15.09.2011
 

Greece to remain
in the EURO-zone

Markets bounced back in a sigh of relief when France and Germany yesterday night gave Greece firm assurances that the country shall remain in the Euro-zone despite its serious debt problems. US and Asian markets rallied and futures in Europe are up. Euro is strengthened across the board. Euro/US at 1.3723 in morning

19.09.2011
 

Asia mainly in
"a red zone"

Following the results of the American session on Friday: Dow has raised on 75,91 points (+0,66 %) - to 11509,09 points, S&P has grown on 6,9 points (+0,57 %) - to 1,216,01 points, NASDAQ has risen on 15,24 points (+0,58 %) - to 2622,31 points.

Trading session in Asia, excluding Japan, passing mainly in "a red zone": Hang Seng-2,1 %, Nikkei 225 +2,25 %, Shanghai Composite-1,41 %. Chinese stocks decrease to 14-month's minimum in connection with statements of the prime minister of the country Ven Tszjabao that the country government intends to take all necessary measures for control of inflation. Additional pressure is rendered by fears of investors as regards coming IPO will lead to reduction of demand for securities already being in circulation.

Precious metals mainly up in New York: gold - 1825,82 dollars/un. (+0,61 %), silver - 40,68 dollars/un. (-0,36 %), platinum

20.09.2011
 

Threat of a default of Greece
keeps the market in suspense

On Monday, on September, 19th, the basic American indexes were closed with fall, winning back threat of the Greek default. Players were focused on a situation in Europe, and all attention has been chained to conference regarding Greek debt. Investors tend to opinion that Greece declares itself insolvent, and the possibility of a default for the next 5 years exceeds 90 %.

Following the results of the trading session the indicator of "blue chips" index Dow Jones Industrial Average has gone down on 0, 94 % and was closed on a level of 11401,01 points, the index S&P 500 has fallen on 0,98 % to the level of 1204,09 points, and the index of hi-tech companies Nasdaq has reddened on 0,36 % to a level of 2612,83 points.

"Blue chips" were closed mainly in red territory. The greatest losses have caused a stir Bank of America (-3,32 %), JPMorgan (-2,81 %), American Express (-2,87 %), Alcoa (-3,26 %).

The price for futures for oil of LIGHT has decreased on $2,26 or 2,6 % to level of $85,70 for barrel. Oil has gone down in price to minimum for 3 last week

21.09.2011
 

EUR/USD:
the intrigue remains!

That fact, that negotiations between Greece and EU, ECB, IMF are tightened for a week, means that we are not going to see sharp growth of EUR/USD within next few days. Some encouraging moment for euro also can be that recently the financial markets, in particular currency, have ceased to react to a stream of negative news from Europe that besides assumes some improvement of a situation with appetite to risk (positively for EUR/USD).

From good news it is necessary to notice messages that Fitch has confirmed a credit rating of Germany at level ААА on September, 21st.

Situation in USA seems not to be better then in Euro zone. Yesterday the IMF has lowered forecasts on world economy growth on 2011 and 2012 years on 0,3 % and 0,5 % accordingly to 4 % for both years.

Following the results of session - Dow Jones Industrial Average has raised on 7,65 points or 0,07 % to level in 11408,66, Standard and Poor's 500 has decreased for 2,00 points or 0,17 % to a level 1202,09, and Nasdaq Composite has left in a minus on 22,59 points or 0,86 % and has reached a point 2590,24.

Gold company Newmont Mining has jumped up on 5,5 % on the basis of comments of Richard O

22.09.2011
 

[b]Markets negative to
Bernankes

23.09.2011
 

Full panic grips
global markets

Global markets experienced its worst falls since the Lehman Brothers bankruptcy in 2008.
Dow Jones fall 3,51 % to 10 733 after a miserable session in Europe. Statements from the World Bank
and IMF (International Monetary Fund) renewed fears for a double dip recession.

The steep falls continued in Asia. Oil and banking shares were hardest hit, and commodities followed
suit. Gold reached its lowest levels in week tumbling to 1736. Silver fell with 10%. Oil continued its slide. NYMEX
tipped below 80, but recovered to 81 in late Asia trading. Brent is 106.

