Markets continue to consolidate on an upward trend to continue upward movement needs new drivers

Published yesterday on retail sales in the United States for July were significantly worse prognosis. No growth at 0.8% predicted did not happen. Moreover, growth was not as such at all. Even a sharp increase in sales of automobiles in the program of cash for clunkers was not able to keep the overall decline of retail sales (-0.1%). Excluding the automobile component

drop in sales was even greater (-0.6%). Thus, after the optimism of the U.S. real estate market, released in late July, and an unexpected improvement in the labor market, which became known in early August, the weak data on retail sales force investors once again to recall the weak consumer demand in the biggest national market, without recovery by way of the crisis would be very lengthy.

persistent doubts about the sustainability of the observed reduction processes in the global economy to hamper growth in the stock markets. With Russia, that the western stock indices since the beginning of August are at the outset, and requires new drivers to the serious failure of these outset farther up.

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Analyst Ratings


It is unlikely that the Russian market today have the strength to determine the direction of motion
It is unlikely that the results of the short trading session is taken seriously
On the stock market is a lot of cheap money, they warm themselves, and raise share prices, commodity prices
The Russian stock market on Friday will mark time, waiting for the opening of the European sites
The Russian market has made an application for continued growth, or more precisely, on the continued consolidation in the extended range
The Russian stock market opening could resume climbing, with the support of the American futures
Corrective mood zavladevshie the Chinese market could spill over in other stock markets of the world
Review of the FOREX market for 13.08.09
Cabinet has decided to streamline the fermentation

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