Investment of Mine

The closing bell of the stock market:

Nikkei  +15.29 +0.1%  12,768.25
Topix -4.16 -0.3%  1,219.53
FTSE   +73.10    +1.32%    5,601.20
CAC    +88.41  +2.02%  4,461.49
DAX   +99.51    +1.57%    6,420.54
DOW +212.67    +1.85%    11,715.18
NASDAQ +29.18    +1.22%    2,411.64
S&P 500 +19.02    +1.48%    1,300.68
10yr Note    +0.2300    +0.061%    3.795%
NYMEX Crude Oil   -2.56    -2.17%    115.59
Gold    +3.20    +0.38%    837.20

European major indices ended Thursday’s trading session growing. Investors’ interest was concentrated on the stocks of export companies and banking establishments. National indices rose on the 17 out of 18 West European markets. The stocks of export companies were supported by the strong data of the USA economy, which are the main outlet for the majority of the European exporters.

The stocks of the world second largest building materials manufacturer – CRH – grew 4.9 %. About 50 % of sales falls on the USA. German Siemens’s stocks grew 2.2 %. Siemens sells about 20 % of its goods in America. The stocks of the banks grew as well: UBS (+4.6%), Barclays Plc (+5.8). The French bank Credit Agricole announced that its tier one capital was stable. Last month the bank drew in $5.9 billion of added capital. After this announcement Agricole’s stocks jumped 8.9 %.

BT Group Plc.’s stocks grew 4.4 %. Goldman Sachs Group Inc. raised the stocks rating of the British largest telephone company from “neutral” to “buy” basing on the fact that the risk of the given stocks was included into their price.

On Wednesday Wall Street major indices grew. Nine out of ten economic sectors ended the trading session above 0 mark. The announcement about sudden growth of the durable goods orders supported the indices, overshadowing the new wave of oil prices growth.

According to statistics in July durable goods orders grew 1.3 % while the analysts had expected 0.1 % growth. Besides, the index rate of the previous accounting period was overviewed in terms of its growth (from 0.8 % to 1.3 %).

Oil prices went up since another economic report showed the reduction of petrol and oil in the USA up to 1.2 million and 0.2 million barrels, correspondingly. Apart from this, the growth of the price on the “black gold” was the result of the announcement that tropical storm Gustav had approached the borders of the Gulf of Mexico. Oil prices ended the trading session at the mark $118.25 per barrel (+1.70%).

Financial sector was supported by the growth of mortgage companies Fannie Mae (+0.86) and Freddie Mac’s (+0.76) stocks. After the closing of the trading Standard and Poor’s on Tuesday confirmed the credit rating of the companies supported by the government.

Amylin Pharmaceuticals’s stocks (- 6.76) fell 25 %after the company’s partner Eli Lilly (-0.15) had reported about unsuccessful testing of Byetta medicine. At the same time Bristol-Myers Squibb (-0.45) and Pfizer (-0.20) underwent losses as well after the medicine Apixaban designed by the company did not turn out what it had been expected.

Closing bell of the stock market:

Nikkei   -99.95 -0.8%  12,778.71
Topix -9.90 -0.8%  1,229.35
FTSE    -34.90    -0.63%    5,470.70
CAC    +12.68  +0.29%     4,368.55
DAX    +43.57    +0.69%    6,340.52
DOW +26.62    +0.23%    11,412.87
NASDAQ -3.62    -0.15%    2,361.97
S&P 500 +4.67    +0.37%    1,271.51
10yr Note    -0.0700    -0.018%    3.784%
NYMEX Crude Oil    +1.16    +1.01%    116.27
Gold    +2.40    +0.29%    828.10

On Tuesday European major indices closed in a mixed way. European indices got support from positive USA statistics which overshadowed the announcement about the growth retardation of EU and Great Britain.

