Stock market is trying to recover
On Tuesday the pendulum of stock markets has swung towards the other side – players understood that they had overdone on Monday. The decision of the Bank of China to decrease the key interest rate played its role, what encouraged market’s participants about prospects of Chinese economy and attracted buyers to the stock market. Economic statistics also calmed players. IFO report on moods in Germany showed unexpected growth of its indicators, houses sales in US primary market also showed good growth, and US Index of Consumer Confidence increased sharply. Against the background of lower panic dollar regained most losses sustained the day before. Still, towards the end of American session, unrest came back to stock exchanges, what had an immediate impact on the exchange market. Today the market will continue to recover after stock collapse on Monday. Once again, wide multidirectional movements will accompany it. Speaking of notable events, there is publication of the report on durable goods orders in the U.S.A. Under current conditions, it is unlikely to have significant influence on market’s dynamic.
We are waiting out of the market.
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