Feedback from RMB Company, positive expectations from the ECB meeting on Thursday and, to a lesser extent, from that the Bank of England until allow market participants to ignore some clearly negative news.For example, the other day it became known that Slovenia, which joined the euro zone in 2007, could become the 6th country eurozone to apply for financial assistance from the EU.Problems with the budget of the country started after the grant of state aid the largest Slovenian bank Nova Ljubljanska Banka ddPrime Minister Janez Jansa said that Slovenia risks repeating "Greek scenario", but the government is "doing everything to find a way out" and avoid the need to seek international assistance.Somewhere we have heard it all, does not it? ..
Research Department RMB Company recalls that in the US today will celebrate perhaps the most important national holiday - Independence Day.In this regard, market participants are "deprived of" traditional macroeconomic data protection to change the number of jobs in the private sector from ADP and commercial stocks of crude oil from the US Department of Energy.The lack of activity on the part of US banks and investors will also affect the foreign exchange markets, which are now held in a "thin market".Market participants will continue to monitor the comments on tomorrow's meeting of the ECB and the Bank of England.Speculative pay attention to the publication of the PMI index of the service sector of Great Britain at 12:30 (MSK).
The single European currency over the past day has not changed from the level of 1.2600, while the behavior of the markets of risky assets in general was characterized by moderate growth against the backdrop of an increasingly consolidating market view that central banks will be forced to announce new measures to support sufferersfrom the financial and economic crisis economies.This suggests that the rate cut by the European Central Bank, which is expected on Thursday, is not likely to become a stimulus for growth in the euro, which, incidentally, is not surprising.
Sterling fell within the 0.2% to 1.5670 on the GBP / USD pair on a background of weak data on the PMI index of the construction sector, which in June amounted to 48.2 after 54.4 in May (a value below 50 indicates a decreaseeconomic activity (production) in the sector), although the statistics on retail lending and mortgage loans has been quite positive.
European stocks DAX30, CAC40 and FTSE100 gained 1.26%, 0.96% and 0.83%, respectively, of the American "colleagues» S & amp; P500 and Dow Jones grew heavy 0.62% and 0.56% respectively.The data on industrial orders in the US rose for the first 3 months, which is also under -derzhalo positive attitude.
