GLOBAL FINANCIAL DATA

REVIEW OF SCHOLARSHIP

TUESDAY, September 14, 2010

(1) SUMMARY OF THE SCENARIO:

Asian stock markets closed mixed with this session Tuesday, despite showing solid gains due another positive session on Wall Street. Tokyo investors wary of the vote in the Democratic Party of Japan

JAPAN: The Nikkei closed down as investors from Tokyo awaiting the vote of the Democratic Party of Japan The Japanese Prime Minister Naoto Kan kept the lead by defeating challenger Ichiro Ozawa winning 60% of the votes available, a fact that has fueled more gains in the yen on the afternoon of Tuesday (Ozawa was seen by the market as more friendly to take measures to stimulate the economy), weighing on exporters roles. The banks extended gains Monday after the Basel Committee's decision on the rules for capital adequacy.

CHINA: Hong Kong Stock Exchange had gains, helped by good performance of airlines. In Beijing, the estate again weighed on markets, with continuing concerns that the government might introduce more tightening measures on the industry. The Chinese yuan hit a new high against U.S. dollar after China's central bank set the yuan-dollar peg, according to the global weakness of the dollar and growing pressure from the U.S. about China's exchange rate policy.

EUROPE: European stock markets without definite direction, with banks in the positive tip, while Philips Electronics disappointed investors after the presentation of its growth plan for five years. The sense in the long-term institutional investor in Germany fell sharply in September to -4.3. Expectations of economists was 10.7. The last release was 14.0. Among the concerns include slower growth in the U.S. and unresolved problems in the eurozone, though the feeling's current institutional investor (ZEW Survey - Current Situation) rose to 59.9 in September from 43.3 in August.

(2) AGENDA OF THE MARKET:

TODAY:
USA:
9.30 - August Retail Sales (measuring the total sales of the retail market, excluding the service sector) and Retail Sales ex-auto (excluding car sales).
11:00 - Business Inventories for July (the level of sales and inventory of industries in addition to the sectors of wholesale and retail).

FRIDAY:
USA: 9:30 - Export Prices (excluding agricultural production) and Import Prices (excludes oil prices), 9.30 - NY Empire State Index (manufacturing activity in the state), 10:15 - Industrial Production (output of U.S. factories) and by Capacity Utilization (capacity used by U.S. industry) in August, 11.30 - Inventories of American Petroleum.
EUROPE: Consumer Price Index-CPI (monthly indicator of consumer inflation in Europe) and Employment Change (unemployment data in the Eurozone) 2nd Quarter.
UNITED KINGDOM: Average Earnings Excluding Bonus (payment in the short term in the British economy, excluding bonuses) in June, Claimant Count Rate (the unemployment situation in the UK), ILO Unemployment Rate (unemployment rate), Jobless Claims Change (number of people unemployed in the UK).
GERMANY: No provision is the disclosure of economic indicators.

(3) WORLD INDEX (7:20 a.m.):

ASIA
Australia: +0.32%
Nikkei: -0.24%
Hong Kong: +0.17%
Shanghai Composite: +0.01%
EUROPE
London - FTSE: +0.04%
Paris Cac 40: +0.07%
Netherlands: +0.13%
Frankfurt - Dax: +0.04%
Madrid IBEX: -0.04%
Zurich: -0.04%
Milan Mib: -0.03%
Moscow RTS: -0.22%

OIL
BRENT: -0.57%
WTI: -0.39%

METALLIC COMMODITIES
COPPER: -0.85%
NICKEL: -0.09%

INDEX FUTURES AMERICAN
Dow: +0.05%
S & P: -0.03%
NASDAQ: +0.04%