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World markets  |  March 25, 2013 14:38:51

Brief situations Wall Street: opening 25.3.13 and effort to positive numbers

Introductory session on Monday is likely to experience a calming zjitřeného market environment in the context of addressing the bailout Troika (EU, ECB and IMF) in the amount of EUR 10 billion in relation to Cyprus. So finally found a solution or compromise, but at the cost of substantial tax burden by depositors of the Bank of Cyprus and Laiki Bank deposits with volumes of over 100 thousand. EUR. Additional funds for Laiki Bank to be transferred to the Bank of Cyprus and the other bank should be suppressed. This Cyprus receives 4.2 billion in exchange for assistance in the amount of 10 billion euros.

The first tranche of bailout for Cyprus is to be made ??early in May of this year after completing the formal requirements of the loan from international lenders. However, according to Moody's Investors Service, there remains the risk of default of Cyprus, which is from the perspective of context negative credit item for all euro area countries. This creates a dangerous tendency in the outflow of deposits, capital transfers, increased costs of bank and sovereign funding and broader financial market dislocation.

According to the economic program macro data calendar is fairly weak, as they come on the market, reports the Chicago Fed National Activity Index (February vs. +0.44 points. Previous figure -0.49 points) and Dallas Fed Manufacturing Survey. U.S. Treasury auctions notify the implementation of government debt instruments with her graduation 4W, 3 and 6M. An important point is the performance of the Fed chief in the panel discussion at the London School of Economics at 18.15 CET.

The current focus of consumers in the U.S., increasing savings and debt limitation continues and is able to ensure that the government can borrow at very low rates.And even in the fact that the economy is not in adequate growth trajectory and debts grow. As at 06.03 tr deposits in U.S. financial institutions exceeded loans by 2.03 trillion. USD. Compare this with the period of one month before the collapse of Lehman Brothers, it was quite the opposite and loans exceeded deposits by 205 billion USD. In 2012, households have piled into government bonds 1.04 trillion. Compared to $ 648 billion a year earlier.

On the market there has been speculation about possible further acquisition targets W. Buffett and Berkshire Hathaway (BRK.A, BRK.B) this year after taking over the company Heinz. It can be such a company JM Smucker (SJM), WWGraigner (GWV) and McCormick (MKC), which meet the profile a strong brand. In the longer term, it may be appropriate title from the luxury sector Tiffany (TIF).

Major U.S. stock indexes begin shortened (due to Friday's Day Good Friday) business week on U.S. stock exchanges: DJIA +0.14%, Nasdaq Composite +0.29% and +0.31% SP 500.

On the commodity markets, the NYMEX crude oil is on course $ 94.70 per barrel (about USD +1), and gold dropped to $ 1,599.30 per troy ounce (about $ -8.70). On the Forex Cross Rates EUR / USD at 1.2929 limit.

The government bond market is a benchmark title 10Y Treasury Note yield came to 1.947%.

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Stručná situace Wall Street: opening 25.3.13 a snaha o kladná čísla

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