Market update - 22.12.2011
Today's statistics on world economy
can become a push to growth of the markets
Yesterday pessimistic moods prevailed in the world markets, due to the results of granting of liquidity to commercial banks from ECB. Cost of loans is quite low - in this connection, demand has considerably exceeded the offer. The excessive demand, which has exceeded the forecast, has been regarded by investors as a signal about weakness of the European bank system. However, the American indexes managed to be closed in plus as the trading session was affected also by statistics on economy of the USA. Sales of the properties in November have grown on 4,0 % though the increase only on 1,9 % was predicted.
Signals from the raw market are more positive: Brent has tested $108 for barrel. Increase was promoted by announcement of the data on stocks of oil and oil products in the USA: stocks of crude oil were reduced to 10,57 million barrels, gasoline stocks - on 0,412 million barrels. The pair of EURO/DOLLAR was consolidated at levels a little above of 1,30, so signals from the currency market were neutral and didn't render pressure upon raw platforms.
The potential growth on world indexes remains, the statistics on world economy, which will be issued today, can become a push to growth. There will be issued data about GDP of Great Britain in the afternoon and closer to trading session end - the traditional week data on unemployment from the USA and gross national product of the USA for III quarter according to the third, final estimation.
We shall not to forget that volatility in the markets is very high also movement can be in any direction, therefore it is necessary do not to make any hasty decisions.
|