MAYZUS.Neeraj Posted February 5, 2014 Share Posted February 5, 2014 05 February 2014: The Situation In The Stock Markets Is Stabilizing DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Yesterday, participants of the markets finally calmed down, which helped indices to recover slightly from the falls of the last few days. Optimism was brought by macroeconomic statistical data which pleased investors. According to the published data, orders in the manufacturing industry were reduced in December by 1.5%, while analysts expected the fall of the indicator to be 1.7%. Investors attention was also directed towards speeches from the representatives of the FED. In particular, the head of the FED of Richmond, Jeffrey Leker, noted that the American economy will continue its development, with a very slow rate, however, this will not affect decisions of the FED to continue to reduce the program. Accordingly to his estimates, gross domestic product of the country will grow in 2014 by 2%, and the rate of inflation in the next 1-2 years will reach the target level of 2%. At the same time, the head of the FED of Chicago, Charles Evans, declared that an increase of interest rate could be possible, but only in the long-term, and monetary policy will remain to be soft until the FED is sure that all necessary measures have been taken for achievement of maximum employment and price stability. Following the results of the session, the Dow Jones Industrial Average index rose by 0.47% and was closed on a level of 15445.24 points. The index of the wide market S&P 500 went to plus by 0.76% to the level of 1755.2 points, and the index of the hi-tech companies, Nasdaq, increased by 0.87%, to a level of 4031.52 points. Asian stock markets are recovering after a strong fall yesterday. The Japanese Nikkei adds 1.23%, the Korean KOSPI also grows. China is still celebrating New Year in the country. The Australian ASX200 and the Indian BSE Sensex are decreasing. Today is going to be a very saturated day, statistical data wise. Indexes of business activity in the Eurozone, data of ADP Services on the labor market in the USA, and the ISM index in the non-manufacturing sector are expected. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 8, 2014 Share Posted February 8, 2014 07 February 2014: ECB Keeps Its Soft Stimulation Of The Economy DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. This morning, positive external background remains in the markets. Among the main factors pushing indices to move up, is the preservation of soft stimulating policy in the Eurozone and expectation of data on the level of Private Non-farm Payrolls and unemployment rate in the USA for December, which will be published in the second part of the day. Yesterday, the European Central Bank declared preservation of the interest rate at the former level of 0.25%. At a traditional press conference, the president of ECB, Mario Dragi, confirmed that the bank will start to take measures only if forecasts on inflation will start to become worse, and turbulence of the currency market will increase. Inflation in the Eurozone was unexpectedly slowed down to 0.7% per annum following the results of December, which became its lowest value since 2009. Published macroeconomic data in the U. S. yesterday was also rather positive, primary jobless claims made 331 thousand when what was expected was 335 thousands, decreasing by 20 thousand from last month. Non-farm Productivity made 3.2%, 2.5% was expected. This helped American indices to close the trading session in a green zone. The Dow Jones industrial average index increased by 1.22% reaching the level of 15628.53, S&P 500 increased by 1.24% to the level of 1773.43 points, and Nasdaq Composite added 1.14% in value, finishing the trading session on a level of 4057.12 points. Today, the attention of the investors is going to be directed towards employment change in the non-agriculture sector in January, which, with a high probability, will significantly affect both dynamics of the trading session in the USA, and closing of the European exchange markets. It is expected that growth of the number of workplaces in January made 185000, after growth of 74000 in December. Strong data could lead to a continuation of growth of profitability of state bonds. Weak numbers could raise doubts in expediency of turning of the QE program. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 10, 2014 Share Posted February 10, 2014 10 February 2014: The Labor Market Of The USA Was The Main Source Of A Positive In The Markets DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. On Friday, investors concentrated their attention on the publication of macroeconomic statistical data. Statistics on the labor market of the USA were weaker than predictions of analysts. Frosts again became the main reason why the quantity of created workplaces appeared below market forecasts. This time, around 262 thousand people could not come to work because of cold weather, which coincided with the figure recorded in December. The Non-farm payrolls indicator made 113 thousand whereas 185 thousand were expected. The average hourly salary increased by 0.2%, having coincided with market expectations, and the average duration of the working week remained invariable at a rate of 34.4 hours. Among the positive data, it should be noted that the unemployment rate decreased from 6.7% to 6.6%. As a result, the index of the wide market S&P 500 