The economic expectations in Germany unexpectedly declined in October, the index of economic expectations, predicting the economic situation in the next six months, in October fell to 56 points from 57.7 in September. Expected 58.3. A similar index for the euro area amounted to 56.9 points against 59.6 the previous month. Analysts expected value of 61.3.
European markets slightly reduced. Pan-European FTSE Eurotop 100 index in the red at 0.19%, Britain's FTSE 100 0.05%, the German Xetra Dax at 0.38%, French Lyxor Cac 40 at 0.23%. It reduces bank's shares. According to reports, the bank Lloyds to $ 3.2 billion for refusal to participate in the state program to protect assets. Equity Bank decreased by 2.7%, Barclays -3%, Royal Bank of Scotland -1.6%. Negative dynamics also in the shares of insurance companies. Legal General -2.3%, Prudential -2.1%, Allianz -1.7%.
The currency and commodity markets has continued the trend of recent times. Dollar declines again, already breaking the 1,485 mark. Accordingly, against this background that increases oil futures added 1.5%, the spot Brent $ 72.31, WTI $ 73.27.
support our growing oil market, which in the first half of the day declined by 2% against the negative dynamics of futures SP 500. Futures decline leveled, returned to levels close Monday and our market. At 15:40 Moscow time the MICEX index decreased by 0.36%, RTS index at 0.19%. Trading volume on the MICEX stock market accounted for 64 billion rubles. At record high levels.
In the leaders of growth again today shares of energy companies. Investors overestimate all sectors, including energy sector. In addition, positively evaluated the expected growth rates. OGK-2 9.6%, OGK-5 9.7%, not bad looking RusHydro shares 6.7%. Continued growth in the metallurgical sector. TMK 4.4%, Polyus Gold 1.7%, Severstal 1.7%.
Partially adjusted oil and gas sector, in minus -1.6% Lukoil, Surgutneftegaz -1.6% -1.8% Rosneft. Are reduced, as bank shares. Sberbank -0.9%, -1.7% VTB.
Today at 22:00 there are data on the U.S. budget. From corporate reports is to provide quarterly results Johnson Johnson and Intel.
by many analysts as a medium-term targets called level 1400 points on the MICEX. Until that point has not been passed, however, it is clear that for many stocks we have reached levels that are already look very attractive to commit, even for medium-term investors. However, given both the recent repurchase any downward movement in a serious correction hard to believe. I still recommend the medium-term investors to close positions on the Securities and go to the cache. I think that after some time it will be possible to enter the market at lower levels.
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Analyst Ratings
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World's central banks abandon the dollar in favor of the euro and yen
U.S. ceased to be a financial leader
Sergei Lavrov: The positions of Russia and the United States over Iran's nuclear program coincide
Of the blue chips the most interesting for Gazprom gas monopoly, campaign played the entire 28% drop from highs in 2008
Index of the Frankfurt Stock Exchange Xetra DAX fell 11.98 points, the index of the London Stock Exchange FTSE 100 rose 3.64 points
At 16.00 Moscow time the price index value RGBI was 123.69, compared with the closing of Monday, it rose by 0.219%
In the 3 rd quarter of 2009, Novatek to increase gas production by 3% to 7.87 billion cubic meters
In the State Duma believes that the cause of the accident at the Sayan-Shushenskaya power plant was low professionalism of staff station
Gazprom: Translation automotive and agricultural equipment for gas is the task of the national scale
Continued growth in the steel sector: TMK (4,4%), Polyus Gold (1.7%), Severstal (1.7%)
The economic expectations in Germany unexpectedly declined in October, the index of economic expectations, predicting the economic situation in the next six months, in October fell to 56 points from 57.7 in September. Expected 58.3. A similar index for the euro area amounted to 56.9 points against 59.6 the previous month. Analysts expected value of 61.3.
European markets slightly reduced. Pan-European FTSE Eurotop 100 index in the red at 0.19%, Britain's FTSE 100 0.05%, the German Xetra Dax at 0.38%, French Lyxor Cac 40 at 0.23%. It reduces bank's shares. According to reports, the bank Lloyds to $ 3.2 billion for refusal to participate in the state program to protect assets. Equity Bank decreased by 2.7%, Barclays -3%, Royal Bank of Scotland -1.6%. Negative dynamics also in the shares of insurance companies. Legal General -2.3%, Prudential -2.1%, Allianz -1.7%.
The currency and commodity markets has continued the trend of recent times. Dollar declines again, already breaking the 1,485 mark. Accordingly, against this background that increases oil futures added 1.5%, the spot Brent $ 72.31, WTI $ 73.27.
support our growing oil market, which in the first half of the day declined by 2% against the negative dynamics of futures SP 500. Futures decline leveled, returned to levels close Monday and our market. At 15:40 Moscow time the MICEX index decreased by 0.36%, RTS index at 0.19%. Trading volume on the MICEX stock market accounted for 64 billion rubles. At record high levels.
In the leaders of growth again today shares of energy companies. Investors overestimate all sectors, including energy sector. In addition, positively evaluated the expected growth rates. OGK-2 9.6%, OGK-5 9.7%, not bad looking RusHydro shares 6.7%. Continued growth in the metallurgical sector. TMK 4.4%, Polyus Gold 1.7%, Severstal 1.7%.
Partially adjusted oil and gas sector, in minus -1.6% Lukoil, Surgutneftegaz -1.6% -1.8% Rosneft. Are reduced, as bank shares. Sberbank -0.9%, -1.7% VTB.
Today at 22:00 there are data on the U.S. budget. From corporate reports is to provide quarterly results Johnson Johnson and Intel.
by many analysts as a medium-term targets called level 1400 points on the MICEX. Until that point has not been passed, however, it is clear that for many stocks we have reached levels that are already look very attractive to commit, even for medium-term investors. However, given both the recent repurchase any downward movement in a serious correction hard to believe. I still recommend the medium-term investors to close positions on the Securities and go to the cache. I think that after some time it will be possible to enter the market at lower levels.
1; user rated material at 4.
Analyst Ratings
World's central banks abandon the dollar in favor of the euro and yen
U.S. ceased to be a financial leader
Sergei Lavrov: The positions of Russia and the United States over Iran's nuclear program coincide
Of the blue chips the most interesting for Gazprom gas monopoly, campaign played the entire 28% drop from highs in 2008
Index of the Frankfurt Stock Exchange Xetra DAX fell 11.98 points, the index of the London Stock Exchange FTSE 100 rose 3.64 points
At 16.00 Moscow time the price index value RGBI was 123.69, compared with the closing of Monday, it rose by 0.219%
In the 3 rd quarter of 2009, Novatek to increase gas production by 3% to 7.87 billion cubic meters
In the State Duma believes that the cause of the accident at the Sayan-Shushenskaya power plant was low professionalism of staff station
Gazprom: Translation automotive and agricultural equipment for gas is the task of the national scale