Volatility and volumes rose sharply
Europe
European markets rise fifth consecutive day. Pan-European FTSE Eurotop 100 index adds 0.22%, Britain's FTSE 100 0.37%, the German Xetra Dax 0.34%, French Lyxor Cac 40 0.29%. As leaders of growth stocks germanskogo automobile concern BMW 4.7%. Analysts Royal Bank of Scotland raised the recommendation on shares of BMW to buy, Morgan Stanley raised the estimate to the above market. Renault shares rise by 4.8%, following statements by the CEO that the bottom of the crisis has passed, the situation in the automotive industry will improve. Dynamics of shares of banks and steel companies in different directions.
Oil
Oil rose significantly yesterday against the backdrop of updating annual minimum dollar. Spot Brent $ 69.19, WTI $ 71.1. Futures in the neutral zone.
Russia
Russia market opened in the neutral zone, then a little older, then returned to zero. Volatility and volume rose sharply, the market reacts sharply to any fluctuations in U.S. futures. We have a future on the SP 500 index at zero, so some consolidation in the market. At 15:45 Moscow time the MICEX index decreased by 0.13%, RTS index in positive territory at 1.07%. Trading volume on the MICEX stock market 53 billion rubles., Which is almost twice the average values.
Yesterday's rise in oil prices continues to win back only 3% of Lukoil. The remaining securities sector dynamics is close to neutral. Gazprom 0.6% 0.2% Rosneft, Surgutneftegaz 0.8%. Gazpromneft account for the US GAAP. In II quarter net profit fell almost doubled to $ 1.2 billion from $ 2.2 billion for the same period last year, but has exceeded forecasts. Expected profit at $ 928 million, however, shares Gazpromneft reduced by 1.3%.
After the rapid growth of players record profits in the shares of Sberbank and VTB% -1.7% -2.6. Shares VTB, in spite of additional issue's failed as a result of which was purchased only 40%, with virtually all the state over the past few days have grown, podtyanuvshis to the price of SPO. Sberbank remains the leader in trading volumes. The reasons for such a significant growth in recent years called the mass closure of short positions and possible additional issue, which quotes can be accelerated to the level of IPO, ie, 89 rub.
Forecast
Today, the main event will be a meeting of OPEC in Vienna. Doubt that the old quota will be saved, no, but comments on the future policies and statements of compliance with production quotas will be important to determine the medium-term oil prices.
The ability of our market update yearly highs at 1,200 points, in my view, depends on the situation on the oil market. If the oil after the OPEC meeting and tomorrow's data on the stocks in the United States will continue to rise and come to a level of $ 75, the upgrade will be the work of the maxima of two or three days. However, if oil prices return to levels of $ 68 or even goes lower, then we go back to the corridor 1080-1130 points, which consolidated the market for about a month.
From a technical standpoint the market is struggling for the level of 1150 points. Output from the side range of 1080-1130 points upward, and at a good level, certainly a positive factor, but the final say on the formation of a new trading range and the new focus will be after the formation of an uptrend in crude oil.
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Analyst Ratings
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Papers of Savings Bank came under the knife investors who have decided to take profits now pushes quotes more than 1%
In August 2009, Energy Company of Bashkortostan electricity output by up to 1.4341 billion kWh
American stock market on Tuesday closed by growth on the background of an active process of mergers and acquisitions in the U.S. and rising raw material prices due to weak dollar
Opinion: Ukraine has long been necessary to move from dollars to euros
RBS intends to sell the aircraft leasing unit
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather …
Trading volume on the market of government securities amounted to 59.21 billion rubles
At past auctions on Tuesday, 8 September, the U.S. dollar has greatly fallen in price
By this morning the primer has dried up investor optimism
Higher oil prices have continued to win back only LUKOIL, in other securities sector dynamics close to neutral
Volatility and volumes rose sharply
Europe
European markets rise fifth consecutive day. Pan-European FTSE Eurotop 100 index adds 0.22%, Britain's FTSE 100 0.37%, the German Xetra Dax 0.34%, French Lyxor Cac 40 0.29%. As leaders of growth stocks germanskogo automobile concern BMW 4.7%. Analysts Royal Bank of Scotland raised the recommendation on shares of BMW to buy, Morgan Stanley raised the estimate to the above market. Renault shares rise by 4.8%, following statements by the CEO that the bottom of the crisis has passed, the situation in the automotive industry will improve. Dynamics of shares of banks and steel companies in different directions.
Oil
Oil rose significantly yesterday against the backdrop of updating annual minimum dollar. Spot Brent $ 69.19, WTI $ 71.1. Futures in the neutral zone.
Russia
Russia market opened in the neutral zone, then a little older, then returned to zero. Volatility and volume rose sharply, the market reacts sharply to any fluctuations in U.S. futures. We have a future on the SP 500 index at zero, so some consolidation in the market. At 15:45 Moscow time the MICEX index decreased by 0.13%, RTS index in positive territory at 1.07%. Trading volume on the MICEX stock market 53 billion rubles., Which is almost twice the average values.
Yesterday's rise in oil prices continues to win back only 3% of Lukoil. The remaining securities sector dynamics is close to neutral. Gazprom 0.6% 0.2% Rosneft, Surgutneftegaz 0.8%. Gazpromneft account for the US GAAP. In II quarter net profit fell almost doubled to $ 1.2 billion from $ 2.2 billion for the same period last year, but has exceeded forecasts. Expected profit at $ 928 million, however, shares Gazpromneft reduced by 1.3%.
After the rapid growth of players record profits in the shares of Sberbank and VTB% -1.7% -2.6. Shares VTB, in spite of additional issue's failed as a result of which was purchased only 40%, with virtually all the state over the past few days have grown, podtyanuvshis to the price of SPO. Sberbank remains the leader in trading volumes. The reasons for such a significant growth in recent years called the mass closure of short positions and possible additional issue, which quotes can be accelerated to the level of IPO, ie, 89 rub.
Forecast
Today, the main event will be a meeting of OPEC in Vienna. Doubt that the old quota will be saved, no, but comments on the future policies and statements of compliance with production quotas will be important to determine the medium-term oil prices.
The ability of our market update yearly highs at 1,200 points, in my view, depends on the situation on the oil market. If the oil after the OPEC meeting and tomorrow's data on the stocks in the United States will continue to rise and come to a level of $ 75, the upgrade will be the work of the maxima of two or three days. However, if oil prices return to levels of $ 68 or even goes lower, then we go back to the corridor 1080-1130 points, which consolidated the market for about a month.
From a technical standpoint the market is struggling for the level of 1150 points. Output from the side range of 1080-1130 points upward, and at a good level, certainly a positive factor, but the final say on the formation of a new trading range and the new focus will be after the formation of an uptrend in crude oil.
3; user rated material on 4,7.
Analyst Ratings
Papers of Savings Bank came under the knife investors who have decided to take profits now pushes quotes more than 1%
In August 2009, Energy Company of Bashkortostan electricity output by up to 1.4341 billion kWh
American stock market on Tuesday closed by growth on the background of an active process of mergers and acquisitions in the U.S. and rising raw material prices due to weak dollar
Opinion: Ukraine has long been necessary to move from dollars to euros
RBS intends to sell the aircraft leasing unit
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather …
Trading volume on the market of government securities amounted to 59.21 billion rubles
At past auctions on Tuesday, 8 September, the U.S. dollar has greatly fallen in price
By this morning the primer has dried up investor optimism