Start a new trading week on the U.S. stock market was marked by the rise of the major indices

Written by admin on July 14th, 2009

World stock markets

As can be seen from published yesterday by the American Ministry of Finance data, U.S. budget deficit for June was 94.3 billion dollars after the U.S. $ 189.7 billion a month earlier. The June figure was also better than market expectations that were, on average, 97 billion dollars in the same time the beginning of the financial year, the accumulated budget deficit has already exceeded a record $ 1 trillion. U.S. Administration predicts that by the end of the fiscal year, the excess of expenditure over income of the country could be as high as 1.84 trillion. U.S.

Start a new trading week on the U.S. stock market was marked by the rise of the major indices. In the best performing stocks were financial companies, which have helped to support the corporate news and recommendations for improvements to a number of papers by eminent American experts. Financial sector subindex Standart Poor's 500 rose on Monday to 6.5%.

Dow Jones Industrial Average recorded yesterday in the growth of 2,27%, reaching values of 8331.68 point, Standart Poor's 500 added 2.49% - up to 901.05 point, Nasdaq Composite rose 2.12% and stood at mark of 1793.21 points.

Playground Asia-Pacific trading on Tuesday morning in the positive area, podrastaya more than 2%. Chinese stock market supported by strong corporate withdrawn prior reports Haitong Securities Co., Shanxi Guoyang New Energy Co. In Singapore the morning of Tuesday the government has increased the economic outlook: it is estimated that the fall of the country's GDP by the end of the year amount to 4-6% rather than 9%, as expected. Also, the economic forecast is expected from central Japan, a two-day meeting whichstarts today.

futures on major U.S. stock indices as of Tuesday morning in the green.

Metals Market

On Monday, July 13, metals traded on the LME, have demonstrated mixed dynamics. In the black correction after several days of continuous fall day completed the tin and nickel, went up by 2.5% and 1.7% respectively. The stock of each of them declined by 0.3%.

demand enjoyed yesterday and copper, the value of which against a background of general growth of optimism among investors had grown up to 0,8% - to $ 4 895 per tonne.

The remaining metals are joined to recovery today. Yesterday, aluminum, lead and zinc is cheaper at 0.7%, 2.6% and 3.5% respectively. On Tuesday morning expensive metals together at 1-3%.

oil market

The last trading session did not reveal a clear trend of quotations of hydrocarbons, both brands under the influence of competing factors recorded on the day of multidirectional changes.

August neftefyuchers class in the price of Brent increased by 0,3%, reaching a mark of $ 60.69 per barrel, the contract mark WTI, on the contrary, had dropped in price by 0,3% and stopped at the value of 59.69 dollars per barrel .

morning on Tuesday the market value of black gold rises, both the contract adds approximately 0.4%.

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