increased by 1.33% and finished the week on the level of 1786.58 points, the indicator of blue chips, the Dow Jones Industrial Average, grew by 0.5% to the level of 15705.84 points, and the index of high-tech industries, Nasdaq Composite, added 1.69% reaching a value of 4105.38 points. Oil managed to increase in price due to the retreat of the dollar, and the remaining positive dynamics of the decrease in the unemployment rate in the USA. Brent this morning is traded on a level of 108.46$ per barrel, increasing by 0.36% and WTI is losing 0.16% traded on a level of 99.19$ per barrel. Today we expect a rather quiet trading session, as there are not many important economic reports expected during the day. One of the most important events this week is going to be the press-conference of the new head of the FED, Janet Yellen. Undoubtedly, she will be asked questions concerning the plans of the FED in relation to the target levels of the labor market. Besides that, the publication of the report on retails is another important event of the current week. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 10, 2014 Share Posted February 10, 2014 10 February 2014: Prices of Coffee rise due to unprecedented drought DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Since the end of 2014, the price of coffee has increased more than 30%. The reason of the soar is severe drought in Brazil, which could reduce the future harvest by more than 10%. Brazil is the main producer of Coffee worldwide. Brazilian Arabica, thanks to its low price, is a key ingredient in coffee mixture. Brazilian Arabica is one of the best coffees in the world. Traders are concerned regarding the future of the Brazilian’s harvest of coffee, which is pushing the price up. The maximum price was recorded near to the level of 144 dollars per pound. At the moment, we are observing a technical correction. The key support level is 132 dollars per pound. Coffee could continue its growth. The key resistance level is $144. If the level is breached up with success, then Coffee could reach the following levels: $152.00 and $163.00. If the bears breach down the support level of $132, then Coffee will continue its technical correction. The next levels for decline are $128.40-$124.75. This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 12, 2014 Share Posted February 12, 2014 11 February 2014: Everybody Is Waiting For Janet Yellen's Speech DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. A positive atmosphere remains in the market for the second day in a row. Investors are still continuing to build their expectations based on statistics on the labor market of the US, which were published on Friday. Weak data from the labor market gives hope to the participants of the markets that the FED could stop further reduction of the program of repayment of assets for the time being, and will wait until the situation starts to improve again. Janet Yellen is going to give two speeches this week, one of them is going to be today, which is quite an important point, as we are going to hear the opinion of the new head of FED for the first time, on the current situation in the country. Hopefully, she is going to give some indicates in relation to the further plans of the FED. Yesterday, American indices managed to finish the trading session in the green zone without any significant increase. The Dow Jones added 0.05% reaching a level of 15801.79 points, Nasdaq Composite increased by 0.54% to the level of 4148.17 points and the S&P 500 index grew by 0.16% reaching the level of 1799.84 points. In the meantime in the Eurozone, the investor confidence index of Sentix for February was published, which made 13.3 points at average expectations of 10.7 points. As a result, the index of Great Britain, FTSE 100, increased by 0.3%, the French CAC 40 added 0.2%, and the German DAX went to a minus by 0.1%. The regional STXE 600 indicator, in turn, added less than 0.1% and was closed on the level of 325.3 points. One more interesting fact is that gold reached the maximum level since November, 2013. Basically, this was due to the expectations of turning of the program of quantitative easing in the U.S., and the renewal of purchases from China. This morning, gold continues its growth and adds 0.66% traded on a level of 1283.08$ per troy ounce. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 12, 2014 Share Posted February 12, 2014 12 February 2014: The Positive Background Supports The Markets DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. The American stock market continues to get positive impulses, which helps it to recover from the losses obtained in the beginning of February. Yesterday, for the first time in her career, Janet Yellen gave a speech in front of the Congress of the USA as the new head of FED. Yellen confirmed that she is going to continue to stick to the plans of Bernanke, and the volume of the program of purchase of assets will be gradually reduced. At the same time, interest rates will not change, even if the unemployment rate is going to reduce below the threshold value of 6.5%. Following the results of the trading session, the indicator of blue chips, the Dow Jones Industrial Average index, increased by 1.22% to the level of 15994.77 points, the index of the wide market S&P 500 added 1.11% in value, reaching the level of 1819.75 points, and the index of the hi-tech companies, Nasdaq, grew by 1.03% to a level of 4191.04 points. Morning