At Russia's stock market is expected predominance of negative dynamics of the basic indexes most of the day
Aug 31st, 2009 | By admin | Category: News and CommentsVolatile, devoid of a certain idea of trading last Friday ended with a moderate rise in Russia's main indexes (RTS index - 1.77%, the index MICEX - 2.9%), but in the continuation of a downward correction. Within the 3 per cent forecast - intraday fluctuations in the indices. The projected modest growth in the beginning of the day gave way to the lateral dynamics, although the mainly positive external background (which once again demonstrates the reluctance of Russia's stock market rise in the short term). Anticipatory dynamics of the shares of oil and gas sector in the first half of the day, Leadership Norilsk Nickel shares in the future against the background of strengthening the positive dynamics of world prices for base metals. Support for shares of Lukoil also had positive statements for the 2 nd quarter, exceeded market expectations, but was almost 44% less than a year ago. The growth of the closure of the entire spectrum of the most liquid securities on the background of short-term speculative activity in the intraday technical rebound, but the apparent lack of optimism for the near term as the lack of pronounced growth as the global stock and commodity markets (Gazprom - 2.45%, Lukoil - 3.76% , Nornickel - 4.03%, Sberbank - 1.3%, Rosneft - 2.6%, Surgutneftegaz - 3.26%, VTB - 2.57%).
Today morning the prevalence of pessimism in global stock and commodity platforms will prevailing negative pressure on Russia's stock market at least in the first half of the day. Despite considerable support from the technology sector, shares, the decrease of finished day major U.S. indexes (DJI - minus 0.38%, NASDAQ - 0.05%, S P500 - minus 0.2%). Mixed dynamics - in shares of financial companies and banks. At the end of the day, shares of Citigroup rose 3.56%, shares of JPMorgan fell 1.22%, shares of Bank of America rose 0.33%. Lateral dynamics of world oil prices, the lateral dynamics of the shares of the energy sector. Index's largest oil companies fell on the results of the day at 0.12%. From the statistics of the United States today will present interesting business activity index PMI Chicago. Against the background of the next reduction of the stock market in China and continuing the last days of disposition investors take a pause after the rapid growth in recent months, futures on major U.S. indices show negative dynamics.
Side unexpressed dynamics - the stock markets of Latin America last Friday (Mexico - 0.57%, Brazil - minus 0.01%, Argentina - 1.05%), but the preponderance of negative dynamics led to the stock market of China in Asia today (Japan -- minus 0.4%, Korea - minus 1%, China - minus 5.9%, Taiwan - 0.24%).
side, a very volatile dynamics - the world oil market last Friday, but the negative dynamics of the consolidation of U.S. currency in Asia today. Price of the October Brent crude oil futures on the basis of Friday trading rose 0.28 to 72.79 dollars after the dollar's intraday low 71.9. In Asia, the price of the October Brent crude oil futures fell by 0.5 dollars. Today the dynamics of the oil market will determine the direction of the dollar after the statistics for the United States.
positive dynamics - the market of the major base metals on Friday, but the predominance of lower in morning trading in Asia today. At the end of Friday trading on the LME, the price of three-month nickel futures rose by 1.09%, copper - at 3.19%, zinc - 2.4%, to lead - at 4.23%.
moderate positive trend - in the sector ADRs for shares of Russia's oil and gas sector in the U.S. last Friday, mixed, slight discount to the closing prices of shares in RTS August 28: Gazprom - minus 0.05%, LUKoil - 0.8%, Surgutneftegaz -- minus 0.35%.
At Russia's stock market is expected predominance of negative dynamics of the basic indexes most of the day. Negative external drivers provide the morning decline in the early days, the absence of express drivers of growth will serve as a common reason for the predominance of intra-pessimism throughout the day. The previous short-term forecast fluctuations on the main index (from 1100-1130 points to 960 points with an intermediate solid support just above 1000 points). Probable today's local support - 1050-1065 points.
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