U.S.: White House and the “Chinese syndrome” oppress the market …

Written by admin on February 17th, 2010

 

On Friday, January 22 trades on the American stock exchanges were even in the complete absence of any significant macroeconomic data from the U.S. and globally.

however, has reached a critical mass of information content of the previous days, and generally better than analysts" forecasts, but not with my legs investors surpassed the bar of expectations, corporate accountability have led to rather disappointing results on the U.S. stock exchange platforms.

to the test community to market worries about slowing global economic recovery sparked by a number of decisions in China on the compression of monetary amounts in order to curb the local "economic miracle", on Thursday added to the experience in connection with the proposed Obama plan is very strict regulation of financial institutions, which should help to avoid future crisis shocks, but will inevitably undermine the power and revenue of bank structures. Another novelty, largely due to negative reaction, was the attitude of some members of the Senate, are going to vote against the re-election "unshakable" The Fed head Ben Bernanke for another term.

consequence of the negative perception of all these factors was continued from Wednesday began a sharp decline of all major stock indexes, as well as the prices of commodity raw materials. At the same time as the results of the last day and week the results were worse for a sufficiently long period of time. In particular, the Dow Jones index on Friday fell to a maximum of 30 October magnitude of his loss in the 3-day interval, were greatest in percentage terms since March 2009, and the number of items - from November 2008 defeat in the same week in percentage terms was the largest with March 2009 Statistics for the SP 500 index almost coincided with the previous with a high degree of correlation of dates.

Index Dow Jones industrial average fell 216.90 points or 2.09% to 10172.98 points, loss per week amounted to 4.1%. Index of Standard Poor "s 500 fell 24.72 points, or 2.21%, to close at 1091.76 points, a loss for the week amounted to 3.9%. The Nasdaq Composite Index fell 60.41 points, or 2.67% to a value of 2205.29 points, lowered during the week 3.6%.

Almost all blue chips in the Top-30 suffered losses and finished in the red zone, "the most to the failed result was noted by a leading U.S. company servicing credit card American Express (-8.5%), despite the fairly successful quarterly reporting. Unfavorable assessment of its prospects for the future was made by experts FBR Capital Markets on the basis introduced in the rules governing the credit card changes. Among the few winners on the basis of trades was an industrial giant General Electric (0.6%), received a quarterly profit above analysts" expectations and forecast growth in comparison with the pre-crisis indicators in 2011

Shares largest mortgage agencies Fannie Mae and Freddie Mac, who stood at the origins of the financial crisis and is now patronized by the government, fell respectively by 7.5% and 10.7% after the Chairman of the Finance Committee of the House of Representatives, Barney Frank said that in the near future is likely to be accepted decision on the fate of these companies.

owner of world"s most popular Internet search portal Google retreated by 5.7% due to fall below analysts predicted income levels in the 4 th quarter, as the protracted economic recovery, most companies have not yet come to predict the volume of advertising.

largest U.S. motorcycle manufacturer Harley-Davidson has lost up to 7.8% due to trades incurred for the first time since 1993, the quarterly loss, as in times of crisis, many consumers put off until better times the purchase prestigious models.

Shares of the largest U.S. companies issuing loans for education, one of the world"s largest credit-financial organizations Sallie Mae have fallen by 11.9% due to a decrease of recommendatory evaluation of its shares by analysts at Ladenburg Thalmann.

world"s largest manufacturer of slot machines International Game Technology
gained 2.2% thanks to increasing the rating of its shares to "neutral" to "buy" by Oppenheimer Co.

price of gold futures for February delivery on the basis of trading on the COMEX has fallen to 13.50 dollars, or 1.2% to a value of 1089.70 dollars per troy ounce.

Investment attractiveness of gold as a zone of anti-inflationary investment declined because of concerns about slowing global economic growth as a result of steps taken by China to restrict lending. The Fed64bruary gold futures have fallen in price for the week by 2.4% to its lowest level this year.

price of futures on crude oil Light for delivery in March up to the trading on NYMEX fell by 1.54 dollars or 2% to 74.54 dollars per barrel.

Oil has dropped substantially in value amid fears reducing the demand for the 2 nd largest importer of energy in the world - China, the reduction of consumption by U.S. oil companies to its lowest level since 1989 and a sharp drop in share prices on the U.S. stock markets . As a whole week loss for the March oil futures up 4.7%.

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