The disappointing results of corporate reporting, as well as the prospects of the Chinese government policy tightening in the lending market, have led to sales in the stock markets. Uncertainty about the outlook for the world economy continues, while the deterioration in economic expectations associated with the prospect of higher costs for borrowing, stimulate demand for quality assets and the dollar, which has strengthened to a record over the last year level of $ 1.407 per euro. At the same time, oil prices, despite rising dollar, is kept at $ 77.5 per barrel mark Brent, which, coupled with emerging in Asia, signs of recovery in the stock market should support domestic indices in the course of today”s trading. We believe in a neutral external background can open up the domestic indices increased by 0,5%, however, in the future, we expect the market may again be under pressure from uncertainty.
Sales grew over the course of trading in the U.S. against the backdrop of disappointing corporate statistics, as well as the prospects of tighter monetary policy of the Chinese authorities. The Dow lost 1.14% and dropped to Section 10603.15, the index SP - 1,06% and dropped to 1,138.04 p.
The market is indecisive and afraid of the tightening of monetary policy authorities in the world”s leading powers, which threatens serious risks reviving the global economy. China, being the engine of this recovery, attracts attention of investors: compression of the credit markets threatens to cooling economy, “Celestial,” which could undermine global growth.
Corporate reports are not added investor optimism. Reports IBM and Morgan Stanley fell short of investors” expectations, although in general, it is worth noting the results of the companies were not so depressing. Equity Bank of America and Wells Fargo, by contrast, grew by publishing the results of its operations for the IV quarter. BOA was able to reduce losses, and Wells Fargo earned 8 cents per share loss at 82 cents per share last year.
Makrostatistika virtually no effect on the course of trading, although it should be noted that data on the real estate market proved to be contradictory: the fall of bookmarks of new homes was offset by growth in building permits issued.
Asian Regional benmark MSCI Asia Pacific today is trading with minimal changes: the weak growth observed in China against the backdrop of a stronger release of statistics on GDP, which is still able to slightly outweigh the negative of the potential tightening of monetary policy, as well as Japan, predominantly for by weakening the yen.
So, today in Asia, investors were mainly focused on the statistics of GDP growth in China, which has accelerated to a maximum of 2007 (10.7%), which, however, accompanied by a significant acceleration of inflation. Moreover, the report showed that China continues to work in warehouses (stocks rose by 68%), which carries a serious threat of overproduction. As a result, the market increasingly paid attention to the prospects of tighter monetary policy in China (including by raising rates) in order to prevent overheating and the formation of bubbles in some sectors, thus threatening the country”s cooling economy and, consequently, could undermine demand for commodity assets procured players in the hope of the rapid growth of China”s GDP.
Today, the domestic stock indexes opened a slight increase, however, we do not exclude that at the end of the week the pressure on the market may worsen. We believe that as long as appropriate to avoid investments in securities of oil companies. At the same time, the “buckling” in the course of yesterday”s sale of shares of metallurgists should appear in demand. Also of interest are non-ferrous metals producers and companies extracting precious metals, could be in demand. It is worth emphasizing Polymetal, which expects to increase its gold production in 2010 by 40% due to the new field, while already in the 4 th quarter the company was able to build up production by 34% y /y.
Selective demand should remain in power. Lagged behind the market shares of TGK-4, shares of IES Holding companies (in particular TGC-5, TGK-6, TGK-9). Against TGK-11 can play the news about reducing the tariff for electricity production by 4,1%.
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Analyst Ratings
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Litvitsky: Transfer of the Cabinet of foreign exchanged47reserves of the NBU is only possible after the decision of the IMF
SSMSC changing the rules of decision-making associations of the stock market
In search of reliable “piggy banks”
Despite difficult for banks and the national currency per year, in 2010 analysts to advise saving it hryvnia deposit …
Swallowing reflex
Russia”s banks have begun a large-scale absorption of big business their Ukrainian clients …
Reducing the cost of a single European currency is now in large measure “ahead of schedule”
The level of support for fixed-term contract on RTS index performance in March for today - 156 400 points
Russia market may take a little pause before the storm again, possibly before the end of the week
If the developed stock markets will be included in a decreasing trend, Russia”s market will overtake them at a serious rate of decline
Today, a remarkable event will be an address by U.S. President Barack Obama
In the “buckling” in the course of yesterday”s sale of shares in metallurgical engineering should see demand
The disappointing results of corporate reporting, as well as the prospects of the Chinese government policy tightening in the lending market, have led to sales in the stock markets. Uncertainty about the outlook for the world economy continues, while the deterioration in economic expectations associated with the prospect of higher costs for borrowing, stimulate demand for quality assets and the dollar, which has strengthened to a record over the last year level of $ 1.407 per euro. At the same time, oil prices, despite rising dollar, is kept at $ 77.5 per barrel mark Brent, which, coupled with emerging in Asia, signs of recovery in the stock market should support domestic indices in the course of today”s trading. We believe in a neutral external background can open up the domestic indices increased by 0,5%, however, in the future, we expect the market may again be under pressure from uncertainty.
