Break of the previous maximum 1241 points on the MICEX index has provided the basis for further upward movement
Oct 8th, 2009 | By admin | Category: News and Comments Stock Market U.S.
Revision of estimates of levels for the U.S. banking sector against a background of a possible rise in interest rates on credit cards, together with an increase in the prices of shares of aluminum giant Alcoa, have caused the growth of another attempt on U.S. stock exchanges. Equity Bank of America and Wells Fargo rose by 2,1%. Papers Google Inc also finished the trading session of the growth (3.8%) after Oppenheimer Co. increased the recommendation on the shares of the company. Nevertheless, the paper AT T Inc. became leaders of decrease in the calculation of the index Dow Jones, despite an overall increase in the emergence of the possibility of iPhone owners use internet telephony.
Russia's stock market
on the equity market in the first half of the trading session can remain positive attitude on the background of the participants preferred the support of the product areas and the majority of the stock markets. Completion of bidding above the tested level in 1220p. MICEX index, together with the breakdown of the previous high - 1241p. In our view, creates a possible basis for the continuation of motion in an upward direction. In the event confident of overcoming the market level of 50% of the replacement correction passes on the position of the last peak, the following technical guidance is 1400p. MICEX index, which includes more than 14% growth on the level of the previous auction. For major liquid shares of the domestic market, this may mean achieving the following levels: Lukoil - 1940r., Gazprom - 195r., Rosneft - 250ð., Gazpromneft - 150r., Surgutnefegaz a.o.29 ,5-30R., Savings Bank SA - 70 rub. VTB - 0,07 p, MMC Norilsk Nickel - 4300r.
Commodity markets and currency
| Brent | - 0.91% | -68,44 |
| Light | - 0.92% | -69,96 |
| Aluminum | - 0,15% | -1887 |
| Gold | - 0,20% | -1007 |
| Copper | - 0,51% | -6182 |
| Eur /Usd | - 0,11% | -1,46 |
| Eur /Chf | 0,05 % | 1.51 |
| Eur /Jpy | 0, 22% | 131,6 |
| Gbp /Usd | -- 0,39% | -1,59 |
| Usd /Chf | 0,16% | 1,03 |
European stock market
European equity markets showed stability in the auction on Wednesday after a strong increase on Tuesday, but finished the session in negative zone. Shares Total, ENI, BP and Royal Dutch Shell fell to 0,17-0,82 percent as oil fell, though, and remained above $ 71 a barrel. Quotes of the British supermarket group J Sainsbury fell 3.41 percent, after the results of the company justified the predictions of lower growth in quarterly sales. Bidding on Thursday is likely to increase open quotes, pending decisions on the rates of the Bank of England and the ECB, and the news of an unexpected profit Alcoa will improve investor sentiment. The European Central Bank expected to keep key rate unchanged at a record low level of 1%.
| FTSE-100 | - 29.08 | - 0.57% |
| DAX | - 16.89 | - 0.30% |
| CAC40 | - 13.80 | - 0.37% |
Asian stock market
Asian markets grow a third consecutive session due to improved labor market situation in Australia, as well as profit growth Alcoa, which has exceeded the expectations of market participants. Equity National Australia Bank Ltd. added more than 4% to the closing of trading after the announcement of the statistical bureau of the reduction in unemployment. Mitsui O.S.K. Lines Ltd. - The world's largest owner of commercial fleet grew by 5.8% following an increase in assessment from Bank of America-Merrill Lynch.
| NIKKEI 225 | 32.87 | 0.34% |
| HANG SENG INDEX | 262.63 | 1.24% |
| SHANGHAI SE A SHARE INDX | 26.17 | 0.91% |
| SHANGHAI SE B SHARE INDX | 0.93 | 0.49% |
| KOSPI INDEX | 17.46 | 1.09% |
Gainers on the MICEX
| Raspadskaya | 6,83% | 122,7 p. |
| RosBusinessConsulting-cs | 6,43% | 48,29 p. |
| IrkEnergo | 4,58% | 14,55 p. |
| Savings-n | 4,10 % | 39,64 p. |
| AvtoVAZ JSC | 3,83% | 16,6 p. |
| PIC cs | 3,66% | 139,9 p. |
| VTB JSC | 3,43% | 0,06 p. |
Losers on the MICEX
| IDC SC | - 1,14% | -73,42 p. |
| UralCB-up | - 1 , 13% | -0,52 p. |
| Razguliay | - 0,75% | -59,9 p. |
| Korostelev-cs | - 0,67% | -142,2 p. |
| Aeroflot | - 0,66% | -43,5 p. |
| Magnet cs | - 0,28% | -1 775r. |
| KAMAZ | - 0,17% | -67,19 p. |
Dynamics MICEX Index (weekly chart)
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