Yesterday”s burst of optimism on the U.S. market does not put an end to further negative developments
Mar 18th, 2010 | By admin | Category: News and CommentsThe first auction in February in Russia"s stock market started with the rollback of quotations, but the mark of 1400 points on the MICEX index back safely limited reduction, and in the afternoon, the positive statistics from the U.S., has found the response of investors in global stock and commodity areas, and allowed Russia to minimize market loss - to the closing of the index rose to 1,417.0 points (-0.17%).
Some worse than the market again looked metallurgy and oil an1000d gas sector. It published reports of Gazprom and Rosneft has not had a significant impact on the dynamics of the auction: as the last Friday of the gas giant"s shares (1.83%) continued to grow at a faster pace of the market, while Rosneft (-1.16%) was among the leaders reduction. They had increased the rally in the telecom sector, quotes MRK increased by 3 - 10%, the leaders - prefecture Uralsvyazinform (10.79%).
Expectations for today: a positive closure in the U.S. and rising oil prices during the evening hours before providing a positive background before opening the Russia"s market and would "bulls" to try to build on yesterday"s success. However, we continue to believe that the fears began tightening monetary policy in conditions of vulnerability of economic growth may be a long time to become one of the most important drivers for the financial markets, and therefore can be expected to resume a downward correction.
Expectations for the United States market for today: yesterday"s burst of optimism on the U.S. market does not put an end to further negative developments on the market. Investors, virtually ignored the last data on budget deficits, could at any moment to think about this seriously. In addition, while maintaining that level for the dollar, oil prices would be difficult to demonstrate recovery. Also additional pressure on the U.S. market at any time and can have news from Asia.
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