Thursday, September 24, the major stock markets of Latin America have completed the session in negative territory. The fears of investors have remained all the same - a more rapid recovery of the Brazilian economy and rising inflation may lead to higher interest rates next year. Fuel to the fire poured a further drop in prices of Commodities, as well as the closure of U.S. indices in the red zone against the backdrop of output statistics on sales of homes on the secondary market worse than expected.

As a result of trading a key index of Brazil Bovespa has decreased on 0,74%, the Mexican Bolsa fell by 1,71%, while Argentina's Merval was easier to 0,87%. Chilean index IGPA and Venezuelan IBC were closed in a slight increase. Losers become Peruvian IGBVL, subtracted from its assets 2,25%.

As a result, reduce the cost Commodities, the world's largest iron ore miner Vale retreated 1.1%, while Brazil's state oil company Petroleo Brasileiro shedding 1.3% of market capitalization.

Not pleased with the participants of the region statistics from the U.S., which showed that sales of homes on the secondary market in August declined from 5.24 million to 5.10 million, against projected to increase to 5.35 million As a result, shares of the largest in Latin America, steel worker Gerdau, receiving about 40% of revenue from activities in North America, fell 2.1%. The leading steel company in Mexico's Industrias CH went to minus on 4,9%.

Significantly affected, such statistics and paper construction companies Latin American region. For example, quotes the Brazilian Rossi Residencial, the third largest residential construction companies, fell by 3%, while shares of Brazil's leading developer Cyrela Brazil Realty Empreendimentos e Participacoes thinner at 2,5%. Papers in Mexico's largest construction company Desarrolladora Homex became easier on 1,9%.

After the Citigroup analysts recommended buying shares of Fomento Economico Mexicano, a leading Latin American producer of soft drinks, his quotes have risen by 3,6%. At the same time, the rating of securities Coca-Colsa Femsa has been lowered from buy to hold and as a consequence, his papers were closed in a minus on 0,5%.

The market value of shares of Chilean pulp producer Empresas increased by 4,1% due to the increasing rate of its securities analysts, Bank of America to buy on the background of a message appears stating that the company plans to acquire a factory in southern Brazil.

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According to information published yesterday, the American regional business climate index calculated by FRB Richmond in September of this year unchanged from the previous month and amounted to 14 pt. with an average forecast of this index is16 points. The July indicator of housing costs in the U.S., according to Federal Reserve Housing Enterprise Oversight has shown an increase of 0,3% (m /m) against its previous value, with a revised decline to 0.1% versus 0.5% previously, and the average forecast equals in this case, also 0,5% (m /m). This information, despite its controversial nature, however, did not influence the general mood of investors world-segment investment in risk.

The market currently seems, is guided in their expectations for more important information. They have a relatively high degree of probability, first of all, we can assume the outcome of the meeting scheduled for today, the Fed, the results of the summit G20, which will be held September 24-25 this year, as well as information on Oct. Click to continue »

 

Friday, September 18, the major stock markets of the Asia-Pacific region have shown mixed dynamics. Closing of the American indexes in negative territory, as well as reducing the prices of Commodities at a background of strengthening the U.S. dollar once again puzzled investors, casting doubt on the prospects for economic growth in the absence of public funding programs. An additional heavy burden for the indices of the region was the collapse of the shares of the Japanese lender Aiful, who intends to request a postponement of the payment of its debt until March next year.

As a result of the auctions the index MSCI Asia Pacific sank 0.4% to 118.36 points, losing yesterday's record of 8 September 2008 position. Japanese index Nikkei 225 has decreased by 0,7%, Chinese CSI 300 has become easier to 3,63%, and the Australian SP/ASX200 left in a minus on 0,46%.

The news of the day within the region to a statement by a Japanese company in consumer lending Aiful that it intends to seek a delay in payment of the debt until March next year due to the fact that the financial crisis has limited the ability to attract additional capital. As a result, the paper Aiful fallen by 27%, but rates of its competitors Takefuji and Orix slipped by 9,5% and 4,3% respectively.

Due to declining prices of Commodities shares the world's leading mining company BHP Billiton fell 2.3%, while China's largest producer of gold and silver bullion Zijin Mining Group lost 4.7% of market capitalization.

