Rates to America have come to end |
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| Written by news one man | |
| Tuesday, 22 January 2008 | |
Emergency fall of the base interest rate in the USA has not given results practically.Asian markets have reacted to this event only. America has shown small decrease and Europe has opened in a minus having demonstrated true mood of investors. However still in the forenoon the mood of the Russian players has exchanged, indexes have directed downwards. By 13.30 RTS index has fallen on level below yesterday's closing - 1967,05 items, and the Moscow Interbank Stock Exchange index has left to 1633,95, that on 0,17 % there is less than the previous day result. Opening of the European auctions became an occasion to such difference of mood. London FTSE 100 by this time has decreased on 0,53 %, Frankfurt DAX - on 0,22 %. “Have begun as always for health after moderately negative closing of States. However, opening of the London auctions has shown true interests of investors”- “Ak Bars Finans" INVESTMANT COMPANY analyst, Alexander Paramonov explains - in the morning in the market purchases proceeding till 12 o'clock, but when we have seen opening of the London auctions at that have begun that the American futures (which were before in plus) have left in a red zone, there was a desire to record a morning gap». Analysts predict the further decrease on new negative reports of the American companies. Therefore, results of company Apple for the first financial quarter have disappointed investors. Apple has sold 22,1 million musical players iPod, that though has surpassed record sales of the same season of 2006, however it has appeared less expectations of analysts UBS AG (24,5 million pieces). Apple share quotations have fallen to 11 %. A negative can add worsening forecasts of gross national product growth of the USA in 2008. Investment house Merrill Lynch has reduced a look-ahead indicator twice - from 1,6 % to 0,8 %. The behaviour of our market will depend also on an external conjuncture. «The increased volatility, - ”Maksvell Capital" INVESTMANT COMPANY assets operator, Alexander Prishchepov ascertains - Internal reasons for correction are not present. We think that the market will be restored as a result, but not so fast». However, if not an emergency measure of the Federal Reserve System, all could be much worse. «Somewhat the decision of the Federal Reserve System has constrained a collapse, but to say, that it has led to a turn, while early. We can continue decrease after that small rebound», - Paramonov considers. Experts believe that the Federal Reserve System will reduce the refunding rate once again. «It is expected a next fall of 0,25-0,5 %», - Prishchepov speaks. Quotations of futures on interest rate level in the USA show that the probability of its decrease from present 3,5 % to 3 % the market evaluates in the order 80 %. News location: Russian stock market; Article about: share market, finance, currency, exchange transactions; News source: Gazeta.ru |
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