Saxo Bank (Saxo Bank)
Finance  |  June 27, 2011 13:12:47

Market Preview: Start the week probably in the red


British stock markets: expected to open lower

British stock markets are likely to open lower, while the FTSE 100 is expected to open lower value of 20 to 23 points.

His results were published today by the company OCAD Group, Cohort, Porvair, Immunodiagnostic Systems Holdings, Capital and Turbotec Plastics Products.

The Sunday Times reported that Lloyds Banking Group this week announce plans to cut costs in the amount of L 1 billion, under which should be lifted a further 15 000 jobs.

According to the Financial Times's exposure of Lloyds Banking Group to the most risky types of mortgages compared to its five largest competitors more than doubled.

HSBC Holdingsannounced plans to merge its Saudi subsidiary specializing in corporate and investment banking with Sabba Securities, which is part of the Saudi British Bank.

Bristol-Myers Squibb and AstraZeneca reported that a cure for their 2 diabetes type known as Onglyza showed a phase 3b clinical tests "significant" results.

According to the Financial Times, British Land Company plans to issue bonds and their location on the U.S. market private investment gain of approximately 500 million USD.


Asia markets traded mostly lower

Asian markets traded mostly lower this morning after the Basel Committee on Banking Supervision has increased at major global banks with capital adequacy requirements. Japanese markets trading lower primarily due to decreases titles in the export sector, which anticipates the expected report today, which should show that in May there was a slowdown in the U.S. personal consumption. Export-oriented companies such as Sony Corporation, Fanuc Corporation and Kyocera Corporation, trading below the value of the lost bank Mitsubishi UFJ Financial Group and Mizuho Financial Group. Nikkei at 6 hours traded 0.7% lower at 9 615.3.

In South Korea, Samsung Electronics has weakenedafter Apple filed a court action in South Korea in the alleged infringement of patent rights. Hong Kong markets fall pulled down titles in the sector of real estate and finance. Chinese markets are strengthened primarily due to growth stocks in the sector of air transport. Airlines China Southern Airlines and China Eastern Airlines are trading above after the Chinese Ministry of Finance announced that from 1 July 2011 abolishing import tariffs levied on diesel and aviation fuel.


U.S. stock markets: futures weakened

At 6 pm, a U.S. stock futures index traded lower, with futures for the S & P 500 fell by 3.1 points.

The most important data published today include personal income, personal consumption expenditure index and Dallas Fed manufacturing activity.

With regard to financial results published on the agenda today are Nike, Standard Microsystems Corporation and Park Electrochemical Corporation.

During Friday trading after the closure of markets sharply, by as much as 76.7%, strengthened by Icagen after Pfizer announced that with this company is considering a strategic transaction. Shares of Mankind grew by 8.5% after the company announced that two different studies of its anti-diabetes drug called Afrezza forthcoming showed no increased risk of cardiac events. William The Company strengthened by 2.1% after Southern Union Companyreported that its board would have been at its January meeting attracted "more consistent" attitude, if at that time was made ??a higher bid. Universal Forest Products has fallen by 15.6% in response to the notice of layoffs and cost cutting, which necessitated the weak sales.

The S & P 500 on Friday fell by 1.2%, which contributed to the loss of technology, energy and banking titles. Better than expected data on U.S. durable goods orders in May of consumption were overshadowed by concerns about increasing European debt crisis. Micron Technology has fallen by 14.5% after its results for the third quarter of disappointing the market. Oracle Corporationweakened by 4.1% due to lower hardware sales in the fourth quarter. Below resulted in other titles such as technological SanDisk Corporation, Western Digital, NetApp, JDS Uniphase Corporation and Cisco, which declined by 9.2%, 4.9%, 4.0%, 3.9%, respectively. 3.5%. Developments in the banking sector reflected concerns about the situation in Europe, so the shares of the Bank of New York Mellon, Bank of America, JPMorgan Chase and Morgan Stanley lost 3.1%, 1.8%, 1.5%, respectively. 0.6%.


