The meeting of G 20 in Shanghai causes the rise in prices of oil and commodities and the increase in the commodity currencies and the world indices. Investors expect that the governments of the countries of G20 will come up with the ideas how to lead the countries out of recession and adopt decisions to add liquidity to the economics and expand quantitative and qualitative easing, especially in the countries of Eurozone, Japan and China.

The topics of the interest rates, decline in oil price and reduction of the global trading have been also discussed at the meeting.

Today, stock indices and commodity currencies have grown after the statement of the oil minister of Venezuela that representatives of Venezuela, Russia, Saudi Arabia and Qatar will meet again to elaborate the plan of stabilization in the oil markets.

On Thursday, American stock indices rose over 1%, European index Stoxx Europe 600 rose by 2%. At the Asian session and with the opening of European session indices continued to rise. Japanese index Nikkei Stock Average пrose by 0,3%, Chinese index Shanghai Composite - by 1%, British FTSE 100 rose by 1% after opening of London session; American and European have also grown.

Some European news released today at 12:00 (GMT+2) including business climate index business sentiment in the manufacturing and service sectors for February. It is likely that this news will stop the rise in European indices.

After the release of European news today, European index EUROSTOXX50, (which has grown significantly at opening session, dropped from the highs of 2948); prices of crude oil Brent stopped at the level of 36.00 USD per barrel; commodity currencies are going down.

Some economists believe that financial leaders of G20 will fail to agree on the coordinated actions on the currency policy of the countries. If the governments of G20 countries do not decisions, stock markets will suffer large-scale sales.




The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.



!-- Go to www.addthis.com/dashboard to customize your tools -->