Today, market participants pay attention to the publication of the results for 1 half of 2009 according to IFRS Raspadskaya and Polyus Gold
Sep 25th, 2009 | By admin | Category: News and CommentsA characteristic feature of yesterday's trading was the volatility of output in the red zone late in the session. During the day, weather in the market dictated by external factors and outside the same means. After the release of labor market data at 16:30 Moscow time and the positive response by the U.S. futures, quotes Russia's stock came down. However, unexpectedly bad news from the secondary housing market led to a sharp deterioration of the situation on foreign markets, and behind them - in the domestic segment. Sales in the secondary housing market fell by 2,7%, while the average analyst forecast 2.1% rise. Additional causes for concern are oil prices returning to the end of the session in the negative plane.
RTS did not have time to react to this news, frozen at around 1242 points (-1%). The MICEX index was less lucky - -1%, 1177 points. Noticeably worse than the market looks shares VTB (-4,2%), Sberbank (-3.6%), Norilsk Nickel (-3.6%). Gazprom lost 1.7% of capitalization. In the positive area were closed and the shares of Severstal (1.2%).
indices in the U.S. the fourth straight session, falling, -0,4 - -0,9%. Dollar exchange rate to the beginning of the day stronger by 13 of the 16 traded currencies, including the euro. Euro has fallen in price to U.S. $ 1.4657 on trading platforms to actively circulate the view that the G20 leaders reached an agreement to tighten policies on investment, increasing demand for protective currency. U.S. hinted that support a plan to tighten the requirements for the amount of capital.
Stock Indexes show collapse in Asia on Friday, the leaders of the decline - shares of banks and oil companies. The Nikkei declines by 2,4%, China Shanghai Comp .- by 0,4%. Futures on the U.S. indices in positive territory (0.3%). Oil prices are rising - Brent on 1,25% to 65,63 dollars, WTI - by 1,1% to 66,63 dollars per barrel. We expect the market to open on 0,5 - 1% below yesterday's close, further possible slight increase.
Today Raspadskaya and Polyus Gold will announce results for the 1P 2009 to IFRS. Information will come from sales of durable goods in August, the University of Michigan confidence index, sales of homes in the primary market in August (USA). Will continue to be the G20 summit in Pittsburgh.
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