Published yesterday, the macroeconomic data for the United States were, in general, negative: although the data on initial applications for unemployment benefits and were slightly better than expectations, all иÑпортили Non farm payrolls. However, in the mid-termbreak in the positive good news for commodity and stock markets: it eliminates the grounds for conversation (initiated by L. Summers believes) that it is time to think about tightening monetary, budgetary and fiscal policy. It is premature tightening led to a second wave of the Depression in the years 1937-1938. Thus, stimulating fiscal policy will continue for a long time and the money power, waving a hand in the budget deficit and inflation will continue to seek the restoration of sustained economic growth. Moreover, without inflation, this is not possible: the reason for this decline - the high debt load, which can be addressed only to devalue the debts in real terms. Meanwhile, the ECRI Institute shows a steady increase in inflationary pressures, thus, the process has begun.
Therefore, we expect continuing growth in prices of commodities in the medium term. U.S. stocks will also feel good: the cash flow of companies to grow after inflation, while the payment of debts will remain at the same level.
We expect growth in oil prices to $ 75 in the perspective of the next two weeks and up to $ 100 a barrel before the end of the year. After oil prices will rise, and Russia's actions: we predict the MICEX index at 1700 points until the end of the year. We recommend using the current correction for purchases with an investment horizon before the end of the year.
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The pressure on the euro remains
Overview of the oil market for 02.07.09
On Thursday, the value of all metals traded on the LME, adjusted after a sharp rise the previous day
Ministry of Fuel and Energy has refused to count the practice of price corridor for light petroleum products at gas stations
Sweden will lead Europe to rebuild the economy
Analysis - Results of the day
If on Monday the U.S. stock exchanges opened in the negative, the Russian market will be the next Bear Holiday
The Russian market shares allocated IDC, which grow on the news on the transfer of power distribution companies to a single share by 2011
Next week is expected to remain negative sentiment on the stock sites
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