optimistic outlook for the market outweighed the negative external background
This session proved to be quite volatile. At the beginning of the trading day Russia took over the market bears, backed by a collapse in prices for black gold and futures for U.S. indices. However, high levels, which indicate an overall optimistic mood of market participants are not contributing to the development of a full correction despite the rise of shares of domestic issuers last week. Thus, after a negative start MICEX began to move upward due to purchases by investors cheapened securities. External background also leveled. Futures on the SP 500 index has stabilized, and he lay in a lateral trend in the region 1030 - 1035 points. Crude oil futures slowly win back the losses: the futures on crude oil Brent, in moments falls below $ 67 a barrel, climbed to a level of $ 67.5 per barrel. Currency pair EUR /USD traded in side views.
On the eve of publication of statistic data on the eurozone industrial production in Russia market is sales, but they were mainly associated not with the expectation of statistics, and with the correction of futures for U.S. indices and oil after the morning rebound upwards. Statistic data on industrial production were slightly worse than expected - the reduction rate was 0,3% despite the projected decline by 0,2%. However, the statistics had been ignored by the market. Positive impact on the dynamics of stock market forecasts for the economy of the eurozone, according to which in the III quarter GDP growth will resume.
important event of the day was the change in CBR refinancing rate. Since September 15 the rate will decrease by 0,25% to 10,5%. It is worth noting that today the domestic currency has weakened, the reason why - decline in oil prices.
Closer to the opening of trading on the American market venues Russia took possession of bullish sentiment that has contributed not only to reduce wagered on certain securities, oil industry, which was held earlier in the session, but their output in the plus despite downward trends in oil prices . Spread also contributed to technical factors - namely, closing up the morning gap. So the sense of the domestic market may again change.
On the background of reducing the cost of black gold Gazprom shares tested the 170 USD mark. from which were otkupleny. Further growth has been suspended 21-day moving average. In the case of improving sentiment recommend open position on this level, otherwise it will become insuperable resistance. In any case, it is worth waiting for the external signals. In terms of opening long position paper Gazprom is one of the most attractive, while Rosneft significantly overbought and they need correction.
Shares of the banking sector after turning in the day flocked to the levels of resistance - 60 rubles. and 4.75 cop. on securities of Sberbank and VTB, respectively. Near these markers should close long positions.
| log in and see the material;;
Your score will be the first!
|
Analyst Ratings
|
EuroChem realizes 12 investment projects worth over 150 billion rubles
Dollar depreciated - the evening review of cash markets
China is ready to file a complaint with the WTO in connection with the introduction of the U.S. protective duties on tires
Ministry of Economy of Ukraine difficult to predict the dynamics of GDP in 2009
In the second echelon grew Paper Pharmacies 36.6 by 15% after the company signed a settlement agreement with Protec
The surprising resilience of the market: at current oil prices below $ 68 a barrel Brent all Russia's chips do not lose even a 3%
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 132.71 billion rubles
Today the worst dynamics showed stocks of oil and gas sector due to falling oil prices
Medvedev: You need to work together to prevent a repetition of the global crisis
Against the background of reducing the cost of black gold Gazprom shares have tested mark 170 rubles, of which were otkupleny
optimistic outlook for the market outweighed the negative external background
This session proved to be quite volatile. At the beginning of the trading day Russia took over the market bears, backed by a collapse in prices for black gold and futures for U.S. indices. However, high levels, which indicate an overall optimistic mood of market participants are not contributing to the development of a full correction despite the rise of shares of domestic issuers last week. Thus, after a negative start MICEX began to move upward due to purchases by investors cheapened securities. External background also leveled. Futures on the SP 500 index has stabilized, and he lay in a lateral trend in the region 1030 - 1035 points. Crude oil futures slowly win back the losses: the futures on crude oil Brent, in moments falls below $ 67 a barrel, climbed to a level of $ 67.5 per barrel. Currency pair EUR /USD traded in side views.
On the eve of publication of statistic data on the eurozone industrial production in Russia market is sales, but they were mainly associated not with the expectation of statistics, and with the correction of futures for U.S. indices and oil after the morning rebound upwards. Statistic data on industrial production were slightly worse than expected - the reduction rate was 0,3% despite the projected decline by 0,2%. However, the statistics had been ignored by the market. Positive impact on the dynamics of stock market forecasts for the economy of the eurozone, according to which in the III quarter GDP growth will resume.
important event of the day was the change in CBR refinancing rate. Since September 15 the rate will decrease by 0,25% to 10,5%. It is worth noting that today the domestic currency has weakened, the reason why - decline in oil prices.
Closer to the opening of trading on the American market venues Russia took possession of bullish sentiment that has contributed not only to reduce wagered on certain securities, oil industry, which was held earlier in the session, but their output in the plus despite downward trends in oil prices . Spread also contributed to technical factors - namely, closing up the morning gap. So the sense of the domestic market may again change.
On the background of reducing the cost of black gold Gazprom shares tested the 170 USD mark. from which were otkupleny. Further growth has been suspended 21-day moving average. In the case of improving sentiment recommend open position on this level, otherwise it will become insuperable resistance. In any case, it is worth waiting for the external signals. In terms of opening long position paper Gazprom is one of the most attractive, while Rosneft significantly overbought and they need correction.
Shares of the banking sector after turning in the day flocked to the levels of resistance - 60 rubles. and 4.75 cop. on securities of Sberbank and VTB, respectively. Near these markers should close long positions.
Your score will be the first!
Analyst Ratings
EuroChem realizes 12 investment projects worth over 150 billion rubles
Dollar depreciated - the evening review of cash markets
China is ready to file a complaint with the WTO in connection with the introduction of the U.S. protective duties on tires
Ministry of Economy of Ukraine difficult to predict the dynamics of GDP in 2009
In the second echelon grew Paper Pharmacies 36.6 by 15% after the company signed a settlement agreement with Protec
The surprising resilience of the market: at current oil prices below $ 68 a barrel Brent all Russia's chips do not lose even a 3%
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 132.71 billion rubles
Today the worst dynamics showed stocks of oil and gas sector due to falling oil prices
Medvedev: You need to work together to prevent a repetition of the global crisis