news coming from China also brought positive moods to the markets. Accordingly to the published macroeconomic statistical data, export in January increased by 10.6% which was 0.1% higher than forecasts, and import grew by 10%, which allowed China to expand surplus of trade balance. These are very important figures, which, in the short-term prospect, could have an influence on the situation in the emerging markets. The situation in the commodities market remains to be stable, and is developing in a positive direction. Prices of oil are increasing by 0.03% on Brent, and 0.47% on WTI, traded on 108.21$ and 99.91$ accordingly. Gold and silver are slightly losing, 0.19% and 0.01%, bargaining next to the levels of 1287.41$ and 20.15$ per troy ounce. From the events expected today, some attention should be paid to the report of the Bank of England on inflation in the country, and data on industrial production in the Eurozone. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 13, 2014 Share Posted February 13, 2014 13 February 2014: Positive News From China Had Only A Short-Term Influence On The Markets DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Yesterday, the trading session in the United States started on a positive note, but by the end of the day, indices could not keep growing, and were closed in the red zone. Optimism was brought by the published macroeconomic statistical data in China, where export volumes grew in January by 10.6%, whereas analysts expected indicator increase of only 2.0%. Following the results of the trading session, the indicator of blue chips, the Dow Jones Industrial Average index, lost 0.19% and was closed on a level of 15963.94 points, the index of the wide market S&P 500 went to a minus by 0.03% to the level of 1819.26 points, and only the index of the hi-tech companies, Nasdaq, increased by 0.24% to a level of 4201.29 points. The situation in the commodities market remains stable, and slowly develops in a positive direction. Yesterday, the price of WTI managed to go over 100.00$ per barrel, and increased by 0.4% to the level of 100.37$ for barrel. This morning, WTI is losing 0.73%, traded on a level of 99.18$ per barrel. Brent is feeling slightly better, traded on a level of 107.84$ per barrel, and losing 0.47%. The price of gold also managed to increase by 0.4%, reaching the level of 1295.00$ per troy ounce, but could not go over the level of 1300.00$, and rebounded from that, and is losing 0.32% this morning, bargaining next to the 1290.91$ per troy ounce. Silver is losing 0.72% at 20.19$ per troy ounce. Today it is necessary to pay attention to macro statistics from Germany and the USA. Information on a change of the rate of inflation in Germany in January will be published during the day. Later on, growth of retails and the situation on the labor market in the USA will be presented. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 15, 2014 Share Posted February 15, 2014 14 February 2014: Markets Are Consolidating At The Levels Reached DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. On Thursday, indices of the United States managed to finish the trading session on a positive note, and closed the day with a moderate increase. Following the results of the trading session, the indicator of blue chips, the Dow Jones Industrial Average, raised by 0.40% to the level of 16027.59 points, the index of the wide market, Standard & Poor's 500, increased by 0.58% to the level of 1829.83 points, and the index of high-tech industries, Nasdaq Composite, went to plus on 0.94% reaching the level of 4240.67 points. As for the statistics published yesterday, the number of primary requests for unemployment benefits contrary to expectations, increased from 331 thousand to 339 thousand, and at the same time, retails in January were reduced by 0.4%, though zero change was expected. At the same time, December retails were reconsidered towards a fall from 0.2% to minus 0.1%, and production stocks in the last month of 2013 accelerated growth rate to 0.5%, reflecting activity which wasn't too high of retailers and consumers. In the meantime, the Asian markets are traded ambiguously this morning . The Chinese market received incentive in the form of inflation at the level of 2.5% in January, and also because of the price index of the producers, which has fallen during this period by 1.6%. Japanese Nikkei 225 increases by 2.17%, Shanghai Composite is adding 0.83%, Futsee-100 loses 0.24%. The situation in the commodities market remains stable and is developing positively. Prices of gold managed to go over the level of 1300.00$ per troy ounce, and are adding 0.63% this morning, traded on a level of 1308.24$. Silver jumped by 2.07% reaching a price of 20.82$ per troy ounce. Prices of oil are stable, with Brent traded on a price of 108.45$ per barrel and losing just 0.07%. WTI is down by 0.21% traded on a level of 99.84$ per barrel. This morning data on gross domestic product of Germany for the 4th quarter of 2013 has been published, which made 0.4% against the expected 0.3%. Later throughout the day, data on preliminary gross domestic product of the Eurozone for the 4th quarter of 2013 and trade balance for December, are going to be presented. Also, data on industrial production in the USA for January will be published in the evening. