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The attention of investors focused on the records of foreign companies, what matters is how the results will be better than forecasts

Oct 16th, 2009 | By admin | Category: News and Comments

Russia's players prefer to fix on Thursday of the profits after rapid growth. RTS index has lost 0,48%, falling to 1,434.35, while the MICEX index 1.56% to 1,341.64. Global reasons for reducing not yet available, but the overheated market needed to exhale. As a result, the leaders were former leaders of the lower growth, particularly Sberbank, VTB and Gazprom. The main reason for the decrease in serve European markets and uncertain opening of American playgrounds. European stock platform for the most part and did complete the session in negative territory. One of the reasonsfor the decline were corporate news. Nokia results were worse than expected, and reports Goldman Sachs and Citigroup were not as impressive as in the environment at JPMorgan, these messages have a negative impact on the course of bidding. Also partly positive results of U.S. companies are already in the current quotes, and for their further growth requires higher rates. However, the paper supported the market retailers, which went up on rumors of a possible acquisition of the British network J Sainsbury Plc National Fund of Qatar.

U.S. stock markets started the day raznonapravlenno, and to the end of the day managed to still get a plus. The first half of the session was marked by the release of financial statements of Citigroup and Goldman Sachs, which exceeded the forecast, but appears to still have been laid in quotes. Macro-economic data, despite the improvement in the labor market, where the number of applications for unemployment insurance fell beyond expectations, and growth index of activity in the manufacturing sector of New York to five-year high, failed to break the negative attitude of the first half. Much has changed after the oil quotations gone to annual highs, pulling a share of power engineering, which are compensated for losses incurred. The reason for the take-off in addition to weakening the dollar was a report U.S. Department of Energy on oil and petroleum products, which demonstrated significant reduction in gasoline stocks, while a slight increase in their forecast.

Asian exchange traded today with mixed dynamics. Part of growth is due to the positive dynamics of commodity prices. Furthermore, analysts continue to raise recommendations on individual securities, undervalued by the market. Financial results of U.S. high-tech companies, IBM and Google promote growth, as has exceeded expectations. In addition, IBM raised its annual forecast, which further added optimism markets. Interferes grow their market overbought, which causes a desire to lock in profits and is the reason for the reduction of some of them, as well as weak results of companies in the region, which turned out worse than forecast.

Russia stock market got a breather after rapid growth can resume it today, and the MICEX index again to go up to 1360. As shown yesterday, the statistics receded, so all attention to the regular reports of foreign companies. Positive profits are already in the current quotes, and therefore an important factor will be how the results will be better than forecasts, and any negative can be a cause for the decline. To move forward, the MICEX index to gain a foothold in 1360, then we could see new highs. At the foot of index support in 1340/1315.

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Analyst Ratings


Today, Russia's stock market could repeat yesterday's scenario
Apparently, Russia's stock market correction, which is all so much waiting until canceled
Risks associated with reporting companies from overseas, are able to exert pressure on Russia's indexes
The worst of the market today may look like bank shares because of lower investor interest in securities of financial sector
Expected a positive opening of tenders, jumped up oil prices should support Russia's oil and gas sector
Today, traders should pay attention to information on volume purchases of U.S. securities by foreign investors
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The last day of the working week basic data again come from the U.S.
Latin America: Brazil, China has improved the mood of

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