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The market remains strong: the corporate reporting in the U.S. continues to go better than expectations, as oil prices move to $ 70 a barrel

Jul 21st, 2009 | By admin | Category: News and Comments

The Russian stock market has grown steadily as a result of trades on Monday against the backdrop of the growth of quotations of oil and the sharp strengthening of the ruble. As a result of trades on the RTS index rose 5.11% to 972.31 points and the MICEX index at 2.03% to 985.81 points. Activities of bidders that remained at the average level for the last few days: the volume of trades on the MICEX reached 53.87 billion rubles.

Trades on Monday, as expected, opened up certain quotations, following the increase in the growth of Asian markets and oil prices. The focus of the bidders on Monday turned out to be the dynamics of the ruble, which sharply towards bivalyutnoy cart: quotes during the day reaching 36.67 rubles to the basket, with the close of Friday, they were 37.64. Thus, quotes ruble have returned to levels at which they were at the end of June, with oil prices near 70 dollars a barrel.

In mid trading session, the MICEX index was able to achieve by 1000 points, but was unable to overcome it by the end of trading session rolls back to opening levels.

Today in the morning, we expect to see a modest correction after a failed attempt to overcome the mark of 1000 points. Promote the sale will also be negative dynamics of futures for the major U.S. indexes and a correction in oil prices. At the same time, the market remains fairly strong, as corporate reporting in the U.S. continues to go better than expectations, as oil prices once again moving towards 70 dollars per barrel. We do not expect a significant deepening of correction during the day, and in the second half of the day did not rule out another attempt to overcome the 1000 points on the MICEX, if you go today, many corporations continue to report optimistic series.

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Analyst Ratings


Today promises to be quite rich in terms of accountability of American companies for the 2 quarter of 2009
Russian ruble to the dollar and bivalyutnoy basket today by 11:00 Moscow time was 31.18 and 37.04 rubles
Asian markets today are growing, while Japanese Nikkei225 adds 2.73%, futures on S P500 reduced by 0.25%
Another aim of the MICEX index growth rate can be 1100 points
TGC-14 will send more than 1.6 billion rubles for the reconstruction of Ulan-Ude TETs-1
Futures oil brand Brent traded below $ 66
European currencies continue to feel very confident
Index bigmaka: U.S. should cost 3,74 UAH
Kommersant: Gosmonopolii will be calculated with one another Barter

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