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Dynamics of Russia's market will continue to depend on oil prices

Oct 6th, 2009 | By admin | Category: News and Comments

Monday on our stock market ended with a slight change in the major indexes. On the morning situation in general, and generally neutral. U.S. stock indexes demonstrated on the eve of a negative change, but the background is so depressing statistics, it could be more significant. Europe closed in the red. Oil prices have indeed dropped below $ 70, but not by much. Thus, the hesitation to open up /down the middle of the day we finally met with almost zero change in major indices, and, with almost complete absence of significant news, managed to maintain a neutral attitude to the end of the day. Of the interesting developments, however, it is worth noting the rise of shares AVTOVAZ, rising up to the day more than 20%. The reason for this became the word premiere of Vladimir Putin that all shareholder in the carmaker should take part in his salvation, including the French Renault, whose representatives attended the meeting.

beginning of the trading day Tuesday, meanwhile, was characterized by the growth of the major indexes. Before the start of his situation has improved markedly. Oil prices have remained stable and in the morning, and after trading began. Foreign trading floors closed in positive territory on the background of macroeconomic data from the ocean, where the index of business activity in the service sector has exceeded expectations. In addition, the continued strengthening of the ruble against the major currencies, and at the morning session, he went below the round mark of 30 rubles. dollar. Thus, the opening of our market was in a positive manner, and after half an hour of trading the main indexes added about 1,5%.

In the future, today also promises to be quiet - the expected significant developments are not many. Of them there is a planned publication of the volume of industrial production in the UK, as well as the statements of some companies, the publication of which begins this week. Today, its quarterly results to share with us, for example, the company Pepsi Bottling, as well as the operator of fast-food restaurants Yum! Brands. However, it is unlikely these events would be able to significantly influence the dynamics of our market - most of it will still depend on oil prices, which have stable and will remain at acceptable levels.

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