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In favorites, today's trading should be the action of oil and steel companies

Aug 28th, 2009 | By admin | Category: News and Comments

With the end of placements treasuries capital began to return to risky assets, contributing to the rise in global stock and commodity markets. One of the key benchmark for Russia's market - oil prices could recover to $ 72.5 per barrel, which allows you to build a very optimistic forecasts for today's opening. We believe that due to the rise in the commodity sector, domestic indices can grow today at 1,5-2% in the district in 1100 on the MICEX forth.

American indices after a very weak opening could win back losses and get out in the plus-up to the auction. The Dow added 0,39%, SP - 0,28%. At the beginning of the session the market continued its balancing act between the fear of excessive overbought indexes and raw materials and hopes for economic recovery. Indeed, the growth indices for a number of investors who came to the risky assets in the spring of this year pending the completion of a recession, now is an opportune time to take profits on the fact of emerging from the U.S. statistics indicating stabilization in the world's leading economies. Nevertheless, liquidity is unlikely to allow this category of vendors seriously affect the market in the short term, on the horizon of several weeks, apparently, will keep global indexes in the growing corridor.

overlooking statistics from the U.S. proved to be quite positive: GDP data were not reviewed: reduction in the second quarter amounted to 1%, while projections assume a decline of 1,5%. Statistics on GDP showed a significant reduction in stocks in the economy and, simultaneously, not as strong reduction in consumer demand, which improves the prospects for recovery of the U.S. economy. Data on unemployment were slightly worse than expected, but nevertheless reflected the general trend of reducing the number of primary hits.

Asian markets broke correctional movement and grow today at 0,4 (MSCI Asia Pacific). The main impetus for growth indices gave a recovery of demand for raw materials. An outsider was China, whose stock indices continued their downward slide on fears of input gosogranicheny onthe use of production capacity, which aim to prevent the crisis of overproduction.

With the completion of placements treasuries pressure on liquidity eased. Demand for the dollar and Treasury bonds fell, and capital began to return to risky assets. Recovery commodity markets has spurred the growth stocks of mining companies and contributed to outstripping growth of stock indices of commodity economies.

growth of petroleum quotations - the main benchmark Russia's stock market - will determine the positive opening of the major indexes. We believe that the indices will be added 1,5-2%, which will increase the MICEX index to a threshold in 1100 n.

favorites in today's trading should be the action of oil and metallurgical companies. In particular, it is worth emphasizing Gazprom, which did not manage to play good records for the most problematic for the company's 1 st quarter, Rosneft, which until the end of the year will continue to increase production through the timely launch Vankor. The only negative news for the oil industry may become FAS fines for willful overpricing of fuel leading players in the beginning of the year. As it became known, Gazpromneft will pay for it 4 billion rubles.

Once again, the demand could go back to the telecom. As the timing of announcements Schema restructuring the industry, the excitement around the MRC will grow. We believe that great benefits from the consolidation of the assets of minors will not receive because of the dominant state's share in the company formed, but did not rule out further speculative rise in the most attractive fixed assets - Sibirtelecom, Uralsvyazinform, Volgotelekome and, of course, in the center consolidation - Rostelecom . In addition, the mobile communications segment may look bad Vimpelcom, which was able to regain profitability ratio of OIBDA to the level of 50%.

In the energy sector can receive support network companies. Despite fears of increasing state control over pricing, plans to transfer networkers on RAB remain unchanged. At a meeting with Vice-premier Shuvalov on energy prices, the only solution which was adopted - it is a translation of network companies in the RAB. In 2010, the planned transition to the new tariff system FSK, and in relation IDC planned transition to RAB Lenenergo, Moscow Region Electric Power Company and Tyumenenergo.

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