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In the absed67nce of statistic data from the U.S. to regain its position during the day Russia”s indexes will be difficult

Feb 16th, 2010 | By admin | Category: News and Comments

On Friday morning Russia"s stock market continue to fall, started yesterday. Contribute to this would be absolutely all the external factors.

American indices seriously sunk on the eve of the weak statistics on the labor market and business activity, as well as the statements of Barack Obama"s about preparing them to plan to reduce business of American banks. The latest news greatly weakened the position of the largest shares of U.S. banks, even though recently published positive reports of a number of them. JPMorgan and Bank of America lost a day yesterday to 6% capitalization. The main indexes of the United States dropped on the basis of the trading day Thursday to 1-2%. Futures barely noticeable growing up in the morning, which, however, is little consolation, given the fall in the previous day.

Asian indexes decrease the fifth day in a row. In addition to the negative external background fears of investors in the region added an early expectations of higher interest rates in China, which increased after the publication of strong data on the growth of GDP of the country yesterday. Accelerating growth of China"s GDP in the fourth quarter to 10.7% can push the government of China for an early tightening of monetary policy in order to prevent overheating of the Chinese economy. On Friday morning the Chinese stock indexes fell on average by 1%. Other indexes in the Asian region are even more aggressive reduction.

rate of the dollar against six major world currencies steadily rising this week, yesterday he reached a four-month high. In parallel with the growth of the American currency, as is usually the case, falling prices for oil and key industrial metals. Yesterday, "black gold" has fallen in price by almost 2%. This morning it is trying to win back those losses, but so far the growth of quotations of both grades of oil shall not exceed 0,3%, ie, oil still traded below those marks that Russia traders watched on closed Russian exchanges on Thursday.

Thus, in the beginning of today"s trading session, Russia"s most liquid shares may go down another 1-2%. Rebounded during the day it will be difficult, given that an important makrostatistiki in the U.S. today does not go. May influence the course of bidding will have a number of reports of American companies, chief among which will be General Electric. In addition, you should pay attention to go in the eurozone at 12:00 Moscow time. January"s index of expectations of purchasing managers in the services sector (PMI Services) and industry (PMI Manufacturing).

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