Equities and commodities will rise as the "Greenback" falls
FTSE all-World index was up 0.9% and raw materials are recovered, even if the benchmark bond yields the dipped-beam headlamp
The S & P 500 on Wall Street was up 1.1%, regardless of disappoint from Morgan Stanley (NYSE: MS).
A poorly received list of American technology and earnings surprise interest rate increase in the PRC had led to a flight from risky assets Tuesday, these stocks resumed their rally Wednesday.
Move out of shares seemed to get worse when the story broke late afternoon on Tuesday in New York, a group of investors were looking to restore the loss on a United States $ 47B portfolio of mortgage-backed securities from Bank of America.News battered bank stocks and raised fears could United States's financial system facing other debilitating period of the balance sheet of fear. the banks connected back on Wednesday.
Key problem was not the headline news but to take profit from a strong run back and fill out and provided for an extension of the current rally, which began early on Wednesday morning.Slide on Tuesday was as fallout from the Wall Street 1,6% muted in the Asian session, as many players in developing markets seem to remain optimistic about growth prospects. This gave a pause to often circular global salesperson can often affect the markets.
Bulls was pleased to see the "Greenback" resume its fallen. USD remains an inverted the proxy for risk appetite, with many players to see its weakness which reflect the chances of multiple quantitative easing (QE-2) from the US Central Bank, a mooted strategy, which has supported the stocks of raw materials and even bonds for more than a month.
Gains were accelerated a bit after the Bold Beige Book study said the pace of growth was "moderate", strengthen the case for stimulus through QE 2.-
Stocks finished higher across the Board in NYC on Wednesday.
AMERICAN Major market index Technical Analysis
Date symbol price Technical Analysis Support Resistance
Oct-20-2010 QQQQ 51.19 offensive (0,44) 50.91 51.96
Oct-20-2010 DIA 111.09 offensive (0,32) 110.82 111.54
Oct-20-2010 SPY 117.87 offensive (0.34) 109.62 118.21
Snap Shot of the Major World markets
Nikkei 9360.10-21.50-0.23%
TOPIX 817.42-6.27-0.76%
Hang the Bed 23556.50-207.23-0.87%
S & P/ASX 200 4640.80 + 15.90 + 0.34%
Shanghai 3003.95-0.00-0.00%
DJIA 11108.00 + 129.35 + 1.18%
S & P 500 1178.17 + 12.27 + 1.05%
NAS 3,133.39 + 20.44 + 0.84%
S & P/TSX 12649.90 + 79.37 + 0.63%
Mexico Bolsa 34880.50 + 428.26 + 1.24%
Brazil Bovespa 70404.70 + 541.10 + 0.77%
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