Market United States
The mood of investors in the United States deteriorated against the backdrop of the output statistics of the labor market, as well as the negative recommendations on shares of some companies. The price of shares the largest bond insurer MBIA Inc fell by 13% - to $ 5.39. Recommendations for securities of this company have deteriorated to below market from neutral economists JPMorgan, noting the doubts as revenues, as well as its possible losses. Stock Quotes Bank of America Corp. fell by 5% - to $ 15.85. The value of securities Wells Fargo Co. decreased by 6.1% - to $ 26.89, against the backdrop of negative predictions of analysts on the profits of banks.
Recommendations for shares Yum! Brands, the world's largest operator of restaurants, experts have been downgraded UBS AG to neutral from buy. The value of securities companies fell to 3.8% - to $ 35.13.
The results of 450 companies from the SP 500 index, published reports over the past quarter after June 17, exceeded the forecasts of experts at an average of 10%.
According to the United States Department of Labor, labor productivity in the country grew in the second quarter of 2009 to 6,4% in annual terms, that was the highest jump in six years. At the same time reducing labor costs in the last quarter was 5.8%, becoming a record in eight years. It is a serious drop in labor costs, in our opinion a negative factor. Looking at yesterday's data, you can doubt that the situation in the U.S. labor market is beginning to correct.
At the end of trading session of a broad market index SP 500 dropped below 1000 points. If today the U.S. Federal Reserve is not prepodneset no pleasant surprises, the decline may continue.
Oil
On the oil market is also becoming more and more cool. The negative mood on the oil market had sales that gripped financial grounds. The drop was observed in both Europe and the United States. Before the oil brand Brent fell by 1.28%, to $ 72.47 a barrel. Investors are rushing record profits for oil Futures in anticipation of the output data from the U.S. Department of Energy. Analysts expect growth stocks of crude oil by 1.2 million barrels decline in gasoline stocks to 1.7 million
Asia
Asian markets falling in the morning. Following the publication of weak accountability of companies, investors returned to the idea that stocks in Asia-Pacific region too went in the 5-month growth of prices.
largest manufacturer of trucks, pickups in China's Great Wall Motor Co announced a reduction of net profit for the first half by 36%. Leading Australian company housing Stockland has recorded a net loss on the basis of the fiscal year. Composite Stock Index MSCI Asia Pacific region dropped from the opening bid at the 1% - to 111.65 points. Japanese Nikkei fell by 1.2%, Hong Kong Hang Seng - at 1.9%.
Negative factor for the price of black gold is a statement of OPEC to lower oil demand next year
Now the dollar strengthened and investors have come out of the stock and commodity assets, fixing the profit
The interest of market participants to actions Polyus Gold as a protective tool can support quotes
The key to the RTS Index is the level at 940 points, before the index could fall quite quickly
FINAM introduced a new investment strategy
Review of the FOREX market for 11.08.09
If FedRezerv not deliver the words of the expansion program for the purchase of assets, it will continue to support dollar
NBU: The monetary base in July increased by 0.2%, weight - decreased by 0.1%
The bank admitted Rodovid defaulted on bonds of series B and C