Oil recovers after 5% case the fall of the previous day. MICEX Index virgin soil above 1000 points
After the 5% case the fall of quotations of oil futures in the course of yesterday's auction, the price of barrel of Brent fell to $ 66 mark, which is the level of support. Piercing through this check fails, resulting in a rebound on top of oil. Currently, quotes Brent cannon is already almost 2%, which supports the cautious bychi waiting on the Russian stock market. Fallen by 7% this week, the Russian stock market is now rapidly bounce up after the dynamics of commodity markets. MICEX Index (3.3%) for the date has already played half of the recent falls, rising above 1015 points. This growth in the market is on the full range of securities. No proper corporate news is not otygryvayutsya - all lost in the overall market recovery. Even the growth of quotations of shares of Gazprom and Novatek for news on the failure of the Government of the Russian Federation NDPI and raise export duties on gas would not be allocated to the general background.
The Russian market, in our view, remains under a rising trend. External background (whether it is continuing to consolidate near the maxima of the year, stock indexes in Europe and the United States or the oil futures) promotes the game of shopping, rather than the opening of shorts. We recommend that you still rely on the dynamics of oil prices to determine the short-term trends in the Russian stock market. While the quotations of futures for Brent did not go over the range of $ 66-72, strong movements in the Russian stock market to expect, probably not worth it. To be saved outset near the 1000 mark points on an index of MICEX. Is there any sense to buy shares now? Speculative, probably yes, given that oil is near the lower limit defined our price range. If we look at the re-rise of the prices of black gold above $ 70 a barrel, in the first place it makes sense to buy shares of oil companies and banks. Moreover, they are the most liquid, and consequently, most clearly feel the change of speculative sentiment in the market. Fit into the second line time, in our view, has not yet come. But actually, today, is not indicative of future movements in stock markets. Key figures this week will be tomorrow - the U.S. GDP in the 2 quarter. 2009 - and that these data will determine the financial markets in early August. So far they have not been published, it is unlikely that bulls and bears will be actively pushing the market into its side.
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Asia: corporate accountability largest regional automakers warned optimism
The course is kept buying the dollar unchanged - a daily review of the cash markets
Expert: The Ukrainian stock market came to large investors
Do Chernovetsky ban casino feel uninformed decisions
China may take measures to slow growth in the market shares and to restrict lending
Analysis - Results of the day
In the time remaining until the end of the session most likely consolidation of the MICEX index at current levels
Crisis strikes on Russian roads
Overview of the oil market for 29.07.09
MICEX Index (3.3%) for the date has already played half of the recent falls, rising above 1015 points
Oil recovers after 5% case the fall of the previous day. MICEX Index virgin soil above 1000 points
After the 5% case the fall of quotations of oil futures in the course of yesterday's auction, the price of barrel of Brent fell to $ 66 mark, which is the level of support. Piercing through this check fails, resulting in a rebound on top of oil. Currently, quotes Brent cannon is already almost 2%, which supports the cautious bychi waiting on the Russian stock market. Fallen by 7% this week, the Russian stock market is now rapidly bounce up after the dynamics of commodity markets. MICEX Index (3.3%) for the date has already played half of the recent falls, rising above 1015 points. This growth in the market is on the full range of securities. No proper corporate news is not otygryvayutsya - all lost in the overall market recovery. Even the growth of quotations of shares of Gazprom and Novatek for news on the failure of the Government of the Russian Federation NDPI and raise export duties on gas would not be allocated to the general background.
The Russian market, in our view, remains under a rising trend. External background (whether it is continuing to consolidate near the maxima of the year, stock indexes in Europe and the United States or the oil futures) promotes the game of shopping, rather than the opening of shorts. We recommend that you still rely on the dynamics of oil prices to determine the short-term trends in the Russian stock market. While the quotations of futures for Brent did not go over the range of $ 66-72, strong movements in the Russian stock market to expect, probably not worth it. To be saved outset near the 1000 mark points on an index of MICEX. Is there any sense to buy shares now? Speculative, probably yes, given that oil is near the lower limit defined our price range. If we look at the re-rise of the prices of black gold above $ 70 a barrel, in the first place it makes sense to buy shares of oil companies and banks. Moreover, they are the most liquid, and consequently, most clearly feel the change of speculative sentiment in the market. Fit into the second line time, in our view, has not yet come. But actually, today, is not indicative of future movements in stock markets. Key figures this week will be tomorrow - the U.S. GDP in the 2 quarter. 2009 - and that these data will determine the financial markets in early August. So far they have not been published, it is unlikely that bulls and bears will be actively pushing the market into its side.
Your grade will be the first!
Analyst Ratings
Asia: corporate accountability largest regional automakers warned optimism
The course is kept buying the dollar unchanged - a daily review of the cash markets
Expert: The Ukrainian stock market came to large investors
Do Chernovetsky ban casino feel uninformed decisions
China may take measures to slow growth in the market shares and to restrict lending
Analysis - Results of the day
In the time remaining until the end of the session most likely consolidation of the MICEX index at current levels
Crisis strikes on Russian roads
Overview of the oil market for 29.07.09