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American premarket from Sergei Kostenko
04.09.2012
Wall Street shows real concern about the plan of the ECB..
The U.S. stock market was closed yesterday due to the celebration of the Labor Day.
U.S. stock indexes for the previous trading day closed at: DJI-13,107.48 (+0.03%); S & P 500 - 1,410.49 (+0.08%); NASDAQ Comp. - 3,081.19 (+0.13%).
On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,403.80 (-0.09%). U.S. markets will open neutral.
Oil futures in London before the opening of the New York moving in different directions due to expectations of stimulus from the FED and the ECB, as well as to the hope that the Chinese regulator is also not going to stand by and start to support the national economy.
Oil futures on Brent Oil (ICE) day at 116.05 (+0.23%), U.S. WTI oil (ICE) 96.92 (-0.23%). Gold futures stood at 1,693.50 (+0.35%), copper quotes at 347.90 (+0.64).
Goldmann Sachs Commodity Index XOI in the last session stood at 1218.62 (-0.95%).
AMERICAN premarket 04/09/2012
In the currency market, the dollar gets some support in anticipation of the ECB on repurchase of debt securities of troublesome countries. Up to this point the euro grew because of stabilizing of Europe due to the expectations of the ECB. At the same time, if the data index of business activity in the manufacturing sector of the U.S. ISM will be worse than the forecast, it could lead to a local decrease of the U.S. dollar.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.22 (-0.01%).
Prediction of the day:
The expectation that the FED may launch new incentives, affects the dollar, but it is necessary to consider the possibility of including the printing press in the eurozone, which will undoubtedly have a negative pressure on the euro. But before that happens, the market will try to understand the real volume of short-term bonds redemption, which will be announced by Drage on September 6. And if he won’t be able to see that, it can lead to a local sink of the euro.
Events today:
Moscow time
17.00 U.S. Final data on the index of business activity in the industry in August n / a; 51,9; 51,9
18.00 U.S. Index of business activity in the manufacturing sector from the ISM August n / a; 50,1; 49,8
18.00 U.S. The volume of expenses for the construction of in July n / a; 0,4% m / m, 0.4% y / y
18.00 U.S. Producer price index from August ISM n / a; 46,7; 39,5
allday U.S. car sales year on year in August n / a; 14,1 million, 14.1 million
Sergei Kostenko
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