Oil prices rising after the major stock sites

Written by admin on July 31st, 2009

Market United States

In the United States trading day was very interesting. There was enough encouraging data on the labor market. Average 4 weeks the number of applications for unemployment benefits fell to 559.00 thousand, compared with a revised value of the previous week at 567.25 thousand markets reacted very positively to the rapidly decreasing number of secondary applications. In this component, which has a positive weekly trend. Additional acceleration market has given a good corporate reporting. Reporting Motorola surpassed analysts' expectations for the effect of streamlining of personnel. Paper campaigns increased by 9.4%. Quotations MasterCard gaining 3% to the good record. Quotations General Electric became the best performing blue chips, adding 6.9%. On the market there were rumors that the campaign can preserve its banking unit. So much reported Dow Chemical.

At the end of the day the market rose by an average of 1%. S P 500 rose 1.19%. DJIA Index Breaks Through regular and established a maximum above 9100 points.

Further dynamics of U.S. stock market will depend on data on GDP for the second quarter, which will be published today. Analysts suggest that this figure will show a decline of 1.5%. Ministry of Commerce will publish preliminary figures for GDP in the second quarter on Friday at 16:30 Moscow time. It should be noted that it is important not only to the value index and its components. It is for a change in the components can be in understanding the dynamics of the U.S. economy.

Oil

Oil prices rising after the major stock sites. During the morning electronic trading, quotes, oil brand Brent managed to gain a higher mark of $ 70 per barrel. In spite of the clearly negative for the oil market statistics for the week ending and proceedingsin the committee on trade in commodities futures, quotes, black gold continues to hold a high enough level. This clearly provides an opportunity to open the Russian market in the black.

Asia

Markets Asia intercepted the baton of growth from its overseas counterparts. On the mood of investors affected by the weakening of the yen against the dollar. Also, players are optimistic about the outcome of tenders received in the United States on Thursday, which culminated in the growth of stock indices. The positive impact on market data provided employment in the United States.

Sony Shares rose by 4.4%. Analysts Nomura Holdings Inc. raised the company's rating to buy. Paper Canon Inc. added 1.8%. Shares Mitsubishi Corp., Trading company, which gets about half its revenue from commodities, rose by 1.4%.

Against the backdrop of growth stoiomsti raw paper went to Rio Tinto 3,1%, BHP Billiton Ltd. at 1,8%, Woodside Petroleum Ltd. at 2.2%.

Annual losses Toyota Motor Corp. may be less than expected at several dozen billion yen because of growing sales of hybrid Prius. Initially, Toyota had expected that the operating losses amounted to 850 billion yen ($ 8.9 billion). At today's auction company's shares added 1%.

Today the Russian equity market driven growth remain neftyanka and banking sector
The first is to pay attention to the dynamics of oil prices - the entire Russian market now is just this
Today is the opening of the RTS index is expected to gepom up to 1,8-2%
As a result of yesterday trading at the market shares of the MICEX Stock Exchange amounted to 112.65 billion rubles
Net profit of INTER RAO UES on RSA for 1 half of 2009 decreased by 29.1% to 389.75 million rubles
The Board of Directors Uralsvyazinform appointed vice-director of the company and elect a new board
Review of the FOREX market for 30.07.09
With the end of a record in terms of placing pressure on liquidity treasuries waning
From 24 to 31 July in the primary market of Kiev real estate prices for one-room apartments remained at 14.4 thousand hryvnia per square. m

 

Leave a Comment