eTrader (eTrader)
World markets  |  February 21, 2013 09:37:39

A brief summary of the U.S. markets on February 20, 13 - the second significant decrease in tr



Wednesday's U.S. session again reminded known axiom that nothing will grow to the sky and also that everything comes to an end, and so namely indices showed evident second corrective movement southward from the beginning of 2013.

The main cause of this landslide markets was evening FOMC Minutes report with a detailed record of the Fed FOMC meeting of 1.30 trHere we showed that some Fed members are somewhat concerned about the implementation of asset purchase and the associated costs and risks (government bonds and mortgage securities MBS) in a volume of 85 billion U.S. dollars a month, and intend this matter alternatively explore in more detail at the March FOMC meeting the Fed. Specifically, it will be a two-day meeting ending press conference, Fed chief Bernanke on 20 March, an important fact is also that the Commission is somewhat less united in opinion than ever before in the past.

From yesterday's macro data can further specify items of housing and the construction of new houses with the number 890 thousand. vs. expectations of 914 thousand. and building permit figures for January reached 925 thousand. vs. assumption of 918 thousand. PPI PPI for January showed an increase of 0.2% vs. expectations of 0.3% and core form was above 0.2% vs. estimate of 0.1%.

Also, objective process of correction operates in markets when other factors are deteriorating sentiment approaching deadline of 1 March, for the massive cuts in government spending (called sequestration) as well as weekend Italian parliamentary elections.

Major U.S. stock indexes thus ushered in the second tr more down and have the following levels: DJIA 13,927.54 points (-0.77%), Nasdaq Composite 3164.41 points (-1.53%) and the SP 500 1511.95 points (-1.24%). Fundamental change of course showed VIX volatility index on CBOE, he closed on the value of $ 14.68, ie +2.37 USD, respectively. +19.25%.

On the commodity markets has obvious impact of the decision to revise the FED QE primarily on gold, which decreases by about 10 USD for price $ 1,567.80 and the dollar strengthening links to forex. Here, the cross Rates EUR / USD is at 1.3254 limit.Petroleum is on course $ 94.77 per barrel and has declined by almost $ 2.

Thursday's trading will be accompanied by a strong supply of macro data in the composition of initial requirements in unemployment with the number 358 thousand. (Ongoing requirements to be 3.15 M), CPI consumer price index for January is expected 0.1% and 0.2% core form. Furthermore, it will flash PMI Manufacturing Index, existing home sales to 4.94 million digits, Philadelphia Fed report for February with expectations of 1.50 points and leading indicators with the assumption of 0.3%. List of finishing supplies gas and oil reserves.

Trading in Asia is clearly negatively affected U.S. sessions and reports FOMC Minutes as Nikkei Average ended -1.39% HangSeng closed -1.72% and Shanghai Composite fell by -2.97%.

Indications U.S. futures are as follows: DJIA -40 points, Nasdaq 100 -11.25 points and SP 500 -4.40 points.

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Stručné shrnutí US trhů dne 20.2.13 – druhý významnější pokles v t.r.

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