OREANDA-NEWS. On 19 June 2009 was announced, that inflation is declining in the United States. Consumer prices in the USA fell by 1.3% in May 2009 compared to May 2008. This is the biggest drop since 1950. CPI Index grew by 0.1% compared to April. Core CPI rose by 0.1% in May 2009 to April 2009 and by 1.8% - to May 2008. Increase in fuel prices may stipulate the cost of essential goods. This may cause a reduction of other goods consumption as long as households have a lack of money. If demand is low, producers will not be able to raise prices on produced goods and this may lead to losses.
U.S. banks return debts to government. Morgan Stanley, JPMorgan Chase, U.S. Bancorp and BB&T Corp. returned funds to the U. S. Treasury that were provided to them under the Troubled Asset Relief Program (TARP). Morgan Stanley has returned USD 10 bn, JPMorgan Chase - USD 25 bn, US Bancorp - USD 6.6 bn, BB&T Corp. - USD 3.1 bn. Besides JPMorgan, U.S. Bancorp and BB&T plan to buy back their warrants. Goldman Sachs, American Express, Bank of New York Mellon, Capital One Financial Corp., Northern Trust Corp. and State Street Corp. also indicated a willingness to repay their debt.
Bears prevail in the Ukrainian market. 41 deals were made on June 17 with the shares of Ukrainian companies for the total volume of UAH 2.5 mn on PFTS SE. The most traded stocks on this floor were Ukrnafta (UNAF) and Raiffeisen Bank Aval – 6 deals with each stock. At the same time 347 deals were registered on Ukrainska SE for the total volume of UAH 6.1 mn. The shares of Ukrsotsbank (USCB) were the most liquid – 149 deals.
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