results of the previous day:
On Monday, Russia's stock market did not change the established routine: setting new records since the beginning of each subsequent day.
RTS index soared to 4.08% to 1428.06 points, MICEX - to 3.77% to 1357.443 points. Trading volumes increased again by repeating the maximum value from the end of June this year.
Monday did not provide the possibility of doubt that now dominated by extremely optimistic mood among participants in world markets. Despite the unprecedented recent rise in quotations, the last of the previous week, against greed, excess liquidity remains largely unfulfilled, thus affecting the resumption of growth even in the face of accumulated overbought and in the absence of adverse events. Russia's stock market is on this background are the leaders because of their speculative nature, and because of the continued relative cheapness relative to other emerging markets. Establishes its success is the strengthening of Russia's currency, allowing residents to increase funds flowing to the extent not only because of the positive dynamics of the acquired assets, but due to exchange rate fluctuations.
Despite the lack of significant corporate and macroeconomic developments and the expected reduction in activity on Wall Street trading session on Monday was not quiet. If the mood on Asian sites could still be described as mixed, while Europe stock indicators since the opening of confidence began to climb, putting pressure on the U.S. dollar. New wave of carry trade has generated a report from Philips, which, instead of the projected loss is up to the past three months, report the presence of net profit. Against this background, stagnant rates in the international currency market were able to get out of the narrow bands. Euro made another attempt to pass an educated resistance in 1.48, which allowed oil prices to overcome a similar line in the $ 72.5/barr.
Given the fact that before that time, oil prices stayed higher than the closure of Russia's stock market on Friday, with the beginning of trading on Monday bulls feel confident enough to enable them already in the first hour surpass the maximum of the previous day, making it clear that the coming of the correction until there is no reason to talk. In the future, the climb has continued, helped by maintaining a positive vector of external indicators and the continuing wave of forced closure of the remaining market of short positions. Only with the approach to the psychological level of 1350 points on the MICEX index bulls cooled ardor, but by the end of the day unconvincing attempt to bear to change the prevailing balance of power culminated in their next defeat.
The vast majority of the most liquid securities have already reached some sort of price values, which are not allow to speak about some underestimation. So make demands gradually become selective. So on Monday the greatest interest was aroused Transneft shares (7.39%) and Gazprom (6.24%), and in recent trading volumes exceeded the trading volume on the shares of Sberbank. Not prevent such a result the shares of Gazprom deputy chairman of the statements of the company Alexander Ananenkov, who reported that gas production this year may reach 450-490 billion cubic meters. meters, which is below the initial forecast of 500 billion cubic meters. m. The visit of the delegation to China headed by Prime Minister Vladimir Putin also did not give specific reasons for joy, because to reach agreement on natural gas prices was not possible, and with it not to be built for the purpose of gas pipelines. Due to the dynamics of a confident and shares of Surgutneftegaz (obyk. 4.4% vaccinated. 5.42%), oil and gas sector (Micex OG 4.04%) was the leader of the day.
Slightly worse was the dynamics of the shares of the financial market segment (Micex FNL 3.2%): VTB Bank (4.03%), Sberbank (obyk. 3.62%, scion. 5.51%).
In the metallurgical sector (Micex MM 2.39%) investors' attention to itself drew MMC Norilsk Nickel (5.54%), following statements by its leader Vladimir Strzhalkovsky that will soon be reporting on international standards for the first half, which turned out better than expected management. Shares Steelworkers: Severstal (2.48%), CMI (1.39%), NLMK (1.25%), on the contrary have been less interesting, despite the revision of the World Association began its forecast of steel consumption in the world towards improvement, helped to purchase shares of their opponents on the world sites .
look at today's market:
The American stock market (SP 500 0.44%) Columbus Day is celebrated with the same optimistic spirit with which he concluded the previous five trading sessions. Investors were impressed by the favorable quarterly results of Philips, who were forced to rely on the same pleasant surprises in the records of JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Intel, Johnson Johnson, IBM and General Electric, which will be published this week. Beneficial way on the dynamics of the shares affected continued with the weakening U.S. dollar, which helped to maintain interest in the shares of mining and oil and gas companies. However, after reaching the maximum with the beginning of the year - the level of 1080 points on the SP 500 index bulls were no longer so strongly that by the end of the day prompted many to take profits on long positions. Futures on U.S. indexes sank Tuesday morning in the negative zone, but the opening of Russia's markets were able to neutralize the available loss.
At the Asian stock markets (Nikkei 225 0.91%, Shanghai Composite 1.11%, Hang Seng 1.78%) after the mixed dynamic superiority was on the side of buyers. On the eve of the publication of quarterly reports of several major U.S. companies less cautious to purchase regional investors made the weakening Japanese yen and raise recommendations on the shares of banks and steel companies.
