The dynamics of tomorrow”s trading on the market of Russia will depend on the data report Intel
Jan 18th, 2010 | By admin | Category: Main NewsÂÂ
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Trades today"s Russia trade exchanges began with the growth of the basic indexes against positive dynamics of world share platforms and oil. "Gap" at the opening up of more than 1% on the MICEX index. By noon, the RTS index added 1.37% to 1559.5 points and the MICEX index rose 1.13% to 1451.23 points. Thus, Russia"s indexes rose in the area of annual maxima.
Positive on Russia"s market has also come from Europe - where Indexes "green" throughout the trading session. Today the European Central Bank delivered its verdict on interest rates, leaving it unchanged - at 1%. In the afternoon, the growth of European indices fell, as a result of the day the FTSE has risen 0.452%, CAC40 at 0,373%, DAX index rose to 0,43%.
Correction
sentiment on global stock markets led to the announcement of statistic data on the U.S. economy, which turned out to be worse than expected. Market participants are disappointed and data on retail sales and the number of applications for unemployment benefits in the United States. Retail sales in the U.S. in December fell by 0,3%, analysts predicted an increase of 0,5%.
After the statistic data of U.S. oil prices eased slightly. By 20:00 Moscow time futures for Brent crude for delivery in March traded at $ 78.446 per barrel, Light - $ 79.8 per barrel. Papers of the oil sector closed session different direction. In minus shares Tatneft to 0.29%, Surgutneftegaz - by 0,22%. Weak demand from investors enjoyed Rosneft shares (0.17%), Gazprom (0,81%), Gazprom Neft (0.39%).
The leaders of growth today on Russia"s stock market once again proved to be the action of metallurgical sector by improving the recommendations on the part of large investment bank Merrill Lynch-BofA: CMI (5.96%), Severstal (9.525%), MMC Norilsk Nickel (5.13%).
also favorites of the day shares Raspadskaya (6.359%) due to strong operating results of the company for 4 quarter 2009. Raspadskaya in 2009 increased the sales volume of coal concentrate at 10% to 7.7 million tons. "The published production figures for coal production exceeded its own initial projections of the company and confirm our positive outlook for the coal sector in the AVERAGE and long term. In our view, Raspadskaya production results for 2009 and forecast of the company for 2010 will be a weighty argument in the formation of positive expectations market about the prospects for the coal sector (most recently on the market received a lot of "good" news for the sector) and will support good stocks of coal companies, "- says Olga Mitrofanova, an analyst at Bank" Probusinessbank ".
Shares banking sector showed a mixed momentum trading. Shares of Sberbank climbed to 1.09%, VTB - decreased by 0,13%. Today, VTB issued accounting standards for 2009, according to which the Bank"s net profit for the period rose 4% to 27.9 billion rubles.
At the end of the day the dollar RTS index rose by 1.360% to a value of 1559.38 points. MICEX index rose to 1.438% to 1455.6 points. Trading volume on MICEX amounted to $ 5 552.16 million
on MICEX today, the dollar gave 29.4244 rubles for one euro - 42.7076 rubles. The cost of currency basket, thus, is 35.4132 rubles (yesterday, at the same time, it was 35.58 rubles). Currency pair euro /dollar at Forex stands at 1.4477. "The positive impact of training on the ruble has to pay social tax, insurance premiums and half of the excise tax - January 15, as well as the deployment of large amounts of free ruble-denominated funds in deposits CBR", - says Boris Olshansky, head of the work on financial and capital markets, "BIN ".
In the evening session on FORTS futures on RTS index has increased by 0,122% and amounts to 156,480 points. Futures on Gazprom shares grow at 0.089%, Lukoil, Sberbank decreased by 0.098% and 0.046% respectively.
Trades in the United States opened in the Green Zone, despite the weak statistics. Provide support to the market expectations that the corporate records of large American companies will be better than forecasts. In today"s U.S. session expected statements from Intel. By 20:00 Moscow time, the Dow Jones index rose by 0.097%, S P500 at 0.075%, NASDAQ added 0.107%. "U.S. macroeconomic data published today, once again demonstrate the limited potential for further growth in U.S. stock quotes, at least in the perspective of the coming months. It should be noted that a significant portion of annual earnings growth of U.S. retailers last month achieved the effect basis. Investment risks that accompany maintaining a positive weekly trend in Russia, the world"s stock market still appears to be high. In terms of short-term period, a decisive influence on the dynamics of quotations, including Russia"s stock market seems to have statistics of corporate reports from Intel and JPM, and also, apparently, according to the U.S. CPI for December 2009 ", - says Alexander Osin, chief economist UK" Finam Management ".
In the short term, in view Artem Golubev, a portfolio manager JSC "Finam", the focus of investors will be focused on the Fed meeting, which will be held next week. "The likelihood of rate hikes in the first half, I think it is extremely low, so the external background for the near future in favor of continued growth", - the expert believes.
Andrew tinsmith, head of operations at the market shares of FC Megatrustoil "stresses thac09t Russia"s market is not reacting to negative news, and even neutral messages cause a desire to grow. "Apparently, while on trading floors there is no sharply negative news, or alternating external news background, the markets will be sideways, but will probably attempt to go further up to 10-15%," - he concludes.
Forecasts of analysts: Russia"s actions will occur close to their previous position, further upward movement may complicate oil
Growth is constrained by Russian indexes are reinforced dollar and low oil prices
Russia"s bid ended in a weak minud47s, next week may remain moderately positive attitude players
Dollar resell
In the first trading day of 2010 "rested" Russia"s indexes soared more than 5%
Analysts" forecasts: A favorable external background contributes to the positive opening of the Russian sites in the first trading day in 2010
The stock market ended the year on a positive note, in 2010 Russia"s securities are unlikely to show impressive growth
Analyst forecasts: The last session in 2009 will moderate growth
Russia stock market concluded the penultimate trading session, thd54e decline tomorrow big moves we should not expect
