A sharp decline in the Saudi market with the continued decline of violent crude oil

Showing the general index of the Saudi Stock Market (Tadawul) to wave a sharp decline affected the majority of the stock in early trading session on Thursday, bringing the market index has recorded decline for the fifth consecutive session, after the continued significant decline of crude oil prices.

The Saudi stock market index opened (trading) daily dealings decline of 2.49%, to settle around 8201.96 points, levels, and thus have the lowest levels in more than a year, with a trade value amounted to about 1.8 billion Saudi riyals, and so promptly at 8:50 GMT.

Decline in the general index of the Saudi stock market (Tadawul) came after a continued decline in oil prices, which fell to their lowest level in five years.

Lower oil prices came after the issuance of the expectations for a group of Petroleum Exporting Countries (OPEC) on Wednesday indicated that the demand for crude oil rates will fall over the next year in 2015 to its lowest level in 12 years, with lower crude oil (delivery in January ) in trading on Wednesday to critical levels amounted to US $ 60.40 a barrel, while stabilized in early trading on Thursday about US $ 61.38 per barrel

General index of the Saudi stock market was also affected (trading) sharp decline in the long US stocks in trading Wednesday, as concluded by the Dow Jones Industrial Average index Wednesday's session down 1.51%, while the Nasdaq indices declined Composite and the S & P rates stood at 1.73% and 1.64% respectively.

Dropped all sectors of the Saudi stock market index (trading) with the start of trading on Thursday, led by the petrochemical sector, which fell by 2.85% after a sharp drop in oil prices.

It is expected to close by the general index of the Saudi stock market (OTC) trading Thursday, down clear because of the state of anxiety, which controls the minds of Saudi investors due to the decline in oil prices, which will continue to create a state of dense on stock sales.

Saudi Arabia's index is expected to bounce higher -- 12/14/2014

Close the general index of the Saudi market (TASI) in the history of 12.11.2014 at 8,393.921 down by -17.063 or the equivalent of -0.20% compared to the previous close it, s have been recorded or trading 8,611,866,624 Real



According to the technical outlook that the index is still consistent with our expectations regarding support located between the level of 8200 points, and the level of 7800 points, strength., Where we pointed out during this month that the index could fall to the level of strong support at 8,200 points, a price target output of the breakout of the bullish channel long-term, which also corresponds to the rising trend line long-term, which is a strong support could push the index to the highest to reach its resistance level of 9,000 points, especially with the emergence of a negative deviation on the RSI,





It must be mentioned that the highest level in the past three weeks and is 9,556.005 8,158.053 is the lowest level

April you call 470 thousand cars for technical defects

Resulted in Japan's Nissan Motors for the automotive industry, to alienate 470 thousand of its cars in the world, to repair defects leak fuel.

This step comes by Nissan to maintain its international standing and credibility, as well as to work fast to call the defective cars to avoid any fines may sign them if they are found these defects.

While scheduled to April requiring vehicles that were manufactured from 2012 until 2015. In light of doubts not be linked to fuel pressure sensors optimally in. Is what may lead to a fuel leak.

Through this call Nissan will maintain their credibility in the global auto markets, especially that Nissan reported statements have not been reported to date for any accidents due to leaking fuel.

It is noteworthy that Nissan shares had closed at 1087.5 levels yen per share, down 0.2% from yesterday's closing levels.

Long-term results of the loans put pressure on European stocks

European Alozlem landed in the middle of the trading day Thursday after lending data released by the European Central Bank, which showed a decline in liquidity levels among European banks.

The main European Stoxx 600 index fell 0.76% to trade at 12:30 GMT on the levels of 336.76 points.

ECB report showed the second round of interest-bearing long-term affordable price loans, which was allocated about 130 billion euros in loans while she was forecast to 148 billion euros.

In a simplified summary of the findings of this report, we find that the liquidity of European banks have fallen and therefore would adversely affect the economic recovery to be achieved from the second round of loans.

If, facing the euro zone more signs of the fragility of the economic Adouaha, which called for increased fears in the financial markets.

Fears popular in the market will remain strong and so identifies the following steps of the European Central Bank, which is facing a struggling economy.

The other European indices, the index FTSE 100 Index fell by 0.87% to trade around 6443.62 points, levels, while the French CAC 40 index fell 0.65% to 4201.12 points, trading around levels.

German index fell 0.24% to 9776.40 points, trading around levels.

The yield on Greek bonds climb amid growing political tensions in the country

Rate of return on Greek treasury bonds continued to rise for the third day in a row and is very large, in conjunction with the political tensions in the country after the announcement of the government to provide a date for the presidential election to become the next week.

The dilemma lies in the Greek elections not to win any of the political parties enough votes to form a new government, which puts the country in front of the coalition government option, and this is what worsen things with big difference in views between the political parties in the country.

But the radical left party "Syriza" the largest opposition party, which may enable him to win the presidential election, with the possible return of the country to a state of chaos, the fact that Syriza rejects austerity and bailout packages offered to the country's policies.

