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The Russian market has responded to the declining figures on sales of homes, but more serious causes for the fall yet

Aug 18th, 2009 | By admin | Category: News and Comments

After passage, what happened on the eve of Russia's bid, the mood in the market is optimistic. First of all, this attitude is due to external factors - the positive dynamics in the Asian markets, as well as rising prices for oil and metals. In the future, the demand in the market was supported by a favorable statistics from Europe - the index of economic expectations ZEW in August rose more than expected. Also positive were data from the UK - the consumer price index in July did not change, while expected to decline. Against this backdrop, buying seen across a broad front of the securities. Among the leaders of the market growth include the shares of VTB, whose value increased by more than 5% of information on the possible outcome of an additional premium on placement. The positive dynamics of the securities of oil and gas companies have contributed to high oil prices (above U.S. $ 72 /barrel). Here the best results showed Gazpromneft, Rosneft, Transneft.

As we approach the moment of exit statements from the U.S. producer prices and sales homes nervousness in the Russian market to grow. Quotes of individual securities gradually moved from the green zone in the red. As a result, these projections have been worse: the index of producer prices in July fell more strongly than expected, the number of homes started construction in July, also declined, while the expected increase. The Russian market reacted decline. Nevertheless, we can assume that the negative trend will not be long. Major cause for sale does not occur - oil continues to rise, futures on U.S. indexes also traded in a positive manner.

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Analyst Ratings


After the release of statistics on the United States the Russian market has lost all of its position, the MICEX index went into negative symbolic
The closest resistance to the schedule of ordinary shares in Sberbank - mark 46.5 rubles
Foreign trade turnover of Russia in the 1 half of 2009 decreased by 44.1% to $ 208.3 billion
Prices pair EUR /USD move to the level of support 1.4100
Following the global stock markets continued to commodity platforms downward trend
Yushchenko: objective basis for depreciation of hryvnia no
The course is kept buying the dollar unchanged - the evening review of cash markets
Sweeter nowhere
GDP of Ukraine in 2009 may decrease by more than 10%

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