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Friday, February 25, 2011
Risks Strike Back
We saw a slight reversal. Stocks started poorly against a decent growth in the Swiss franc and the yen during the night, we saw something like a retaliatory strike yesterday at lunch. Oil back below $ 100 a barrel, which should return the shares close to the same position. Meanwhile, Aussie threatens to fall below par. Sterling - the main exception, he was slightly injured from a less hawkish comments of the Committee on monetary policy during the night, as well as from the weakness of the survey data on retail sales. The data showed U.S. housing price drop in December at 0.3% compared to the previous month, the same general decline lasted 8 months from 12 in 2010. Sales of new homes fell by 12.6%, overall sales fell to a level last November. At the moment, oil is likely to make news on Friday, the market remains undecided issues ranging from inflation to concerns about growth.
