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The most important event this week, to which Russia's market will be sensitive, will be meeting OPEC

Sep 8th, 2009 | By admin | Category: News and Comments

Week starts on Russia's stock market dawned very positive, despite the lack of Monday trading on U.S. stock exchanges because of one-day vacation at the commemoration of Labor Day. Domestic indices considerably added to the background of strengthening the national currency and restore positive momentum to the oil market. However, one of the most important events of this week, to which the domestic stock market with a high degree of probability would be sensitive, promises to be a meeting of OPEC, to be held September 9 in Vienna. Assessment of the market and forecast production - the traditional agenda of the meetings of Ministers of Energy and Oil States of the organization of producers and exporters of oil. Numerous statements of economists, financial authorities and stock market participants to leave the world economy from the crisis must ultimately be confirmed by the increasing demand for energy. However, statistics on stocks of crude oil gained by developed countries, quite clearly demonstrates that there is now hardly an opportune moment for the abrupt change of course OPEC: stocks are still at maximum levels over the past 5 years. In any case, even if oil production ceiling, despite projected to be upgraded, this signal can be interpreted as a sign that OPEC shared an optimistic view to overcome the recession and the long-term oil prices will leave the corridor in the 60-80 dollars per barrel .

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Analyst Ratings


Better the market has traded banking sector, the worse the market - Uralsvyazinform, Rostelecom, and MTS
A fundamental review of the Forex market on 08/09/2009
Prices EUR /USD consolidates in a narrow range, limited levels of 1.4330 - 1.4360
Today analysts' forecasts for the pair EUR /USD - up for auction in Rendžov: 1.4370-1.4520
Ukraine has declined in competitiveness ranking
Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather ...


General rise in prices of raw materials inflated quotes Russia's oil, metals and mining companies
At the emergency section of the RTS futures move up, with the exception of futures on the currency pair RUR /USD.
Today, Russia's share platforms continue to turn green after all the world markets

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