Financial News and Economical Crisis

 

Friday, January 15, was very rich in a variety of data the U.S. macroeconomic statistics and corporate reports, containing the positive and negative shades in accordance with the complexity and ambiguity arising in the current phase of economic recovery processes.

Thus, the preliminary index of consumer confidence in the University of Michigan in January was much worse than predicted, although a slight increase compared to the December final indicator, reflecting the real possibility of gaining wealth ordinary Americans in conditions of high unemployment and tough credit conditions.

Industrial production in December in accordance with the projections continue to grow in the 5 th time in the last 6 months, an increase of 0.6%, but caving in to the November increment of 0.8%.

The focus was also the consumer price index in December rose by 0.1% with the expected 0.2%, which calculates topreserve the Fed stimulates the economy of low interest rates and further until you see serious inflationary pressures.

main trigger is the dynamics of markets on Friday was reporting one of the pillars of the financial system bank JPMorgan Chase, whose quarterly profit exceeded the consensus forecast of analysts, but it recorded significant growth in losses on mortgage and commercial loans. It is so upsetting investors that severely impact not only on the positions of the financial sector, but also led up to the bidding of the first significant decline in the coming year, all major stock indexes.

Index Dow Jones industrial average fell 100.90 points or 0.94% to 10609.65 points, reduction per week was 0.1%. Index of Standard Poor “s 500 fell 12.43 points, or 1.08%, to close at 1136.03 points, a loss for the week amounted to 0.8%. The Nasdaq Composite Index fell 28.75 points, or 1.24% to a value of 2287.99 points, lowered during the week 1.3%.

in the elite echelon of the American economy Tor-30 in the “red zone” finished almost all of the company. The greatest losses suffered by the representatives of major financial sector Bank of America (-3.3%), JPMorgan Chase (-2.3%), as well as a number of leading high-tech sector - Cisco Systems (-2.2%) and Verizon Communications (-2.1%). The company, unexpectedly and was extremely well-reporting on the eve of Intel (-3.2%), as many investors felt that the corporation has been made in the 4 th quarter of record-breaking success is hardly possible in the future and it is desirable to implement its shares at the peak of popularity.

major manufacturer of cosmetic products Bare Escentuals, which owns the popular commercial brand Bare Minerals, soared almost 42% as a result of reaching agreement on a transaction by which it will acquire for 1.7 billion dollars, Japan”s largest manufacturer of similar products by Shiseido.

leading provider of financial and commercial information for investment companies and private investors Interactive Data won the tender on the basis of 14.1% by announcing a review of strategic alternatives the board of the company business development.

One of the largest U.S. suppliers of office equipment and supplies OfficeMax gained 8.8% due to increased rate of its shares to “neutral” to “buy” by analysts JPMorgan Chase.

Shares largest U.S. companies issuing loans for education, one of the world”s largest credit and financial organizations Sallie Mae fell 6.7% due to expected at next week”s disappointing quarterly results.

second largest in the U.S. transportation company, is carrying out the transport trailer, Con-way has lost 3.4% due to a decrease recommendatory evaluation of its shares by analysts at JPMorgan Chase.

price of gold futures for February delivery on the basis of trading on the COMEX has fallen to 12.50 dollars, or 1% to a value of 1130.50 dollars per troy ounce.

Gold has fallen in price under the combined influence of factors such as the implementation of China”s monetary measures to curb the pace of economic growth, little inflation in the U.S. in December and intensified the dollar. However, the overall cost per week of February gold futures rose by 0.4%.

price of futures on crude oil Light for February delivery on the basis of trading on the NYMEX fell by 1.39 dollars or 1.8% to 78.00 dollars per bc8barrel.

Oil has fallen in value against the backdrop of the retreat of strong frosts in many U.S. states, which largely determined the increasing demand for energy in the preceding weeks, and significantly increased its reserves in the country. Greater decline in prices hampered growth of U.S. industrial output in the expected range. Oil lost in the cost of the whole week in a row, and the resulting loss amounted to 5.7%.

Technical analysis of the currency pair USD /CAD
Forex Market. 14/01/2010
Asia: Labor market data pleased investors, Australia
Europe: indexes rose against the background of positive Beige Book
United States: the expectation of reporting improved mood
Latin America: retailers and America Movil have not given the rally going full speed
Forex Market 15/01/2010
Asia: IT sector is enthusiastic success of Intel
Europe: there was sadness, yes the U.S. helped