USD normally regarded as a safe haven in crisis, gained against all currencies Wednesday, but corrected
somewhat during Asian trading. Euro/USD trading at 1.3525; 1 % up from bottom levels the day before in
expectation that the week-end G-20 meeting shall bring some relief for the Euro-zone and especially Greece.

Several commentators yesterday took a double dip recessions as a forgone conclusion and predicted the start
of a prolonged bear market. The market met slightly better US-unemployment figures with no movement and a sigh.

27.09.2011
 

Orderly Greek default
rumours rally markets

Rumours on an orderly Greek default rallied market

28.09.2011
 

Short rally ends
in new volatility


After two days optimistic rally the markets in Asia were last night back to normal. Futures for Europe and US
are pointing down. Commodity prices are lower, and the EURO which got a boost following rumors on an
orderly Greek default, dropped back to Euro/USD 1.3559. USD/Yen is trading on 76,58. Oil is down 1,5 %
(NYMEX 93,50 and Brent 106,35)

September has been one of the worst months ever for commodities. Copper, zink and nickel have fallen steeply on
assumptions on lower economic growth, and even precious metals as gold, silver and palladium saw falls
between 10 and 20 %. There is no comfort for the metals that October traditionally is one of the worst
performing months for metals.

The rally over the last two days have been based on expectations and hope rather than fundamentals. the Merkel/
Papandreou meeting was marked by positive rhetoric, but Greece seems to heed closer to a default for each
passing day. New consumption and production figures coming from the US later today is not expected to
give the market any relief.

29.09.2011
 

Greece again
sink markets

The Euro/USD is slightly up trading at 1.3661 this morning on expectations that Germany today shall ratify the next debt tranche to Greece. The upturn in Markets experienced over the last couple of days, came to a quick halt in Europe, US and Asia, on renewed fears for a Greek default and its consequences for the Euro and the world banking system.

Commodities continued its free fall with dramatic day trading eases in both precious metals and commodities. Oil price fell to NYMEX 79,50 and Brent 103. Silver fell more than 10 % from a Wednesday high on 32,50 down to 29 on intra trade in the US, recovering to 31 this morning.

The markets are extremely volatile with the smallest news and rumors creating havoc and big swings during daily trading. Till the Greek debt package has been ratified by national parliaments, the most important during this week, markets shall continue to be extremely volatile.

30.09.2011
 

Better job numbers
lift US-markets

The number of jobless claims in the US fall from registered 423 000 to 391 000 during September, injecting some optimism at Wall Street last night. Wall Street rose with 1,21 %. Better forecasts for the US GDP added along with German ratification of the temporary crisis fund for the Euro-countries, EFSF, to a somewhat more positive market sentiment.

The Euro has stabilized on 1.3561 to USD after yesterday

03.10.2011
 

Sell off
continues

Sell off of shares continued in Asia this morning with Hang Seng dropping 5, 4 %. The sell off came on top a dismal third quarter which saw stocks falling 25 %. October is traditionally one of the worst performing months in stock markets.

The Euro continues tits slide towards other currencies. EURO/USD trading at 1.3319. Oil prices (NYMEX 78 and Brent 101,85) are trading at lowest levels in one year. The sell off in Asia is due more to foreign investors taking profit and cutting losses elsewhere than weaker fundamentals. Industrial output in China is up in September. Gold is stabilizing on 1630. Silver is also up since last Friday.

Uncertainty continues to dominate in the EURO-markets. Obama added his worries stating that Eurozone debt crisis clouds the global horizon. EU finance Ministers meet in Luxembourg today amidst growing concern on Greece. No clear solution seems in sight with continued political bickering. The austerity measures are adding to the pain. The Greek GDP is expected to fall 5,5 % in 2011, much steeper than predicted.

From outside Greece seems on the brink of a social collapse. Demonstrators are crowding the streets, and a new general strike is announced for Tuesday.

Expect a new volatile week with continued opportunities for traders who read the rends correctly.

04.10.2011
 

European debt crisis
spread global panic


October is living up to its reputation as the worst performing month in financial markets. Monday

05.10.2011
 

Italian downgrade
adds to market fear

Moody

07.10.2011
 

Europe's leading central banks
returned to crisis-fighting mode

On Thursday, on October, 6th, key stock markets of the European region, as well as U.S. market have finished the trading session in positive territory. Interest rates as it has been predicted were left at former level of 0,5 % and 1,5 % accordingly.

