News: "the Review of the world markets for 16 - on October, 22nd, 2011"

Sergey Egishjants, "Super-about saves the world"
Far their democracies to sew the sovereign!

Good afternoon. The Libyan war at finish – Kaddafi is killed; we wait for feats of the new power – while at all revolutionaries in a portfolio one epik fejly. In Switzerland on Sunday elections – the right party victory, chajushchej to overcome immigration is expected. Russia expostulates on shtatovskuju the ABM – the special representative of the president Rogozin has given birth to super-idea: to create joint system which will be at war with space muck – to begin with with asteroids, and there and aliens we will reach; in general, as in insurgents – Medved has welcomed all prozhekt the majestic resolution "zanjatno". Movement "Occupy Uoll-Strit" has carried out actions for all Europe: hot Italians even have burnt a building of the Minister of Defence, for what have received unflattering epithets from the power. At military men of Britain other cares – "friend" of minister Fox about whom we wrote one week ago, has deceived business partners, it being represented by the visible cone and receiving favourable contracts; Fox "dokushal also has finished a cucumber with mukoju: There was our father not the father, and sukoju "– that has not rescued him for journalists have revealed its frauds with money of"friend". To the USA pre-election race – Obama has arrived to Richmond for performance but while was going to say" Years mi spik from May hart ", severe virginskie guys have withdrawn the truck with chair and the teleprompter from hotel Marriott parking, have cleaned and have thrown; expert in kremlenologii and inclined to konspirologii people have noticed that, unlike Russia, in the USA the two-party system, therefore Party of swindlers and Party of thieves compete with each other – here and result. Far their democracies to sew the sovereign!

Illustration: artyom Priests, Ah Ti Invest

The summit, still the summit

The monetary markets. As always, the concourse of the financial authorities of the Twenty has come to the end with anything – even the decision on escalating of reserves of IMF which waited, it is not accepted under the pressure of Germany and the USA; as a result all was postponed before summit G20 top-level which will pass in Cannes on November, 3-4rd. Germany and France want to impose the tax to financial transactions – but here against the USA and Britain for which these transactions are an appreciable source of the income. Meanwhile, a financial system again ploheet: in the USA 5 from 6 leading emitters of credit cards have informed on increase in delays of payments on maps; in revenge banks enter the commissions for purchases on debit cards. Users swear and search for alternatives – one of them has offered a successful exit:" Buy the big mattress and put money under it – all the same the bank percent is close to zero, and the mattress does not demand penalties ". More and more people in Fed wants to start purchase of mortgage papers for stimulation of the markets – well-well. From Central Banks has caused a stir Brazilian, in the second consecutive time lowered the rate on 0.5 % because of obvious delay of economy – however, percent all the same velikovat (11.5 %). The bank of England at last session has shown rare unanimity – both in preservation of rates, and in expansion of the program of quantitative softening.

In Europe prayed on EU summit on Sunday – even named its "historical"; optimists were cooled by bewitched friends Germans and Greeks – the Minister of Finance of Germany Shyojble and the prime minister of Greece Papandreu advises not to hope for this action; by a weekend it became clear, had not time that to agree – therefore on Wednesday there will be one more summit! The hearing about investment stabfonda EU by the right to buy up bonds of rather safe countries was carried by – but acknowledgement are not present; data on a secret meeting of leaders of EU, ETSB and IMF in Frankfurt have not come true also. The situation in Greece all is clearer: already and Shyojble has informed parliamentary committee that does not exclude a default of Ellady; Moody's has directly declared that the Athenian government will not manage to avoid bankruptcy. Having facilitated soul, the agency was engaged in another matters: Cut off a rating of the Spanish state bonds and has warned that within 3 months can reconsider the forecast of a rating of France with stable to negative – if the Parisian government does not succeed in budgetary and economic reforms; S&P has lowered a rating of Slovenia. In the answer the commissioner of EU on home markets of Barne has suggested to forbid to agencies to estimate somehow ratings of the problem countries of an eurozone – on chinovnoj to the logician if to close a mouth to agencies at once will come blagorastvorenie vozduhov.