National indices went up on the twelve out of eighteen West European markets. The stocks of Swiss UBS AG bank, the losses of which after the US credit market crisis were the largest among European banks, consolidated its stocks 1.5 %. Weakness of euro against dollar supported the stocks of the export-orienting companies. Nokia’s stocks - the world largest mobile phones producer – grew 2.9 %. Alcatel-Lucent SA’s stocks gained 4.7 %.

According to the statistics released, the index of IFO business climate in July fell to the level of 94.8 in comparison with 97.5 in June. Analysts’ average mark concerning this rate was 97.2.

French bank Societe Generale SA in its recommendations to the customers announced about the possible reduction of British economy in the current quarter, thus following German economy. Apart from this, Societe reduced GDP growth of British economy for 2009 from 1.2% to 0.5 %.

The reduction of prices on metals caused the fall of mining companies’ stocks. BHP Billiton Ltd.’s stocks fell 1.3 % down, the competitor’s stocks - Anglo American Plc. – went 2.6 % back.

Closing bell of the stock market:

Nikkei   +212.62 +1.70% 12,878.66
Topix +22.83 ,+1.90% 1,239.25
CAC    -44.58    -1.01%    4,355.87
DAX    -44.27    -0.70%    6,296.95
DOW 241.81 -2.08% 11,386.25
NASDAQ 49.12 -2.03% 2,365.59
S&P 500 25.35 -1.96% 1,266.85
10yr Note    -0.7600    -0.198%    3.791%
NYMEX Crude Oil    -0.34    -0.28%    115.11
Gold    -7.70    -0.92%    825.70

According to the daily results Wall Street indices suffered serious losses. The major indices went on reducing because of the oil prices growth, dollar weakness and activization of apprehensions in reference to the credit crisis. The report about the growth of sales index up to five months maximum on the US housing secondary market as well as the announcement about the possible selling of Lehman Brothers did not influence the investors’ spirit either.

The tone of the market was rather negative during the day. The stocks of only the 21 component of S&P 500 ended the day on the positive territory. Fannie Mae and Freddie Mac. became the growth leaders after the announcement that JPMorgan Chase (JPM 36.38, -1.29) owned the privileged stocks of the companies, their nominal value being $1.2 billion,

Ann Taylor Stores Corporation reported the decline of quarterly profit up to $29.3 billion in comparison with $31.7 billion of the previous year. Nevertheless, the result turned out to be better than it has been expected. The company also confirmed the profit forecast basing on the year results.

Insurance company Aon Corporation buys British re-insurance company Benfield Group for $1.58 billion.

The net of the retail shops Aeropostale warns that the quarterly profit may reduce to 59 cent per stock, which is much lower than the analysts have expected.

The largest net of the retail shops The Gap, Inc. reported the growth of the quarterly revenue up to 51%. Saving measures and discount reduction helped to minimize the negative consequences of the sales reduction.

Lehman Brothers Holdings Inc . may be sold to Korea Development Bank.

Verizon Communications Inc . is close to making a bargain with Google according to the terms of which Google will be the provider of the search service for the devices produced by Verizon.

Stock exchange closing bell:

Nikkei   -99.48 -0.8%  12,752.21
Topix -8.84 -0.7%  1,224.53
FTSE   -80.84    -1.28%    6,236.96
DAX    -99.48    -0.77%    12,752.21
CAC    -61.26  -1.40%  4,304.61
Dow   +12.78    +0.11%    11,430.21
NASDAQ    -8.70    -0.36%    2,380.38
S&P    +3.18    +0.25%    1,277.72
10yr Note    +0.3900    +0.103%    3.838%
NYMEX Crude Oil    +5.62    +4.86%    121.18
Gold    +22.70    +2.78%    839.00

