Market Analysis

 

Tuesday, January 12, the U.S. stock market has demonstrated negative dynamics, with the broad market index retreated for the first time in 2010 after a series of winning sessions, bidders were not difficult to find a reason to take profits - Alcoa, the first company from the fourth quarter to account for in the index of blue chips, disappointed with the results, China has taken steps to "cooling" the economy and moved to the deterrent measures. Worse market looked high-tech sector.

Following the session, the indicator of blue chips Dow Jones Industrial Average fell by 36.73 points, or 0.34% to a level of 10,627.26 points, the index is a broad market Standard Poor "s 500 has decreased by 10.76 points, or 0.94% to a mark 1,136.22 points and the index of high-technology Nasdaq Composite went in at minus 30.10 points, or 1.30% to 2,282.31 points mark.

Against the background of news about China"s transition to monetary containment of the oil market have intensified selling. The February crude oil futures for light on the results of the auctions on NYMEX fell 2% to a level of $ 80, 79 per barrel. Seemingly lost in value and gold - the February futures on COMEX have lost 1,9% and reached the mark of $ 1,129.40 per troy ounce.

Shares the world"s leading aluminum producer Alcoa collapsed by 11% after that, as after closing the previous session, the company is weak to account for the fourth quarter. Profit for certain deductions amounted to 1 cent per share, ie several times weaker than the average of forecasts, while sales declined by 4,5% to level in $ 5,43 billion

Leading video game developer Electronic Arts has collapsed to 7.8%, disappointing analysts and investors for its preliminary results for the previous quarter. Expected profit of the company was nearly 40% below the average forecast of Wall Street.

Health insurer Aetna lost 6.5% after it issued a not too optimistic forecasts for 2010

At the same time, the insurance company Hartford Financial Services strengthened by 3,6%, expressing positive expectations for operating profit. Earlier, the insurer recorded 5 consecutive unprofitable quarters.

Much worse than the market looked like the banking sector - the situation here crippled rumors about the possible introduction of a special tax on large banks. Shares in banks with major assets of Bank of America lost 3.4%. Papers Goldman Sachs lost 2.2%.

In the commodity sector is also dominated by negative. Leading copper producer Freeport-McMoRan Copper Gold lost 3.8%, oil giants Exxon Mobil and Chevron were without 0,5% and 0,6% respectively.

Forex Market 12/01/2010
Asia: Markets in turmoil, reporting Alcoa disarmed Commodity
Europe: corporate accountability have not added optimism
Latin America: cheaper Commodities played into the hands of the bears
Forex Market. 13/01/2010
Asia: China gave a general collapse
Europe: following statements Societe Generale banking sector had to surrender
USA: pessimists, optimists have won
Latin America: steelmakers and mining companies helped the index to complete trades in the black

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