If, it is possible that the country returns to the financial crisis, which threatens the financial future of the country and put it back in the box to the memories of the fragility of the economy before the rescue packages.

Generally, investors are taking precautions universe risks began to escalate, which reduces the demand for bonds as a result of a high risk of bankruptcy and default.

Ascended rate yield on 10-year maturity period by 47.4 basis points to bond up to 8.768%

Asian stocks rise at the end of the week sessions led by the Japanese market

Asian stocks rose on Friday in last week's sessions, led by the Japanese market with the support of positive US economic data boosted investor optimism growth in the world's largest economy in conjunction with the polls show that Shinzo Abe heading for a landslide victory in elections next Sunday.



The MSCI Asia Pacific Index rose 0.4 By 14:49 pm Tokyo time rebounding from its lowest level in seven weeks, but heading to a weekly loss after a 2 percent were over the trading week, led by energy companies on the impact of falling oil prices to the lowest level since 2009.



Futures fell for the S & P 500 rose 0.1 percent after rising yesterday on Wall Street about 0.5 percent after positive data in the United States rising retail sales showed last month, the highest pace in eight months fell jobless claims by about three thousand for the week ending December 6 December



  Asia indicators

Japan's benchmark Nikkei index rose 0.9 percent, and the broader TOPIX index rose by 0.6% range, and the yen fell for the second consecutive day against the US dollar.

Economic data supports the euro and the Australian near its lowest level in four years

Many of the economic data in various global markets have impacted heavily in the direction of currencies against the US dollar at the close of trading this week.



Euro

The European currency has expanded from its rise against the US dollar at the end of this week's sessions after the release of many of the positive economic data from the euro zone.



Industrial production rate in the euro area and EU countries rose by 0.1% on a monthly basis in October, while increased on an annual basis in the euro zone by 0.7% and in the EU countries increased by 0.8%, according to data released by the European Statistics Office.



The reason for the high rate of industrial production to rise in the production of consumer non-durable goods rose 1.3%, followed by a rise in production of consumer durable goods rose 0.9% in addition to a rise in medium-term goods by 0.3%, while goods head finance fell by 0.2% and energy prices increased by 1.9 %, and record the change in the index of employment rate in the euro zone of 0.2% during the third quarter of the year, which was revised to record 0.3%. .



And trading the euro against the US dollar by 18:00 GMT on the level of 1.2460 from an opening price of 1.2390 after recording the highest price and the lowest price 1.2475 1.2383.



The Australian dollar

The Australian dollar continued its wavelength bearish trading near its lowest level since July 2010 at the end of the week's sessions after the release of many of the Chinese economic data.



Australia's currency fell for a second day in a row after the Chinese data reported lower GDP, where industrial production growth slowed in China more than expected in November, while retail sales rose more than expected, according to data released today.



Industrial production growth record rate of 7.2% during the month of November, according to data released by China's National Bureau of Statistics, while settled expectations that the record of 7.6% compared with the previous recorded a growth rate of 7.7% during the month of October, while the annual growth of retail sales rose by 11.5% in October to 11.7% and was expected to stabilize the rate of growth at 11.5%. And the fixed assets investment index rose at a rate of 15.8% during the period from January to November



The Aussie is trading against the US dollar by 18:00 GMT on the level of 0.8260 from an opening price of 0.8245 after recording the highest price and the lowest price 0.8298 0.8225.



US dollar

The US currency extended its losses at the end of sessions this week to trade near its lowest level since the beginning of December, due to falling prices in the stock market, prompting investors to buy most of the alternative assets such as gold and reluctance to buy the US dollar.



Economic data released by the University of Michigan showed high initial reading of consumer confidence to 93.8 versus expectations referred to 89.6 was a review of the previous reading of 89.4 to 88.8, while the preliminary reading of the inflation expectations of the University of Michigan also recorded an increase of 2.9% while the previous reading review 2.6% to 2.8%.



US dollar index fell 0.4% against most major currencies during Friday's trading in sync with the drop in US and European stocks continued to fall with the price of oil, which hurt shares of energy companies and weak risk appetite.



On the other hand, the data showed a decline in the producer price index, which measures the change in goods and services in its final form provided by the producers to 0.2 against expectations that referred to minus 0.1, which was the previous reading at 0.2%.

 

Pound

English currency fell against the US dollar at the close of hearings this week to continue to decline for the second day in a row after the release of many of the negative economic data.



Decline in sterling against the US dollar, having made four days of ups and came back down after the British construction output data, which came in below expectations as the British construction output index decreased by 2.2% during the month of October, according to data released by the British Office for National Statistics, while stabilized expectations on that score 0.8% compared with the previous estimate of 1.8%, which was revised to score 2.2%, and settled flagship of the British conference Board of minus 0.3% in October compared with the previous estimate of minus 0.4% index.



And trading sterling against the US dollar by 18:00 GMT on the level of 1.5715 from an opening price of 1.5710 after recording the highest price and the lowest price 1.5745 1.5693.