The currency markets as a whole are quiet – euro flied upwards-downwards on inconsistent hearings about feats of officials, and the yen has noted new record peak. Net-shorts on euro it was reduced, but remained impressive – the European currency has a growth potential, but the lion's share of last week was occupied with correction. Banks of Japan and Korea have expanded agreements on currency swaps. More and more firms of Switzerland close manufactures in the country, deducing them abroad – franc still the expensive; the federation of trade unions SGB insists, that the Central Bank has lifted the bottom threshold of a cross-country-course euro-franc with 1.2 to 1.4. Similar processes in Japan – now Nissan has dared to deduce for limits of the country release of some models: yen road – and demand everywhere is weak now.

Stock markets. Leading indexes twitched upwards-downwards, only at a stock exchange of Shanghai a new minimum. Reports leave actively and is inconsistent: someone is good, someone is bad. Banks strenuously reduce reserves under bad credits: profit Citigroup on it has grown twice, and Bank of America – even in 3.5 times. Goldman Sachs has shown only the second in the history quarter loss, and its size was much above market expectations, and a gain – is obvious more low; the falling short is noted and at Wells Fargo – though here nevertheless there was a profit. UBS will sharply compress scale investbankinga – and after all the weight of money when UBS has absorbed business of the old partner of Rotshildov Varburga has been spent for it. Report American Express is quite good – but the market is dissatisfied with growth of costs on 13 % because of the slack demand demanding more and more spice-cakes on stimulation. From brokers we will note the weak report eBay, and also insistings of regulators to MF Global to increase the capital – the company aggressively bought up recently euro-periphery bonds: To that the reason its head Korzajn, the former top-manager Goldman Sachs (after which he has had time to work the governor of New Jersey) – alas, Goldman's strategy work only in a combination to its mighty administrative resource.

Source: SmartTrade

The market has accepted numbers IBM badly (they have not held on to forecasts), but Intel has pleased; flooding in Thailand have broken work of factories Western Digital – having undermined positions of actions WD and its partner Hewlett-Packard. Slightly podsdulas Apple: the profit and a gain have considerably conceded to expectations of analysts – but forecasts are optimistical. Dim enough report Microsoft was and is accepted accordingly – results and forecasts ordinary. Has nasty acted AT at Nokia a loss (sales of mobile phones and total receipts fall) – but experts were afraid of the worst; without especially shine (but also it is completely not awful!) has reported Verizon; and only Yahoo has definitely pleased with the indicators. General Electric has afflicted sharp (in one and a half time) with delay of inflow of new orders – but has calmed Honeywell. In a consumer sector (Coca-Cola, Johnson and Johnson etc.) All turned sour: numbers averages, forecasts languid – with present demand you will not clear up. At airlines (American Airlines, Southwest Airlines) losses because of launch of expenditure for fuel (on 40-70 % for last year).

The commodity markets. The commission on trade in commodity futures (CFTC) has entered restrictions on number of open speculative positions for each participant of the market – on the foodstuffs, fuel, metals and other actives; republican committee-men voted against – considering that it is not necessary to interfere with powers of an invisible hand of the market. Oil twitched, industrial and precious metals fell – especially aluminium and copper. Grain, leguminous, a forage, the clap and vegetable oil looked poorly; meat and milk rest; fruit is still expensive.

Source: Barchart.com

Fog of Andromedy

Asia and Ocenia. Gross national product of the Peoples Republic of China in the third quarter has grown on 2.3 % by April-June and on 9.1 % by July-September, 2010 – last number is minimum since 2009; investments into fixed capital – however were slightly slowed down also, growth on 24.9 % following the results of January-September more than is impressive, however guards reduction of capital investments of firms of the USA (on 10 %) and EU (on 2 %). poduspokoilsja and the habitation market – the prices not so are fast, as the last months. On the contrary, acceleration is noted in industrial production (+1.2 % a month and +13.8 % a year) and retails (+1.3 % and +17.7 % accordingly) – in general, statistics mixed. The government of Japan for half a year has lowered for the first time an economy estimation – a pier, "is slowed down", the wretch. Industrial release for August have reconsidered downwards on 0.2 %; the index of business activity in all branches of economy has decreased on 0.5 % advancing indicators – on 0.3 %, and the average salary – on 0.4 %. In September of sale in supermarkets have appeared on 2.4 % more low, than year before – in August dynamics was better (–1.7 than %). Advancing indicators of Australia from Westpac in August have grown on 0.8 %; the business trust under version NAB in the third quarter has left in a minus – and all voices more strongly sound that the economy of green continent can appear through any time in recession.