On Thursday Japanese major indices had been falling the third day running and reached the lowest bound for the last five month. At the top of the decline were the stocks of financial establishments since the apprehensions grew on the market concerning the fact that the banks wouldn’t be able to attract the necessary volumes of additional capital. Besides, HSBC Holdings Plc. announced about the possible price increase of credit resources in the banks of the country. Daiwa Securities Group Inc.’ – Jaapnese second largest broker – stocks went 2.4 % back. Sumitomo Mitsui Financial Group Inc.’s – Japanese third capitalization bank – stocks fell 2.1 %. Mitsubishi UFJ Financial Group Inc.’s stocks decreased 0.9 %. The stocks of Orix Corp – Japanese largest non-financial establishment went 2.9 % back. Stocks group of consumer crediting showed the maximal decline among 33 groups of Topix. Nintendo Co.’s – the producer of the game consoles – stocks fell 3.6 %. Nintendo Co. brought an action against Hillcrest Laboratories Inc., insisting on the use of Hillcrest’s products in their goods.

The growth of oil prices supported Inpex’s stocks – Japanese largest oil exporter - which grew 2.7 % and have reached the maximal level since 17^th July. The competitor’s - Sojitz Corp. - stocks gained 4.5 % and showed the second largest growth among Nikkei 225 components.

On Wednesday European major indices went up for the first time during the last three days. The major support the indices got from the stocks of the mining companies. National indices grew on 10 out of 18 West European stock exchange grounds.

The growth of the mining companies’ stocks was the result of this week’s announcement about a record income of BHP Billiton Ltd. as well as of the metal prices growth. It was going on against the background of speculations concerning the issue that prices on them went back very quickly, thus considerably restricting their offer. BHP Billiton Ltd.’s stocks went 6.7 % up, the competitor’s - Rio Tinto Group – stocks gained 7.4 %.

Chips producers’ stocks grew after the announcement about American Hewlett Packard’s income which exceeded the analysts’ expectations. Thus, Infineon Technologies AG’s – German largest semiconductors producer – stocks went 1.8 % up, STMicroelectronics NV’s - European largest chips producer – showed 2.4 % growth.

Considerable growth was observed among the stocks of chemical industry companies. This was the result of announcing the data of Israel Chemicals’s per quarter profit, which due to the price growth on their goods grew five times. The stocks of chemical companies Yara International ASA and K+S AG grew 3.9 % and 6.4 %, correspondingly.

Wall Street indices bore losses in connection with the apprehensions resumption in reference to the situation on the financial markets and poor economic data.

The banking sector had been under the pressure for the whole day. Lehman Brothers’s stocks went down the second session running because of the speculations that the assets writing-offs in the current quarter would be more than it had been expected. Namely, JP Morgan forecasts that the losses will make up 4 billion. Besides, it came out that Lehman had been looking for the opportunities to sell their department of investments managing.

Such DOW components as AIG, American Express, Bank of America, Citigroup and JP Morgan Chase also had some losses in the financial sector.

Economic data did not call forth any optimism either. Both factors of the tone level on the house building market – the number of the new buildings and the number of the building licenses had reached the lowest bound since the recession of 1991.

PPI – the indicator of the wholesale inflation – grew 1.2 % in July. The so-called core PPI, where the prices on the energy resources and food are not taken into account, grew 0.7 %.

Apart from this, attention should be paid to the disappointing quarterly results of the largest representatives of the retail sector. Home Depot reported the fall of the quarterly profit and confirmed a careful forecast basing on the yearly results – the company expects a low growth of the sale level and profit. Target reported the profit reduction.

Having tried to consolidate their positions in the middle of the day, the indices went on falling and end the session on the level of the session minimum.

Lehman Brothers ‘s stocks collapsed 12 % after the whole string of negative reports in press. Thus, Wall Street Journal believes that quarterly results of the bank will be extremely low.

The major USA indices finished the first trading day of the week with serious losses against the background of profit fixation and negative corporate news. Noticeable reduction was observed in the financial sector. Barron’s believe that US Treasury will refer to the re-capitalization of Fannie Mae and Freddie (FRE), the result of which will be the reduction of the stocks-holders’ share.

The largest in the USA chocolate producer Hershey Co . expects that the prices growth will cause the reduction of sales and profit growth in 2009. Citigroup reduced the rating of the company’s stocks from “buy” to “hold”.

