Currencies  |  February 18, 2013 12:44:19

The decline in the yen got from G-20 Green Improved U.S. Economic Data Releases to shares not help

Previous week came to visit the stock market again male bovines. Overall, the market Dari already seven weeks in a row, which is the longest series of increments in the last two years. Fridays trading but was not clearly raster form. While makrofundamenty of the U.S. in the form of Michigan consumer confidence survey, or the New York Fed manufacturing finished above expectations, markets sent down the biggest Retailer in the world, Wal-Mart (-2.15%). For the decrease were the Administration that februárové comparable sales were a total disaster and that because of the abolition of temporary tax relief for employees. The least successful at the segment energy and basic materials.The oil probably is right to choice gains, while gold is withdrawn administrations that investor George Soros skresal its position in gold. Gold fell below the level of 1600 USD per uncu for the first time since August. Fridays cocktail stock: Dow Jones +0.06% SP500 -0.10%, Nasdaq Composite without changes.

Acquisition spree

Since the beginning of the year had passed only a few weeks, with no major acquisitions ripped the bag. Since the beginning of the year held its acquisitions in the U.S. in volume to 285 billion USD, which is 25% more than a year ago. For all spomeňme repurchase company Virgin Media company Liberty Global for 16 billion USD, connections airline took American Airlines and U.S. Airways for 11 billion U.S. dollars by taking Dell private-equity company for 24.4 billion USD or purchase of NBC Universal from General Electric Comcast company for 16.7 billion USD.In the Thursdays in the buying fever has also joined Warren Buffett investment mage through your company Berkshire Hathaway. Along with 3G Capital odkúpia food company HJ Heinz, known mainly for production of ketchup, for 28 billion USD. Shareholders offered a 20% premium compared stredajšej uzatváracej price. Buffett, of course, said that not even a penny more. After receiving the share in the company Coca-Cola Buffett helped confectionary producer Mars odkupom largest producer in the world žuvačiek Wm. Wrighley. Buffett and probably sees potential especially in the current segment consumption and behold, here be willing to pay a decent premium for what they wanted. Firm 3G Capital also is not new to the area, since the company's managers have led alliance of beer producers Anheuser-Busch InBev NV and also took over the company Burger King. Heinz it is in good hands.

Overall, financial firms still have huge amounts of cash, and may, therefore, a wave of mergers and acquisitions continued. Financial companies or airlines probably already have their merger era behind, no or low energy technology companies will continue to be the objectives of receipt.

G-20 without Innovations

At the weekend took place in Moscow session G-20. This is a meeting of the representatives of the 20 economically strongest countries in the world, which together account for 80% of global GDP. The communiqué says: With important step in Europe, U.S., Japan and resilience of China's economy, decreased risks to the global economy and to improve the situation on the financial markets. Although we realize that important risks remain, global growth is weak and unemployment in many countries remains unacceptably high.

Aggressive domestic policies were given the green light

Landscapes G-20 in its communiqué šesťstranovom the G-20 also affected monetary policy: monetary policy should be focused on domestic price stability and also to support the economic recovery according to its specific mandates. We are committed to monitor and minimize the negative effects of incidental domestic policies on other countries. This means that the action of Japan got the green light to fight deflation, as this is about domestic politics and not the targeted manipulation of the course, this move has caused growth USDJPY pair maximaand access your most recently at 94.20. Analyst Kit Juckes from the bank Societe Generale's summed up as follows: Representatives of the G-20 approved policies aimed at promoting growth, whilst not support policies aimed at increasing growth at the expense of someone else. Would Takumi war, where nothing happens to anyone ...So who are the bad monetary manipulation, zero rates and QE are good. If these policies are causing a weakening of the names, it's OK.

View on today

Today is the feast day of U.S. presidents. Volatility in the financial markets should therefore be lower. Euro is trying to create a bottom around 1.3330 zone / 00, from which could come in reflection after such a speech Draghi, who will speak today to the European Parliament. There could again draw attention to the fact that the euro area economy is stabilizing at low levels, which could help the euro. But if it outperforms some level of 1.3300, the euro has been a technical point of view, and hardly anything will help halt may be much lower.


Author: John Benaki | TRIM Broker, as |Trading on exchanges TRIM Broker

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