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In the case of reconstruction of external backgrounds can be expected to continue growing Russian market

Aug 4th, 2009 | By admin | Category: News and Comments

Saturday market held in a positive dynamic. Initially supported by rising oil prices above 73 dollars per barrel on oil brand Brent, but in the future and the positive dynamics of futures for U.S. indices, Russia has overcome the previous local maximum, and could rise to the level of 1090 on the MICEX Index, which halted its ascent. The second wave of growth began after the statistics on an index of business activity in U.S. manufacturing (ISM Index, of 48.9 points, 46.5 points expected), was better than expectations, which allowed the market to achieve the level of 1100 points. Better market finished the day the paper Sberbank and Polyus Gold added 9% and 8.6% respectively. Worse market looked Paper Rostelekom (1.3%) and Mosenergo (1.7%). At the end of the trading the MICEX index added 4.33%, ending the day at 1098.95.

Trading on the American markets opened in positive territory. After a brief correction, the growth was continued. As a result, the closing Dow Jones index rose by 1.23%, S P500 Index and the NASDAQ added approximately 1.5%. At the morning session, the index futures on the S P500 demonstrates correctional trends of the level of 1000 points to 9.50 and traded at 996 points.

energy market after the closure continued to show positive momentum. As a result, futures oil brand Brent finished the day at 73.6 dollars per barrel, setting all the local maximum at 73.86 dollars. At the morning session, there is mismatch dynamics. By 9.55 the contract traded at 73 dollars per barrel.

Today, at the opening can be expected to lateral movement. External background differently, on the one hand mismatch energy market dynamics, on the other hand the growth of American playgrounds. However, in the future, if the restoration of external background, we can expect continuing growth. Towards the end of the day the players pay attention to statistics, index of personal spending and personal income.

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Analyst Ratings


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