Market Analysis

  

Wednesday, January 20, the main stock indexes of the United States of America against the background of the publication of statements of such companies as IBM and Morgan Stanley, which on a number of indicators not met the expectations of analysts, as well as the threat of tightening monetary policy by China, have finished day with negative result.

Thus, China"s banking regulator announced the intention to limit the overall growth in lending in the country this year, causing investors" worries about slowing Chinese economy and its exports. Continued strengthening of the dollar, at the same time, caused a decrease in the value of Commodities and took down the paper commodity.

published statistics showed increase in the producer price index in December at 0.2% m /m against the expected rate unchanged, while the number of homes started construction in December declined from 574 thousand to 557 thousand units. Analysts expected growth in value to 580 thousand

At the end of trading the barometer of blue chips "Dow sank to 1.14% to the value of 10 603.15 points, while the more" wide "SP 500 index weakened to 1.06% and closed at 1 138 04 points. Rate with a large proportion of the shares of high-tech companies Nasdaq has lowered 1,25% to the value 2 291.25 points.

Shares of high-tech IBM weakened by 2,9% to $ 130.25. The company reported a decrease in revenue from business services in 4 quarts, which include consulting, at 2,8%. Earnings per share in 2010, according to representatives of IBM, will be at least $ 11 per share.

Quotes railroad company CSX collapsed to a maximum in the last 7 months the value of 6.3% to $ 47.35 on the background of the publication of operating profit, is not fulfilled the expectations of analysts. Net profit, meanwhile, grew by 23% to $ 305 million or 77 cents per share.

Papers

lender Morgan Stanley lost 1.7% and ended the day at $ 30.63. The company reported profit from continuing operations of $ 413 million, or 14 cents per share against the average analysts" expectations of 42 cen1000ts per share.

Shares of smaller banks in the background out better than forecast, reporting, however, have finished day with positive result. For example, quotes the world"s largest custodian banks Bank of New York Mellon climbed 4.8% to $ 30,96, while its competitor State Street soared 7.1% to $ 46.28.

Papers of oil giant Exxon Mobil abated from its asset 1,8% and ended the day at $ 68.03, while the mining company, Newmont Mining slid to 4.2% to $ 46,41 against the backdrop of easing oil prices and metals .

Shares

food Kraft Foods became easier on 2,1% to $ 28.78. World famous investor Warren Buffett said in an interview that he considered the value of the absorption Kraft Foods British confectioner Cadbury overstated. Buffett is the head of Berkshire Hathaway - the largest shareholder of Kraft Foods.

Crude oil futures for February delivery at the end of trading lessen costs $ 1.87 and closed at $ 77.62 per barrel. Contracts for gold in electronic trading on COMEX for February delivery fell $ 27.40, and finished the day at $ 1 112.60 per troy ounce. Yield of 10-year Treasury bond dropped from 3.69% to 3.65%.

In currency trading the dollar strengthened its positions against the euro and Japanese yen.

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