Late last week, ended at the leading stock sites fixation profit, the reason for which was a decline in consumer confidence in the United States. With the opening of today's auction in Asia, pressure on the indices continued to rise. Against the backdrop of disappointing statistics on the GDP of Japan, the MSCI Asia Pacific Index lost 2.5%, and the quotations of oil traded at two-week minimum. Corrective wave that bedevil risky assets are likely to trigger a strengthening of sales on the domestic market and push MICEX index to turn in the 1050 p.
The idea of reviving the European and, consequently, the world economy, has been unable to cope with covering the market fear of heights. Information about the decline in consumer confidence in the United States as a launching hook to start locking in profits risky assets. U.S. indexes lost about 1%: Dow fell by 0,82%, SP - on 0,85%. From a fixed profit severely affected commodity markets - oil quotations are $ 68 per barrel.
market quite easily by the statistics on inflation in the United States, which fully met the expectations: the price in the States in July, unchanged from June, but in relation to the past year fell by 2.1%. The recent spurt of inflation, according to the Fed, the markets should not worry: despite the rise in energy prices, the economy has a substantial reserve to keep production costs low. Moreover, against a background of deflationary process in the economy, the Fed gets more opportunities to pump market liquidity, which inturn should put pressure on the dollar and, on idea, should contribute to the growth of commodity markets and, thus, associated with raw materials companies.
Industrial production in the United States, as statistics showed, rose for the first time since July 2008, the truth a little less than the forecasts - at 0.5% instead of 0.6%.
Finally, a reason for fixing the profit index of the University of Michigan consumer confidence fell in August to 63.2 p, v. 66 p. in July and growth forecasts up to 69 p.
As you can see, sore States economy today is the consumption, while industry and finance is gradually stand on their feet. In this context, the concerns of investors is quite logical: the growth in production can not be considered complete in the absence of demand.
sales in the stock market has increased in today's Asian session. The reason for the sales data on Friday a decline in consumer confidence in the States, but also be worse than expected GDP data for Japan. Japanese economy grew in the second quarter at 3.7%, after falling 11.7% in the first quarter and projections for growth of 3.9%. Index MSCI Asia Pacific fell 2.4%, which was the largest fall in the last month. First of all affected shares of exporters. Against the background of a fixed asset gains in commodity stocks seriously affected mining companies. Investors agree that the market already has taken into account in the prices of world economic recovery, and now it is extremely difficult to find new incentives for growth.
We believe that the market reaction to Friday statistics on consumer confidence in the States, and today's GDP data for Japan, excessive, and is mainly due to technical factors. In particular, the market disregarded the fact that the country's GDP grew for the first time in five quarters. Given that in the coming months on the market will continue to experience excess liquidity, and the economy will bring a clear signal recovery, we believe that the growth of stock indices in the short term resumes. The reason for this could be a real estate market data with the United States: Statistics on new building will be on Tuesday, while sales in the secondary market - on Friday.
On the background of sales in Asia and the States, as well as falling commodity quotations assets, domestic indices for opening drop to the key resistance levels - section 1050 on the MICEX. Among the outsiders are likely to be stocks of oil and steel companies.
However, if the prospects for recovery of the market, it has emerged in the course correction may open attractive levels to enter the neftyanku. Fundam industry significantly stronger due to held in high oil prices. Vedomosti writes that Surgutneftegaz has increased cash to $ 20 billion, which is a quarter more than the world's largest neftekompanii - Exxon. Gazprom exports began to recover, but the oil sector as a whole - the cost-effectiveness.
against emerging growth securities RusGidro could be news of the accident at the company's largest station - Sayano-Shushenskaya power plant. Threats to break the dam of HPP and destruction there, but the power key industrial consumers is limited.
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Analyst Ratings
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Level of support for the September futures on the RTS index today will be 98 700 items
Relatively stable market shares of the steel industry today, worse than the market - shares of oil and gas companies
The Russian stock market to an external negative will react with renewed strength through the massive fall in oil prices
The decline in oil prices hit the Russian ruble, which is bad for the shares of banks, but positive for the securities Surgut
Today is the opening of the Russian market is expected to break down within 1% due to the deterioration of the external background
Course dollar settlement Today declined by 42.55 kopecks. (1.3273%) to 31.6313 rubles to the dollar
Today's opening of tenders in the Russian stock market will be seen from 2-3% gepom downstream liquid securities
Asian markets today are under pressure the U.S. negative
Course dollar saved without changes - the morning review of cash markets
Against the emerging growth in the paper RusGidro can play the news about the accident at the company's largest station - Sayano-Shushenskaya power plant
Late last week, ended at the leading stock sites fixation profit, the reason for which was a decline in consumer confidence in the United States. With the opening of today's auction in Asia, pressure on the indices continued to rise. Against the backdrop of disappointing statistics on the GDP of Japan, the MSCI Asia Pacific Index lost 2.5%, and the quotations of oil traded at two-week minimum. Corrective wave that bedevil risky assets are likely to trigger a strengthening of sales on the domestic market and push MICEX index to turn in the 1050 p.