Investors have complacently apprehended news that the European central bank will support liquidity in bank system by carrying out of two long-term operations on refinancing in October and December. Besides, ECB will start the new program of the repayment of sovereign debt papers for the amount of 40 bil. Euro.

Following the results of the trading session " index Dow Jones Industrial Average has raised on 1,68 % and was closed on a level of 11123,30 points, the index of wide market S&P 500 has grown on 1,83 % to level 1164,97 points, and the index of hi-tech companies Nasdaq has risen on 1,88 % to a mark 2506,82 points.

The price for futures for oil of Light following the results of the auctions on NYMEX has raised on $2,91 or 3,52 % to level of $82,59 for barrel.

The price for futures for gold following the results of the auctions on COMEX has raised on $11,60 or 0,7 % to value to $1653,20 for ounce.

On Friday all attention will be chained to the data on a labor market of the USA - to a rate of unemployment and employment in non-agricultural sector. This news will affect the further dynamics of the market and in a case of negative results

10.10.2011
 

Bulls successively
keep leadership


On Friday, on October, 7th, the basic share indicators of the European region have shown mainly growth, having continued a positive tendency of previous days. Investors were satisfied with a positive data from the USA on a labor market, in particular, employment growth in nonagricultural sector in September has increased on 103 000 after increase on 57 000 month before.

Following the results of the session the indicator of "blue chips" index Dow Jones Industrial Average was closed on a mark of 11103,12 points, the index of wide market S&P 500 on a level of 1155,46 points.

Quotations of

11.10.2011
 

Strong rally
continues

End of last week

12.10.2011
 

[b]Increased volatility
after Slovakia

13.10.2011
 

Stagnating Chinese
trade in September


The Chinese trading figures for September came in weaker than expected. The trade balance show a surplus on 14,51 Billion USD,
1.8 B USD less than the forecasts with weaker export and import numbers. Inflation is still running high on 6 %. The somewhat disappointing numbers had, however, no influence on Asian stock markets that continued to rally for the 6th consecutive day. The Japanese Nikkei is up more than 1 % after a new strong day for the US-exchanges. DOW is up 0,90 % and Nasdaq 0,84 %.

Copper and oil prices are slightly weaker in the morning trade with Brent 111, 17. South Korean and Australian currencies are stronger, and the EURO continue to climb against the USD at 1.3796 after reaching 1.3825 in early morning trade. The stronger Euro and the continued stock rally reflects investors belief that the EU-countries shall take quick and decisive action to recapitalize struggling banks and to avoid the Greek debt crisis to contagion further and hit Spain and Italy.

The speech by EU-Commission President, Jose Barroso, yesterday was seen in this light and as a strong expression of European willingness to take strong action to save ailing Western European banks.

14.10.2011
 

Spain is downgraded.
Added pressure on EU

The rating agency Standard and Poor has downgraded Spain on weak economic growth prospects. S & P sees zero growth for Spain in 2012 due to high unemployment and huge private credits. The downgrading has increased the pressure on EU-countries to recapitalize banks and solve the sovereign debt crisis in Europe. One hinder was overcome yesterday when Slovakia as finally ratified the the proposed emergency fund.

After a strong market rally over the last days investors are back on the fence. European markets fell. Dow Jones was down 0,35 % and most Asian markets ended in red. The Euro is stabile against USD at 1.3789, Japanese Yen is falling against the dollar trading at 76, 90. Brent oil is steady on the USD 111 level while NYMEX is down to 84,50 on increased oil storage numbers from the US.

Market futures give no clear indication on how the decisive US-markets shall open today. Analysts seem still to be optimistic as to a temporary solution to the problems within the Euro-zone. Spain

17.10.2011
 

EU receives one week
to get house in order

The Ministers of finance within the Group of 20, the strongest industrial countries in the world meeting in Paris during the weekend, have given the EU a week dead line to get their house in order. This has lifted the stock exchanges in Asia which continue to raise after seeing the strongest weekly rally in six months. The increases indicate strong belief that European leaders shall find a way out of it