Return oil futures to levels above $ 76 gives chance to Russian indices close to the annual maximum
Mar 21st, 2010 | By admin | Category: News and CommentsOn Tuesday, Russian index added about 1,5%. Today, a positive external background allowed to continue upward movement to 13:00 MICEX index adds 1.2%, RTS index has increased by 1,45%. Support to the market have good reports from companies, in part1000icular, have published their corporate reports for the IV quarter of: Mitsubishi UFJ Financial Group Inc. - Net profit for the year $ 2.4 billion compared with a loss in 2008; Honda Motor Co. -Net profit in the latest quarter rose 6 times, almost twice the consensus forecast, the leading home appliance manufacturers Whirlpool and Electrolux in the following fourth-quarter profit increased 2 and 7 times respectively.
growth of stock markets maintained stable dynamics on commodity platforms, on Wednesday, rising oil price Brent (0,75%), Light Sweet (1%), added base metals. Return oil futures to levels above $ 76 gives chance to Russian indices close to the annual maximum. However, establishing new highs it still does not go, because the volume of offerings greatly exceeds the volume of demand: investors are willing to close their long positions at the next levels of resistance. By 18:00 Moscow time the index will be published in the ISM non-production sphere, which, though not as important as a significant increase in ISM index on Monday in the productive sphere, but also can support the optimism of trades in the case of growth.
| Log in and enjoy the material;;
1; user rated material at 4. |
Analyst Ratings |
Ministry of Industry: In 2009 the turnover of retail trade decreased by 5.5% to 14.5 trillion rubles
Ministry of Industry: Manufacture of pharmaceutical products in Russia in 2009 decreased by 8,3%
Asia: Indices enough reason to gain a foothold in the Green Zone
Banks do not have enough capital
In Ukraine, went up the dollar and the euro
Expert: Excise Policy in 2009 gives reason to raise the excise tax on cigarettes
Asian shares rise in price on Wednesday on reports of increased sales in the U.S. housing
U.S. index rose by about 1% rise in SP 500 for 2 days was a record in October
NLMK shares tend to grow up dangerous for "bull" line, but trading volumes do not support the "white" candles on the hourly charts
