Are more likely to have pretty soon Russia will try to resume the recovery
Jul 30th, 2009 | By admin | Category: News and Comments3 days before RTS index above 1000 points. However, two days reduction in quick succession, reverse the results achieved on Monday, and as a result of the index slipped to 973 points (-2.8%). MICEX fell on Wednesday, a little less - on 1,54% to 987 points due to a sharp weakening of the ruble, which occurred the day before. The reasons that led to the downfall of Russian indices yesterday fairly standard, and most likely they will last at least another day, before growth resumes quotations.
Among them should be a negative reaction to the American stock exchanges issued Wednesday statistics. Data on orders for durable goods showed a decrease to 2.5% in June against the expected -0.6%. Pessimistic mood worsened after the publication of the Beige Book - a regular report, the Fed, which in this case noted the plight of the labor market in the United States. The negative trend of wages in some regions, and unemployment are major factors hampering the economy out of recession. The American stock market completed the bidding for losses on major indexes: Dow Jones - -0,29%, SP 500 - -0.46%.
Characteristically, the greatest losses suffered by the company that day, the commodity sector: index of GSPE (fuel energy) down to 2,07%, GSPM (mining companies) - on 2,06%. Oil has lost heavily in the price (WTI - -5,2%) after the data on stocks, which, in contrast, rose sharply: at 5.1 million barrels last week. This information was perceived as a signal of low demand and dissuaded the markets that the continued growth of quotations of the product is reasonable.
The situation in the Asian markets on Thursday quietly developed yet: most of the indices are not much deviated on levels of discovery. Nikkei - 0,51%, KOSPI - 0,68%, HSI - -0,36%.
On Thursday the Russian market is most likely starting in the negative territory since the fall of quotations on commodity markets, it was not until the end of play yesterday, but the further course of the trading does not promise worsening correction. More likely we will see attempts to resume the recovery is already fairly soon.
| Authorize and appreciate the story;;
2 users rated material 4.
|
|
The direction of movement of quotations of Russian securities will depend on developments in the commodity markets
By the end of the week is expected to consolidate the Russian market to reach the level of
Russian indices for the day should close above the mark of 980 points on MICEX
The decline in oil prices is not yet up to the end of play to Russian Market
Prior to opening the bidding on the Russian market, you'll notice a lot of factors point to a rebound up
Technical capacity reduction for the majority of Russian shares is approximately 2%
Net profit of OGK-1, on the basis of 1 semester of 2009 on RSA has more than 12-fold to 1.6 billion rubles
Surpassed projections of results of the Company became the basis of growth in Europe
Trades in the United States continues to be characterized by high volatility