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 17, 2014 Share Posted February 17, 2014 17 February 2014: Statistics Support The Markets DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. The last trading day of the previous week was rather full with publications of macroeconomic statistical data, which had an influence on developments in the markets, and increased volatility. Analysts were predicting an increase of the industrial production in January by 0.2%, but actual numbers were reduced by up to 0.3%, which is the maximum value since April, 2013. Even more disappointing was data from the manufacturing industry, who's volume of production decreased in January by 0.8%, which is the greatest fall since May, 2009. Analysts were predicting an increase of 0.1%. In spite of the fact that in the process of the publication of various reports, indices were moving up and down, they managed to close the trading session in positive territory. Dow Jones industrial average Index raised by 0.79% up to 16154.39 points, the Standard & Poor's 500 index raised by 0.48%, having closed at the level of 1838.63 points, and the Nasdaq Composite index raised by 0.08% to the value of 4244.03 points. As for the commodities platforms, gold continues to grow due to the weaker dollar, increasing by 0.53% and bargaining next to the level of 1325.56$ per troy ounce. Silver is also up, adding 1.53% and bargaining next to the level of 21.75$. Prices of oil are also stable and are developing in a positive direction. An interesting fact to pay attention to is that spread between Brent and WTI is decreasing, and WTI managed to go through the level of 100.00$ per barrel. This morning, Brent is traded on a level of 109.10$ per barrel, and is adding just 0.02%, while WTI is up by 0.42% and is traded on a level of 100.55$ per barrel. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 18, 2014 Share Posted February 18, 2014 18 February 2014: News From Japan Is Boosting The Market DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. The First trading day of the week was affected by lowered activity on the stock platforms due to the bank holiday in the United States. This morning, interesting news came from the Bank of Japan, reporting its intention to continue soft monetary policy until the time the rate of inflation will reach 2%. The regulator plans to continue an annual increase in monetary base in the range of 60 trillion to 70 trillion yen. This decision was made unanimously and coincided with average forecasts of analysts. In addition, the Bank of Japan confirmed the volume of repayment of state bonds on the level of 50 trillion yen a year. It should also be noted that the central bank of the country also made the decision to prolong three programs of crediting for a year, which were expiring in March. This news immediately had an effect on the Japanese yen and Japanese stock market. The Japanese yen fell sharply in price against the dollar, and is traded this morning on a level of 102.59. The weakening yen pushed up prices of the Japanese companies focused on export, and as a result, the Nikkei grew by 3.18%. The situation in the commodities market remains the same, Brent is losing around 0.10% and is traded on the level of 109.07$ per barrel. WTI is slightly better, growing by 0.22% on the level of 100.35$ per barrel. Gold is stable and is losing just 0.02%, traded on a level of 1318.30$ per troy ounce. Silver remains strong at the price of 21.56$ and adds 0.65%. Today will be saturated with publications of statistics - these being data on balance of current accounts of the Eurozone, inflation of Britain, the German index of economic expectations of ZEW, the index of activity of FED of New York, and volume of inflow of the capitals in treasury securities of the USA. All this statistical data could increase volatility in the markets and change further development in the short-term. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 19, 2014 Share Posted February 19, 2014 19 February 2014: The Situation In The Markets Looks Very Shaky DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. As expected, the trading session on Tuesday was very volatile. Additionally, presented macroeconomic data shook the optimism in the markets. European stock platforms finished the trading session without significant change. Attention should be paid to the fact that the index of economic expectations in the business environment in Germany, counted by ZEW institute, decreased from 61.7 to 55.7 points in February. In the meantime, the assessment of the current situation was better than the forecasts at 50.0 points, having declared a maximum level since the 3rd quarter of 2011. Following the results of the trading session, the key index of Great Britain, FTSE 100, increased by 0.9%, French CAC 40 lost 0.1%, and German DAX grew by 0.03%. The regional STXE 600 indicator increased by 0.01%, having closed on a level of 334.6 points. In the USA, the macroeconomic statistics were again quite weak, the index of production activity in New York in February decreased further than expectations, from 12.5 to 4.5 points. As a result, the Dow Jones Industrial Average Index lost 0.15%, and reached the level of 16130.40 points, S&P 500 and Nasdaq were slightly better. S&P 500 increased by 0.12% reaching the level of 1840.76 points, and Nasdaq Composite added 0.68% traded on a level of 4272.78. Oil prices are staying up, with Brent on 110.20$ per barrel, losing just 0.23%. WTI is still strong, reaching the level of 102.14$ per barrel and adding just 0.04% this morning. Gold and silver are down by 0.48% and 0.77% accordingly, traded on a level of 1318.11$ and 21.73$ per troy ounce. In the evening, the attention of the participants of the markets will be focused on the minutes of the last meeting of the FED, which took place on the 28th and 29th of January. No surprises are expected from these documents, but in the meantime though the latest economic reports are not supporting statements that the American economy started to stabilize, and any signal that the FED is ready to change their decisions regarding the further decrease of the QE3, depending on the current situation, could return encouragement in the markets. