>

Keep a positive external background color, futures for Brent crude is trading around the level of $ 74 per barrel

Oct 15th, 2009 | By admin | Category: News and Comments

Market updated annual maximum, but could not keep in the black

Trading on the Russian sites have opened growth of quotations on the background of growing U.S. sites and energy prices, but after setting a new annual high of 1382.78 on the MICEX, the roar began selling to increase the index below the levels of previous day's close. Better market traded shares of Gazprom Neft and Tatneft to be added more than 2,5%. Worse market RusHydro (-4.4%) and Rostelecom (-2.6%). By 14.30 the MICEX index lost 0.5%, dropping to a level of 1356.2 points.

Finding support in the external background, bulls in the first few minutes they succeeded in taking the market to new highs, but sales related to profit-taking and the opening short positions increase the market down. It should be noted, the background color remains positive, futures for Brent crude traded above the level of 74 dollars per barrel, and a contract for the S P500 index shows the lateral movement of 1,088 points. As of Tuesday, Russia's playgrounds ignore external background, and this, of course, wine major players emerging from the papers at annual highs, without waiting for further upward movement of the market.

In the future market dynamics will depend on macroeconomic statistics from the U.S. and the U.S. company at 16.30 will be published data on initial applications for unemployment benefits (Initial Claims, expected 520 thousand, the previous value of 521 thousand) and the consumer price index ( CPI, is expected 0,2%, the previous value of 0.4%) for September, a 18.00 index of business activity in the region the Federal Reserve of Philadelphia (Philadelphia Fed., expected 12 points, the previous value of 14.1 point). Also, special attention will attract players reporting Citigroup and Goldman Sachs. In the case of positive data vendors may leave the market and give a bulls will, and then, if they really doubt the continuation of growth, back on the market at higher levels.

log in and see the material;;

Your score will be the first!


Analyst Ratings


On inflation, save deposits and securities
Pound actively wins back the lost positions, the dollar showed weakness
Above the dollar clouds are gathering
Positive forecasts for earnings of U.S. companies and urgent to reflect on the Asian stock market
Banks carried away Government Bonds
Ukraine reduced oil imports in 9 months. 2009 to 2,2%
Friendship sealed Ground
Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather ...


Index of the Frankfurt Stock Exchange Xetra DAX fell 0.49%, the index of the London Stock Exchange FTSE 100 fell 0.51%

Leave Comment

You must be logged in to post a comment.