So, finally, our market was able to show at least some reduction. All blue chips closed down 3-5% in the red, with the exception of Gazprom Neft shares, went up by 2.29% due to the upcoming purchase of the company, Rosneft 50% stake Tomskneft. The cause of decline was the external background, and, above all, the fall in oil prices. The reason for the negative dynamics of the black gold can be called an unexpected increase in stockpiles of crude oil in the United States by 4 million barrels, and began public hearings in Washington of the United States trade commodity futures.
Officials in this case directly accuse traders and hedge funds are manipulating the prices and the strengthening of the volatility in the market and, above all, oil. Accordingly, the later can be taken, complicates the speculation and normal trade. Despite all these statements contradict the principles of market economy, we would be advised to take these hearings around the unfolding events: the fall of the previous quotations of oil from $ 73 to $ 58 per barrel in late June - early July, took place on the background of conversations aboutthe possible restriction of commodity futures speculation.
In addition, adverse effects on the cost of oil yesterday, influenced the growth of the dollar against the euro: the ongoing Sino-US talks, though not yet yielded significant results still show that the Obama administration and the Fed raised the problem of maintaining international attractiveness dollar. And for that they must work to reduce the budget deficit, stop the excessive emissions, and stop to struggle with the crisis more money and programs to buy huge problem assets. This question may be more important issues to combat though heavy, but still a temporary crisis.
As for the Russian market, there will be an important, or not, we will keep the 1000 mark on the MICEX. If established above - it is possible to further significant growth. If not - you'll need to note that the breakdown of resistance up to 1000 points was false, and to reduce - at least 850 points.
Today
Leading global markets on Tuesday closed down reduction in growth: German DAX -1,46%, Britain's FTSE -1,25%, DJIA -0,13%. Asian markets this morning, declining, but the Japanese Nikkei225 adds 0.26%. Futures on the S P500 reduced by -0.36%.
Pair EUR /USD is in the € /$ 1,4275, while USD /JPY - in $ /#165; 95.10. Gold is $ 955.66 per troy ounce, silver - $ 13.57 per troy ounce, Copper - $ 5,423, and nickel - $ 16,380 per metric ton.
Yield for UST-2, 1,11; for UST-10 3,66.
Oil Prices in the last 24 hours have fallen by $ 0.73 to $ 69.49 a barrel varieties Brent.
So, today we look forward to reducing the growth of quotations of securities in early trades.
Today, at 12.30 GMT in the United States will change in the volume of data on orders for durable goods (Durable Goods Orders).
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1 users rated material 4.
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Analyst Ratings
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In the case of continuing support for correction of the MICEX index can be expected at 980 points
Russian ruble to the dollar and bivalyutnoy basket this morning at 31.21 and 37.17 rubles
Opened in negative zone with gepom down Russian platform accelerated decline against the backdrop of the negative dynamics of European stock exchanges
After yesterday's correction of the strong reduction of quotations in the early hours of the trading is not worth waiting for
Neutral day could be for steel companies and consumer sector
Stuck the August futures price for Brent oil at $ 70 promotes the growth of open positions in futures on Brent
Yesterday, a pair of Euro /dollar to the U.S. session continued decline up to 1.4130
The American dollar, on the basis of the trading day Tuesday, was able to gain a European competitors
Overview of the foreign exchange market 29.07.2009
In the first half of the day in the Russian market may decline in the growth of quotations of securities
So, finally, our market was able to show at least some reduction. All blue chips closed down 3-5% in the red, with the exception of Gazprom Neft shares, went up by 2.29% due to the upcoming purchase of the company, Rosneft 50% stake Tomskneft. The cause of decline was the external background, and, above all, the fall in oil prices. The reason for the negative dynamics of the black gold can be called an unexpected increase in stockpiles of crude oil in the United States by 4 million barrels, and began public hearings in Washington of the United States trade commodity futures.
Officials in this case directly accuse traders and hedge funds are manipulating the prices and the strengthening of the volatility in the market and, above all, oil. Accordingly, the later can be taken, complicates the speculation and normal trade. Despite all these statements contradict the principles of market economy, we would be advised to take these hearings around the unfolding events: the fall of the previous quotations of oil from $ 73 to $ 58 per barrel in late June - early July, took place on the background of conversations aboutthe possible restriction of commodity futures speculation.
In addition, adverse effects on the cost of oil yesterday, influenced the growth of the dollar against the euro: the ongoing Sino-US talks, though not yet yielded significant results still show that the Obama administration and the Fed raised the problem of maintaining international attractiveness dollar. And for that they must work to reduce the budget deficit, stop the excessive emissions, and stop to struggle with the crisis more money and programs to buy huge problem assets. This question may be more important issues to combat though heavy, but still a temporary crisis.
As for the Russian market, there will be an important, or not, we will keep the 1000 mark on the MICEX. If established above - it is possible to further significant growth. If not - you'll need to note that the breakdown of resistance up to 1000 points was false, and to reduce - at least 850 points.
Today
Leading global markets on Tuesday closed down reduction in growth: German DAX -1,46%, Britain's FTSE -1,25%, DJIA -0,13%. Asian markets this morning, declining, but the Japanese Nikkei225 adds 0.26%. Futures on the S P500 reduced by -0.36%.
Pair EUR /USD is in the € /$ 1,4275, while USD /JPY - in $ /#165; 95.10. Gold is $ 955.66 per troy ounce, silver - $ 13.57 per troy ounce, Copper - $ 5,423, and nickel - $ 16,380 per metric ton.
Yield for UST-2, 1,11; for UST-10 3,66.
Oil Prices in the last 24 hours have fallen by $ 0.73 to $ 69.49 a barrel varieties Brent.
So, today we look forward to reducing the growth of quotations of securities in early trades.
Today, at 12.30 GMT in the United States will change in the volume of data on orders for durable goods (Durable Goods Orders).
1 users rated material 4.
Analyst Ratings
In the case of continuing support for correction of the MICEX index can be expected at 980 points
Russian ruble to the dollar and bivalyutnoy basket this morning at 31.21 and 37.17 rubles
Opened in negative zone with gepom down Russian platform accelerated decline against the backdrop of the negative dynamics of European stock exchanges
After yesterday's correction of the strong reduction of quotations in the early hours of the trading is not worth waiting for
Neutral day could be for steel companies and consumer sector
Stuck the August futures price for Brent oil at $ 70 promotes the growth of open positions in futures on Brent
Yesterday, a pair of Euro /dollar to the U.S. session continued decline up to 1.4130
The American dollar, on the basis of the trading day Tuesday, was able to gain a European competitors
Overview of the foreign exchange market 29.07.2009