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World markets  |  March 22, 2013 09:10:13

A brief summary of the U.S. markets on March 21, 13 - Eurozone worries



Thursday's trading signaled that eurozone fiscal problems and now Cyprus is still primarily associated with limited economic data. They came out just yesterday in the form of the German PMI Manufacturing index number with 48.9 points and a decrease in the minimum three-month contraction and also display sector.

The indicators in the euro area reported similar indication Markit Flash Manufacturing PMI, which unexpectedly fell to 46.6 points in March compared with February's 47.9 points, so instead of stabilization of Q2 could intensify decline in the coming months.

Action on the bailout and his disapproval Cypriot Parliament is complicated because the ECB has stated that it may terminate its liquidity assistance to Cyprus starting Monday, 03.25 tr and in case no agreement is reached between the EU and the IMF on a bailout for the banking sector. This is an existing program Emergency Liquidity Assistance (ELA).Of course, the situation in Cyprus do not contribute rumors of a possible bankruptcy Cyprus and leaving the common currency Euro. It also further reduce the country's long-term credit rating by Standard and Poor's CCC + to CCC with a negative outlook (ie non-investment grade rating in the band, ie junk status) is evidence of deeper problems.

In the case of U.S. macro data results were so bad, but the effect on the markets was not as adequate as might be expected. Preliminary requirements in unemployment came with the number 336 thousand., Which was slightly better (lower) than expected, sales of existing homes rose by 0.8% to 4.98 millionunits, which was the highest since November 2009. Philadelphia Fed report on industrial activity also rose sharply in March.

The total complex influences (along with worse HV software giant Oracle) finally caused a decrease in the major U.S. equity indexes to the following levels: DJIA 14,421.49 points (-0.62%), Nasdaq Composite 3222.60 points (-0.97%) and SP 500 1545.80 points (-0.83%). It is thus most descent level indices for almost a month. It was of course an opportunity for VIX volatility index on CBOE, who fired at $ 13.99, +1.32, ie USD, respectively. +10.42%.

On the stock market, oil is on course $ 92.57 per barrel and the price of gold is $ 1,611.70 per troy ounce. On the Forex Cross Rates EUR / USD at 1.2902 limit.

In Friday's trading will be completely absent kursotvorné influences or impulses from makrosféry as a program of economic calendar is empty.

HV balance ends and already today we can no longer appoint only firms including Darden Restaurants and Tiffany, whilst investors will focus their attention to the start of the new season as of Q1 starting on 8 April tr (HV Alcoa report).

Asian business week session was closed Friday, with the Nikkei 225 fell by -2.35% HangSeng is -0.56% and Shanghai Composite ended +0.17%.

Indications U.S. futures in the introduction are rather light plusses and DJIA +11.0 points, the Nasdaq 100 +0,75 points and P 500 +0.30 points.

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Stručné shrnutí US trhů dne 21.3.13 – starosti s eurozónou

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