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The Russian market continues to enjoy the beneficial effects of higher oil prices and the ruble

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

The Russian stock market continues to enjoy the beneficial effects of higher oil prices and the ruble. RTS Index yesterday rose by 5.1%, MICEX - 2%, leading to growth - the banks and stocks of commodity companies. Gazprom now stands at 2.7% more expensive than the beginning of the day Monday, Nornikel by 5% to 3.4% Sberbank, Rosneft nearly 2%.

mood to increase presence in other world markets. European indexes moved up financial institutions, oil and energy companies, automakers have been in the red, in particular, Volkswagen, Porsche to which the merger is delayed, as well as telecommunications companies, the retail sector. The overall index Dow Jones Euro Stoxx rose by 1.3%, Britain's FTSE at 1.25%, French CAC at 1.6%, the German DAX by 1%.

Trades in America opened yesterday with gepom up to 0.6%, then slightly adapted, remaining, however, above the closure in the last hours of the session was resumed growth, as a result of stock market indicators for the U.S. in the black by about 1 , 2%. Leaders, on the basis of trades - technology companies in the red and the consumer finance sector. There is an exception: shares of CIT Group, even a week ago following shall be considered a candidate for bankruptcy, led to rabid interest of investors (55%) on news that the large holders of bonds the company agreed to provide another $ 3 billion to avoid bankruptcy. While the study was also seen Goldman Sachs, who expect the rally in U.S. stock market in the II semester (SP 500 by the end of the year 15% of the 30 June).

Whether these positive factors work to increase the capitalization of the Russian stock market today? Oil futures after growth prior adjusted downward and traded 0.2% below the previous closing. The dollar grew to Euro and other currencies except the yen, after Federal Reserve head Ben Bernanke, in his article made a number of thoughts that allow investors not to fear an uncontrollable inflation due to the infusion of state money into the economy. These ideas can be developed in the course of my head fedrezerva: this evening he meets with the United States House of Representatives, the Senate tomorrow.

We look forward to opening up Russian shares: market quotes the most liquid companies on premarkete today exhibited higher levels yesterday, closing the MICEX, as well as the prices of depositary receipts. Then we wait for correction after the weakened ruble.

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Analyst Ratings


Bulls, taking advantage of positive external background, try again to break the level of 1000 points on the MICEX index
Stock indicators, both Russian and Western, are located in the vicinity of their maxima
Opening of the Russian market will be taking place against the backdrop of positive news from the United States
Following Monday MICEX index was 985.81 point, which is 2.03% above the closing Friday
Today's trading on Asian markets are not distinct dynamics, the other is growing stronger Japanese Nikkei index to 1.8%
Oil brand Brent on the New York Mercantile Exchange desheveet now at 0.6%
In the early days to fix the profit speculators pushing red at the opening of futures trades in America
The Russian stock market, prosevshy before closing on Monday, the morning will go up again due to oil and the U.S. Futures
Revenues Pharmstandard in 1 half of 2009 increased by 62% to 10 billion rubles

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