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In the afternoon, most of the market played part of the morning fall again in the second echelon are allocated shares of KAMAZ and AvtoVAZ

Sep 14th, 2009 | By admin | Category: News and Comments

Today, Russia's stock market showed correctional movement in the first half of the trading day within 2-3% for major blue chips. However, in the afternoon, most of the market played a large part of the morning decline. Again in the second echelon are allocated shares automakers: Kamaz, Avtovaz. These papers continue on a steady upward momentum. MICEX index continues to move in an uptrend, which can be broken only in case of traffic points lower than 1120-1130. Morning correction is more of a technical nature. In general, the index significant overbought is not observed, but individual papers, which showed relatively strong growth technically still looks overbought, in particular with regard to the shares of Sberbank. In these papers, if corrective sentiments will increase, decrease will be more dramatic.

In the course of trading in Asia dominated confident downward trend of 1-2% among the major indices, except the Chinese. A negative dynamics shows Japanese stock index Nikkei 225, which came to an important support level around 10200 points. If the motion is below this mark, then the prospects of a more serious downward leap of 5-10% will become real.

In Europe during the first half of today's trading day also prevails in the lower limits of 1% for the major stock indexes. Published data on industrial production in the euro area, we can estimate the neutral: a downward trend until the remains and was up 0.3% last month, slightly more than forecast, but the upward dynamics of industrial output was revised for the previous month.

As part of this week will be published some important statistical indicators for the U.S.: retail sales, industrial production, the volume started building houses, the number of building permits issued. Most of the indicators expected to be fairly good level, in particular the 2 nd consecutive month may show growth in industrial production, trends in retail sales for August as expected largely due to positive growth in car sales. Ie background while the news does not imply a strong downward pressure on equity grounds.

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