Europe. The forecast of gross national product of Germany for 2012 is lowered by the government from +1.8 % to +1.0 %; expectations in Britain from Ernst and Young ITEM Club are cut down from +2.2 % to +1.5 %. In industrial orders in August Spaniards have noted improvement (+9.3 % a year against +2.6 % in July), as well as Italians (+5.0 % a month and +10.5 % a year); the building sector of an eurozone hardly has swelled (+0.2 % by July), and in EU as a whole it remained without changes. The index of economic expectations of Germany from ZEW in October has fallen to a minimum since November, 2008; a similar picture in an eurozone – but in Switzerland small recoil, though also natural after a wild collapse of September. Business activity falls in Germany (from IFO) and France. Foreign trade of Switzerland in September has experienced a sharp case of franc – export has flied up, the balance has improved. The prices of manufacturers of Germany in September vspuhli on 0.3 % a month and 5.5 % a year; In Britain CPI has flied up on 0.6 % and 5.2 % (historical peak), and street prices – on 0.8 % and 5.6 % (top since June, 1991). The British mortgage is again compressed, and the prices for habitation grow – and the difference between the south and the north has exceeded 2 times. Moods of consumers of the Netherlands in October have reached a 2.5-year-old bottom – logically in the light of unexpected growth of unemployment in the country; British have grown dark to levels of April, and evrozontsy – summer of 2009. Registration of new cars in September was above, than one year ago, only in Germany – other leading EU countries (including Britain) in a minus. The German retail for August have reconsidered upwards on monthly dynamics and it is sharp downwards – on annual (from +2.2 % to–0.8 %); a similar picture in Britain – because of what even sudden splash in September has not allowed annual growth to surpass forecasts.

Source: ZEW

America. The beige book of Fed has noted insignificance of growth of economy, fears ritejlerov about demand during a celebratory season, weakness of the market of real estate and financial activity – but revival in spheres of tourism and sales of motor vehicles. Industrial production in September has grown on 0.2 % (as well as one month earlier), and loading of capacities has not changed. Index FRB of New York in October has not improved – fresh orders and employment do not fall any more, but stocks have grown and the general size of a portfolio of orders was compressed. The same indicator FRB of Philadelphia has suddenly jumped up to semi-annual peak – but also here guards active accumulation of stocks. Advancing indicators in September have grown up on 0.2 %; in Canada they have unexpectedly dropped to 0.1 % after stagnation in August. Inflow of foreign money to securities of the USA in August it is expected it was restored – then altercations about a state debt ceiling have ended, and the Exchequer began to place new papers; Nevertheless, the portfolio of China has considerably grown thin – but it has been compensated by Britain, Caribbean Islands and Japan. The prices of manufacturers of the final goods in September have flied up on 0.8 % a month and 6.9 % a year (it is real more – without hedonistic perversions the annual increase will reach 8.5 %); on all goods of the price for 12 months have swelled on 10.3 % (actually 11.8 %). Consumer prices have added 3.9 % (peak since September, 2008) – and is real over 7 %; inflation without the foodstuffs and fuel account is maximum since November, 2008 (officially +2.0 %, are real above +5.0 %). In Canada consumer prices too have suddenly moved upwards – more shortly, inflation does not recede.

