The market review for April 7

Bidding on the U.S. stock market on Tuesday, April 6, begin to reverse the quotations. Investors re-awakened concerns about the stability of the Greek economy, after news surfaced about the country’s intention to review the arrangements for assistance from the European Union and the International Monetary Fund. Greek Finance Ministry has denied such reports, but the European currency still fell in price, pointing to a low degree of investor confidence in the authorities of the country that has led her to preddefoltnogo state.
br> During most of the trading session, market participants expect the Fed meeting minutes publication. At the March meeting, the regulator has kept key interest rates at historic lows for the sake of stimulating economic growth. Now investors are looking for guidance on that when the rate can be increased. And this would be necessary, since the threat of large jump in inflation.

Comments Fed bidders completely staged. The regulator said the continued economic recovery, and identified the factors that slowed the process: tapering off effect of tax incentives, weak labor markets and property, lack of adequate credit facilities and uncertain revenue growth. The most significant was the statement that the latest inflation has not significantly reached into the Fed’s forecasts, which will allow for quite a long time to keep interest rates low. After the publication of minutes of meetings of the regulator stock indexes managed to get a plus. Dow Jones, though, for a long time in the positive territory did not stop.

As a result of trading on April 6 the Dow Jones index dropped by 3.56 points (-0.03%) – up to 10,969.99 points. NASDAQ Index rose 7.28 points (0.3%) – up to 2,436.81 points, S & P – on 1.99 points (0.17%) – up to 1,189.43 points.

Support indices provided quotes regional banks, investors who believe in improving the quality of loan portfolios and the possibility of obtaining a good return on the basis of the current year. On Wednesday, April 7, will be published data on the volume of consumer lending in the U.S. in February. They have high expectations. Following the session the quotations SunTrust Banks Inc. rose to 3,5%, Fifth Third Bancorp. – On 2,87%, Zions Bancorp. – On 4,57%, US Bancorp. – By 2,3%, and Regions Financial Corp. – By 4,4%. Predictive value of shares last from 7 to $ 8 per share increased Credit Suisse Group AG.

Dynamics of large financial institutions was not so impressive. Of course, moderately positive comments have supported the Fed’s quotes, but the pressure is traditionally Greek problems affecting the industry. As a result of trades on Tuesday, shares of JPMorgan Chase & Co. grew by 1,1%, Citigroup Inc. – On 0,7%, The Bank of New York Mellon Corp. – On 0,63%, Bank of America Corp. – On 1,99%. Price Securities Goldman Sachs Group Inc. decreased by 0,15%.

The growth of tech NASDAQ index contributed to increase the capitalization of Microsoft Corp. at 0,17%. The company intends to submit a range of cell phones, one of the distinguishing features of which will be the availability of access to social networks. Software and design developed by Microsoft. Corp. Google Inc., Previously developed a similar smartphone, lost 0.49% on Tuesday.

Significantly increased quotes online store Amazon.com Inc., Investors are a bit relaxed after the launch of sales of the new iPad tablet from Apple Inc. It was assumed that the company Steve Jobs will be able to win over a large portion of customers’ Amazon. But while the situation is in favor of the latter: in his online store sold about 400 thousand electronic books, while Apple – only 60 thousand, so the exodus of customers, probably will not happen. As a result, the paper Amazon grew by 3.1%, and Apple – only 0,44%.

Look bad paper American carriers. Several companies, including AMR Corp. and Delta Air Lines Inc., decided to raise ticket prices in anticipation of demand growth with the onset of the holiday season. Data on the number of tickets booked for the summer confirm these expectations. Increase was about 13%. Against this background, stock price of Delta Air Lines rose by 1,66%, Southwest Airlines Co. – On 2,2%, LAN Airlines S.A. – On 0,56%. Trading securities AMR Corp. began on an optimistic note, but to the closing session of their value has fallen back to 0.68% below the closing Monday.

Outsider of the day was the coal mining company Massey Energy Co., Quotations which have failed on 11,41%. The cause of the fall was the information on the accident at one of the company’s mines in West Virginia, which killed 25 people.

The Dow Jones was to be expected near the psychologically important mark of 11000 items. Most previous session has not been exceeded, but has not been updated and a minimum. Consolidation will allow speculators to unwind and collect my thoughts. Day to mark 11000 points was less than 13 points to pass this distance index is not difficult. The only question is, whether there are willing to buy at these levels. In the current environment to overcome this resistance level, it seems very likely, because the Fed, in sufficiently lit up a plan of action (though here, rather, inaction), and now the bidders to hike above should be enough any more or less positive news for the settlement of the budget problems in Greece.

Allete Inc. (ALE:US) slid 1.2 percent to $34.37 The provider of energy services in the upper Midwest U.S. said it expects a charge of 12 cents a share in the first quarter due to the U.S. Patient Protection and Affordable Care Act.

AMB Property Corp. (AMB:US) fell 3.5 percent to $27.63. The industrial real estate landlord said that, excluding some items, it probably earned 30 cents a share at most in the first quarter. That trailed the average analyst estimate of 31 cents from analysts in a Bloomberg survey. The company also said it plans to sell 12 million shares, raising money to cut debt and fund investments.

Boeing Co. (BA:US): The world’s second-largest commercial- plane maker said it completed the first maintenance training class for the new 787 Dreamliner, which is scheduled for delivery starting in the fourth quarter.

Exeter Resource Corp. (XRA:US): The gold exploration company with deposits in Chile and Argentina denied a Reuters report that it is in takeover talks with several companies.

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