this background, the growth index of the dollar went down and the U.S. dollar, thereby putting pressure on the quotation of precious metals. From the news, you can mark messages Mercator Gold plc that it enshrines the right to acquire an exclusive option on the porphyry copper-molybdenum-gold-silver deposit Copper-Flat in the state of New Mexico in the United States. On the field, Copper Flat, located in a mountainous region of Las Enimas, plan to open the development in order to extract and process 6 million short tons of ore and produce 13-20 thousand tons of copper a year. Click to continue »

World stock markets

program cash-for-clunkers proved so popular among Americans, that the authorities decided to allocate the additional $ 2 billion to finance it. On Thursday, the bill was finally approved by the U.S. Congress. Recall that initially on the program was given a total $ 1 billion, which should have been enough, presumably, for a few months of sales. However, citizens of both inspired the idea of receiving subsidies when purchasing a new car to replace the old one, that the allocation of budget funds have been spent in less than a month.

According to data published in Thursday on the labor market, the number of American citizens, first applied for unemployment benefits last week, amounted to 550 thousand compared to 584 thousand, recorded a week earlier. The market-consensus forecast figure of 580 thousand, however, the number of Americans continuing to receive unemployment benefits during the week from 20 to 26 July, by contrast, has increased to over 6.3 million people - a week earlier benefit received slightly less than 6.2 million.

Today, the U.S. Department of Labor has announced the official figures for unemployment in the country in July: Investors fear that the unemployment rate reached a record over the past 26 years, 9,6%.

Major U.S. stock indexes finished the last trading day of losses. Dow Jones Industrial Average fell by 0.27% - to 9256.26 point, Standard Poor's 500 reduced 0.56% - up to 997.08 point, Nasdaq Composite has been less than 1%, stopping at 1973.16 points.

European Central Bank, as well as the Bank of England, took the decision yesterday to leave the level of the base interest rate unchanged - at the level of 1% and 0.5%, respectively. The latter also announced plans to pour in the UK economy 84 billion U.S. Capital grounds in Europe on Thursday, had grown up.

On Friday morning markets in the Asia-Pacific region showing predominantly downward trend. Click to continue »

Europe

European stock markets finished trading on Thursday in the black thanks to a number of encouraging corporate results and macroeconomic data. Pan-European index of blue chip FTSEurofirst 300 rose 0.44 percent to 938.56 points. Since the early years, indicative Europe index has gained 45 percent. Successfully were financial companies: quotations HSBC, Barclays, Lloyds, Royal Bank of Scotland, BNP Paribas and Societe Generale rose to 2,7-12,3 percent. Support for British banks Bank of England has had a decision to increase the asset purchase program.

Asia

Asian markets decline the third session of the four previous publications on the background rate of return were below expectations companies Konica Minolta Holdings Inc. and DBS Group Holdings Ltd. This fact, in turn, renewed concerns about the dynamics of the market dynamics ahead of real economy. Loss of Konica Minolta Holdings Inc. bids amounted to about 10% after a decline in profit in the first quarter reached 98%. DBS - one of the largest banks in Southeast Asia fell by 3% in Hong Kong after the tender statement on the increase in bad loans. Orient Overseas (International) Ltd. - The largest operator of container traffic in Hong Kong lost more than 7% in connection with the publication of loss for the first time in 10 years.

United States

U.S. stocks fell on Thursday, as investors became more cautious in anticipation of the release of important government data on employment in July and recorded profits after the recent rally. The market fell a second day in a row after a four-day recovery, which resulted in the U.S. stock indices reached their highest levels since the autumn of last year. The losses were universal. Reducing the sectors of consumer goods and telecommunications services have put pressure on the SP 500 index. SP Index of consumer goods fell by 0.9 per cent, while the telecom index SP dropped 1.2 percent. Shares Procter Gamble Co cheaper second consecutive day after the company reported a fall in quarterly sales by 11 percent. PG has lost 4.5 percent, providing the most significant negative impact on the index Dow. Another component of Dow - the world's largest equipment manufacturer Cisco Systems Inc - also worsened the mood of the market stating that the talk about restoring premature. After a decline in the morning tender and correct Cisco shares rose by 0.6 percent.

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Prevalence of rehabilitative sentiments - to the world's stock in anticipation of the fundamental areas of Labor Statistics in the United States. Thus, a reduction of the closure of major U.S. indices yesterday (DJI - minus 0.27%, NASDAQ - 0%, S P500 - minus 0.56%), but the lateral dynamics of futures on major U.S. indices today. The absence of express drivers of growth against a background of short-term perekuplennosti led to the divergent dynamics of the most significant actions. After the negative data on the July sales decline were shares leader Procter Gamble (minus 4.5%). Multidirectional dynamics of the shares of major banks. At the end of the day, shares of Citigroup rose by 6.15%, shares of Bank of America - at 0.24%, shares of JPMorgan fell to 2.47%. Stop the growth in world oil prices yesterday, and the impact on the dynamics of the energy sector shares. The index of the largest oil companies fell on the day at 0.7%. Today, the focus of investors will be focused on the U.S. labor statistics. The response to these labor market statistics (very positive on expectations) will establish the direction of movement of the world's major stock and commodity markets. Click to continue »