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Crises recedes! Analysts’ Predictions Have Proved to Be True (Reply)
Crises recedes! Analysts’ Predictions Have Proved to Be True
2009-10-27 05:21 am (UTC)
Last month was marked by considerable improvements in financial sphere. Not just analysts and major companies chief managers made respective comments on the matter, but influential political figures did, too.
Even Dominique Strauss-Khan, Managing Director of the International Monetary Fund, who is always reserved in his predictions, said on September 24, 2009 during the TV conference with members of Yalta European Strategy international forum: "The peak of the world economic crisis is over. We can already see the light in the end of the tunnel. Economies of many countries are becoming healthier already".
In their turn, world stock pitches influenced by the news of recession end and coming crisis end were marked with record growth rates. RTC - Russian stock index - became the leader of the year, its rate has doubled.
We would like to remind you that MMCIS investments analysts were some of the first to announce of the crisis end and improvement of economic situation in the investment market.
MMCIS investments published financial reports for September, 2009 show that positive tendencies continue. Thus, Fund's income for the period was 32% annual for USD deposits. Average annual profitability of deposits for 2009 is 47.44%, which agrees with the planned profitability rate. Fund's capitalization this month has increased insignificantly, though positive trend continues. For October 1, 2009, total amount of the Fund's assets was 473.99 million USD, it being 468.76 for September 1, 2009, and 444.25 million USD for August 1. So, Fund's assets increased by 30.98% from the beginning of the year, which is 1.45% more comparing to last month.
In regards of Forex, FOREX MMCIS group analysts point out the increase of activity on major world stock exchanges and increase of major currency pair EUR/USD volatility for the last month, which is the evidence of banks reviving in the market. EUR/USD exchange rate fluctuation for the period from August 1, 2009 to September 1, 2009 was between 1.4045 and 1.4445, and for the period from September 1, 2009 to October 1, 2009 - between 1.4177 and 1.4842. Thus, the range of EUR/USD rate fluctuation for the recent month increased from 400 points to 665 points, which is 66%.
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