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Further movement of the Russian market will depend on external signals, which are not conducive to shopping

Jul 2nd, 2009 | By admin | Category: News and Comments

All the fun happened again after the closing

According to the results of yesterday's session, the MICEX index closed more than 4% by the black, with the main motion, in the tradition of recent sessions, fell on the last hour of the trading day.

macroeconomic statistics for the United States, published closer to the finish, had a positive impact on the market, despite the conflicting data. Following the closure of the situation on the external site has changed for the worse, which is reflected in the course of the evening session on FORTS, which resulted in futures on the RTS index lost 0.31%. U.S. indices went from daytime highs, continuing to consolidate at levels achieved. For example, SP 500 traded in the corridor 900 - 930 points.

Prices for black gold sprinkled down after the publication of data on oil and oil products, which will have the greatest pressure on the Russian stock market. MICEX opened for can easily play down evening spurt, which exceeded the per cent, bringing the index back again to the level of 1000 points. Further movement will depend on external signals, which are not conducive to shopping. U.S. futures indices are traded in the red in anticipation of a report on unemployment, which, according to preliminary data, may disappoint investors. Oil continues to deliver position, and the dollar could rise even more force in the domestic securities market quotes.

After the morning sales, which can be enhanced factor perekuplennosti evening, the market traditionally zalyazhet in the outset, before macroeconomic signals. Unemployment euro adjust the mood of market participants before lunch, after which we will wait for signals from the currency market, based on the outcome of the meeting the ECB. Finals will determine the statistics for States, which will be a major factor in shaping the trend for the remainder trading week.

the eve of the major U.S. indices continued their lateral motion, waiting for the key statistics for the week of unemployment. Macroeconomic background during yesterday's session was varied. Proved positive statistics on sales of new buildings, as well as business services. Here is today's pre-statistics data on the number of jobs огорчили investors.

At the Asian sites dominated by negative moods, which can also provoke a sale. Vyderzhivaya pause after record quarter, the indexes for emerging markets continue to bezydeynuyu trade, which is typical for them are already in the second half of June.

At the end of the evening session on FORTS majority of contracts for oil and gas sector, the paper declined in value. Outsiders have been contracted for shares Lukoil (-0.63%) and Rosneft (-0.34%). It looked like a contract for the shares of Gazprom (1.14%). Before the shares of Russian neftyanki suffered the biggest shopping at the finish of trading session and returned to the strong resistance levels, so the opening is this paper can be outsiders.

Shares of banks also showed rapid growth at the close of bidding. During the evening session on FORTS contracts in the paper banks closed in good plus ((0,31%) and (1.53%) added to the contacts of Sberbank and VTB shares, respectively), which may support the quotes at the opening session. In the case of a positive environment recommend record profit in the securities of banks and look for other, more interesting ideas.

One of these ideas can now become a campaign RusGidro, on the eve of the market ahead against a background of information on plans to launch the first-level ADR program in mid-August 2009. During the evening session on FORTS positive momentum is preserved - a contract for the company's shares gained 4,08%.

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Analyst Ratings


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