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Johnson & Johnson did not help |
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On Tuesday, the American markets did not hit any macro, so players had to settle for information from companies and companies and how to behave in other markets. And there the situation changed very quickly.
The foreign exchange market exchange rate EUR / USD defeated resistance in September and jumped on the level unseen since (1.4874 USD), but then began to turn (following the falling indices) and ended below the resistance days. Losing the value of the dollar rose, oil prices, which helped also by the OPEC will increase the demand forecasts for 2010. However, resistance has not yet been overcome. Established a new record price of gold (in dollars). However, the price of copper fell. Employees Group Rio Tinto Group claim that there is a growing demand in the U.S. and Europe. Decreased yields (increased price), because Donald Kohn said the Fed's vice president, it is unlikely that the transition from recession to recovery, which take the form of the letter V. Now it should warn equity markets, the indices found their way too high. Players, however, almost did not know it, or not particularly with this (from the beginning?) Took over. Bulls harm quarterly report Johnson & Johnson (the company defensive sector - health care). Was inconclusive because profit was slightly better than expectations (you can add: of course, was better). Helped the company cut costs, rather than increasing revenues (were lower than expectations), yet the costs can not be cut indefinitely. Helped bulls that JP Morgan raised his recommendation for a number of retail sector companies, but harm reduction in the financial sector by the influential analyst Meredith Whitney recommendations for Goldman Sachs.
When it starts, the S & P 500 dives. NASDAQ behaved slightly better than the broad market, as they waited for results from Intel, and Cisco announced the acquisition of Starent Networks. After an hour of optimists began to buy shares harder leading S & P 500 close to Monday's closing level. Since then, the index again began , but the bears have enough strength. We managed to end the session neutral, at least not a predictor. We are waiting for stronger signals. Stock Exchange on Tuesday began the session a slight decrease, which then rapidly worsened. Was not large - WIG20 lost less than one percent. Turnover was small. Players waiting for developments. After the publication of weak ZEW institute's index drop index increased. Then it lost almost 1.5 percent. Weighed heavily on the index, the strongest decline in the share price of KGHM (padding the upper channel trend, reduce the side - then it changed a little). Under the influence of returning to previous levels of European indices also in our WIG20 began around noon losses. Before the wake-up call in the U.S. were already at the previous level of stability, but the market reaction to quarterly reports from Johnson & Johnson once again put the supply into the game. It seemed that the days will finish the 1.5 percent decline in the index, but from what we end the session? We watched another wonder-fixing, which WIG20 rose by 25 points. So the session ended in cosmetics fall. Of course, again, nobody will pay attention to market manipulation. Today we will respond to the morning after the session published in the U.S. Intel's quarterly report. But this is not something that should lead to a morning end. A lot can still happen. The end of the session will decide on the reaction of global markets quarterly report JP Morgan Chase and sales data in the U.S..
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