Josef Stoulil (Capital Partners)
World markets  |  December 06, 2010 12:14:50

U.S. futures on 06/12/2010: Bernanke's QE2, European Stability Fund



After successful completion of last week, when the major U.S. indices approached again in sight of 2 years maximum, the weekend came on the tapis other events in the markets.

Specifically, it is a relatively rare appearance Fed chief Bernanke on CBS radio show "Air Show" where he mentioned the possibility of realization of purchases of Treasury bonds over the existing framework provided USD 600 billion by the end of June 2011.Economics on Friday too pleased by the data from the labor market and therefore a reaction by the central bank is not the case. First, it therefore indicates the need for further support for both the economy and continue to lead the Fed keeping the minimum rates. The last meeting of the Fed FOMC 14.12 TR could do in these matters clear.

The second theme, this time European, is the fact that some members of the Eurozone recommended to increase the existing volume of rescue facility (now it draws Greece and is also intended for Ireland) over 750 billion to cover any other problems in countries such as Spain , Luxembourg and Italy today suggest the establishment of common EU government bonds, called"E-Bonds", which sold European Debt Agency (creation of the end of this year, funding of up to 50% of emissions of the EU members), it would be possible and switch between E-Bonds and existing government bonds of countries. So apparently the Eurozone stability will also be higher costs ...

The markets today are missing macro ratio, so in this sphere it does not look to any inspiration.

For information, it should be noted that, according to Thomson Reuters is to be estimated earnings growth of companies in the SP 500 index for 4.Q. 10 value of approximately 31%, the best sectors to be consumer goods and information technology, new economy companies in season 4.Q. and full year 2010 begins on 1.10 The 2011th

U.S. retail sales increased by 9% in the 3rd week December this year, which includes Cyber ??Monday and 12% since the beginning of "holiday season" according to firm comScore (SCOR), spending the week amounted to USD 5.16 billion from 4.72 billion the previous year before, for the first 33 days' holiday season "from 1 November this year to 3 December online sales this year amounted to USD 16.8 billion compared to 15.04 billion U.S. dollars last year, Cyber ??Monday spending totaled 1.03 billionUSD, which is 16% increase.

Recently there is a reduction in volatility in the market, which illustrates the well-known VIX (CBOE Volatility Index Market). On Friday, declined by about 8% over the past week fell by nearly a full 20%.

On commodity markets, NYMEX WTI crude oil traded at $ 88.72 rate per barrel and gold is the price of $ 1412.50 per troy ounce. The forex cross rates are EUR / USD at the border of the 103263rd

Current indications suggest corrective opening futures markets because the DJIA -39 points, Nasdaq 100 -9.50 points and SP 500 -6 points.

 

CAPITAL PARTNERS as

J. Stoulil

 

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US futures dne 6.12.2010: Bernankeho QE2, evropský fond stability

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