Paper developers HK Hang Lung Properties and Sun Hung Kai Properties thinner at 3,9% and 1,5% respectively. Investors fear that the increase in central bank interest rates will reduce the demand for housing.

The market value of shares of Sumitomo Osaka Cement fell 9.6% after the company lowered its forecasts for annual net profit by 75% and also abolished the payment of dividends on the results of the first half.

Paper leading publisher of newspapers in China, Shandong Huatai Paper have left in a minus on 6,2% against the planned sale of shares. Thus, the company plans to attract 1.26 billion yuan ($ 189 million) by selling 100 million of securities.

Meanwhile, quotes, BOC Hong Kong (Holdings) fell by 7,1% due to the fact that its CEO, Mr. He Guangbei sold 623 000 of its own shares.

Analysts Royal Bank of Scotland raised their recommendations on the securities in Australia's largest airline Qantas Airways with a hold to buy. As a result, it quotes rose by 3,7%.

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Wednesday, September 16, the stock markets of Latin America's most advanced, not surprisingly, given the positive news background in Europe and the United States. Of optimism players gave statistics on industrial production in the United States, and data on oil reserves for the past week have provided support for commodity prices. The Brazilian market was closed in positive territory for the third consecutive day.

The key index of Brazil Bovespa has increased by 1,94% to 60 410.66 points, for the first time in 14 months has exceeded 60 000 points. Chilean Ipsa added 1,23%, Argentina's Merval left in plus on 2,42%, and in the Mexican market trading was on the occasion. Indicator Emerging Markets MSCI Emerging Markets added 2.4%.
 

The world's largest meat producer JBS led the growth of blue-chip stocks after the announcement of the acquisition of U.S. company Pride, formerly owned by bankrupt poultry producer Pilgrim, as well as the purchase of the Brazilian company Bertin. JBS shares jumped 8.8% to its highest level since July 2008
 

Leading steel worker Brazil Gerdau and Usinas Siderurgicas de Minas Gerais advanced for the third consecutive day due to the strengthening of metals prices and a favorable statistics on industrial production in the United States.
 

The largest steel producer in Latin America Gerdau left in plus on 3,5%, and the second largest Usiminas rose by 3,9%.
 

Stocks of raw materials for paper manufacturer Aracruz Celulose, the absorbed company Votorantim Celulose Papel, went up by 2%, after analysts Itau Unibanco Holding raised their rating to better market. Votorantim Celulose closed in positive territory at 2.1%. Analysts Itau Unibanco also raised its forecast for the price of wood pulp for the next year from $ 595 to $ 640 per ton and for 2011 from $ 630 to $ 690 per ton.
 

Housing and construction sector continued its growth against the backdrop of speculation that interest rates will remain at low levels for a long time. Such predictions recently expressed analysts Credit Suisse. Shares Rossi Residencial added to the price of 5,3%. At the same wave of optimism increased shares some retailers, in particular, the paper Lojas Renner went up by 2,1%.
 

Shares Cia Brasileira de Meios de Pagamentos jumped 6.6% after reports that the antitrust authorities will allow the company to maintain exclusive rights to conduct transactions on cards Visa.
 

Electricity company Cia. Paranaense de Energia, known as Copel, increased the market value of 2,7% against the background of comments by analysts that the elections in the state of Parana will benefit for Copel.
 

At auctions in Chile led the growth of utility companies. In particular, shares the third-largest power company Colbun went up by 3,5%.

Mexican cement maker Cemex to auction in New York moved to 7,9% in the absence of trading in Mexico itself.
 

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Currency pair EUR /GBP at the end of the second quarter was replaced by anger at the mercy of interrupting a three-month downward movement. Many wondered how stable the new upward movement and what are its prospects in the medium term.

From a technical point of view on the graph the pair attract the attention of 4 resistant line - actually the trend line (labeled brown), as well as two lines, which (as shown price history) course is very inclined to return (indicated by green and orange). We should also mention the purple line, which for years served as a resistance, and then another for almost a year - support.

