Russia stock market slightly strengthened its position at the top, so the RTS index added 0.14% to 1,446.36 and the MICEX index grew at 0.47% to 1,391.25. Moving up might be stronger, but before closing the mood spoiled American statistics, and again the bad news came from the housing market, which plummeted new home sales, while expected to rise. Oil during the day even showed growth, which is partly supported by Russia”s paper, but some of them, in particular ROSNET continue to decline from the possible removal of tax holidays for East Siberian oil1000fields. Renewed rise in bank shares yesterday. In addition, there was a rebound in a number of metallurgical market, which noticeably thinner in recent days.
European shares under the onslaught of negative news retreated into negative territory. Voltage at the sites due to the fact that leading world powers can begin to fold up to support the economy in their countries, because China has already implemented the first steps to cool its economy. Yesterday, one of the representatives of the ECB said that in the first half of 2010, they can take new measures to reduce the incentive programs to reduce liquidity. All these reports were received in the nervous moment when the players were waiting for the outcome of the Fed meeting, which caused sales in the markets. The situation with the budget deficit of Greece remains difficult, as remarked in his speech, the European Commission, which noted the inadequacy of measures taken to address the problems encountered.
In addition, quarterly results of companies were reminded that the economy is only on the road to recovery. Additional blow to the financial sector were disappointing quarterly results of Banco Bilbao Vizcaya Argentaria. Weak results of the American Cemex dragged down the paper European colleagues on the shop floor. On top of that statistic data on the U.S. housing market thwarted bidders.
American share platforms on the session closed in the positive territory. The day began with dismal data on the primary housing market. In addition, Caterpillar Financial Report aroused negative emotions in the market, as the company forecast for 2010 was worse than expected. Reverse the negative sentiment has largely thanks to the Fed”s decision, which left rates at the same level, stressing that it will hold these positions for a long time. At the same time the Fed noted the low risk of inflation, slow growth in economic activity and improve the labor market. In general, the country”s economy recovers, but slowly. In addition, reports of some companies have surpassed expectations, which also had a positive effect on the markets. It may be noted the company Boeing, whose shares are weight by severely. On the commodity market dominated by a negative trend, after the publication of the report of the Ministry of Energy of the fall in oil inventories, but the ever growing stockpile of gasoline.
Asian stock exchanges today are optimistic. In addition to the outcome of the U.S. Trade purchases in the markets contributes to a weakened yen, but the limiting factor is the price of raw materials. Decisive contribution to the current share prices has made speech by Obama, who called on Congress to adopt new measures to support the economy.
Russia stock market with the support of the external background will regain the positions above 1400 at the opening. While foreign markets continue to hold its position above the supports, but some of them even lucky enough to jump up. If the EUR /USD pair will not go below 1.4, then perhaps we will see a rebound in oil, which today remain below trend support. Further falls in petroleum quotations can discard them for $ 69. However, markets can now go up to Barack Obama”s new proposals, which will leave the MICEX index to 1420.
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Analyst Ratings
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The dollar will fall in price, but the collapse will not
dollar - a strong currency does not tire of repeating IMF head Dominique Strauss-Kahn …
Forex - results of the day
The Ukrainian stock market on Wednesday remained “bullish” sentiment on domestic demand
During today”s session at the roar of Russd46ia remain high volatility, which again will increase the speculative activity
Today, there are data on durable orders and initial applications for unemployment benefits in the U.S.
Yesterday, trading volume on the stock market, MICEX Stock Exchange amounted to 107.17 billion rubles
In the evening session on FORTS futures on RTS index has played the position, rising by 0,5% to a value of 146 065 points
Better the market today may look like shares of banks and steel companies
Today, the closest level of support for the RTS Index futures will mark 143.000 points
Markets can now go up to Barack Obama”s new proposals, which will leave the MICEX index to 1420 points
Russia stock market slightly strengthened its position at the top, so the RTS index added 0.14% to 1,446.36 and the MICEX index grew at 0.47% to 1,391.25. Moving up might be stronger, but before closing the mood spoiled American statistics, and again the bad news came from the housing market, which plummeted new home sales, while expected to rise. Oil during the day even showed growth, which is partly supported by Russia”s paper, but some of them, in particular ROSNET continue to decline from the possible removal of tax holidays for East Siberian oil1000fields. Renewed rise in bank shares yesterday. In addition, there was a rebound in a number of metallurgical market, which noticeably thinner in recent days.
European shares under the onslaught of negative news retreated into negative territory. Voltage at the sites due to the fact that leading world powers can begin to fold up to support the economy in their countries, because China has already implemented the first steps to cool its economy. Yesterday, one of the representatives of the ECB said that in the first half of 2010, they can take new measures to reduce the incentive programs to reduce liquidity. All these reports were received in the nervous moment when the players were waiting for the outcome of the Fed meeting, which caused sales in the markets. The situation with the budget deficit of Greece remains difficult, as remarked in his speech, the European Commission, which noted the inadequacy of measures taken to address the problems encountered.
In addition, quarterly results of companies were reminded that the economy is only on the road to recovery. Additional blow to the financial sector were disappointing quarterly results of Banco Bilbao Vizcaya Argentaria. Weak results of the American Cemex dragged down the paper European colleagues on the shop floor. On top of that statistic data on the U.S. housing market thwarted bidders.
American share platforms on the session closed in the positive territory. The day began with dismal data on the primary housing market. In addition, Caterpillar Financial Report aroused negative emotions in the market, as the company forecast for 2010 was worse than expected. Reverse the negative sentiment has largely thanks to the Fed”s decision, which left rates at the same level, stressing that it will hold these positions for a long time. At the same time the Fed noted the low risk of inflation, slow growth in economic activity and improve the labor market. In general, the country”s economy recovers, but slowly. In addition, reports of some companies have surpassed expectations, which also had a positive effect on the markets. It may be noted the company Boeing, whose shares are weight by severely. On the commodity market dominated by a negative trend, after the publication of the report of the Ministry of Energy of the fall in oil inventories, but the ever growing stockpile of gasoline.
Asian stock exchanges today are optimistic. In addition to the outcome of the U.S. Trade purchases in the markets contributes to a weakened yen, but the limiting factor is the price of raw materials. Decisive contribution to the current share prices has made speech by Obama, who called on Congress to adopt new measures to support the economy.
Russia stock market with the support of the external background will regain the positions above 1400 at the opening. While foreign markets continue to hold its position above the supports, but some of them even lucky enough to jump up. If the EUR /USD pair will not go below 1.4, then perhaps we will see a rebound in oil, which today remain below trend support. Further falls in petroleum quotations can discard them for $ 69. However, markets can now go up to Barack Obama”s new proposals, which will leave the MICEX index to 1420.
7; users rated material on 4,1.
Analyst Ratings
The dollar will fall in price, but the collapse will not
dollar - a strong currency does not tire of repeating IMF head Dominique Strauss-Kahn …
Forex - results of the day
The Ukrainian stock market on Wednesday remained “bullish” sentiment on domestic demand
During today”s session at the roar of Russd46ia remain high volatility, which again will increase the speculative activity
Today, there are data on durable orders and initial applications for unemployment benefits in the U.S.
Yesterday, trading volume on the stock market, MICEX Stock Exchange amounted to 107.17 billion rubles
In the evening session on FORTS futures on RTS index has played the position, rising by 0,5% to a value of 146 065 points
Better the market today may look like shares of banks and steel companies
Today, the closest level of support for the RTS Index futures will mark 143.000 points