The struggle between bulls and bears will take place against a background of traditional factors: the price of oil and metals and the dynamics of the foreign exchange market
Sep 22nd, 2009 | By admin | Category: News and CommentsAvalanche lower prices for Russia's stock market yesterday was not. IIM index fell by 3.6% to 1,165 points, RTS - on 2,8%, to 1,210 points. The reason for the correction became unstable dynamics of the global stock markets, the strengthening of the dollar in anticipation of the Fed decision and the summit of G20, lower oil prices. Tomorrow, the U.S. Federal Reserve will decide on the discount rate. As expected, the indicator will remain at record-low range 0,0-0,25%. Players expect a statement on the completion of the program to repurchase the Fed-backed securities mortgage. This can lead to short-term strengthening of the dollar. Obviously, B. Bernanke reiterated their view on the economic recovery and improving the situation. Oil prices fell below $ 70 per barrel. WTI and brent. Additional pressure on prices has had a shortage of ruble liquidity, formed in connection with payments 1 /3 VAT until the end of the week residents pay a severance tax.
U.S. index of leading indicators showed an increase of 0,6% (expected 0.7%). U.S. stock indexes finished Monday change -0,4 - 0,2%, worse than the market feel the action of the commodity sector. The news of the week was the announcement of a major deal in the high-tech sector. Corporation Dell Inc. (-4%) Buys Perot Systems Corp. (65%) for 3.9 billion European markets closed lower on indices of 0,5 - 0,75%, Asian- are moving raznonapravlenno, ± 0,5%. Tokyo Stock Exchange was closed today in connection with the weekend between the Day of Older Persons (21 September) and the autumnal equinox (September 23). U.S. index futures rise (0.3%). Oil prices rise on the weakening U.S. dollar for most world currencies. In addition, China released data for the pure volume of imports, where oil imports rose by 18% to 17.92 million metric tons. By 9:40 Moscow time, WTI traded at U.S. $ 69,9, Brent - 68,8 per barrel.
overlooking this week expected positive statistics: projected sales growth in U.S. real estate sector - both primary and secondary markets. Expected increase in orders for durable goods in the U.S. and the reduction of requests for unemployment benefits. In the Eurozone, analysts expect a rise in the index of business activity. In Pittsburgh summit as dvadtsadki is expected to support the decision to strengthen regulation of financial markets and to abandon the system perepotrebleniya in the United States.
This morning the market opens in the neutral zone. During the day the confrontation bulls and bears will take place against the background of traditional factors: the price of oil and metals, the dynamics of the currency market and stock market indices Western markets. If the players will be guided by the quality of entrants, the market will play a part on the eve of lost items. In the case, if yesterday's profit-taking - some medium-term strategies for the players who initiated the growth of three weeks ago, price declines will continue.
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Admission finished
