Financial News and Economical Crisis

On Wednesday, January 27, the main American stock market indices in the first half of the trades have shown negative dynamics. Thus, indicators of the Dow and SP 500 fell nearly 0.5% and the Nasdaq index in the first half of the auction managed to lose no more than 0,15% due to good reporting by GileadSciences and Yahoo. The main pressure on the market have had a drop in sales of new housing, as well as expectations of the results of a two-day meeting of the Fed, which will be known at 22:15 Moscow Time, and the forthcoming President”s speech of Barack Obama.

Sales of new homes in December fell from 355 thousand to 342 thousand, while analysts predicted a rise to 370 thousand in 2009 the sales volume of new buildings on the market decreased by 23% and reached a record low since 1963.

According to the Energy Information Administration (EIA), oil reserves in the past week fell by 3.9 million barrels to 326.7 million barrels. Analysts expect an increase in reserves at 1.4 million barrels. Gasoline inventories for the period rose by 2 million barrels, while distillate stocks rose 0.4 million barrels.

By 20:55 Moscow Time barometer of blue chips, the Dow fell to 0,464% to a value of 10 146.98 points, a “broad” SP 500 index fell by 0,347% and achieved a mark 1 088.38 points. Rate with a large proportion of the shares of high-tech companies Nasdaq has lowered the values of 0,133% to 2 200.79 points.

Caterpillar shares have fallen to 7,02%. The world”s largest producer of bulldozers and excavators reported a profit for the fourth quarter that exceeded analysts” expectations. Nevertheless, according to the forecast the company, profits up in 2010 will be below expectations.

Papers industrial conglomerate United Technologies “thinner” at 2,0%. The company reported lower quarterly profit by 6%.

market capitalization of aircraft manufacturers Boeing rose 5.39%. According to a report the company”s net profit as a result of the fourth quarter totaled $ 1.27 billion, or $ 1.75 per share, compared with a loss of $ 86 million, or 12 cents a share a year earlier. Excluding one-time costs earnings per share reached $ 1.77, with an average forecast of analysts of $ 1.36.

Quotes Gilead Sciences rose to 6,84%. According to the report of the pharmacist, the net profit in the fourth quarter totaled $ 802 million, or 87 cents per share, compared with $ 560 million, or 59 cents a share a year earlier. This profit excluding one-time items reached 93 cents a share, while analysts expected 85 cents per share. Revenues for the period rose 42% to $ 2.03 billion

By 20:56 IST futures for Brent crude for delivery in March fell 0,423% to $ 72.98 per barrel. Gold prices fell by 0,964% to $ 1 088.9 per troy ounce. The U.S. currency strengthened against the euro at 0,249% and has declined against the Japanese yen to 0,279%.

Poland began to limit the supply of gas in the country
In the case of a penetration level of 1350-1360 points MICEX index can accelerate reduction of up to 1250-1300 points
As a result of trading the MICEX currency market the U.S. dollar in the UTS with the calculations of “tomorrow” was 30.2937 rubles. per dollar
Oliver Wyman: pre-crisis performance of the world economy are not expected until 2012
Quotes indicator RTS-2 decreased by 0.12% to 1,490.07 points
As a result of trading the MICEX index added 0,47%, ending the day at 1,391.25 points
After corrective growth bid for Russian sites ended in the green zone, “Tomorrow”s session promises to be volatile
OGK-3 in 2009 reduced the generation of electricity by 12.9% as compared to 2008 - to 29.5 billion kWh
Russia and Belarus signed an agreement for duty-free oil shipments in 2010