Mortgage brokers London Tune foreign investors last week (from 30 July to 6 August) was positive. European and American stock exchanges have shown a rising trend. The main events were moving markets, have been meeting the ECB and the Bank of England on 5 August and the U.S. Federal Reserve on August 10. U.S. Exchanges The trading week...Read more

Mortgage brokers London Tune foreign investors last week (from 30 July to 6 August) was positive. European and American stock exchanges have shown a rising trend. The main events were moving markets, have been meeting the ECB and the Bank of England on 5 August and the U.S. Federal Reserve on August 10. U.S. Exchanges The trading week from July 30 to August 6, ended the growth of American stock indicators. Dow Jones Industrial Average for the week rose by 1,8%, to mark 10,653.6 points, S & P500 - 1,8% - to elevation 1,121.6 points, tech NASDAQ - 1,5% - to 2288.5 points . According to analysts of IFD Kapital, stock market growth is mainly driven by positive corporate forecasts and reports for the II quarter of 2010. By the beginning of the reporting season is likely depletion of this source of support. This week come reports 13 components S & P500. "Of special interest will report retail chains, including Kohl" s (Thursday, 12 August), Nordstrom (Thursday) and JC Penney (Friday, 13 August). "The recent weak data caused by inappropriate sale of shares in retail, because consumers continue to prefer saving to consumption. This was evident on Friday, August 6, as the high level of unemployment is an obvious obstruction charges. Projections for approaching the importance of networks for start of school season may cause serious movement in the market. To be the publication of preliminary data on the dynamics of retail sales (Friday, 13 August), although we have some doubts about the accuracy of this indicator ", - analysts say IFD Kapital. Throughout the past week and the beginning of the current market is in anticipation of the most important event - the U.S. Federal Reserve meeting on August 10. In fact the Federal Reserve decided to keep the key discount rate in the range of 0-0,25% per annum. As stated in the communiqué of the Fed, according to the Committee on Open Market for July, the restoration of the U.S. economy slowed. The costs of citizens has increased, but their purchasing power is constrained by several factors, including high unemployment. With this and the related decision of the Fed rate, which is taken in order to give ground for the emergence of conditions to accelerate economic recovery. In addition, the U.S. Federal Reserve resumed incentives the U.S. economy. Thus, there will be reinvesting the proceeds of mortgage brokers London -backed securities that the Fed bathed in a crisis, in the purchase of long-term U.S. Treasury bonds. European Exchanges As a result of the week from July 30 to August 6, European indexes were also unanimous in their growth. Following weeks of the British FTSE 100 rose by 1,4% - to 5332.4 points mark, the French CAC 40 - on 2,0% - to 3716.1 points, the German DAX - 1,8% - to 6259.6 points . The main events of the last week in Europe were passed on August 5 meeting, the ECB and the Bank of England. The European Central Bank (ECB) has left the discount rate unchanged - at 1% level. It coincided with forecasts of analysts. As a result, the ECB base rate has not changed for 15 months. Analysts do not expect a change in ECB monetary policy at least until the beginning of 2011. Inflation in the euro area is stable below the program guide in 2%. This allows the ECB to continue to maintain a soft monetary policy. The Bank of England also left the base discount rate without changes - the lowest in the history of the country level - 0,5% per annum. This decision coincided with the expectations of analysts. Along with the decisions of the European Central Bank on August 11 Bank of England revised its forecast for UK GDP growth in 2011. downward - from 3,4% to 2,5%. At the same time the inflation forecast was revised upward. A new forecast, the inflation rate until the end of 2011. exceed 2%, according to news service RBC. Under a previous forecast of a British Bank, which was made public in May this year, UK GDP growth in 2011. should reach 3,4%, and inflation - to be below 2%. The report of the British central bank said that the revision of the forecast inflation and GDP growth due to new economic conditions, namely the decision of the government next year to raise value added tax (VAT) to 20%, which affect the rates of economic growth and inflation. At the same time Governor of the Bank of England Mervyn King warned that Britain's economic recovery will remain fragile and uneven over the next two years. One of the limiting growth factors M. King called the lack of adequate level of bank lending. We note that the Bureau of Fiscal Responsibility UK (OBR), formed in May 2010. representatives of the Conservative Party to conduct an independent analysis of the economy, voiced even more optimistic forecast of GDP growth in 2011. - 2,3%. The data presented, according to analysts, reflects the difficult situation in the country's economy - slowing GDP growth combined with rising inflation. In addition, they contribute to the emergence of market speculation about the possibility of a second wave of recession in the British economy. At the same time, according to analysts, made Aug. 11 M. King, a statement designed to calm financial markets and demonstrate a willingness to support the growth of the Central Bank of the UK economy and in the near future not to raise base interest rates and mortgage brokers London.