Today's dynamics at the Asian stock markets are generally in a negative zone, the Chinese indexes look worse than the others due to a strong typhoon storming in the People's Republic of China. Also, negative pressure was laid by yesterday's decrease in the American market, that, as a whole, creates a negative external background.
In Hong Kong today there are full-scale sales in the real estate sector, in particular China Resources Land and China Overseas Land & Investment decreased by 3.5% and 1.5% respectively, and the reason for it is the same, a destructive typhoon. On the continent, the situation with construction companies is almost the same, China Vanke and Beijing Capital Development decrease by 1.2% and 2.1% respectively.
In Japan, meanwhile, representatives of the hi-tech exporting sector are feeling worse than the others, which, by tradition, most sharply react to all-market conditions. Sony, Canon and Pioneer lost more than 2% today, the background factor being the strengthening of the Yen against the Dollar which was promoted, in turn, by yesterday's statement of the representative of FED, regarding the state of the economy of the USA and prospects of turning of QE3.
In the commodity market, prices for Oil are slightly decreasing with Brent traded on a level of 108.08$ per barrel and Light is decreasing by 0.12% coming down to a price of 103.46$ per barrel. Gold and Silver are consolidating after steep increases which we witnessed after the decision of FED last week, Gold is traded on a level of 1324.14$ and is losing 0.21%. Silver is down to 21.79$ and is losing 0.68%.
As for the EUR/USD, there will be published statistics on German indicators from IFO institute for September. Positive data will effect the currency pair, and give it power to return back to the resistance level of 1.3550. However, if the results are going to be worse than the expected values, Euro can go down.
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