Shares of Lukoil received additional driver of growth in the form of reporting, which proved to be better than forecast
Aug 28th, 2009 | By admin | Category: News and CommentsMedium uncertainty once again shook up Russia's market
During the session, trading took place in a positive manner. Improved after the closure of Russia's market on the eve of the external background gepom turned up, which was maintained throughout the session. During the trading day basic guidelines were growing up, that was drawn up and domestic indices. Futures Brent crude struck up a mark of $ 73 a barrel, while futures on the SP 500 index tested the level of 1036 points. This session was full to the publication of statistic data. Catechumen UK GDP data were better than expected, and the index of consumer confidence in the eurozone economy showed stronger growth than expected.
key statistic of the day were the data on personal spending and income in the United States, which stopped the bull head. The data differed slightly from the projections, which led to the fixation of profits. On the U.S. market futures made their way down, and with them - and the domestic exchanges.
finish the session will be determined by the dynamics of trades in the U.S. and the announcement of statistic data - namely, the University of Michigan sentiment index. These can significantly adjust the course of bidding. In my opinion, serious risks to shift positions on Monday no significant drawdown is expected. However, if market participants today will not fix the resulting growth and Russia's market will not adjust, the wave of bear sentiment will be waiting for us on Monday. Bidding on the last day of summer, most likely, will be held fairly unprincipled as important statistic data, which traditionally rocking global stock markets are not expected. The main event next week will be the announcement of the monthly report on the U.S. labor market, the expectation of which will exert pressure on the world platform for the whole week.
Technically, the stock market has not changed. MICEX Index is trying to win back the fall, received in the previous two sessions. Ruble indicator once again rushed to the important level of 1120 - 1130 points, but get out of it today will not succeed. During such an important saturated statistic data of the week mid-term trend has again not been determined. In my opinion, the index for a long time to consolidate between 61,8% th correction on Fibonacci and the level of 1120 - 1130 points. With such high levels, or will the drivers of growth and will emerge strong upward movement, the beginning of which will update the local maximum, or the market can ride baseless sale.
better look securities market oil and gas companies, which were too resold on the eve of today bribes to increase prices for black gold. Shares of Lukoil received additional driver of growth in the form of statements read by, which turned out better than forecast. The main ideas concentrated in securities of commodity companies, so the shares of financial institutions today show a less dramatic growth, but in the case of sales of paper of domestic banks may look more stable.
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