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In anticipation of the Fed decision on rates, players can take a pause, which can result in lateral movement and low trading activity

Feb 23rd, 2010 | By admin | Category: News and Comments

In anticipation of the Fed comments

Today, the Russian sites, we expect moderate negative opening, the main reason for which is the wave of reduction, which took place on American stages before closing. In the future, we do not expect major movements in the market. Focus players will be focused today to the Fed"s decision on rates and the comments accompanying the decision, which will come to 22.15 Moscow time. Pending a decision, players can take a pause, which can result in lateral movement and low trading activity. At the same time, leaving at the end of the trading session data on the housing market and oil and petroleum products in the United States is likely to stir up volatility, but will not be able to give impetus to the market direction.

Yesterday, Russia"s market continued to decline. In the morning, through the actions of the Central Bank of China and the negative data on the GDP of Great Britain, the Bears were able to steal market under the level of 1390 points on the MICEX. In the middle of the day the market started a wave of recovery, which allowed to test this level from below, but for the breakdown strength is not enough, resulting in market closed below it. In the fall of the leaders Rosneft and Norilsk Nickel, have lost 5,2% and 2,8% respectively. Better the market looked InterRAO (3%) and Mosenergo (0.6%). As a result of trading the MICEX index lost 2.19%, ending the day at 1,384.79 points.

traded on the American sites have opened lower quotations, but after the first third of the trades the major indices were able to get into positive territory. Wave of sales that took place at the end of the session, did not allow the markets to close in positive territory, taken indexes to the levels of discovery. As a result of the auctions the index Dow Jones and S P500 lost 0,03% and 0,42% respectively, the NASDAQ index fell by 0.32%. At the morning sessf85ion, futures on S P500 index shows lateral movement at yesterday"s closing levels of 9.45 and is trading at 1,087.75 points.

energy market after the closure of our demonstrated lateral movement above the $ 73, which continued this morning. As a result, 9.50 futures on Brent crude is trading at 73.4 dollars per barrel.

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Analyst Ratings


Better the marked68t today will feel the action network distribution companies of the electricity sector
It is unlikely that the MICEX index goes below yesterday"s lows against the background of stable oil prices
Several depressing situation Russian "blue chips" overseas
Trading volume on the stock market, MICEX Stock Exchange on Tuesday totaled 104.2 billion rubles
Asian markets in most of today reduced
The market expects the Fed to raise rates or strong statements
Exchange rate of dollars saved without changes - a review of cash markets
Lviv brought to default
Business refuses to pay

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