Further dynamics of Russia's market is likely to be sluggish in the absence of trading on the American sites
Sep 7th, 2009 | By admin | Category: News and CommentsPositive opening
In Friday trading on Russia's markets have opened growth of quotations, which enabled the MICEX index to rise above the level of 1100. In the future, in anticipation of release of statistics on the U.S. labor market, the market began to decline correctional, which intensified after the release of data. Increase in unemployment in the United States to the level of 9,7%, has empowered the bears. By the end of the trading session the market was a small wave of growth, which will partially compensate for the fall. Better the market ended the day MTS shares (3.44%) and Mosenergo (5.77%). Worse market finished Uralsvyazinform (-2.93%), VTB (-2,8%) and Lukoil (-2.8%). As a result of trading the MICEX index dropped to -0.74%, ending the day at 1,085.58.
Trading on the American sites have opened in the neutral zone against the background of negative statistics on the labor market. Later there was an increase on the background information from the G20 meeting, the decision to continue the program to stimulate the economy. This information supported the market and allow indices to reach positive territory. As a result of the auctions the index Dow Jones and S P500 added 1% and 1.3%, NASDAQ index rose by 1,8%. Today in the U.S. Labor Day, in connection with what the American sites do not sell today.
energy market after the closure of our demonstrated positive dynamics, which continued today at the morning session. As a result, our open futures on Brent crude traded at 67.25 dollars per barrel.
Today on domestic exchanges, we expect a positive opening on the background of Friday's U.S. growth areas and the restoration of energy prices. Further dynamics are likely to be sluggish in the absence of trading on the American sites. If we talk about the upcoming week, information about the continuation of programs to stimulate the economy have a positive impact on the markets, but some declarations, with no real action, markets are unlikely to leave away. From the statistics that goes on this week, it is worth noting consumer sentiment index calculated by the University of Michigan, which could have a significant impact on market dynamics.
| log in and see the material;;
3; user rated material at 4. |
|
It is possible that investors' interest again today will be concentrated in the papers Sberbank
Futures for Brent crude traded at $ 67,29 /barrel, which ensured the opening of Russia's pads with a gap up
In general, the major currency pairs will continue on Monday, closely correlated with the stock indices
Speculation in the papers of Savings Bank, which on Thursday and Friday was particularly noticeable this week will be continued
Accounting Chamber of Russia to test the effectiveness of development RusHydro funds allocated for the restoration of the Sayan-Shushenskaya GES
Severstal completed the 1 st half of 2009 with a net loss of $ 944 million
During the week the pressure on the market will provide accommodation treasuries
Devaluation took
Secret counterparty