Given the fact that the target levels specified by us three lines (orange, green and brown) for the next month, is remarkably consistent with the levels offered by the Fibonacci fan, then from a position of technical analysis it makes sense for them to navigate. Ie pessimistic scenario, with support for the corrective course will provide the level of 0,86, and in case of penetration rate is likely to be a long time to consolidate along the purple line support from a mark 0,85.

In an optimistic scenario, which we are more inclined, the immediate aim of growth can provide the level of 0,89, and in the case of penetration of the median line, Fibonacci fan, this top level has a chance to become the new support. Click to continue »

 

Thursday, September 10, share indexes of Latin America are mostly finished day with positive dynamics. Exceptions are indicators of Colombia and Venezuela.

indicator of equity market of Brazil Bovespa has increased by 1,08% to 58 535.79 points after analysts Itau Unibanco raised the forecast economic growth next year from 4,3% to 4,8%. Consumer price index in Brazil for August rose to 0,18% m /m against the expected increase of 0.15%, which, however, was below the previous value of 0.24%.

Brazilian real stronger on 0,65% to 1,822 reais per dollar. A strong currency, analysts said, will allow economic growth does not accelerate inflation in the near future to maintain the key interest rate at a record low 8.75%.

Quotes largest national provider of fixed telephony Tele Norte jumped 4,5% to 32,34 reals. Shares of state petroleum company Petrobras have added 1% to 33,34 reals against the background of strengthening the value of black gold, caused by the statement of the International Energy Agency on the expected growth in demand for the resource.

Papers

aircraft manufacturer Empresa Brasileira de Aeronautica went up by 2,7% to 10,76 reals. Airlines Azul Linhas Aereas Brasileiras, according to one of the news agencies, in 2010 could increase the volume of purchases at Empresa.

Mexican Bolsa by the end of the trading session rose to 0,75% to 29 318.42 points. Peso has appreciated by 0.54% and finished the day at 13.3775 pesos per dollar.

retailer Wal-Mart de Mexico became heavier by 2,4% to 49.07 pesos after the declaration of intention to open a record number of stores in 2009. Quotations of its competitor Controladora Comercial Mexicana, which was unable to pay its debts in October last year, soared 4.9% to 11.85 pesos on expectations of reaching an agreement with international creditors.

Papers

construction firm ICA rose 3.19% to 29.78 pesos. Company representatives said that the ICA in order to release funds for new investment can begin sekritizirovat infrastructure projects.

Values of the basic indexes on closing are resulted in the table:

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Thursday, September 10, the major stock markets of the European region have shown mixed dynamics. It should be noted that the change in the majority of indexes in comparison with yesterday's closing levels were not so high, boosted by a five-day long rally in European markets, as well as the absence of significant news in the region.

Today the Bank of England left a key interest rate unchanged at 0.5%, as analysts expected. In the absence of events of interest to investors, much attention has focused on emerging news within companies.

As a result of trading a key index of the UK FTSE 100 sank 0.33%, French CAC 40 index decreased by 0,05%, while the German DAX closed in positive territory at 0.37%. Regional index Dow Stoxx 600 has become harder to 0,15% and closed at the level of 240.44 points.

Shares of British retailer Home Retail Group abated from its asset 6,73% after it said that gross profit in the division Homebase decrease in the current year to 3,5%.

Third largest in Europe, the electronics retailer Kesa Electricals has lost 5,34% at the auction market capitalization. The company's sales stores open at least a year, fell for three months to end July 31 at 3.9% excluding currency fluctuations. Click to continue »

 

Judging from the dynamics of quotations corporate securities market and trends in the cost of the most marketable commodity futures, the activity of the global financial and investment segment continues to recover.

According to information published yesterday, Beige Book The Fed in 11 of the 12 districts of the U.S. Federal Reserve's economy in the past two months, or stronger or showed signs of stabilization or improvement. Since the beginning of the crisis is the first evidence that review the Fed, indicating significant increase in activity in the economy of America and the possible end of the period of recession.

Apparently, this information is in favor of further development of the process to increase investment in risky assets, which, in the coming months are likely to be affected and the global credit segment.

