Cheapen the dollar and gold

Weak reports on Microsoft and Amazon could not darkened overall optimistic mood of the stock exchanges and the U.S. indices closed in positive direction, as an exception made only Nasdak. Published financial statements of 184 companies present, 77% showed better results than predicted by Wall Street. These optimistic data to increased risk appetite of market participants and led to a cheaper dollar and the yen.
During the U.S. trading session were published data on consumer confidence in the U.S.. In July it decreased to 66 percentage points to 70.8 points in June. However, it remained above the estimated market values of participants 65.1 points.
Poevtinya British pound after a report showed more than the estimated contraction in gross domestic product (GDP) of the UK. The data showed that in the second quarter of this year, the country’s economy has Svilen by 0.8 percent over the previous quarter and 5.6 percent versus the same quarter of 2008. This is the strongest decline in the British economy from 1955 onwards and has led to cheaper sterling to 1.6426 U.S. dollars. British gave currency to the euro by 0.8% and reached 0.8650.
Today will be published index of housing prices in the UK. The forecasts are for growth of 0.3 percent in July compared to the previous month.
Later evidence of the property market is expected from the United States. Some analysts expect sales of new homes in June to increase by 2.3 percent to 357 thousand to 342 thousand in May.
Gold poevtinya after the shares rise decreased demand for precious metals as an asset to store value. Standard & Poor s 500 and Dow Jones increased for the second consecutive day, Dow Jones crossed the threshold of 9000 points for the first time since January.
Futures delivery period with the month of August decreased by 1.70 dollars or 0.2 percent to 953.10 dollars for troy ounce. To get the gold last week by 1.7 percent due to cheaper green money. The price for immediate delivery rose by 3.31 dollars or 0.3 percent, to 952.46 dollars for troy ounce.
Oil get up to three after increased speculation that the recovery after the end of the recession will increase global demand for precious raw materials. For the last week the black gold added 7.1 percent to its value.
Futures with the period of September delivery traded 89 cents more expensive, or 1.3 percent, to 68.05 dollars per barrel. Variety Brent traded in London, to get 1.07 dollars or 1.5 percent, to 70.32 dollars per barrel.
The price of oil is 53 percent higher than the beginning of the year and also lower compared to the maximum reached 147.27 dollars per barrel before nearly year. For this week, according to a study conducted among leading analysts, 52 percent of them expect the price of oil falls. On the contrary opinion, are the other 48 percent.

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Finance

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