Sales grew over the course of trading in the U.S. against the backdrop of disappointing corporate statistics, as well as the prospects of tighter monetary policy of the Chinese authorities. The Dow lost 1.14% and dropped to Section 10603.15, the index SP - 1,06% and dropped to 1,138.04 p.
The market is indecisive and afraid of the tightening of monetary policy authorities in the world”s leading powers, which threatens serious risks reviving the global economy. China, being the engine of this recovery, attracts attention of investors: compression of the credit markets threatens to cooling economy, “Celestial,” which could undermine global growth.
Corporate reports are not added investor optimism. Reports IBM and Morgan Stanley fell short of investors” expectations, although in general, it is worth noting the results of the companies were not so depressing. Equity Bank of America and Wells Fargo, by contrast, grew by publishing the results of its operations for the IV quarter. BOA was able to reduce losses, and Wells Fargo earned 8 cents per share loss at 82 cents per share last year.
Makrostatistika virtually no effect on the course of trading, although it should be noted that data on the real estate market proved to be contradictory: the fall of bookmarks of new homes was offset by growth in building permits issued.
Asian Regional benmark MSCI Asia Pacific today is trading with minimal changes: the weak growth observed in China against the backdrop of a stronger release of statistics on GDP, which is still able to slightly outweigh the negative of the potential tightening of monetary policy, as well as Japan, predominantly for by weakening the yen.
So, today in Asia, investors were mainly focused on the statistics of GDP growth in China, which has accelerated to a maximum of 2007 (10.7%), which, however, accompanied by a significant acceleration of inflation. Moreover, the report showed that China continues to work in warehouses (stocks rose by 68%), which carries a serious threat of overproduction. As a result, the market increasingly paid attention to the prospects of tighter monetary policy in China (including by raising rates) in order to prevent overheating and the formation of bubbles in some sectors, thus threatening the country”s cooling economy and, consequently, could undermine demand for commodity assets procured players in the hope of the rapid growth of China”s GDP.
Today, the domestic stock indexes opened a slight increase, however, we do not exclude that at the end of the week the pressure on the market may worsen. We believe that as long as appropriate to avoid investments in securities of oil companies. At the same time, the “buckling” in the course of yesterday”s sale of shares of metallurgists should appear in demand. Also of interest are non-ferrous metals producers and companies extracting precious metals, could be in demand. It is worth emphasizing Polymetal, which expects to increase its gold production in 2010 by 40% due to the new field, while already in the 4 th quarter the company was able to build up production by 34% y /y.
Selective demand should remain in power. Lagged behind the market shares of TGK-4, shares of IES Holding companies (in particular TGC-5, TGK-6, TGK-9). Against TGK-11 can play the news about reducing the tariff for electricity production by 4,1%.
2; user rated material at 2.
Analyst Ratings
Litvitsky: Transfer of the Cabinet of foreign exchanged47reserves of the NBU is only possible after the decision of the IMF
SSMSC changing the rules of decision-making associations of the stock market
In search of reliable “piggy banks”
Despite difficult for banks and the national currency per year, in 2010 analysts to advise saving it hryvnia deposit …
Swallowing reflex
Russia”s banks have begun a large-scale absorption of big business their Ukrainian clients …
Reducing the cost of a single European currency is now in large measure “ahead of schedule”
The level of support for fixed-term contract on RTS index performance in March for today - 156 400 points
Russia market may take a little pause before the storm again, possibly before the end of the week
If the developed stock markets will be included in a decreasing trend, Russia”s market will overtake them at a serious rate of decline
Today, a remarkable event will be an address by U.S. President Barack Obama