global equity markets
Last week confirmed the dominance of the markets currently advocates a cautious investment tactics, preferring for the time out of much more expensive over the past year, shares and commodity assets, at least until the world economic outlook has become more defined. Even the paper is very positive statistics in conjunction with encouraging speeches of representatives of the United States authorities were not able to return the market to the path of sustained recovery. The resulting short bursts of buying activity invariably ended with profit-taking and the continuation of the fall.
released on Friday, according to preliminary data, GDP growth in the U.S. 4 th quarter of 2009 surpassed the most optimistic expectations of U.S. experts and was 5,7% (to level 4 quarters of 2008) against the market consensus forecast of 4.8%. Index of personal consumption of citizens for the same period increased by 2% compared with the forecasted 1.8%.
Completion of the trading session on Friday in the United States marked the decline of the major stock indexes on 0,5% -1,5%. At the same time, European platforms, managed against a background of strong output of financial statements and statistic data from the U.S. to stay in positive territory.
The week started a corrective mood of investors commodity and stock markets are likely to continue. At the same time as last week, a series of expected news will be able to interrupt it for a while: in the United States will be published a lot of interesting statistics, foremost among which will be the January statistics on the labor market to spiral on Friday, the Bank of England and the ECB will hold meetings on Thursday, the outcome of which will be voiced interest rates and plans for further monetary policy in the regions.
On Monday, U.S. President Barack Obama will report on the country"s budget for 2011 fiscal year, will be sounded at the same time reducing the prospects of the budget deficit over the next few years.
Metal Market
The metals market as well as on most of the world trading platforms, continues a downward trend. Friday all the major industrial metals on the LME, with the exception of nickel, finished lower cost, thereby reinforcing the negative results of last week.
The day copper has lowered 2,2% of market value - up to $ 6745 per ton, the same number of lost and zinc, stood at $ 2,110. The reduction in tin prices was 2%, this metal is entrenched at around $ 17,200 per ton. Quotes of lead fell by 1,6% - 2025 $. Contracts for aluminum fell 1.4% (2079 $).
In the week leading up to reduce steel futures on zinc, which have lost more than 10% of the cost.
Nickel in contrast to other metals on Friday has risen in price (0,8% - to $ 18500), it helped him stay in positive territory on the results of the week.
On Monday morning prices on the London Metal Exchange are stable, dominated by downward dynamics.
Market Oil
Despite the upward movement of prices in morning trading on Friday, the end of trading last week was marked for the oil market lowered the cost.
The March neftefyuchersy London Brent fell on the last trading day of the week at 0.9% and stood at 71.46 dollars per barrel. The contracts mark WTI have become less cost by 1%, entrenched at the level of 72.89 dollars per barrel.
The reality on the oil market is not encouraging to investors. And although this year marks a particularly cold winter season, demand for petroleum products continues to remain at record low levels. Thus, in the U.S. dc2daily average consumption of oil last week was 18.884 million barrels a day - the last time this level of demand at this time there was more than 7 years ago.
At the beginning of a new week, the situation has not changed, the morning of hydrocarbons are traded with a slight increase in prices.
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather ...
Opening of the American stock indexes are now expected to top
Lose in a price rally metallurgical companies: NLMK (-3.9%), Severstal (-2.9%), MMC Norilsk Nickel (-1.6%)
At 16.00 Moscow time the price index value RGBI was 130.71, compared with the closing of Friday, it rose by 0.031%
Annual general meeting of shareholders "Tatneft" will be held June 25 in Almetyevsk
In 2010, TNK-BP will focus on the Yamal, Uvat and Verkhnechonsk projects
Proceeds of the KLA in 2009 grew 18% to 114 billion rubles
Euro still falling
The newly emerged echoes the tense situation with sovereign debt in the euro area