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Analytics and Market news

Thursday, 17 May 2012

Briefing: Markets again want to rebound

Astrum Capital

On Wednesday, global markets made another attempt to slow the decline, but the results were mixed. Thus, on the one hand, the S&P 500 Index failed to develop a positive change in attitude, as had taken place in the morning and, as a result, it ended the trading session with a decline of 0.5%. On the other hand, the index of the U.S. dollar has not reached the 82 mark, pointing to a gradual reduction of the extend of existing negative sentiment.

As a result, this morning we are seeing the emergence of potentially successful mood swings from pessimism to permanent cautious realism. The best illustration of the emerging risk appetite globally is the growth of the Australian and New Zealand dollar and a rebound of copper futures. At the same time, it's not worthy to talk about something more than the formation of conditions for a rebound to occur.



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