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By mid-week market could satiable strong statements and begin to record profit

Jul 20th, 2009 | By admin | Category: News and Comments

Corporate accountability and good data on the development of new homes in the United States supported the positive sentiment in the stock markets. Investors believe that the horizon has seen the completion of a recession, which plays in favor of improving the economic expectations and supported the demand for raw materials, followed, and shares of commodity companies. Recovery of oil quotations to $ 65.8 a barrel, as well as the growth of major industrial metals, in a compartment with more than 2% of th growth in the Asian marketplace is likely to provide a domestic stock index opened at 2-3% higher than Friday.

Trades in the States on Friday near the end of Thursday: Dow gained 0.37% and SP in general fell by 0.04%. Investors are already difficult to impress corporate reporting, so, despite surpassed analysts' forecasts reports Bank of America, Citigroup and GE in the market there was fixation of the profits after a very productive week of bidding. Although, it should be noted that in comparison with the technology sector results were much worse than last year, possibly leading to the weak dynamics of quotations of shares of the financial sector. In addition, significantly destabilized the situation in the market speculation about a possible bankruptcy of CIT Group, which led to the fall of quotations of the financial institution for more than 50%. It looked stock market technology sector, which is not surprising against the backdrop of better than expected report on Google and IBM. Google earned $ 1.48 billion, or $ 4.66 per share against last year's result of $ 1.25 billion, or $ 3.92 per share last year. Gains IBM, in turn, was $ 3.1 billion, or $ 2.32 against the previous year's figure of $ 2.8 billion, or $ 1.97 per share.

However, at the end of the trading market was an occasion for growth: the statistics on construction surpassed market expectations: the number of bookmarks of new homes totaled 580 thousand in June, against 532 thousand in May and the modest expectations of economists in the 524 thousand number of issued building permits totaled 563 thousand, with projections 524 thousand

Trades in Asia are in a positive way: the growth of commodity assets, and statistics on real estate market contributed to raising MSCI Asia to 10-month maximum. A powerful local growth factor for Asian markets remains the restoration of economic growth in China.

It is likely that a positive external background will allow domestic indices revealed today the growth of 2-3% higher than Friday closing. Apparently, following the dynamics of trades on foreign markets, stocks can rise steelcompanies, but they are already close to critical levels of resistance and in the coming days may be adjusted downwards. Also better than the market should look neftyanka, in particular, Rosneft, Surgutneftegaz. Perhaps, the demand gradually begin to return to RusGidro and FSK, the reason for the sales, which last week became the news about the tariffs for 2010-2011. Additionally, in energy purchases may appear in Mosenergo, which issued a strong quarter, accounting for 1 to IFRS: the company increased profits by half - to 4.69 billion rubles., With revenues of 37.9 billion rubles. On the other hand, the Accounts Chamber in respect of funding sources investprogrammy from another gazpromovskoy energy companies - OGK-2 - can lead to sales of its shares and shares of companies twins - WGC-6.

It is likely that this week, very little on makrostatistiku will focus on corporate accountability. It must report about 150 companies from the SP 500 index, which is to Apple Inc., Coca-Cola Co., McDonald's Corp., Microsoft Corp. and Morgan Stanley. Meanwhile, as the Friday auction, investors have become more choosy in the statistics. They have not so much interested in the question of whether the beat reporting frankly low expectations, but its efficiency in comparison with last year's results. As a result, by mid-week market could satiable hard records and start to record a profit. In addition, it is possible that the two-day testimoniya B. Berbanke starting on Tuesday, could give the market a reason to record profits: a jump in inflation registered last month, Bernanke could take yastrebinuyu position and signal the possibility of raising rates.

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Analyst Ratings


Quotations oil brand Brent today before the opening of the Russian sites show an increase
All Asian stock indexes on Monday, showing a very positive mood, showing an increase of 0,5-2,5%
Today will be published by the index of production of inflation in Germany and the index of leading indicators in the United States
From the ability of quotations of futures on the black gold to overcome the $ 66 mark dependent short-term outlook for the shares of RF
At the end of Friday the MICEX index was 966.18 point, which is 2.92% above the closing level of the previous trading day
In the 1 half of 2009, Fortum cut power to 8.3 billion kW /h
Last Friday a pair euro /dollar to the U.S. session, rose to the level of 1.4145
At the end of the week the price rose to a level of $ 65 per barrel
The course is kept buying the dollar unchanged - the morning review of cash markets

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