Habitation sales in the secondary market have fallen to 3 %; the number of new buildings has jumped up on 15 % because of apartment houses rushing about upwards-downwards: without them of +1.7 % a month and–4.9 % a year; building licences have given; really under construction one-family houses became less on 0.4 % so annual recession has reached 12.2 %. The fresh data is inconsistent: the index of the market of habitation NAHB/Wells Fargo has flied up to peak since May of last year – but the index of loans on purchase of habitation from Association of savings and loan associations has failed to a historical minimum: it thus that rates under credits at a record bottom. The index of consumer comfort from Bloomberg has a little departed from a bottom – in general there is a sensation that Americans hardly have reduced degree of pessimism and succession of events wait. Primary references behind unemployment benefits keep above 400 thousand; the repeated have grown on 25 thousand – and for have as much reconsidered upwards the data of the last week. Wholesales in Canada in August in nominal expression have grown on 0.2 % a month – with the inflation account there is a minus. Deficiency of the federal budget of the USA in September has made 64.6 billion dollars (one year ago was 34.6 billion), and incomes have fallen to 2.1 %; as a whole for a fiscal year the hole in treasury has made 1.3 bln. dollars (almost 9 % of gross national product) – again having surpassed last year's, let and all on 5 billion how problemny affairs in States, intention of their authorities indirectly speaks to distribute entry visas to foreign buyers of habitation for the sum over a half-million of dollars – to this day the strongest countries of the world abstained from granting of such privilege.

Source: 4Cast

Russia. In August of balance of trading balance was the worst since November. In September industrial production has fallen on 0.3 % by August and has grown on 3.9 % by September of last year (the minimum growth since 2009) – but investments into fixed capital were accelerated (+8.5 % a year against +6.5 % in August). The Agriculture has flied up on 29.5 % because of effect of low base of last year – grains for October, 1st is collected 65.2 million tons against 43.5 million one year ago (but in 2009 was 68.9 million) ; The animal industries give miniincreases; timber cuttings accelerate recession. Building in plus on 16.5 %, habitation input – on 21.7 %: the same reason – last year's heat. Transport was slowed down – only +0.5 % a year, and at the railways-0.1 %. Expansion roznitsy (+9.2 %) is maximum for years – binge on loan spreads; consumer prices remained at level of August and have grown on 7.2 % by September, 2010 (the fixed set of the goods and services has shown–0.5 % and +7.8 % accordingly); the prices of manufacturers were compressed on 0.7 % a month and have swelled on 18.0 % a year. Real had incomes have increased by 3.2 % a year, and the real salary – on 6.2 %: with the account of understating of inflation of an increase is weaker; unemployment has decreased – in general, all is good, the fine marchioness. By our calculations, gross national product in September has grown on 3.5 % a year, and in the third quarter – on 2.5-3.0 %; the semi-official organ will show more. Export of the capital by a private sector grows: for the first 9 months has flowed away 49.3 billion Than dollars – was worse only once, in 2009. On the next concourse of the CIS of the head of the governments "it is unexpected for itself" have signed the contract on free trade – Putin even had to change speech on the move.

At a meeting of Medveda with supporters the Chelyabinsk metallurgist has told, how life after a meeting with the president half a year has changed back: trams go, the salary have lifted, stolovku have repaired, with a family have gone on the sea – and even by own strength "have improved a demographic situation in the country"; medved has decided that time at it such remarkable supporters, for them it is necessary to make "the expanded government". Putin is offended by comparison with Brezhnev:" The Soviet heads could not and owing to a physical status, and owing to misunderstanding that it is necessary to do. Perhaps, also would move, only did not understand. Also there was no will that it to do "– and is true, where it to a Putin way of life of type" I floated in submarines, flied in planes, threw on tatami and put on work ". The prime minister has visited celebrating of the 200 anniversary of Tsarskoje Selo lycée, having forced pomyorznut and to blot Pushkin scholars – as confirmed a joke, the office of deep drilling loves Pushkin for a phrase" Smother fine impulses!" At Putin the supporters – they have supported the Euroasian union and have punished, that the fog of Andromedy became its ideological basis! The other authorities not so are creative: Matvienka has made the assistant head poselkovogo electoral committee (it at all a hint); FMS wants to deliver to Russia of even more migrants; Ministry of Health has issued the order depriving schizophrenics and paranoiacs of access to state secrets; the average size of a bribe in the country has grown for a year four times. Public responds as can: "the National share" in protest at poverty in Russia has grasped a cruiser "Aurora" and has hung out a piracy flag. Elks began to get drunk with the begun to rot apples and, running out on highways, to plunge into temptation of motorists – it is necessary to think, to elections will appear in time medvedy in the caps with ear-flaps, drinking the vodka, having a snack caviar and playing balalaikas.

Illustration: artyom Priests, Ah Ti Invest

Good to you of week!

Source: itinvest.ru