Thursday, April 9, 2009

Prior to opening the bidding on the NYSE futures on U.S. stock indices are moving in positive field

Prior to opening the bidding on the NYSE futures on U.S. stock indices are moving in positive region, supported by the message New York Times, that the situation in the banking sector may be much better than many investors had feared, citing anonymous sources, possessing information about the results of stress tests.

All the 19 largest American banks have been stress-tests conducted by the Treasury, the New York Times, but many of them may need additional financing from private investors or government.

During the session, shares predtorgovoy Citigroup and Bank of America on expensive 13.7% and 19.4% respectively.

Morgan Stanley Shares added 5.7%, despite reports Wall Street Journal, that the bank will report on the damages on the basis of I quarter in connection with the problems of servicing corporate debt of Morgan Stanley.

The investor - billionaire George Soros, formerly was an active supporter of Barack Obama and support the efforts of the presidential administration to stabilize the financial sector, on Thursday said that Obama «the greatest missed opportunity», not showing a more radical approach in dealings with banks.

«There is a strong intrinsic link with irregular and awkward by the previous administration - said Soros. - Not enough gap ». According to Soros, Obama to «come up with a well-thought-out plan», for the recapitalization of banks, instead of continuing to implement the TARP and other similar programs.

In the field of view of investors could be action riteylerskogo sector against the background of the publication of data on sales of leading retailers in March. According to the International Council of shopping centers, selling retailers in March, on average, declined by more than 1%.

Company Costco Wholesale reported a decrease of sales in stores open at least a year, at 5%, including a decrease in sales by 2% in stores in the United States. Sales at Limited Brands fell 9%. In turn, the company Hot Topic has raised the forecast on the eve of return on I quarter, saying the expected increase in sales.

According to Chinese newspaper Shanghai Securities News, avtokontsern General Motors plans to increase car sales in China by 2013 to more than 2 million units a year, citing the new executive director of GM Fritz Henderson.

Yesterday General Motors said sales growth in China in March to 24.6% compared to the same period last year to 137,004 vehicles, a record high, on the basis of a month.

U.S. Stock Indexes accelerated increase after mostly positive macroeconomic data. According to the report the Ministry of Commerce, the U.S. trade deficit narrowed in February to 25.97 billion dollars against 36.2 billion in January. Analysts had expected an increase of trade deficit to 36.5 billion dollars

In turn, the Labor Ministry reported a decrease in the number of initial applications for unemployment benefits in the United States for the week ending April 4, at 20 thousand to 654 thousand, however, the number of repeated requests for the week ended March 28 increased by 95 thousand . to 5840 thousand, once again, updating the record.

By 16:55 Moscow time on May futures mark WTI crude oil reached 51.47 dollars per barrel. 49.38 against the U.S. prior to the closure of Nymex. In European electronic trading the contract dipped in oil was moving in the price range of 49.72 - 51.54 USD

Tomorrow the stock markets of the United States and most European countries will be closed in observance of Good Friday.

No comments: