Against the background of the growth of the banking sector in Europe and the U.S. better than the market on the market today Russia may look like the paper banks
Sep 29th, 2009 | By admin | Category: News and CommentsYesterday's trading ended with a moderate rise in major indexes (RTS index - 1.91%, the index MICEX - 1.71%) exclusively through the support of major U.S. indexes. Neutral opening and a decrease in the morning, under pressure from the morning of negative external drivers. Modest technical rebound - in the middle of the auction. Growth of the closure of the consolidation on Wall Street. Lateral dynamics of world oil prices has not prevented a modest restoration of Russia's most liquid market (Gazprom - 0.16%, LUKoil - 0.22%, Nornickel - 0.34%, Sberbank - 2.35%, Rosneft - 0.24%, Surgutneftegaz - 0.17%, VTB - 0.37%) . In general, the lateral dynamics within the correction on the background activity had fallen significantly. The desire of bidders to fix higher prices for the closing of the current quarter has had the most significant contribution to the growth of world stock markets. Russia is no exception.
Today morning a slight predominance of positive external drivers in conjunction with the prelude to the end of the quarter suggests a modest, insignificant increase in the discovery of Russia's main index, but in the lateral intra-day dynamics. Growth in the closing hours of major U.S. indexes (DJI - 1.28%, NASDAQ - 1.9%, S P500 - 1.78%), but on the background of low trading volumes. The source of growth was the announcement of several mergers and acquisitions and, most importantly, the threshold of the end of the quarter. Lateral dynamics of futures for the major U.S. indexes today so far yielded no clear signals of today's trends. In leaders of yesterday's growth from a number of blue chips - shares of the financial sector. At the end of the day, shares of Citigroup rose 4.34%, shares of JPMorgan - to 1.66%, shares of Bank of America - at 3.73%. Despite the sluggish dynamics of the global oil market - stocks irrational growth of the energy sector. As a result of the auctions the index's biggest oil companies rose by 1.79%, probably in the hope that the spiral of worsening relations with major world powers, Iran will continue to rise in world oil prices. A small block of U.S. macroeconomic statistics, but a very vast array of statistics for Europe (UK GDP for the 2nd quarter, the business climate and consumer sentiment in the eurozone in September, business activity in industry and services, the eurozone in September).
positive dynamics against a background of optimism on Wall Street - the stock markets of Latin America yesterday (Brazil - 1.59% Argentina - 2.75% Mexico - 2.23%), but mixed dynamics in Asia today (Japan - 0.91%, Korea -- 0.87%, China - minus 1.3%, Taiwan - 2%).
unedifying, lateral dynamics within a modest technical rebound - the world oil market yesterday, the same frozen situation - Today in Asia. Price November Brent crude oil futures on the results of yesterday's trading rose 0.43 to 65.54 after an unsuccessful test intraday level $ 66. In Asia, the November futures price of Brent oil rose 0.05 dollars. While a new round of deterioration of relations between the West and Iran does not act as a strong stimulus to growth. Market - in anticipation of today's statistics from the American Petroleum Institute to change the U.S. energy reserves over the past week.
Mixed dynamic closing the morning after moderate negative dynamics - at the main base metals market yesterday, mostly modest growth in morning trading in Asia today. As a result of yesterday's trading on the LME, the price of three-month nickel futures dropped by 0.89%, copper - at 0.13%, zinc - to 0.16% for lead price rose by 0.69%.
positive trend, with the support of Wall Street - in the sector ADRs for shares of Russia's oil and gas sector in the U.S. yesterday, a small, mixed discount to the closing prices of shares on the RTS on September 28. Gazprom - 0.4%, LUKoil - 0.1%, Surgutneftegaz - minus 0.2%.
At Russia's stock market expected a slight increase in the basic indexes on discovery against the background of multidirectional dynamics of the most liquid securities. Against the background of the growth of the banking sector in Europe and the United States and by yesterday's residual demand best market at the beginning of the day might look like the banking sector. The closure - on the dynamics of Wall Street opening. The lack of pronounced growth drivers, the absence of external causes for the continuation of a logical correction - all assumes flat trading on Russia's stock market most of the day. It is unlikely a significant upgrade to the September peak, but very likely a short-term advance in the direction of local support for the major indices 1150 points.
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