global equity markets
On Thursday, Federal Reserve Chairman B. Bernanke reiterated voiced at the September meeting of the Federal Open Market Committee intention to keep interest rates low, thus making clear in the further policy of U.S. Bank. During his speech at a conference in Washington, he said: Given the amount of excess reserves in the economy, low inflation, we believe that the situation would justify the maintenance of an enabling policy for a long time. At the same time, he noted that at some point consolidates its recovery, and will need to tighten monetary policy to prevent the problem of inflation in the future.
Meanwhile, U.S. experts do not expect a quick and swift economic recovery. According to an opinion poll The Wall Street Journal, the majority of respondents agree that in the fourth quarter U.S. GDP will grow by 2,5% in the first half of next year's growth will amount to 2,6-2,8%. Reduce unemployment survey participants are not expected until February, when it reaches 10.2% from the current 9.8%, and the end of 2010, she, according to the forecast, it will not fall below 9,4%.
The main indexes of U.S. stock market finished the last trading in the positive area. Provoked rise good statistic data on the labor market and retail sales in the United States.
The number of primary messages of American citizens for unemployment insurance fell for the week ended October 4, to 521 thousand to 551 thousand a week earlier. The consensus forecast of 540 thousand applications.
Sales of retail stores serving more than a year, rose in September for the first time in 13 months. According to Thomson Reuters, the increase was 0,6%, according to research company Retail Metrics, growth was significant - 1,1%.
also substantial support to the market has a strong record company Alcoa, suddenly got up to the third-quarter net profit of $ 77 million, or 8 cents per share. Market participants had expected a net loss of 9 cents per share.
On Friday morning the Asian indices added more than 1%, futures on America traded neutral.
Metal Market
last session on the London Metal Exchange ended the absolute victory of bulls. Quite unexpected was the dynamics of contracts for zinc, whose value soared yesterday on 7,6% and reached 2,084 dollars per meter. ton.
truly came in the price of futures on the lead, rising by 6% - up to $ 2,285, and nickel, adding 4.5% - up to $ 19495. Copper and aluminum have become more cost on 3,9% (6330 $) and 3,6% (1910 $), respectively. The increase in tin prices was 1,8%, the metal on the LME recorded the $ 14,945 mark.
The falling dollar has led to what investors are looking more robust assets to invest and have shifted, especially in precious metals - and already 5 consecutive trading days of soaring gold prices.
On Friday morning all, without exception, the major industrial metals are traded in the red.
Market Oil
After the subsidence of the commodity market trading on Wednesday, due to the increase in commercial gasoline stocks (680 thousand barrels) and spirits (2.94 million barrels) in the U.S. last week, on Thursday the price of black gold rehabilitated .
The November neftefyuchersy London Brent prices increased by 3,8%, reaching a value of 69.77 dollars per barrel mark WTI contracts soared to a mark of 71.69 dollars per barrel, adding a little more than 3% of market value.
On the morning of crude oil lost about0.5%. However, it should not greatly disappoint investors. Quotations remain above $ 69 a barrel for Brent, reduction is small and is within the correction on the background of temporary strengthening U.S. currency.
While market participants are moving up the European currency, the probability of growth of other currencies, commodity markets and shares retained
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