USA second largest net of appliance shops Lowe’s Companies, Inc. reported the fall of the quarterly profit which, nevertheless, turned out to be higher, than had been expected. The current quarter forecast appeared to be pessimistic.

JPMorgan Chase, Bank of America and Citigroup’s stocks fell down. It is worth mentioning that despite the decrease of interest to the stocks, the treasury obligations did not have a call. By the end of the day the major indices had renewed the session minimums.

The major indices finished the week without any definite tendency, except Nasdaq, which obviously may finish it growing since the price reduction on raw materials negatively influenced the stocks of energy and materials sectors. Even the growth in the process engineering, financial and consumers’ sector could not compensate this negative influence. Support to the consumers’ sector was provided by the reports of quarterly financial results of Wal-Mart, Outfitters and Estee Lauder companies. Their data caused 2.1 % stocks growth of retailers and witnessed to the fact that despite the reduction of work places consumers’ expenses do not decline.

On the other hand the stocks of the financial sector representative - MBIA Inc. – went 10 % up and Ambac Financial Group Inc.’s - 31 % after Standard & Poor’s had confirmed the companies’ rating.

Apple’s stocks supported the process engineering sector. Lehman announced that demand for iPhone may exceed the analysts’ expectations.

Exxon Mobil Corp. и Chevron Corp. had serious losses after oil prices reduction. Monsanto Co.’s – the world’s largest seeds producer – stocks as well Freeport-McMoRan Copper & Gold Inc.’s ones - the world’s leader of copper production – went down.

Oil prices declined to $112 per barrel. Gold broke the $800 per ounce, thus suffering the most serious losses for more than 25 years. Wheat and sugar prices collapsed while consolidating the dollar.

Marketed materials sector index (Reuters/Jefferies CRB Index) calculated on the basis of 19 raw materials in connection with the fall of silver, soya and corn prices only on Friday went 2.7 %, i.e. to 379.07, the minimal rate since 20^th March.

Last week’s evident dollar rally caused the interest decrease on the part of investors in reference to the raw materials as a way of inflation protection. Besides the demand reduction for raw materials might have been caused by the apprehensions concerning the slowdown of world economic growth speed.

CRB Index fell 20 % down after setting a record maximum on 3^d July.

The indices underwent pressure on the part of the statistics released according to which inflation in July went up to 5.6% year on year, thus exceeding the analysts’ expectations. But at the same time it is expected that this rate will be better in August taking into account a recent oil prices reduction.

Another report showed the decline of addressing for unemployment benefit up to 450k last week. In spite of this, the average number of this rate grew 19k, i.e. up to 440.5k thus reflecting the deteriorating situation of the labor-market.

Despite some digression from the levels achieved during the bidding, the indices managed to retain the largest part of their results. The indices were supported by the digression of oil prices which finished the regular session by the 0.85 % reduction and achieved the level of $115.01 per barrel. The dollar consolidation, which is the result of world national economies’ weakening, also partially made for the price reduction of the “black gold”.

The indices pressing was also caused by the statistics released, according to which inflation in July increased up to 5.6 % in terms of annual basis, thus being higher than the analysts had expected. But at the same time it is believed that in August this rate will be better than in July taking into account recent reduction of the oil prices.

Another report showed the decline of addressing for unemployment benefit up to 450k last week. In spite of this, the average number of this rate grew 19k, i.e. up to 440.5k thus reflecting the deteriorating situation of the labor-market.

The best results were shown by the finance (+ 2.6 %) and technological (+ 0.7 %) sectors.

The indices were also supported by the reports of quarterly results reports of Wal-Mart (+0.22), Outfitters (+1.35) and Estee Lauder (+6.29) Companies. Their statistics became the reason for the growth of stocks up to 2.1 %of retail personnel, and witnessed that despite the reduction of the working places the consumers’ expenses do not go down.