Week of technical rebound on international markets found the strength to move away from the low levels reached in recent weeks. The reasons for the increase are to be found change in market prospects of keeping the global economic trend decisively to the improvement of short-term trend.
The change in sentiment is due to the weather on the results of stress tests on banks, which "should" give surprises, given that their publication is scheduled for July 23, and cyclical sectors such as Financial, Auto, Resources base. The strengthening of the euro is a case, much firmer than the other currencies, sterling, yen and Swiss franc.
For the U.S. stock market last week the increases were fueled by positive data on the employment front (requests for weekly unemployment benefits fell to 454,000 units) and the International Monetary Fund reports that in the upgrade report, in July revised estimates of U.S. GDP in 2010 and 2011 (respectively 3.3% for 2010 and 2.9 % in 2011).
As regards the performance of indexes:
American Market
S & P 500: having breached the minimum reached in May and June, important threshold to prevent the change of the trend Overall, the index relies on 1020 and then again upwards technical rebound.
Nasdaq Composite: the index is still stronger than securities industry, although the strength of the index is declining in recent weeks. Important that the index maintains the media and exceeds the previous maximum share in 2350.
Dow Jones Industrial: trend weakened by the long break in the media area 10000-9900 points. European Markets:
The Dax: index more representative European again touched the maximum period. The technical situation is better than the European indices also the trend is losing strength. Next resistance 6100.
Ftse Mib: the index maintains a low relative strength compliance with European shareholding even though the situation has improved since June.
Commodity Market:
Gold: period of weakness in the short even if the technical approach remains positive long
Oil: remains substantially in a lateral trend.
Bund: quotes stationed on top. (See chart)
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