Today the market of Russia will most likely lateral movement in anticipation of release makrostatistiki U.S. GDP for the IV quarter
Mar 2nd, 2010 | By admin | Category: News and CommentsHaving started briskly, Russia"s market finished the day with a modest result against the background of a weak opening of U.S. sites. Positive opening was due to the rising dynamics of the world"s playgrounds, after the Federal Reserve, as expected, left a key rate at a minimal level and did not give hints on its rise in the near future. Russia at the opening of the market jumped to 1.5% and continued its upward movement. Released in the U.S. makrostatistika spoil the mood as in domestic and foreign investors, and in the last hours of trading observed large-scale sell-offs, but the market finished the session in positive territory: MICEX (1.1%), RTS (1%).
incipient weak rebound in commodity markets gave rise to purchases of oil and gas companies. Losers previous sessions, Rosneft and Surgutneftegaz "recovered" at 1,5% and 2,4% respectively.
rapid growth demonstrated metallurgists. Paper Severstal jumped 6.2%, NLMK - on 4,9%. MMC Nornickel increased by 2,1%. Reducing showed only producers of precious metals: PolyusZoloto fell by 1,4%, Polymetal - by 0,8%.
The banking sector demonstrated positive dynamics on the background of statements by Heads of VTB that the failure in 2010 will not exceed 10%, and the growth of credit portfolio amounted to 17% on corporate loans and 23% - at retail. Paper VTB went up by 3,2%, Sberbank - by 0,6%.
Forecast
External background - moderately negative. At the world"s stock markets are observed pessimism. U.S. indexes up to the day showed a decrease of 1,1-1,9%, in Asia the decline was 1,1-2,1%. Oil pr1000ices are at $ 72 a barrel on the sort of Brent, SP futures traded in the red zone. Against this backdrop, we believe that Russia"s market will open lower in 1,5%. Support on the MICEX index is the level of 1385. In the future most likely lateral movement in anticipation of release makrostatistiki U.S. GDP for the IV quarter (16.30MSK). Also today, will be published by Chicago"s business activity index (17.45MSK) and data on consumer confidence from the University of Michigan (17.55MSK).
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