Global markets and U.S.A


Global markets were shaken yesterday as a new man back most of the key indicators after data showed slowing economic growth in the United States for previous estimates in the third quarter of the year with a sharp decline in spending on health care.

But indicate the power of investment business activities and the decline in stocks to increase production in the current period. In currency markets the euro rose slightly to 1.3068 dollars but remained hovering near its lowest level in 11 months. The single European currency was further selling pressure as the tender was not granted to the ECB the market confidence that the funding of weak banks in the euro zone will be quick. The dollar index fell slightly to 79.889 and the dollar steadied against the yen at 78.05 yen in quiet trade ahead of the holiday season.

Gold prices fell in thin trading with investors continuing doubts the ability of the euro area to meet the debt crisis after the European Central Bank moved recently to the flow of lending in the region. And acquired banks to loan about 490 billion euros from the European Central Bank for the three-year low-interest wasteful concerns about the crisis lending, but investors are skeptical that such measures could help to resolve the debt crisis puts pressure on the stocks and the euro and pushing bond yields, Italian and Spanish for the rise .

Continues to news from the euro zone to dominate the skies in the financial markets. It fell in the spot market 0.2% to 1612.35 dollars an ounce, down from the highest level in a week when his record of $ 1641.50 in the previous session. There was gold in the United States, little changed at 1614.60 dollars per ounce.

European concerns

In Europe overshadowed by fears for the equity investors. In spite of the rise in the FTSEurofirst 300 index of leading European shares was 0.7% in one of the stages of meetings, the dominant feature of the trading was very cautious by investors. The shares of mining companies and oil, which improves performance with strong economic growth among the top gainers, rising indicator of basic resources, oil and gas 0.9% each.

And European shares fell in the previous session that made European banks, many applications for low-cost loans from the European Central Bank, which raised investor concerns about the funding needs of banks and fueling fears that the use of this money to buy debt of the countries located on the outskirts of the euro area.

And override request loans from banks to the Central European expectations of customers at 310 billion euros, traders said it showed the extent of pressures on banks and it seems unlikely that the banks use loan funds to buy more of the region’s debt-risk.

Said Angus Campbell, head of sales at Capital Sebreds: came requests for loans higher than expected and that’s not good if the banking sector needs to be this much of the funding. He said: The problem in the presence of major risks to the banks that will buy the debt on the outskirts of the region. If you can not economies of Spain and Italy, growth next year it will be the European banks in the larger problem of the current problem.

Japan and America

Japanese stocks fell on profit-taking after gains for a second day in a row. The Nikkei index of 225 stocks by 64.82 points, or the equivalent of 0.77% to close at 9395.16 points, a day after rising by 1.5%. Also fell broader Topix index by 2.65 points, or 0.35%, to close at 723.12 points. In the trading week, the Nikkei index fell by 0.08% and the Topix index of 0.06%.

Due to the Japanese stock market closed its doors on Friday, the day a public holiday, on the occasion of Emperor Akihito’s birthday gala. The U.S. stock indexes closed down on the variation in the Wall Street of the first American on Wednesday, where he remained steadfast in key indicators, indicators, while technology shares declined. Shares of technology and the Nasdaq Composite Index fell 1% after Oracle announced the results cast doubt on the viability of the sector with the rest of the market stable, closed little changed in the movement of a weak deal.