Yesterday the U.S. stock market was unusually nervous day. In the early trading session, the indices showed a sharp slump after the publication of unexpectedly weak business activity index of the Midwest (46.1 in fact, the forecast 52 points), plus the overall mood was spoiled weak data on the labor market by ADP (reduction in employment at 254 thousand a forecast of 240 thousand). A wave of fear of the likely bankruptcy of the bank CIT Group broke the quotation of its shares by 45%. Nevertheless, professional market participants at the end of the quarter have decided to ignore all this negative and completed trades near levels of previous day's close, having bought out all day decline.
Whatever it was, but the game in growth can not be infinitely long. The representative of the Federal Reserve, Donald Kohn said today that the Fed may have to stop the incentives of the American economy even before the economy fully recovers. I am afraid that the deprivation of cheap money stock market will not be as strong as this summer. Continuing this theme, the former Fed Chairman Alan Greenspan believes that next year the U.S. economy will slow growth, and rally the stock markets will stop.
Asian stock sites today largely reduced. The August data showed a decline in Japan's retail sales -1.8% y /y against -2.4% in July. Economic Survey of the Central Bank of Japan Tankan, showed that national companies are planning further reductions in investment costs (10,8% in the current year) in response to falling profits.
Oil prices after the publication of data on oil reserves in the U.S., yesterday abruptly went up. Morning quotes mixture Brent traded at $ 68.5 per barrel, almost $ 3 higher than the previous night.
Most investors still believe in the desirability of continuing growth, delaying the start of a full correction
In the growth leaders today were shares of metallurgical and mining companies
Speech of head FRS of Ben Bernanke, which will be held today, could influence the result of the trading day
Speculative recommendation on shares of Polyus Gold , Gazprom, Lukoil, Sberbank and VTB
Today the market of Russia is expected to rebound quotes up in the early trading, followed by countervailing market movement
In the U.S. today comes lot of important statistics, which can reject Russia's indices in the evening to yesterday's closing levels
Ministry of Energy: In December 2009 projected a slight increase in power consumption by 1,3%
Opinion: Privatization procedure gosobektov land can be challenged in the interests of employers, their hiring
Gazprom expects in the medium term, achieve the status of global party of the world LNG market