External background moderately positive for the market of Russia, America closed moderate growth, Asia is trading in positive territory
Oct 8th, 2009 | By admin | Category: News and CommentsGood day. Past auctions have closed moderately higher quotations on the equity market. RTS index rose by 1.32%. The MICEX index added 0,47%. Trading activity peaked in the last two weeks.
In the morning, the MICEX Index was able to update the local maxima, reaching 1245 points. Then the market moved sideways and downwards, forming a reversal candle on the daily charts.
nature of day candles on the basis of environment, as well as the increased trade volumes may testify in favor of the formation tops. The following days should confirm or refute the potential reversal of the market.
At the same time today, expect a positive opening of tenders. Probably MICEX rush to 1245-1250 items where possible will attempt to form a local double top.
U.S. stock indices closed in positive territory on Wednesday. Better the market was feeling the financial sector against the background of positive on Bank of America and Wells Fargo.
At the auctions in Asia, growth continues, fueled by record Alcoa, as well as strong data on the labor market in Australia. In September, Australia's economy has created 40 thousand jobs, while analysts expected a decrease of 10 thousand.
Futures on the SP 500 reached the area in 1070 points, where possible reversal in the range 1040-1070 or 1020-1070 points. Break of 1070 points could potentially lead to the district 1080-1100 points.
Futures on RTS Index closed the evening session slightly lower than 128 000 points. The immediate aim of growth for today - 130 000 points. Support - 126 000 points.
Within days the market will affect the following news and events:
#61485; 15.00 Moscow time, a decision on the rate of the Bank of England. Expected to continue at current levels (0.5%);
#61485; 15.45 Moscow time, a decision on an interest rate of the ECB. The consensus forecast unchanged (1%);
#61485; 16.30 Moscow time the number of applications for unemployment benefits in the United States.
moderately positive external background. America to close a moderate rise, oil and gas sector at the market, the financial sector better than the market. Asia is trading moderately upward.
The final recommendations:
Investors - cut position ;
speculators - sell short.
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Russia stock market against the backdrop of American grown-futures open gepom up
Again, before the opening of Russia's market share of a positive external background
At the start of the trading session favorites could be re-action Polyus Gold
Alexey Miller: Russia does not intend to reduce gas supplies to Ukraine
Latin America: Banco Santander accommodation not encouraged by Brazilian banks
Experts: Ukraine on the eve of raising rates on Government Bonds
Miller: Gazprom is not going to reduce the volume of gas supplies to Ukraine in 2010
Kommersant: Yulia Tymoshenko does not want to meet someone else's standards
Litvitsky: NBU advisable to reduce the discount rate