At the international currency market, the euro is consolidating just below resistance in the 1.48 to the dollar, which provokes the commodity markets, traders in non-aggressive profit-taking (WTI $ 72.9/barr.).
From the dynamics of pair EUR /USD will depend a great deal for Russia's stock market on Tuesday. In the case of passing the quotations above the level of 1.48 can be expected to jump in the foreseeable future for two more pieces that can inspire the bulls in the oil market to test the strength of the zone in the $ 74-75/barr. on the sort of WTI. Determinative in this regard will be published today, the index of economic sentiment in the euro area from the institute ZEW (13-00). Under these conditions, Russia's stock market can expect the next wave of high-power purchases. Otherwise, it is expected that most market participants still take a break, and will not take action until the report from Cargill and Johnson Johnson (report from Intel will be published after the completion of trades in the U.S.) that will demonstrate: the extent justified by prevailing on this when price levels. In other words, after opening with a small gepom down can be expected in the general vicinity of the lateral dynamics of the closing level on Monday, which may change direction after the release of statistics. In addition to the shares of oil and gas sector, the attitude that will depend on what happens in the currency market, able to attract the attention of the shares of steelmakers and shares Uralkaliya. The latter may look better than the market amid reports that after the accident in 2006 at the mines of companies, as it became known, remained the possibility of development of 50-60% stocks, which were previously considered lost.
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2; user rated material at 3.
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Analyst Ratings
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The growth of Russia's market may be interrupted at the first negative signal
Reassessment of the prospects for investors in electric power industry can raise quotes several generating companies for a further 20-30%
Question offensive market correction in Russia is becoming increasingly relevant, the potential growth of about 10%
Good potential for growth in the coming days remains in securities of Gazprom and OGK
Against the backdrop of favorable trends in the global economy a short-term support to the market will have a primary site
On Russia's market remains a growing trend, demonstrated by the volumes
Today in the U.S. went corporate reports for the III quarter, in particular, Intel Corp. and Johnson Johnson
MTS purchased from Sistema's controlling stake in Comstar
The Court recognized the legal conclusions of the Vologda FAS on concerted action daughters LUKOIL and Entikom-invest in the gasoline market
From the dynamics of pair EUR / USD will depend a great deal for Russia's stock market on Tuesday
results of the previous day:
On Monday, Russia's stock market did not change the established routine: setting new records since the beginning of each subsequent day.
RTS index soared to 4.08% to 1428.06 points, MICEX - to 3.77% to 1357.443 points. Trading volumes increased again by repeating the maximum value from the end of June this year.
Monday did not provide the possibility of doubt that now dominated by extremely optimistic mood among participants in world markets. Despite the unprecedented recent rise in quotations, the last of the previous week, against greed, excess liquidity remains largely unfulfilled, thus affecting the resumption of growth even in the face of accumulated overbought and in the absence of adverse events. Russia's stock market is on this background are the leaders because of their speculative nature, and because of the continued relative cheapness relative to other emerging markets. Establishes its success is the strengthening of Russia's currency, allowing residents to increase funds flowing to the extent not only because of the positive dynamics of the acquired assets, but due to exchange rate fluctuations.
Despite the lack of significant corporate and macroeconomic developments and the expected reduction in activity on Wall Street trading session on Monday was not quiet. If the mood on Asian sites could still be described as mixed, while Europe stock indicators since the opening of confidence began to climb, putting pressure on the U.S. dollar. New wave of carry trade has generated a report from Philips, which, instead of the projected loss is up to the past three months, report the presence of net profit. Against this background, stagnant rates in the international currency market were able to get out of the narrow bands. Euro made another attempt to pass an educated resistance in 1.48, which allowed oil prices to overcome a similar line in the $ 72.5/barr.
Given the fact that before that time, oil prices stayed higher than the closure of Russia's stock market on Friday, with the beginning of trading on Monday bulls feel confident enough to enable them already in the first hour surpass the maximum of the previous day, making it clear that the coming of the correction until there is no reason to talk. In the future, the climb has continued, helped by maintaining a positive vector of external indicators and the continuing wave of forced closure of the remaining market of short positions. Only with the approach to the psychological level of 1350 points on the MICEX index bulls cooled ardor, but by the end of the day unconvincing attempt to bear to change the prevailing balance of power culminated in their next defeat.
