The reason for success of new oil market is the sharp decline in U.S. stocks in storage
Jun 14th, 2009 | By admin | Category: News and Comments Yesterday
On Wednesday Russian stock market showed modest growth, about a half percent. Tenders were to frankly low. Despite all its background, investors hurried to buy the paper. No quotations of oil nor the strengthening of U.S. futures are not able to make the increase of Russian bulls. Bidders woke up only with the opening of the main trades in America. First, markets are optimistic welcomed data on oil reserves in the United States, and then began to sell securities after the falling U.S. indices. Among the leaders of yesterday's growth should be noted oil and gas sector, which clearly looked stronger than the market. But the paper Sberbank on the contrary have respite. Trading volume was extremely high for this paper, and the daily range to look modest. Thus, the RTS index, on Wednesday, added 1.49% to 1121.79 point, the MICEX index rose by 1.78% - to 1133.69 points. Trading volume amounted to: the MICEX - 52.04 billion rubles., The market shares of the RTS - to $ 226.2 million Russian investors are frozen in indecision, deprived of clear guidance from the U.S. indices. On the world markets all week dominates the lateral trend of dying volatility.
U.S. market
Markets United States once again were unable to determine the direction. Since the start of trading sessions, the market looked quite dramatic. -Established above $ 70 a barrel oil prices have begun to exert pressure on the American economy. Higher prices for gasoline reduces the population of America to increase consumer spending. Of course increasing the cost of the airline, whose shares were under pressure yesterday. But the main reason for lowering the indices in early trades in the United States were the results of the auction on a ten-year US Treasuries. Yesterday, investors saw the long paper is not so interested in the market, as trehletki eve. Yield of a decade of US Treasuries, the U.S. placed the Ministry of Finance on Wednesday, was 3.99% per annum. This is the maximum rate of accommodation gosbumag during the auction in August. Yield of a decade of US Treasuries rose to close the market by 9 basis points - to 3.95% per annum. During the bidding, it reached 3.9975% per annum - the maximum since October last year. Under pressure were the same, and paper banks. Shares Wells Fargo cheaper at 2.9% - to $ 24,91, Morgan Stanley - to 5.6%, to $ 29.26.
However, the closure of the trading markets for U.S. played most of the losses and closed in a symbolic red. Index Dow Jones Industrial Average fell to a closing of the market on Wednesday at 24.04 points (0.27%) - up to 8739.02 points. Standard Poor s 500 dropped 3.28 points (0.35%), reaching 939.15 points. In the morning session on futures on U.S. indexes on the new 0.4%.
Oil
The price of black gold continues to storm the local maximum, and seems seriously focused on the levels of $ 75 - $ 80 per barrel, so welcome to OPEC. The reason for success of new oil market is the sharp decline in U.S. stocks in storage, which is the eve of raportovalo the Department of Energy. It should be noted that not only reduced oil reserves, but gasoline.
Asia
Stock Indexes Asia Today show raznopravlennuyu dynamics. Japanese Nikkei, traded close to zero, the index of wide market Topix adds about 0.2%. Korean Kospi rising by 1%. On the mood of investors continue to be influenced by high prices for raw materials, as well as the stock trades in the United States, which culminated in divergent changes in stock indexes. In the best performing commodity paper companies, which supported rising prices for oil and metals. The course the Japanese currency against the U.S. is 98.12 yen per dollar to 97.15 yen to the dollar in the previous session.
Today
External background before opening tori now mixed. Oil, of course, will support the Russian stock market. Optimism gives the same dynamics of American futures. Asia, however, rose from zero-sum, while futures on the RTS index lost 1.5% at night. We remind you that today FORTS last day of the June futures.
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In favor of bears, says tomorrow's holiday, some speculators will not want to stay an extra day in the paper
Today in Russia will win the desire of players to record profits before the long weekend
The Russian market is expected to open with gepom up 0.2% on the MICEX index
MICEX index have the opportunity to gain above 1140 points and go to the conquest of 1160 items
As a result of environmental significance MICEX index was 1133.69 item, which is 1.78% above the closing level of the previous trading day
Another gift from the oil, which rose quotes per night to $ 71.5, trigger the opening of trade with gepom up to 1.5-2%
The main driver of growth of Russian sites will continue to remain higher oil prices
Outside the background before the opening of the Russian market is moderately positive: America to close a moderate decline, Asia traded mostly up
Today is the opening bid on the Russian stock market expected to near previous closing levels
