If you change the situation on Russia”s market of foreign sites may jump out of the corridor 1370 - 1400 points on the MICEX
Feb 23rd, 2010 | By admin | Category: News and CommentsRussia stock market on Tuesday resumed its decline, the RTS index eased to 2.8% to 1,444.33 and the MICEX index on 2,19% to 1,384.79. Outside the background most of the day created a negative pressure on Russia"s stock exchanges. Firming dollar dovlel over oil quotations, which pulled over our oil industry is. In addition to individual oil companies exacerbat1000ed the situation circulating information about the possible abolition of tax holidays applicable to East Siberian fields. Data on the slower growth of GDP of Great Britain than predicted, as well as falling house prices in the United States beyond the expectations set the negative tone of trading. In addition, in the attitudes of Asian sites dominated negative because of the possible tightening of monetary policy, China and the fall of the GDP of South Korea. Could cushion the fall by U.S. consumer confidence index, which exceeded expectations, reaching a peak in September 2008. European stock markets managed to partially break the negative and positive zone for the catch. Spoiled the mood of the data from the UK and USA, as well as news from China. However, statistics from Germany, where the sentiment index in the business and economic expectations have exceeded predictions, supported by regional papers, and reinforce success has grown due to consumer confidence in the U.S.. Positive emotions added quarterly results of companies such as Siemens and Novartis.
U.S. stock markets failed to gain a foothold in positive territory, moving to negative territory. Statistics wore a multi-faceted character, although the confidence of consumers for some time, she was able to reverse the negative factors, but the corporate news in the majority were positive. In particular, the results of such companies as Apple, DuPont, Travelers and Johnson Johnson, were significantly better than expected. Nevertheless, despite these advances, the market was dominated by sales of advantage because of the stress associated with the meeting of the Fed, which already published results.
Asian exchanges in most of today are reduced. The fall in commodity prices and the strengthening of the yen a lot of pressure on the paper. Support for shares of the pharmaceutical sector has Fuso Pharmaceutical Industries Ltd with annual values of the profit, also pleased with the company Kao Corp., Declared that for the past nine months exceeded the annual forecasts. Statistic data from Japan showed an increase in exports and trade surplus country, far exceeded expectations, adding to optimism sites.
Russia stock market opened yesterday near the levels. Foreign markets continue to hold their position at the supports. Below we have support at 1370, and at the top mark of 1400. If you change the situation on foreign markets, we can jump out of the current corridor 1370 - 1400, and much will depend on what direction will choose foreign fields, if they can rebound from their supports, or the depth of the fall will increase. For us a negative scenario could result in a drop in the MICEX Index for 1350.
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At the opening of Russia"s market will continue to restore, but expect significant growth in prices until the costs: the major players took a break
Futures on the RTS index lost 2.48% the day, dropping to a value of 145 660 points
Under most pressure now may be the paper"s largest Russian banks
Russia stock market is influenced by the negative external background, it is expected a negative opening of domestic sites
Exd82ternal background moderately negative for the market of Russia, America closed moderately lower, Asia traded raznonapravlenno
Today, the closest level of support for the RTS Index futures will mark 147.800 and 149.000 points
The international currency market on Tuesday once again dominated by pessimism
Yesterday, the euro /dollar continued its decline in the U.S. session, and reached a mark 1.4041
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