Closed on Friday short positions today can be reopened in the calculation for the continuation of the negd06ative dynamic
Feb 19th, 2010 | By admin | Category: News and CommentsThe focus this week to the rate of GDP and the U.S.
Today, we expect to reduce the opening of Russian sites. External background, as falling U.S. markets and the negative dynamics in oil prices will continue to influence our market quotes. In this regard, closed on Friday short positions today can be reopened in the calculation for the continuation of the negative dynamics in the coming week. With the opening of the Bears" attempt to push lows on Friday and continue to close the "New Year"s gap", but in the middle of the day, we expect the market to move sideways movement in anticipation of statistics from the U.S. and reports of American diggings.
In Friday trading on the Russian sites have opened with "gepom down is not a negative external background. The reduction lasted throughout the first half of the session, bringing the index reached a level of 1400 points, which began rehabilitative movement is linked to the closure of speculative short positions before the weekend, allowing the market partly offset the fall. The worst of the market looked VTB and InterRAO, lost 4% and 4,5% respectively. On the positive territory closed Rostelecom (2.2%) and Uralsvyazinform (3.5%), against a background of information on the transfer of shares of Rostelecom ASV in trust VEB. As a result of trading the MICEX index lost 1.78%, ending the day at 1,410.38.
The first half of the trading session on the U.S. markets went sideways movement under Thursday"s closing levels. Since mid-Trade sales have increased, and renewed downward momentum that persisted until the end of the day. As a result of the auctions the index Dow Jones and S P500 lost 2,13% and 2,21% respectively, the NASDAQ index fell 2.67%. Today at the morning session, S P500 futures index was able to play last Friday"s decline partly to 9.40 has reached a level 1097 points.
energy market after the closure of our continued its decline, resulting in futures on Brent crude finished the week at 72.4 dollars per barrel. At the morning session, the contract demonstrates the corrective growth, which resulted in a 9.40 Moscow time. traded at 73 dollars per barrel.
If we talk about the upcoming week, then the market will continue to influence reports of American companies, most of which show good results, but the external background does not allow this to win back positive. Of the macroeconomic news should make a decision on rates, thef1fU.S. Federal Reserve, which is not expected to change and focus players will be drawn to the comments accompanying the decision, as well as the initial estimate of U.S. GDP for the fourth quarter, which should show the state of the world"s largest economy.
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