Analysts” forecasts: A favorable external background contributes to the positive opening of the Russian sites in the first trading day in 2010

 
  
 
 
  11.01.10 10:12 ;
 

last trading day of the past year, Russia”s stock market finished on a positive note: the MICEX index rose 0.59% to close at 1370.01 points mark, the RTS index rose to 1.24% and reached the mark of 1444.61 points. During the evening session on FORTS the March futures on the RTS index rose to a mark of 147 015 points, adding 2,02%.

During Russian vacations Indicies and oil prices have shown positive dynamics: U.S. and European indices for January 11 added 1,5-3%, oil prices - 4,4-5,0%.

Prices

Russian ADRs for the holiday period rose by more than 5%. At the close of trading on Friday, the ADR price on Russia”s actions were: VTB (Eng) - 5,07, Gazprom (Eng) - 26,5, “LUKOIL” (Eng) - 58,2, Norilsk Nickel (Eng) - 15,6, Rosneft (Eng) - 8,93, Surgutneftegaz (Eng) - 9,73, MTS (USA) - 50,67, Rostelecom (USA) - 27.35, Vimpelcom (USA) - 20,42, Mechel Steel (USA) - 21,85.

In

American venues on Friday was recorded moderate growth: as a result of trades Dow-Jones index rose by 0,11%, SP - on 0,29%, Nasdaq - on 0,74%.

Today, Asian markets are growing against the background of positive dynamics of the indices in the U.S. and rising commodity prices: China”s Shanghai Composite index added to the present time, 0,57%. Tokyo Stock Exchange was closed today due to public holiday - in the country are celebrating the Day of age.

oil went against the background of weather events in the U.S. and Europe, as well as the growth of oil imports from China: the March futures for Brent crude stood at $ 82.6 per barrel, Light - $ 84 per barrel.

Currency

pair euro /dollar in the morning on the Forex stands at 1.45. “In the first half of the day on Monday, amid news emerged on Friday, is expected to further strengthen the competitive U.S. dollar. As shown by the data recovery of the labor market in the United States is not as rapidly as predicted. It certainly is true of Europe, which also is not all smooth. Unemployment in the euro zone rose to 10%, which was the highest value over the past few years. Thus, the currency pairs will likely continue to move in a fairly narrow range until the moment when the market does not there are clear signals to the risk, or conversely, to reduce it. On Monday, the single currency will seek to gain a foothold above 1.45 marks “, - analysts believe Forex Club.

Thus, the favorable external background first trading session of the new year, as experts note, will begin with a confident gap up. Positive dynamics is likely to continue throughout the day. According to Alexander Razuvaev, head of analytical department of IR “Gallio Capital, the RTS index at today”s auction may be close to the mark of 1500 points

However, risk adjustment and closing of the morning positive gepov on domestic indexes still there. “The main driver for the morning” gap “will increase in energy prices that will bring leaders in the oil and gas sector. But from the middle of the trading session, perhaps the market накроет wave of profit taking on long positions, which lead to the correctional movement. As a result, by the end of the day the market may return to the levels of discovery and, possibly, close the morning “pep.” Thus, bidding will take place against a background of high volatility, “- commented Bogdan Zvarich, an analyst OOO NETTREYDER”.

important statistics, the U.S. and the Eurozone today no.

  

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The dynamics of tomorrow”s trading on the market of Russia will depend on the data report Intel
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