Market Analysis

 

At Thursday, January 14, the vast majority of stock markets in the European region has completed the session in positive territory thanks to an increase in employment in Australia by an amount three times larger than analysts" forecasts, as well as more significant than expected industrial growth in the euro area.

In December last year the number of employed in Australia grew by 35 200 people, while expected to increase to 10 000 people. At the same time, unemployment declined from 5,6% to 5,5% against the expected growth rate to 5,7%.

Industrial production in the euro area rose in November at 1% m /m, while analysts predicted rate increase by 0,5%.

Further support for the regional index was news from the U.S. - according to the Fed"s Beige Book, in 10 of the 12 federal regions have improved their economic performance, that inspire some optimism in market participants.

As a result of trading a key index of the UK FTSE 100 has become harder to 0,45%, French CAC 40 index rose to 0,37%, while the German DAX closed in positive territory at 0.43%. Regional index Dow Stoxx 600 added to its asset 0,72% and closed at the level of 258.8 points. An exception to the overall positive dynamics was only the Belgian market.

The third-largest global mining company Rio Tinto Group said that iron ore production rose for the three months to end December 31 to 49% y /y and amounted to 47.2 million metric tons. As a result, shares of Rio Tinto Group gained strength at 2.23%.

Papers of the world"s largest steel worker ArcelorMittal advanced to 2.46% on the background of increasing their ranking analysts Exane BNP Paribas.

Once the world"s leading developer of software for Enterprise Management SAP stated that the annual revenue exceeded analysts" expectations, while operating margin was higher than the preliminary forecasts, it quoteshave increased by 1,9%.

The world"s largest sugar refiner Suedzucker earned at the auction 7,08% of market capitalization - the net profit in the third quarter more than doubled and amounted to 56.7 million euros ($ 82 million).

Shares of German drug wholesaler Celesio jumped 9.67% due to increase their rating analysts from Deutsche Bank to "hold" to "buy".

The second-largest French carmaker Renault has reported a 40% increase in sales nom-up to December 2009. As a result, the paper Renault "recovered" at 0,19%.

Against the background of recommendations for lowering Securities Deutsche Boerse, operator of the Frankfurt Stock quotes stock exchange retreated to 1.51%.

British retailers have completed trades in the red zone. In spite of good data on sales during the holiday season, representatives of the Home Retail and DSG International said that in 2010, has yet to overcome some difficulties due to uncertain outlook for the economy. As a result of trades DSG International and Home Retail abated from its asset 6,24%.

Technical analysis of the currency pair USD /CAD
Forex Market. 14/01/2010
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