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Today, reports Goldman Sachs, from which await only the positive numbers

Feb 13th, 2010 | By admin | Category: News and Comments

American sites completed yesterday, decreasing by 1%: Accounts Bank of America was a bit better, Morgan Stanley - much worse than expected. Corporate reporting in general live up to expectations, but does not give grounds for further growth - which began the year will be difficult for businesses.

sharp movements were observed yesterday in the foreign exchange market: the euro against the dollar fell below $ 1.41. The budgetary problems the Greek press on the course of a single European currency. The plan, submitted by the Government of the country, union members are not satisfied, CDS on the Greek state bonds jumped to a historic high: the cost of insurance of the Greek government securities with maturity of 5 years increased to 345.5 basis points. Also increased the cost of insurance market of Spain and Portugal. Against this background, an increased demand for U.S. Treasury bonds: yield 10-year securities fell to 3.65%.

While the dollar has appreciated si1000gnificantly since the beginning of the week quotations of petroleum per day which kept the level of $ 78 per barrel (mark WTI). The slight decline was offset yesterday after the publication of data on oil reserves from the API, which showed a smaller in comparison with forecasts reduction in stocks. Today"s figures from the Ministry of Energy, if you come out in the same favorable to the oil line can help the quotations of "black gold" to ignore the strengthening of the dollar further.

At the auctions in Asia the main theme was the publication of statistics on the block economy of China. GDP in the last quarter grew by 10.7%, above forecasts, data on industrial production and inflation were slightly worse than expected. Before the opening of trading in Russia, the Japanese Nikkei rising by 1,2%, Chinese Shanghai Comp. - By 0,3%, the Australian All Ordinaries reduced by 1%.

Stable oil and settled, despite the negative data from the United States and in China, the Asian stock exchanges are the support for Russia"s market opening. Futures on U.S. indexes are in the positive zone. Today, reports Goldman Sachs (16.00 Moscow time.), Which await only the positive numbers, and American Express (after the close of trading in America). In addition, at 16.30 Moscow time. come out weekly applications for unemployment benefits in the U.S. that will determine the dynamics of Russia"s market before closing.

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Analyst Ratings


For Russia"s stock market develops mixed external background, expected hetero-directed opening of domestic sites
At the evening session FORTS adjusted upward
Better the market today can feel the paper oil and gas sector
An important factor for the achievement of Russia"s market highs this year will be macroeconomic statistics and reports Goldman Sachs
If today"s reports of American companies and statistic data show signals of recovery of the U.S. economy, the negative can be neutralized by
Review of the FOREX market for 20.01.10
Gazprom intends to change its marketing policy because of the loss of leadership in the European market
Dollar depreciated - a review of cash markets
Cabinet may require the recalculation of "winter" utility tariffs

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