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In the best performing Surgutneftegaz and Sberbank, added 4% and 3% respectively

Aug 5th, 2009 | By admin | Category: News and Comments

Today at the Russian sites continued positive momentum. Morning trying to Bears lead the market down, met a wave of purchases, which led first to the positive indices of the territory, and then the new local maximum. Shopping through the entire range of securities. In the best performing Surgutneftegaz and Sberbank, added 4% and 3% respectively. Slightly worse than the market, see Tatneft, Lukoil and Norilsk Nickel, the growth of which is slightly more than 1.5%. By 14.40 the MICEX index rose by 2%, reaching 1125.

Market participants maintain a positive attitude. The growth of futures on U.S. indices, as well as emerging turnaround in crude oil futures for Brent marks above 74, give the force bulls and allow them to extrude the market to new peaks. We define the closure of statistics because of the ocean. At 16.15 will ADP data on unemployment in the United States (ADP Employment Cange, is expected to -350 thousand, the previous value of -473 thousand) in 18.00 will be issued statistics on an index of business activity in the services sector (ISM Services, expected 48 points, the previous value of 47 points) and the index of industrial orders (Factory Orders, expected -0.8%, previous 1.2%), at 18.30 to be published data on oil and petroleum products in the United States that could affect the dynamics of energy prices.

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