RoyalMaxBrokers omechaet that on Friday the markets of risky assets showed a decrease once again, despite the fact that many players were fixed short positions before the weekend.The main European stock indices lost 0.1% to 1.3%, the US S & amp; P500 and Dow Jones fell 0.7% and 0.6%, respectively.
EUR / USD traded down on Friday to a new low 1.2639, the pound sterling - to 1.5731 for the pair GBP / USD, and the Japanese yen strengthened to the level of 78.98 the pair USD / JPY.
RoyalMaxBrokers highlights the fact that, nevertheless, after the past weekend summit of leaders of the G-8 in the markets there were some grounds for optimism.To a large extent the theme of the summit was the situation in the eurozone.All G-8 countries urged Greece to stay in the eurozone, while respecting its commitments.In many ways, further developments will depend on the next EU summit, which will take place on Wednesday 23 May.As for Greece, the public opinion polls in the country show that the party campaigning for and against the conditions of crisis management of EU assistance, are roughly equal electoral support.According
On reviews RoyalMaxBrokers , one of the main economic news this weekend were the statements of the Prime Minister of China Wen Jiabao that the government of China intends to use all the basic tools of fiscal and monetary policy to stimulate rapid economic growth.Comments Mr. Venia at the opening of foreign exchange markets and the Asian stock markets has triggered a wave of risk buying on expectations that China will continue to ease monetary policy, which should benefit all of its trading partners.
RoyalMaxBrokers believes that in this way, the expectations of the upcoming summit of the EU and the statements of the Chinese Prime Minister paved the way for the long-awaited rebound.EUR / USD traded rushed to the level of 1.2800, the pound weight by up to 1.5825 and the yen weakened to 79.20 for the pair USD / JPY.Futures on European and US stock indexes are also in the green zone, and the Japanese Nikkei225 adds 0.4% at 9:20 (MSK).
According RoyalMaxBrokers leaders of Germany and France will meet today to discuss the most important economic issues on the eve of the EU summit on May 23 while German Finance Minister Wolfgang Schaeuble will meet with his new French counterpart Pierre Moscovici.
Quotes of gold rose a third day in a row, showing better dynamics compared with the stock of assets and other commodities, fell down at this time, on the eve of a meeting of the German and French leaders today, and also against the background of the Chinese government's intention to focus on stimulating growth.Following the rise in gold also quotes platinum and palladium.
Quotes of gold on the spot market rose 0.3% to 1598,25 $ / oz, the highest level since May 10, as of 11:00 am Singapore time.At the end of the week the price of gold rose 0.9%, the first week of growth of the last three.
Nevertheless, it is still too early to talk about the smashing of a downtrend in the gold market.The situation will become clear if the quotes can break through and gain a foothold above the psychologically important level of 1,600 $ / oz.
Oil futures rose for the first 7 days after Goldman Sachs Inc.He stated that "the balance between supply and demand for oil is displaced, while the Chinese government intends to stimulate the national economy."Futures rose 0.6% after falling by nearly 7-month low on May 18th.Continued drop in prices of oil is not guaranteed, according to Goldman Sachs.
Yesterday, Chinese Prime Minister Wen Jiabao said that the Chinese government to focus on measures to maintain high economic growth.Before this statement, oil prices fell amid rising production of "black gold" in Saudi Arabia in March rose almost to the maximum in the last 30 years.
June futures for light, sweet crude rose $ 0.56 to $ 92.04 / barrel on the NYMEX and were at $ 91.84 / barrel at 1:40 Sydney time.Futures dropped to $ 91.48 / barrel on May 18, the lowest since October 26, 2011 level.June futures for Brent crude oil rose 0.6% to $ 107.80 / barrel on the London ICE.
