On Wednesday, Russia”s stock market showed a downward momentum trading. Reaching the level of resistance to the end of the first half of the session in the 1455 points on the MICEX, the market moved to stagnate in the second, in anticipation of the beginning of trading in the U.S.. Factor appeared to fall downward trend in prices of futures on the SP 500 and the strengthening of the dollar against the euro. An additional factor to the decrease in paper made of a composite index for the ISM non-production areas in the United States at 50.5 instead of the expected value of 51, however, the index showed growth rate, which should positively impact on the labor market in the near future. As a result, the MICEX index closed down on the value of the item in 1431, showing a decline of 0.39%. Better the market looked consumer paper and chemical sectors, with the paper Uralkaliya showed an increase of 4.34% amid the news about the growth of spot prices for potash in the markets of Brazil and Southeast Asia. Worse market looked Paper telecommunications sector, amid profit-taking in the regional telecoms after strong growth.
At the auctions in the U.S. after opening with a gap down the observed lateral dynamics of quotations. Investors fixed income after growth, to which they pushed the neutral statistics on an index for the ISM non-productive sphere and output moderately negative corporate reports. On this background the paper looked worse than the market of the banking sector, and the results of the auctions the index of wide market SP 500 adjusted to 0.55%.
External background at the opening of Russia”s markets adversely. Japanese Nikkei fell 0.47%, Chinese Shanghai Composite is reduced by 0.4%. London Brent traded at a mark of $ 75.5 for the March contract. Currency pair EUR /USD is trading at 1.388. Futures on the U.S. S P500 is reduced by 0.29%.
Today, after opening the bidding with a gap down to within 0.5%, we expect to stabilize trading in the region of 1420 points on the MICEX index. Today the dynamics of trades will continue to be determined by the dynamics of changes in oil prices and futures SP 500, which well reflects the tendency of investors to take additional risk. In general, we expect the termination of the appreciation of the dollar against the euro, against a background of reducing risks of growth deficits in Greece, which will maintain price quotations on commodity markets. Bidders now pay attention to the accompanying statement of decision on the rates of the Bank of England and the EU in 15:00 and 15:45 Moscow time, respectively. The strongest influence on the market will have a publication number of primary applications for unemployment insurance and changes in the volume of production orders in the United States at 16:30 and 18:00 Moscow time. Currently in stock and commodity markets is profit-taking due to rising uncertainty and the corresponding decline of interest in risky assets in the world. Nevertheless, we expect soon to continue the rally in commodity and stock markets, due to the stabilization of economic growth rates in the United States, whose growth will soon be supported by improvemeee5nts in the labor market. Thus, after opening with a gap down, we expect the stabilization of trades on the MICEX index in the range of 1420-1425 points in anticipation of the opening of trading in the U.S..
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4; user rated material on 3,8.
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Analyst Ratings
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Imported fuel lost
Kommersant “: Credit unions have found allies
In court washer
borrowers through the courts extend credit terms and obtain lower rates on previously issued loans …
Most U.S. indices fell on Wednesday on weak statistics
The reduction and the overall sluggishness of the market due to Russia”s understanding that the price of paper is extremely high
In the market leaders in the early hours of trading securities were OGK-5, “InterRAO and Uralsvzyainforma”
Tomorrow”s payrolls data on stock indices will give a new impetus to the movement, perhaps the top
Highlights of the day will be the ECB meeting and the Bank of England
In the case of deterioration of the dynamics of overseas markets is not ruled out the beginning of a long-awaited deep correction and the market in Russia
After opening with a gap down in Russia market is expected stabilization of trades in the range of 1420-1425 points on the MICEX
On Wednesday, Russia”s stock market showed a downward momentum trading. Reaching the level of resistance to the end of the first half of the session in the 1455 points on the MICEX, the market moved to stagnate in the second, in anticipation of the beginning of trading in the U.S.. Factor appeared to fall downward trend in prices of futures on the SP 500 and the strengthening of the dollar against the euro. An additional factor to the decrease in paper made of a composite index for the ISM non-production areas in the United States at 50.5 instead of the expected value of 51, however, the index showed growth rate, which should positively impact on the labor market in the near future. As a result, the MICEX index closed down on the value of the item in 1431, showing a decline of 0.39%. Better the market looked consumer paper and chemical sectors, with the paper Uralkaliya showed an increase of 4.34% amid the news about the growth of spot prices for potash in the markets of Brazil and Southeast Asia. Worse market looked Paper telecommunications sector, amid profit-taking in the regional telecoms after strong growth.
At the auctions in the U.S. after opening with a gap down the observed lateral dynamics of quotations. Investors fixed income after growth, to which they pushed the neutral statistics on an index for the ISM non-productive sphere and output moderately negative corporate reports. On this background the paper looked worse than the market of the banking sector, and the results of the auctions the index of wide market SP 500 adjusted to 0.55%.
External background at the opening of Russia”s markets adversely. Japanese Nikkei fell 0.47%, Chinese Shanghai Composite is reduced by 0.4%. London Brent traded at a mark of $ 75.5 for the March contract. Currency pair EUR /USD is trading at 1.388. Futures on the U.S. S P500 is reduced by 0.29%.
Today, after opening the bidding with a gap down to within 0.5%, we expect to stabilize trading in the region of 1420 points on the MICEX index. Today the dynamics of trades will continue to be determined by the dynamics of changes in oil prices and futures SP 500, which well reflects the tendency of investors to take additional risk. In general, we expect the termination of the appreciation of the dollar against the euro, against a background of reducing risks of growth deficits in Greece, which will maintain price quotations on commodity markets. Bidders now pay attention to the accompanying statement of decision on the rates of the Bank of England and the EU in 15:00 and 15:45 Moscow time, respectively. The strongest influence on the market will have a publication number of primary applications for unemployment insurance and changes in the volume of production orders in the United States at 16:30 and 18:00 Moscow time. Currently in stock and commodity markets is profit-taking due to rising uncertainty and the corresponding decline of interest in risky assets in the world. Nevertheless, we expect soon to continue the rally in commodity and stock markets, due to the stabilization of economic growth rates in the United States, whose growth will soon be supported by improvemeee5nts in the labor market. Thus, after opening with a gap down, we expect the stabilization of trades on the MICEX index in the range of 1420-1425 points in anticipation of the opening of trading in the U.S..
4; user rated material on 3,8.
Analyst Ratings
Imported fuel lost
Kommersant “: Credit unions have found allies
In court washer
borrowers through the courts extend credit terms and obtain lower rates on previously issued loans …
Most U.S. indices fell on Wednesday on weak statistics
The reduction and the overall sluggishness of the market due to Russia”s understanding that the price of paper is extremely high
In the market leaders in the early hours of trading securities were OGK-5, “InterRAO and Uralsvzyainforma”
Tomorrow”s payrolls data on stock indices will give a new impetus to the movement, perhaps the top
Highlights of the day will be the ECB meeting and the Bank of England
In the case of deterioration of the dynamics of overseas markets is not ruled out the beginning of a long-awaited deep correction and the market in Russia