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Russian stock market will start the day at yesterday's positions in an attempt to overcome the level of 1100 points

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

Russian stock markets on Monday continued its ascent to the peak early June. RTS Index rose by 4.96% to 1067.98, while the MICEX index rose by 4.33% to 1098.95. Overseas stock markets did not know sadness due to the macroeconomic data and corporate reports make our indices to gain weight rapidly. In addition to this background, oil climbed above $ 70, also affects the price and the weakening dollar, but the main factor is still improving the economic climate in the world. Indexes of business activity in the manufacturing sector of Germany, Great Britain, the euro area as a whole and the United States, published yesterday, exceeded expectations. In addition, once the data from the U.S. housing market showed encouraging signs of recovery, so the cost in the construction sector in the United States Monday showed growth. As leaders of the same growth was Sberbank, which seemed to be going up after their European counterparts.

European stock markets came on Monday to a new peak in the current year. Optimism is linked to reporting banks Barclays and HSBC, which were the main profit thanks investbankingu, like most of the world's largest banks, to show their results earlier. Positive statistics has become an additional reason for the purchases. Besides a good impression on the markets has had a statement of Alan Greenspan that a recession is close to completion, and the third quarter could be more than welcome for the American economy. Shares of commodity companies keep pace with the trend obscherynochnoy because of forecasts: the International Energy Agency of an impending energy crisis and Nurielya Rubin about the rising cost of black gold in 2010.

U.S. stock sites have begun to lift the major indexes week. Financial institutions have increased due to the results of European banks. Another force driving up statdannye and steel prices, which sent up shares of mining and energy companies. Positive information to the industry came to be known from the Ford Motor Co on the growth of sales year on year.

Asian markets, today opened for optimism because of the corporate results of companies in the region and expensive raw materials, has surrendered its position in the second half of the trading, and some of them migrated to the negative territory. It looks as if wishing to fix the many-profit rally slowly beginning to increase.

The Russian stock market will start the day at yesterday's positions in an attempt to overcome the level of 1100. This will help podrosshie overnight U.S. futures. Oil is also high enough that the paper would support the oil and gas sector. MICEX index may go to 1110, but given perekuplennost after yesterday's recovery, may be followed by further fixation, and the index could retreat to 1080/1070.

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Analyst Ratings


Today in individual securities may be a residual demand after the explosion of the previous day
Today, speculators and investors will not be able to relax after yesterday's race market
Today is a record profit for the long positions, and the open short position
The price of oil bids on Monday rose above $ 71 U.S. a barrel, the highest level over the past 7 weeks
Among the potential of today's trading session favorites, you can allocate shares NorNikelya and oil and gas companies
External background at the opening of the Russian market is moderately positive, rising to close America, Asia traded mostly up
At the local site is expected to moderate positive opening
In the 1 quarter of 2009, VTB received a net loss under IFRS of $ 20.5 billion rubles
The players are optimistic on the background of positive dynamics of the trading in the U.S., which updated the records of the year

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