The idea of reviving the European and, consequently, the world economy, has been unable to cope with covering the market fear of heights. Information about the decline in consumer confidence in the United States as a launching hook to start locking in profits risky assets. U.S. indexes lost about 1%: Dow fell by 0,82%, SP - on 0,85%. From a fixed profit severely affected commodity markets - oil quotations are $ 68 per barrel.
market quite easily by the statistics on inflation in the United States, which fully met the expectations: the price in the States in July, unchanged from June, but in relation to the past year fell by 2.1%. The recent spurt of inflation, according to the Fed, the markets should not worry: despite the rise in energy prices, the economy has a substantial reserve to keep production costs low. Moreover, against a background of deflationary process in the economy, the Fed gets more opportunities to pump market liquidity, which inturn should put pressure on the dollar and, on idea, should contribute to the growth of commodity markets and, thus, associated with raw materials companies.
Industrial production in the United States, as statistics showed, rose for the first time since July 2008, the truth a little less than the forecasts - at 0.5% instead of 0.6%.
Finally, a reason for fixing the profit index of the University of Michigan consumer confidence fell in August to 63.2 p, v. 66 p. in July and growth forecasts up to 69 p.
As you can see, sore States economy today is the consumption, while industry and finance is gradually stand on their feet. In this context, the concerns of investors is quite logical: the growth in production can not be considered complete in the absence of demand.
sales in the stock market has increased in today's Asian session. The reason for the sales data on Friday a decline in consumer confidence in the States, but also be worse than expected GDP data for Japan. Japanese economy grew in the second quarter at 3.7%, after falling 11.7% in the first quarter and projections for growth of 3.9%. Index MSCI Asia Pacific fell 2.4%, which was the largest fall in the last month. First of all affected shares of exporters. Against the background of a fixed asset gains in commodity stocks seriously affected mining companies. Investors agree that the market already has taken into account in the prices of world economic recovery, and now it is extremely difficult to find new incentives for growth.
We believe that the market reaction to Friday statistics on consumer confidence in the States, and today's GDP data for Japan, excessive, and is mainly due to technical factors. In particular, the market disregarded the fact that the country's GDP grew for the first time in five quarters. Given that in the coming months on the market will continue to experience excess liquidity, and the economy will bring a clear signal recovery, we believe that the growth of stock indices in the short term resumes. The reason for this could be a real estate market data with the United States: Statistics on new building will be on Tuesday, while sales in the secondary market - on Friday.
On the background of sales in Asia and the States, as well as falling commodity quotations assets, domestic indices for opening drop to the key resistance levels - section 1050 on the MICEX. Among the outsiders are likely to be stocks of oil and steel companies.
However, if the prospects for recovery of the market, it has emerged in the course correction may open attractive levels to enter the neftyanku. Fundam industry significantly stronger due to held in high oil prices. Vedomosti writes that Surgutneftegaz has increased cash to $ 20 billion, which is a quarter more than the world's largest neftekompanii - Exxon. Gazprom exports began to recover, but the oil sector as a whole - the cost-effectiveness.
against emerging growth securities RusGidro could be news of the accident at the company's largest station - Sayano-Shushenskaya power plant. Threats to break the dam of HPP and destruction there, but the power key industrial consumers is limited.
Your grade will be the first!
Analyst Ratings
Level of support for the September futures on the RTS index today will be 98 700 items
Relatively stable market shares of the steel industry today, worse than the market - shares of oil and gas companies
The Russian stock market to an external negative will react with renewed strength through the massive fall in oil prices
The decline in oil prices hit the Russian ruble, which is bad for the shares of banks, but positive for the securities Surgut
Today is the opening of the Russian market is expected to break down within 1% due to the deterioration of the external background
Course dollar settlement Today declined by 42.55 kopecks. (1.3273%) to 31.6313 rubles to the dollar
Today's opening of tenders in the Russian stock market will be seen from 2-3% gepom downstream liquid securities
Asian markets today are under pressure the U.S. negative
Course dollar saved without changes - the morning review of cash markets