The vast majority of the most liquid securities have already reached some sort of price values, which are not allow to speak about some underestimation. So make demands gradually become selective. So on Monday the greatest interest was aroused Transneft shares (7.39%) and Gazprom (6.24%), and in recent trading volumes exceeded the trading volume on the shares of Sberbank. Not prevent such a result the shares of Gazprom deputy chairman of the statements of the company Alexander Ananenkov, who reported that gas production this year may reach 450-490 billion cubic meters. meters, which is below the initial forecast of 500 billion cubic meters. m. The visit of the delegation to China headed by Prime Minister Vladimir Putin also did not give specific reasons for joy, because to reach agreement on natural gas prices was not possible, and with it not to be built for the purpose of gas pipelines. Due to the dynamics of a confident and shares of Surgutneftegaz (obyk. 4.4% vaccinated. 5.42%), oil and gas sector (Micex OG 4.04%) was the leader of the day.
Slightly worse was the dynamics of the shares of the financial market segment (Micex FNL 3.2%): VTB Bank (4.03%), Sberbank (obyk. 3.62%, scion. 5.51%).
In the metallurgical sector (Micex MM 2.39%) investors' attention to itself drew MMC Norilsk Nickel (5.54%), following statements by its leader Vladimir Strzhalkovsky that will soon be reporting on international standards for the first half, which turned out better than expected management. Shares Steelworkers: Severstal (2.48%), CMI (1.39%), NLMK (1.25%), on the contrary have been less interesting, despite the revision of the World Association began its forecast of steel consumption in the world towards improvement, helped to purchase shares of their opponents on the world sites .
look at today's market:
The American stock market (SP 500 0.44%) Columbus Day is celebrated with the same optimistic spirit with which he concluded the previous five trading sessions. Investors were impressed by the favorable quarterly results of Philips, who were forced to rely on the same pleasant surprises in the records of JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Intel, Johnson Johnson, IBM and General Electric, which will be published this week. Beneficial way on the dynamics of the shares affected continued with the weakening U.S. dollar, which helped to maintain interest in the shares of mining and oil and gas companies. However, after reaching the maximum with the beginning of the year - the level of 1080 points on the SP 500 index bulls were no longer so strongly that by the end of the day prompted many to take profits on long positions. Futures on U.S. indexes sank Tuesday morning in the negative zone, but the opening of Russia's markets were able to neutralize the available loss.
At the Asian stock markets (Nikkei 225 0.91%, Shanghai Composite 1.11%, Hang Seng 1.78%) after the mixed dynamic superiority was on the side of buyers. On the eve of the publication of quarterly reports of several major U.S. companies less cautious to purchase regional investors made the weakening Japanese yen and raise recommendations on the shares of banks and steel companies.
At the international currency market, the euro is consolidating just below resistance in the 1.48 to the dollar, which provokes the commodity markets, traders in non-aggressive profit-taking (WTI $ 72.9/barr.).
From the dynamics of pair EUR /USD will depend a great deal for Russia's stock market on Tuesday. In the case of passing the quotations above the level of 1.48 can be expected to jump in the foreseeable future for two more pieces that can inspire the bulls in the oil market to test the strength of the zone in the $ 74-75/barr. on the sort of WTI. Determinative in this regard will be published today, the index of economic sentiment in the euro area from the institute ZEW (13-00). Under these conditions, Russia's stock market can expect the next wave of high-power purchases. Otherwise, it is expected that most market participants still take a break, and will not take action until the report from Cargill and Johnson Johnson (report from Intel will be published after the completion of trades in the U.S.) that will demonstrate: the extent justified by prevailing on this when price levels. In other words, after opening with a small gepom down can be expected in the general vicinity of the lateral dynamics of the closing level on Monday, which may change direction after the release of statistics. In addition to the shares of oil and gas sector, the attitude that will depend on what happens in the currency market, able to attract the attention of the shares of steelmakers and shares Uralkaliya. The latter may look better than the market amid reports that after the accident in 2006 at the mines of companies, as it became known, remained the possibility of development of 50-60% stocks, which were previously considered lost.
2; user rated material at 3.
Analyst Ratings
The growth of Russia's market may be interrupted at the first negative signal
Reassessment of the prospects for investors in electric power industry can raise quotes several generating companies for a further 20-30%
Question offensive market correction in Russia is becoming increasingly relevant, the potential growth of about 10%
Good potential for growth in the coming days remains in securities of Gazprom and OGK
Against the backdrop of favorable trends in the global economy a short-term support to the market will have a primary site
On Russia's market remains a growing trend, demonstrated by the volumes
Today in the U.S. went corporate reports for the III quarter, in particular, Intel Corp. and Johnson Johnson
MTS purchased from Sistema's controlling stake in Comstar
The Court recognized the legal conclusions of the Vologda FAS on concerted action daughters LUKOIL and Entikom-invest in the gasoline market