New week would probably passed as well as the previous – with a relatively limited number of corporate news, low liquidity and routine economic indicators. However, this poses its own risks and, as it is a low liquidity market movements can be quite sharp and dangerous. Late summer is typically a period in which investors monitor market movements from the beach – season completed reports, and most institutions have made an important decision for the economies are in summer vacation. It is the stagnation in the corporate sector is the main reason not to expect major turmoil in the market. During this week of U.S. data expected new housing market, which will be published tomorrow and Wednesday. Also on Wednesday are expected news on durable goods orders, and on Thursday are scheduled for initial unemployment data. Exactly they managed to stretch the market last week, pushed him down after a surprising increase in the requests for assistance. Most important news for the U.S. will come on Friday and are associated with preliminary data on gross domestic product for the second quarter. On the same day and is expected speech Federal Reserve Chairman Ben Bernanke.
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The crude oil price started running down months, which was caused by weak economic indicators for the eurozone and China. They gave new strength to the speculation that the recovery of global economy from the crisis is slowing. During yesterday’s trading session in New York oil price with delivery in July fell 1.9 percent to 72.58 dollars a barrel. At a certain point of black gold trade was moving with a decline of more than 3 percent as analysts said the main reason for this data were to fall in the PMI index for China May. This morning oil lost another 0.35 per cent to 72.24 per cent, even at night to travel with a decline of over 1 per cent. Thus black gold continues its series of negative, which in May remove 14 percent of its value. Among the key to oil market news was the failure of BP’s shares, which yesterday reported its strongest decline in the past 18 years. They dropped by 13 per cent to 4,3 pounds after the number of forecasts for the cost of cleaning up after the Gulf of Mexico oil platform accident with the company there. Yesterday in London, Brent crude from oil fell 2.6 percent to 72.71 dollars a barrel.
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