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 20, 2014 Share Posted February 20, 2014 20 February 2014: Markets Seem To Be Unable To Decide On The Direction DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Yesterday, the stock market of the United States finished the trading session with a moderate decrease. The American indices were not strong enough to beat historical maximum levels, even though a day earlier the S&P 500 stopped literally 1 point from the record. Another disappointing factor was the macroeconomic statistical data published yesterday. The number of new constructions of houses in January, from the reconsidered 1.048 million, unexpectedly dropped to 0.88 million, and in general, all the published data in relation to new constructions has been rather weak. It should be noted that for the last few weeks in the US, almost every presented report has been rather disappointing, but mostly it was written off for weather, or in general was ignored by the market. Also yesterday, investors finally got the chance to see the minutes of the last meeting of the FED, where it was stated that members of the committee on the open markets consider that the program of quantitative mitigation could be continued to be deducted, in the situation the committee will not begin to see any notable changes. In general, the minutes did not bring anything unexpected or new. As a result, the Dow Jones Industrial Average went down by 0.56% to the level of 16040.56 points, the index of the wide market S&P 500 decreased by 0.65% to the level of 1828.75 points, and the Nasdaq Composite went to a minus by 0.82% and reached the level of 4237.95 points. Commodities this morning are slightly down, but the situation remains stable. WTI managed to increase in price yesterday by 0.9%, to the level of 103.31$ per barrel but this morning has fallen slightly, bargaining next to the level of 102.61$ per barrel. Gold and silver are losing 0.53% and 1.33% accordingly, traded on levels of 1313.42$ and 21.56$ per troy ounce. Today market will be oversaturated in respect of economic statistics, as both Europe, and States will publish many interesting reports. From Europe we will see data on PMI in Germany and in Eurozone; the USA will publish data on Consumer Price Index, jobless claims and PMI in manufacturing sector. Special attention should be paid to the Manufacturing Index of Philadelphia. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 21, 2014 Share Posted February 21, 2014 21 February 2014: Markets Are Consolidating At The Levels Reached DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. We have seen rather positive reports from the Eurozone and different European countries during the last few weeks, but data which was presented yesterday was disappointing. PMI of the Eurozone in the services sector made 51.7 points against the forecasted 51.9 points, and the index in the manufacturing industry decreased from 54.2 points to 53. This had an immediate effect on the positions of the EUR/USD, which, from the maximum level of 1.3762, rolled down to the area of 1.3690, and this morning is traded around 1.37. Indices in the meantime, finished the trading session with an increase. The index of Great Britain, FTSE 100, increased by 0.2%, the French CAC 40 became 0.3% heavier, and the German DAX went to a minus by 0.4%. The regional STXE 600 indicator, in turn, decreased by less than 0.1% and was closed on a level of 334.78 points. The American stock market again managed to find reasons for growth, finishing yesterday’s trading session with a moderate increase. This was mainly due to some positive statistics and corporate events. According to preliminary data of PMI from Markit Economics, the American industry grew in February, and the index raised to 56.7 from the 53.7 last month, and on the labor market, the number of primary requests for unemployment benefits decreased to 336 thousand, from 339 thousand. Additionally, support was brought by the news from the corporate segment, where Facebook announced it's purchase of the messenger 'WhatsApp' for 19 billion dollars. In comparison, some time ago Facebook bought Instagram for just 1 billion dollars, so this time the company paid an extreme amount money, and obviously must have some really serious reasons for that! As a result, the Dow Jones Industrial Average index increased by 0.58% to the level of 16133,23 points, the index of the wide market S&P 500 added 0.60% reaching the level of 1839.78 points, and the index of the hi-tech companies, Nasdaq, grew by 0.70% to the level of 4267.55 points. There are not a lot of reports expected to be published today, except for the reports from Great Britain and Canada, and data on house sales in the US, so indices are going to finish this trading week around the current levels reached. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 24, 2014 Share Posted February 24, 2014 24 February 2014: Neutral Dynamics Remain In The Markets DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Last week finished on a positive note, with the European stock markets managing to close the third trading week in a row with an increase. Following the results of the session, the index of Great Britain, FTSE 100, increased by 0.37%, the French CAC 40 added 0.59%, and the German DAX went to plus by 0.4%. The regional STXE 600 indicator increased by 0.39% and was closed on a level of 336.09 points, which represents the maximum value in six years. At the same time, the situation in the American market was not so positive, and indices closed the week with a small decrease. The Dow Jones lost 0.24%, finishing on the level of 16103.30 points. The S&P 500 fell by 0.08% traded on a level of 1836.25 points, and the Nasdaq managed to keep in a symbolical plus by 0.09%, reaching the level of 4263.41 points. Macroeconomic statistical data published on Friday was quite different. Data on the labor market for the last two months, in fact, has been rather positive, but at the same time, data in the real estate sector absolutely disappointed investors. So, the figures from the National Association of Home Builders (NAHB) showed that the trust level among builders significantly worsened in February to a level of 46 points, in comparison with 56 points last month. The situation in the commodities market remains the same. Brent this morning adds 0.09% and is traded on a level of 109.95$ per barrel. WTI is increasing by 0.18% and is bargaining next to the level of 102.38$ per barrel. Gold and silver are increasing by 0.58% and 0.32% accordingly, traded on levels of 1331.22$ and 21.85$ per troy ounce. In the first half of the day, data on the index of business climate of IFO in Germany for February will be published, and most likely we are going to see similar numbers to the ZEW index, presented last week. The Index showed a decrease from 61.7 to 55.7 points. The index of activity of the FED of Chicago will be presented in the evening. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 25, 2014 Share Posted February 25, 2014 25 February 2014: Europe Continues To Please Investors With Positive Statistics DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. On Monday, the stock market of the United States finished the trading session with a moderate growth of the main indices. During the session, the Standard & Poor's 500 index managed to surpass the previous record, recorded on the 15th of January, 2014. S&P 500 managed to increase by 0.62% to the level of 1847.61 points, the Dow Jones Industrial Average raised by 0.64% to the level of 16207.14 points, and the Nasdaq Composite went to plus on 0.69% and reached the level of 4292.97 points. The trading session in Europe was also rather positive, supported by publications of good macroeconomic statistical data. The index of business optimism of IFO of Germany for February, made 111.3 points, at average forecasts of 110.6 points. Besides that, it is worth paying attention to the final data on the Eurozone consumer price index for January which, as expected, decreased by 1.1%, whereas in comparison with the data of the similar period of last year, the growth of the indicator made 0.8%. Following the results of the trading session, the index of Great Britain, FTSE 100, increased by 0.4%, the French CAC 40 added 0.9%, and the German DAX went to plus by 0.5%. The regional STXE 600 indicator increased by 0.6% and was closed on a level of 338.19 points. The positive spirit was also carried over to the Asian exchanges, where, since the morning, trading takes place in positive territory. The Japanese Nikkei grows by 1.44%, the Korean KOSPI adds 0.74% and only the Shanghai Composite index losses 2.05%. Today will not be over saturated with statistics, except for indicators of consumer confidence from Conference Board, which partly reflect both the state in the labor market, and volumes of retails. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 26, 2014 Share Posted February 26, 2014 26 February 2014: New Drivers Are Necessary In The Markets For Further Movement DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Yesterday's trading session ended in the red zone, indices were consolidating at the reached levels, unable to move forward, but at the same time they were not ready to lose these levels. The statistics which were published during the day were generally of a mixed character. The economy of Germany increased in the 4th quarter of the past year by 0.4%, in comparison with the last three months. In an annual expression, gross domestic product of Germany grew by 1.4%, the data coinciding with preliminary estimates and forecasts of analysts. Following the results of the trading session, the British FTSE 100 decreased by 0.52%, and the French CAC 40 and German DAX lost 0.10%. The regional STXE 600 indicator increased by less than 0.1%, having closed on the level of 338.39 points. This morning already the index of consumer confidence of Gfk for March was published already, which made 8.5 points, when 8.2 points were expected. As for the statistics from the USA, the price index on real estate, counted for the 20 largest cities in December, grew by 0.76% in comparison with last month, where analysts expected growth of the indicator by 0.6%. In the meantime, the index of consumer confidence in the USA decreased in February to 78.1 points. Analysts predicted the indicator to fall to only 80 points. Following the results of the trading session, the indicator of blue chips, the Dow Jones Industrial Average index, was closed on a level of 16179.66 points and lost 0.17%. The index of the wide market S&P 500 lost 0.13% and reached the level of 1845.12 points, and the index of the hi-tech companies, Nasdaq, receded by 0.13% to the level of 4287.59 points. Later this evening there is going to be statistics from the US published on sales of new houses for January. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 27, 2014 Share Posted February 27, 2014 27 February 2014: There Is Not Enough Positive News In The Markets DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. After a long period of disappointing data from America, yesterday the statistics were finally able to please the participants of the market, which supported positions of the dollar (which had been considerably weakened in relation to all main currencies in the past several weeks). Accordingly to the data published yesterday, sales of new houses in January reached the maximum level since July, 2008 - 0.468 million, whereas analysts predicted an increase up to only 0.4 million. At the same time,the December value of the indicator was reconsidered from 0.414 million to 0.427 million. It also should be noted that yesterday investors could've followed speeches of the head of the FED of Dallas, Richard Fischer, and the head of the FED of Boston, Eric Rosengren. In particular, Fischer hopes that the FED will continue turning of the program of purchase of assets on $10 billion monthly, even in the case of an essential correction in the stock market. Meanwhile, Eric Rosengren, who is against further cuts of the QE3 program, declared that there is remaining weakness on the labor market, and also the weather factor influenced the deterioration of the latest economic data, which demands the continuation of aggressive stimulation of the national economy. All these factors have been having a short term effect on the markets, and as a result, the Dow Jones Industrial Average index rose by 0.12% and was closed on a level of 16 198.41 points, the S&P 500 went to plus by 0.01% to the level of 1845.16 points, and the index of the hi-tech companies, Nasdaq, increased by 0.10% to the level of 4292.06 points. The situation in the commodities market has not changed significantly. Brent and WTI are losing this morning, 0.09% and 0.20% accordingly, traded on levels of 109.42$ and 102.38$ per barrel. Silver and gold are also a bit weaker, falling down by 0.16% and 0.35% accordingly. Gold is on a price of 1325.83$ per troy ounce, silver is on the level of 21.18$ per troy ounce. Today we are going to see releases of several interesting reports from the USA, such as the volume of orders for goods of long using, the number of demands for receiving unemployment benefits, and also Janet Yellen's speech. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted February 28, 2014 Share Posted February 28, 2014 28 February 2014: Standard & Poor’s 500 Managed To Update A Historical Maximum DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Yesterday, the stock market of the United States finished the trading session with a moderate growth of the main indices. What is more interesting, is that Standard & Poor’s 500 managed to update a historical maximum, finishing the trading session with an increase of 0.49% and reaching a level of 1854.29 points. In the meantime, Dow Jones Industrial Average increased by 0.46% traded on a level of 16272.65 points, and Nasdaq Composite went to plus by 0.63%, to the level of 4318.93 points. Partly this increase was promoted by published macroeconomic statistical data. Orders for long use goods in January were reduced by less than what was forecast, 1% instead of the expected 1.5%. However, data for December was revised towards a fall from -4.2% to -5.3%. The number of primary requests for unemployment benefits for the last week unexpectedly increased from the reconsidered 334 thousand to 348 thousand. In the evening, investors were waiting for the speech of the head of the FED – Janet Yellen, who, this time, sounded much softer and expressed a slightly different opinion since her last performance. She stated that the FED might change their strategy of the exit from QE3, in the case we see further considerable changes in the economic picture. Yellen agreed that during the last 2 weeks, the macroeconomic statistical reports are much worse than at the end of the last year. The situation in the commodities market is still stable, and more or less remains the same, Brent is down by 0.16% traded on a level of 108.79$ per barrel. WTI is losing 0.36% and is bargaining next to the level of 102.03$ per barrel. Gold is up by 0.06% on a level of 1332.64$ per troy ounce, and silver is down by 0.22% on a price of 21.30$ per troy ounce. Today we are going to see data on CPI rate in the Eurozone, GDP data of the United States, as well as Michigan Consumer Sentiment and pending home sales. