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New heights in the U.S., with a further increase in Asia |
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The atmosphere in the world market is starting to be so good as to be suspect. The Dow Jones back above the level of 10 thousand. points for the first time since. Established a new peak of S & P.
All thanks to good results, Intel and JP Morgan, which have been embellished with a macro as well as good data (smaller than expected fall in retail sales). In response to the records in the U.S., Asia index rose the third day in a row, but this time only on the wave of expectations, rather than positive information. Japan's industrial production grew by 1.6 percent. in August, but not by 1.8 percent. as previously given, but despite this the Nikkei gained 1.8 percent. (eg through a recommendation to buy Panasonic shares issued by Credit Suisse or having increased listing of Honda on the wave of speculation that it will not issue shares). In Europe - in defiance of its own momentum - the mood that they can be so good, though it must be remembered that most of the positive information has been discounted already yesterday, and today we need are new. Fuel further increases may be the next quarterly reports in the U.S. - today announce they include Citigroup and Goldman Sachs and Nokia. We shall also index the Empire State in New York and the Philadelphia Fed, but with a good mood, even the possible appearance of bad data in no way interfere.
You will probably WIG20 an opportunity to overcome the summit at the end of August. Do not use this option would provide a potentially negative consequences, but there is nothing to worry about the store. Reasons to worry about is the Treasury and Minister for Finance, for an investor to sell a sectoral Enei failure, and the budget is waiting for the money. In those days, however, MF may easily sell more bonds than assumed. Subject returns to the markets, where sentiment is worsening.
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