Given the recent joint statements of the leading countries of the world, announced the continuation of supportive monetary and fiscal policies, as well as taking into account the very relevant for financial institutions the task of rebuilding the capital in an increasingly competitive market in the near future would probably be quite difficult to go against the policies of regulators . Click to continue »

 

currency pair AUD /USD over the past few months, quite confidently takes to new heights, but during yesterday's trading session entrenched above the psychologically important 0.85 mark, and currently is trading at 0.86.

We believe that in future the next few months, there is reason to expect continued upward movement and expect to reach highs of last year.

Intersection

simple moving averages with a sufficiently large time intervals of 50 and 200 occurred in May of this year. Fast Moving crossed the slow upward from the first 3 quarters of 2006, thereby giving the signal for the formation of at least medium-term uptrend quotations (Fig. 1). This pair of quotes is a month which is above the fast moving.

Fig. 1 - Day speaker pair AUD /USD since 2006 and exponential moving averages

 

Source: Reuters

considering other technical indicators for the pair AUD /USD can say that they also indicate a upward trend. Indicator ADX, submitted a day schedule in Fig. 2 shows the intersection of the line DX DX-line upwards, which confirms the upward trend, the very trend line in recent years, after its apparent extinction, indicates a gradual return to upward movement. Click to continue »

 

Friday, September 4, almost all the region's stock markets closed in positive zone. The main positive factors should include the appreciation of oil and metals, and also surpassed analysts' expectations of growth in the August index of business activity in the ISM non-productive sector in the United States from 46,4 to 48,4 points. Negative on the market have brought news of a downgrade of securities the world's largest operator of shopping everyday Seven I Holdings of shares and reduction of Hynix Semiconductor.

Following the auction, the regional index MSCI Asia Pacific rose by 0,1%. Australia SP /ASX 200 added 0.13% of the cost, the Chinese CSI 300 has become harder to 0,82%, and the Indian BSE 30 (Sensex) got stronger on 1,89%. Leader growth was Hong Kong's Hang Seng H-shares, an increase of 2,9%. Not supported by the overall positive dynamics of only the stock markets of Vietnam, South Korea and Japan.

Shares the world's largest operator of shopping everyday Seven I Holdings fell 2.3% after Merrill Lynch analysts lowered the rating of securities companies with buy to neutral. Quotes Dainippon Sumitomo Pharma, yesterday expressed a desire to acquire a controlling stake in U.S. manufacturer of pharmaceuticals Sepracor for $ 2.6 billion, fell by 6,1%. Specialists Merrill Lynch lowered the rating of the shares of the pharmacist with a neutral to worse than the market, referring to the expiry of patents on some drugs Sepracor.

Market capitalization of the second-largest global producer of computer memory card Hynix Semiconductor fell by 5,7%. Daewoo Securities analysts lowered recommendations for securities of companies with buy to hold. In their view, Hynix's stock price at the moment fully reflect the potential improvement of the financial situation of the company.

Gold shares recovered in connection with the rising costs of metal. Thus, the price of futures on gold during trading in New York reached a six-month high of $ 999.50 per ounce against a background of growing demand for precious metals, which customers see as alternative investments in connection with the cheapening of the dollar. Quotes of the largest gold mining company in China, Zijin Mining rose by 3,8%, and the Australian paper Avoca Resources moved to 2,7%.

Quotes of the Japanese Daiwa Securities Group fell by 6,1%, after Sumitomo Mitsui Financial Group announced its intention to close the joint brokerage.

Shares in China's largest producer of lead Henan Yuguang Gold Lead soared 10% against the increased cost of metal is 3,3%. Paper Shenzhen Zhongjin Lingnan Nonfemet weight by at 7,2%.

The market capitalization of China Resources increased by 4,8%. Analysts JPMorgan upgraded the rating of securities companies with neutral to better market, referring to the increase in its profits from the sale of beverages in more than two times. Specialists Nomura also raised their recommendations on shares of China Resources to buy.

Papers of the Australian fund that owns a portfolio of infrastructure assets, Babcock Brown Infrastructure Group have fallen by 22%. According to company representatives, program to sell assets would be insufficient to repay the debt, which expires in 2010.

Values of the basic indexes on closing are resulted in the table:

 

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