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted March 3, 2014 Share Posted March 3, 2014 03 March 2014: The Russian Market Is Captured By A Panic DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. The end of the 2013 and the beginning of 2014 can be characterized with the fact that the markets are trying to manage to cope with unforeseen situations and news from different corners of the earth. Markets just managed more or less to stabilize situation in the emerging markets of the developing countries, after FED made the decision to start cutting off the program of quantitative easing, then new problems are starting to fall upon the markets of the different countries. The whole world watched more than a month a situation developing in Ukraine, which brought to weakening of the Ukrainian currency and destabilization of the financial situation of the country. There are opinions, that the country default, is almost inevitable. In addition to it the situation in Ukraine led to collapse in the Russian market, which strongly gave up on Friday and continued to decrease today at the opening of the trading session. MICEX at this moment is losing 8,26%, traded on a level of the 1325,33 points; RTS is down for 9,59%, traded on a level of the 1146,13 points. All the stocks of the Russian companies are traded in minus, Gazprom is down for 11,39%, VTB bank is losing 11,79%, Sberbank decreasing for 8,70%. All the other companies are down for more than 5%. Russian ruble is very weak and in relation to EUR traded above 50 rubles. One of the Russian banks in the region of the Krasnoyarsk, Sibirskiy bank, has put a sell level of euro on a price of 60 rubles. At present in the market simply reigns the panic. In turn, American indexes on Friday managed to close weak in a moderate plus. The Dow Jones industrial average index raised on 0,30% up to the level of 16321,71 points, the S&P 500 index raised on 0,28%, having closed at the level of 1859,45 points and just the Nasdaq Composite index decreased on 0,25% up to value of 4308,12 points. Statistical data on GDP of the country disappointed the market and has made 2,4% at expected 2,5%. However, published then final index of consumer confidence of Michigan university which raised in February to 81,6 points from 81,2 points in January encouraged investors, having surpassed both consensus forecast of 81,3 points, and preliminary value of 81,2 points. Asian stock markets are traded in a red zone and are losing around 1%, European stock markets also started trading session in a red zone, German DAX is losing 2,38%, French CAC40 decreasing for 0,76%. The only positive development can be observed on the commodities market, where Brent and WTI are increasing for 1,41% and 1,25% traded on a price of 110,17$ and 103,16$ for barrel. Gold is increasing for 1,91% up to the level of 1346,91$ and silver is up for 1,73%, bargaining next to the level of 21,61$ for troy ounce. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
MAYZUS.Neeraj Posted March 4, 2014 Share Posted March 4, 2014 04 March 2014: Tension Round The Conflict Between Russia And Ukraine Presses On The Markets DAILY MARKET REVIEWS By Kristina Leonova: Analyst in Portfolio Asset Management Department. Yesterday’s trading session took place under pressure from the conflict between Russia and Ukraine. The main Russian indices lost more than 10%-12%, and shares of the largest companies which are counted as a part of the indices, lost from 5% to 20%. This morning at the opening of the trading session, the situation seemed to be stabilizing slightly, but the perspectives of the Russian market on the short-term prospective are not so bright. MICEX is up by 2.11% and RTS is increasing by 2.54%, shares of the companies are, in majority, in the green zone, but are adding insignificant amounts in comparison to yesterday’s fall. The trading session in the United States was also influenced by negative moods surrounding the conflict in Ukraine, and indices closed the trading day in the red zone. Even good macroeconomic statistical data that was published could not give enough support to the market. Growth rates of personal income in January made 0.3%, while personal expenses 0.4%, at average forecasts of these indicators on 0.2% and 0.1%. Expenses on construction for January increased by 0.1%, though a decrease by 0.5% was expected, and December's growth rate was reconsidered towards a significant increase from 0.1% to 1.5%. At last, the index of economic conditions of ISM in the non-productive sphere in February made 53.2, at average expectations on the level of 52. As a result, the Dow Jones Industrial Average went down by 0.94% to the level of 16168.03 points, the S&P 500 decreased by 0.74% to the level of 1845.73 points, and the index of high-tech industries, Nasdaq Composite, went to a minus by 0.72% and reached a level of 4277.30 points. The same picture was observed during the European session. Improvement of the statistics on the industry in Switzerland, the Eurozone, and Germany, were still unable to give considerable support to the exchanges. The British FTSE 100 index went down by 1.49% to a level of 6708.35 points, the Swiss SMI lost 2.29% and reached the level of 8281.01 points, and the German DAX decreased by 3.44% to the level of 9358.89 points. Commodities are down today, with Brent and WTI losing 1.44% and 1.22% accordingly, traded on level of 109.17$ and 102.95$ per barrel. Gold is losing 0.87%, falling to the price of 1338.48$ per troy ounce, and silver is decreasing by 1.21% to the level of 21.22$. Copyright: MAYZUS Investment Company Ltd Link to comment Share on other sites More sharing options...
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