On Monday, August 10, the stock indices of the United States of America by lowering analysts recommendations on a number of corrective actions and general mood after the previous long-building, by mid trading session have shown negative dynamics.

At mid-auction 20:32 PM IST barometer blue chips Dow dropped 0.42% to the value 9 330.33 points, while the more wide SP 500 index weakened to 0.47% and reached 1 005.72 points. The rate is fairly high-tech companies Nasdaq stock reduced to 0.56% to 1 988.99 points.

Quotations medicine manufacturer Eli Lilly fell by 2.92% to $ 33.87 after Goldman Sachs analysts lowered recommendations for actions to assess the sell and also added a list of recommended unequivocally for sale, highlighting common challenges industry associated with obtaining patents for medicines.

The papers of the world's largest online retailer Best Buy rolled down to 4,93% to $ 37.79. Specialists Goldman Sachs lowered the recommendation on shares to assess the neutral.

Quotations timber producers, led by Plum Creek Timber is also weakened their positions after the news of a possible decline in value of production in the coming years by 50%. Click to continue »

World stock markets

statistics published on Friday on the American labor market inspired investors to buy - the main stock indexes in Europe and the United States completed the last trading session of rising prices. Dow Jones Industrial Average rose by 1.23% - to 9370.07 point, Standard Poor's 500 added 1.34% - to 1010.48 point, Nasdaq Composite recorded 1.37%, to 2000.25 points.

The unemployment rate in the United States in July for the first time since April 2008 had fallen - to 9.4% from 9.5% in June, the Labor Department reported the country than pleasantly surprised market participants were awaiting the growth rate.

The number of jobs in the U.S. non-farm sector declined in July to 247 thousand, after the June drop to 467 thousand participants of the market, on average, had expected to reduce 325 thousand In the manufacturing sector jobs has decreased by 52 thousand in contrast, predicted minus 100 thousand a month earlier losses in the sector amounted to 136 thousand jobs.

Tuesday-Wednesday held a regular meeting the U.S. Federal Reserve, which will be decided on the level of the base interest rate for the time being. According to market participants, this time the rate will be maintained at current levels. However, after the post on Friday statdannyh strong labor market expectations of investors regarding the future of a few changed. According to futures quotes, raising the base rate could occur as early as December of this year, up to 1% by May 2010.

Asian sites at the beginning of a new week as the growing steadily, supported the rise of a message from Japan to increase in June at 9.7% (by May), the volume of orders for production equipment. Today begins a two-day meeting of the Bank of Japan, as a result of which will be a key interest rate for the time being. Click to continue »

USD

Friday sprung a surprise. As usual, the record levels of employment for the U.S. only confirmed that predict his or figures, nor the market reaction to it is not possible, so it's best to stick to the tactics of neutrality, by watching all the events. Initially, the dollar was sold against the euro and other more high-yield currencies, but the end of the trading day was marked by a unanimous victory for the American currency. And the most interesting thing is that There is a divergence between the currencies of refuge. At the same time as the USD strengthened yen and franc are seriously affected by thrust-to-risky positions. Thus, we saw the shift of market sentiment: now with positive economic data from the United States there is demand for domestic currency, which can talk, or that the dollar has reached a technical bottom, or that traders actually believe that the restoration of the largest world economy is not far off.

However, we zakradyvayutsya suspicion that what we saw on Friday, may not happen next time. Markets are known for their inconsistency, especially in the current volatile times. Perhaps, the strengthening of the dollar was logical correction after a long drop, the more that the European economy also can not boast of excellent prospects. So, turn to the record. In July, the U.S. economy has become less rapidly lose jobs, but unemployment rate fell for the first time since April 2008 This is could be a sign that severe postwar recession beginning to relax its acumen. The employment rate last month fell to 247 thousand, after losses of $ 443 thousand in June and forecast -325 thousand bid b /d, fell from 9.5% to 9.4%, while expected to increase to 9.6% . There have also been revised to increase the employment rates for June and May, that the economy added 43 thousand jobs. Nevertheless, in general, since the beginning of a recession in December 2007, America has lost nearly 6.7 million jobs, a maximum fall of the Second World War. And not so fully believe the current figures - perhaps it's just statistics or a deliberate distortion of fitting the data from the Obama Administration, which has nothing to boast about, despite the promising rhetoric of the campaign.

Where to look for next week, say so: the most interesting will be meeting at the rate of FOMC, and especially the accompanying statement. A report on the labor market has given hope, and if the same hope will Fedrezerv, markets can indeed change the anger at the mercy and turn to the U.S. person. In addition to meetings, we will see and report on the trade balance and retail sales, CPI and the index and promproizvodstvo. In light of the events of Friday traders will closely monitor all the indicators. It should be noted that this week could put the point over the i and identify trends for the near future.

EUR

euro have gone through aggressive sales immediately after the American record. But not completely skidyvat single currency accounts, especially given the recent surprisingly harsh comments from the head of the ECB Trichet. Economic data also support the optimism: the volume of German exports in June for the first time in 3 years showed an increase that was another step to break the German economy out of recession. Click to continue »

For the first time in many months, strong positive correlation between the dynamics of stock index and the rate of European currencies disrupted. Published on Friday a positive makrostatistika from the U.S. contributed to the growth of stock quotes and, strangely enough, the strengthening of the dollar. According to the Ministry of Labor of the United States, in July the total number of jobs in non-agricultural sectors of the American economy declined only at 247 thousand - with a minimal loss in August 2008, with the consensus-projection assumes a reduction of 275 thousand

directly unemployment rate in July for the first time since April 2008 showed a decline of 10 basis points to 9.4%.

signs of improvement in the American economy have supported the national currency, violating the traditional to the last months of the correlation. Much of this turnaround was driven by new expectations of investors regarding the timing of the completion of the current unprecedented soft monetary policy by Fedrezerva. In particular, the outcome of Friday trades futures contracts on interest rates show that the players already in January, expect the growth rates of the Fed. Click to continue »