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After opening with a gap up Russia's markets will flock to new heights

Sep 29th, 2009 | By admin | Category: News and Comments

previous session

Monday trading session on Russia's stock markets ended positive: 1.91% RTS, MICEX 1.71%. After the opening of the negative indices again rushed upstairs. This fact contributed to the positive dynamics and quotations of oil and increase American futures on stock indexes. In the evening, after the opening of trading in the U.S., the indices have not started to decline, unlike the three previous sessions. Better the market shares looked Surgutneftegaz, Rosneft and VTB. Oil and gas: Gazprom 1.57%, Lukoil 1.92%, 3.79% Rosneft, Surgutneftegaz 4.81%. Banking Sector: Savings 1.01%, VTB 4.05%. Sector-ferrous metallurgy: 0.93% MMC Norilsk Nickel, Polyus Gold 1.81%.

European indexes finished trading in positive territory: the British FTSE100 1.64%, German DAX 2.78%. U.S. exchanges closed in positive territory. In the absence of significant macroeconomic statistics, with the opening of the confidence indexes began to rise. High oil prices and U.S. futures indices, positive dynamics in the European sites create a positive external background. Nevertheless, the second half of the trading session was held in Bokovikov, and in the evening even saw some profit-taking. Better the market looked shares of financial and oil and gas sectors, the market looked a little worse than the paper in the consumer sector. The result: DowJones 1.28%, SnP500 1.78%, Nasdaq 1.90%.

Before opening

Asian session demonstrates positive dynamics: Japanese Nikkei225 0.95%, the Chinese Shanghai Composite 0.37%, the Australian Index All Ordinaries 1.58%. U.S. futures SnP500 0.01%. Quotes of the ruble now stands at a 30.04 (Forex). Oil brand Brent 65.63 (0.14%). A pair of Euro /USD. traded near 1.46.

Recommendations

Expect positive opening of the domestic sites. For Russia's stock market develops a positive external background: raising quotations of oil and U.S. futures indices, the closing on the eve of the American sites in the black, the growth seen in Asia (and growing Chinese and Japanese markets). One can assume that after opening with a gap up, the markets will flock to new heights. On the eve of the MICEX index rather calmly broke the mark of 1200 points, confidently closed above it, which speaks of the power market and market participants' desire to buy at current levels. In case of positive macroeconomic data, we expect the continuation of the uptrend. Nevertheless, in the next few days expected to be published relevant statistics from the U.S., which could put pressure on the market. Thus, the aggressive buying by players hardly have expected. We believe that the better the market today may look like the action of the banking and oil and gas sectors, as well as to experience high volatility in the securities of developers.

Expected data for today: 10:00 the index of house prices (UK), 10:00 import prices (Germany), 12:30 GDP (final) (UK), 13:00 index of economic sentiment (Euro Zone ), 17:00 index of home prices, 18:00 index of consumer confidence (U.S.).

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