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Today is expected to yield data on oil reserves in the U.S. that will determine the dynamics of oil and Russia's market

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

Russia

Russia market on Tuesday has fallen under the influence of the deteriorating external background. At the opening of the indices have grown considerably, playing fields and the growth of American high oil prices. Soon, investors chose to take profits on the background of the emerging correction in commodity platforms. After the close of the morning gap indexes included in the Comma delimited with, and negative makrostatistika the U.S. has caused a new wave of sales. At the end of the day Russia's leading indicators closed different direction: RTS (0,9%), MICEX (-0.3%).

The oil and gas sector under pressure falling quotes black gold. Reason for this is OPEC's statement was that the price of $ 80 a barrel is too high, and return it to the level of $ 100 is not desirable. Paper Lukoil fell 1.5%, Rosneft - by 1,4%, Gazprom Neft has reduced the capitalization of 2,4%. Advantageous looked Paper Gazprom, which went up by 0,3%. Before send us a message about reaching an agreement with Turkey on the construction of the pipeline Southern stream on its territory.

Paper Rostelecom adjusted after the rapid growth in recent years. Ordinary shares of the company lost in the price of 5,9%, showing the worst result among the papers of the MICEX Index.

MTS capitalization increased by 0,4% after reports that the synergies from the merger of Comstar UTS will be about $ 300 million

Non-ferrous metals used in great demand, boosted by an increase in projections for the price of gold in December 2009 to $ 1100 the analysts of Standard Chartered. PolyusZoloto grown by 2,6%, Polymetal - by 1,7%.

Forecast

External background - moderately negative. In the world there are sites corrective movement. Negative makrostatistika reduced U.S. indexes on 0,5-0,6%. In Japan, the Nikkei lost about 0.1%. Quotes oil fell from the previous day, per barrel Brent currently is $ 77. Against this backdrop, we believe that Russia's market correction will continue today at the opening, but with the improvement of the external background and the removal overbought growth can resume. Today is expected to yield data on oil reserves in the U.S., the data will determine the dynamics of oil and Russia's market.

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Analyst Ratings


Waiting for reporting U.S. financial institutions may increase the interest in the shares of Russia's banking sector
Russia stock market at the opening will go down because of the external background, while the MICEX index may fall to 1340 points
Players are better off in the most liquid stocks, but keep your hand on the pulse and to remain vigilant
Today news background re-introduced in the main corporate records of foreign companies
Opening today's trading on the equity market is expected to break down in the 1%
Magnet is planning to deploy an additional issue of GDRs on the London Stock Exchange
SP: The gap in information transparency Russian companies among the leaders and laggards in 2009, increasing
MMK increased steel production in 3 quarter of 2009 by 31% compared with 2 quarter 2008
For the players today will be important data for the Ministry of Energy U.S. oil reserves

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