European stock markets: it is expected to open lower

It is expected that European stock markets opened in red. DAX apparently open 25 to 30 points below the CAC 15 to 17 points below.

Its financial results during the day the company should disclose Etablissementen Fr Colruyt NV, Zumtobel and Trigano.

Newspaper Le Journal du Dimanche reported that the Austrian electricity company Verbund started negotiations to sell its 46% stake in the French electricity company Powe either Enel SpA, Eni SpA or.

According to the Nikkei report, the company Suzuki Motor Corporation from 2012 had its SX4 cars assembled in Europe to equip new diesel engines from Fiat SpA workshop.

Wall Street Journal reported that after the collapse of negotiations for sale of a controlling its joint venture Nokia Siemens Networks, they decide to Nokia Corporation andSiemens to restructure.

According to the Financial Times the bank's shareholders approved the Banca Popolare di Milano capital increase of EUR 1.2 billion, as requested by the Central Bank of Italy, but its requirement for a complete change of leadership rejected.

Financial Times also reported that E.ON CEO Johannes Teyssen marked tendency in Germany to renewable energy as a "huge opportunity" to which his company plans to build accordingly.

Again according to the Financial Times is looking for acquisitions in Capgemini U.S. to strengthen its market position.


Night trading on foreign exchange markets: EUR traded below

EUR this morning against the U.S. dollar traded below. The reason is the concern of the European debt market crisis, which nerozehnal nor Chinese Premier Wen Jia Bao by saying that China, in its investment in European government bond markets continue. The market also expects macrodata whose publication is scheduled for today during the day have reported a slowdown in May personal consumption expenditures in the U.S..

JPY is traded against the USD by 0.4% below. At 6 o'clock in the morning the euro against the U.S. dollar trading at Forex 0.5% below the $ 1.4124 rate for the GBP against the USD by 0.2% below the $ 1.5922 rate. EUR to GBP exchange rate of 0.8871 GBP traded lower by 0.2%.

AUD against the USD traded lower by 0.7%, CAD against the USD by 0.3% below.


Current macrodata

Housing Market SurveyHometrack indicates the second month of decline in housing prices in the UK

According to research by Hometrack the average price of housing in England and Wales in June saw the second month in a row decline, namely by 0.1% compared to May, which represents a decrease of 3.9%.

French bank reportedly offered to refinance some of the Greek bonds in their possession to avoid bankruptcy

According to Bloomberg news French banks, including BNP Paribas, the French government announced its willingness to replace part of Greek bonds maturing new bonds in an effort to prevent bankruptcy of Greece.

Without the savings in the Greek budget would be no bailout package, said German Finance Minister

GermanFinance Minister Wolfgang Schaeuble warned that if Parliament rejects the Greek government's austerity plan, get the next tranche of Greece rescue package.

According to BIS, central banks will have to raise rates to prevent inflation

Bank for International Settlements (Bank for International Settlements BIS) in its annual report said that central banks around the world will soon have to start raising interest rates to get inflation under control. BIS also stated that commercial banks should be under pressure to meet higher capital adequacy requirements before 2013, except where this step would reduce lending.

Keeping inflation below 4.0% will be difficult, says Premier Wen

Chinese Premier Wen Jia Bao said that it will be difficult for China this year to keep inflation below 4.0%, 5.0% rate, however, is real.

 Globální online investiční banka

Saxo Bank je globální investiční banka specializující se na online obchodování a investice na mezinárodních finančních trzích. Saxo Bank umožňuje soukromým investorům a institucionálním klientům obchodovat s FX, CFD, cennými papíry, futures, opcemi a dalšími deriváty a poskytuje i profesionální správu portfolia a fondů díky svým online obchodním platformám oceněným řadou různých ocenění.

Více informací na: www.saxobank.cz

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