On the possibility of further recovery of Russian market can be said when the strengthening position above 1013 points on the MICEX index
Jul 16th, 2009 | By admin | Category: News and CommentsRussia
forecasts sales of one of the world's leading producers of software Intel Corp. were higher than expected levels, have become a catalyst for growth in the major U.S. stock indexes the previous day. Quotes of the company's shares rose more than 7% to the closing auction, which was the largest since March of this year against the backdrop of increasing the number of orders for production of components from manufacturers of equipment in anticipation of increased demand. Shares General Electric Co. and Caterpillar Inc.takzhe gaining more than 5% due to positive data on industrial production in the State of New York resumed an optimistic mood about the economic recovery. Waiting less than previously planned write-offs of losses on the part of American Express Co. pushed quotes credit of up to 11%.
On the domestic stock market in the upcoming auction is likely to continue the trend rate of growth and the MICEX index may be placed 960p. At this level passes 200 hour moving average, which was down to overcome 17.06.2009 confirming the continuation of the downward momentum. Consolidating above this point may create a safety factor for the market, relying on this support. However, the possibility of further recovery could be said with greater certainty, subject to securing higher positions 1013p. MICEX index, thus breaking the previous level of local consolidation.
Europe
European stock markets closed, the increase on Wednesday, as the quarterly results exceeded the forecasts of Goldman Sachs and Intel improved the mood of investors. Pan-European index of blue chip FTSEurofirst 300 has completed trades to increase 2.6 percent to 862.31 points. Banking shares index added more items, as well as the results of Goldman Sachs, published on Tuesday, pushed up the financial sector. Quotations Barclays rose by 4.7 percent. Several sources familiar with the situation said that Barclays is considering selling one of its units and this week will meet with investment partners to discuss the matter. Paper HSBC, Banco Santander, Societe Generale and Credit Suisse went up by 3,9-4,4 percent. Shares technology sector is also in demand after the quarterly results and forecast Intel exceeded Wall Street expectations. Quotations ASML climbed to 4.4 percent, as the group stated that he expects sales in the third quarter, amounting to some 450 million euros and a gross profit margin of 30 percent.
| FT-SE 100 | 108.78 | 2.57% |
| DAX | 146.75 | 3.07% |
| CAC40 | 89.40 | 2.90% |
Asia
The Asian markets continued to rise against the backdrop of economic growth in China and increase the level of production in the United States, adding to optimism the reconstruction of the global economy. Jiangxi Copper Co .- biggest Chinese producer of metallurgical sector grew at auction in Shanghai for 4% against a background of growth of commodity markets. Rio Tinto Ltd. - Added more than 4.5% of the size of market capitalization, after increasing the profit forecast for the company by Bank of America Merrill Lynch Co. Stock Nissan Motor Co. with 34% of sales in North America grew by 3.7% in the bid to Tokyo.
| NIKKEI 225 | 74.91 | 0.81% |
| HANG SENG INDEX | 85.01 | 0.47% |
| SHANGHAI SE A SHARE INDX | -5.11 | -0.15% |
| SHANGHAI SE B SHARE INDX | 0.68 | 0.34% |
| KOSPI INDEX | 11.36 | 0.80% |
United States
U.S. stock market rose on Wednesday, with the SP 500 index showed the best three-day dynamics of March, thanks to the results of Intel Corp, renewed hope for the recovery of the costs of technological products and the improvement of corporate profits. Since the beginning of the week SP 500 added 6.1 percent, as companies, including Intel and Goldman Sachs Group report on the results, significantly exceeding expectations. This is the best three-day increase since the major U.S. stock indices started to recover after the failure of up to 12 years minimum in early March. The current reporting season is key, as investors look for evidence of economic recovery. Another sign that consumers may feel better than many feared, was the statement by U.S. issuers of credit cards that the number of defaults and delays in payments in June turned out below expectations. American Express forecast that in the second quarter of its cases will go better, increased shares of the company to 11.3 percent. Optimism is also supported on the U.S. manufacturing sector, confirmed that the recession ends, as well as a recent meeting of the Fed, under which regulators have concluded that the decrease in the economy is slowing.
| DJIA | 256.72 | 3.07% |
| SP 500 | 26.84 | 2.96% |
| NASDAQ COMPOSITE INDEX | 63.17 | 3.51% |
| NASDAQ 100 | 48.14 | 3.31% |
Closing bid for ADR GDR in the western areas was positive.
| Gazprom | 2,18% |
| Rosneft | 0,82% |
| Surgutneftegas | 0,82% |
| MMC Norilsk Nickel | 0,82% |
| Rostelekom | 2,79% |
| Gazpromneft | 2,47% |
Prices are per 1 share
* closing price of a receipt for the United States and European markets to the closing price of shares on the MICEX.
major macroeconomic statistical data suggest that attention to the number of applications for unemployment benefits last week, the index of business activity in the state of Philadelphia and the index of home prices in July in the United States. The data will be published in 16-30, 18-00 and 21-00 on Moscow time.
MICEX (time schedule)
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