MICEX index continues to be kept above the 1,100 points mark. If the opening of trading observed in 2% fall in the stock indicator, which was a reaction to the decline of U.S. and Asian stock markets, already half an hour after the stock market session, speculators began to play up in an attempt to close the morning gepy. Once the price breaks will be closed, most likely the market will rise again in a dilemma. On the one hand, maintained their upward motion, initiated by 4 more in the middle of last week, on the other side - the proximity of the level of resistance of 1030 points and coming tonight out important statistics for the United States. Rather, in such circumstances, in the absence of obvious drivers for growth, our market share will stand with slight increase on yesterday's closing levels in anticipation of macroeconomic data from the ocean. Today, in addition, in our opinion, the key to this week's consumer confidence index for August (18.00 Moscow time) will come more data on price indexes for the house from both agencies (SP and the Federal Housing Finance Agency). And if the positive trend in real estate prices are unlikely to doubt someone in the market, the index of consumer confidence in continuing the extremely tense situation in the U.S. labor market is a major risk to growth in stock market indices today. And, apparently, these data will be crucial for the financial markets before the end of the week.
We suggest to refrain from active operations on the market before the release of statistics, and only if the encouraging data on the index of consumer confidence and the breakdown of the MICEX Index mark 1,130 points to increase their long positions, particularly on the most liquid securities of oil and gas sector.
key corporate event today should be a meeting of the Supervisory Council of VTB, which will be determined by the offering price of shares in the additional issue. We expect that the offering price is higher than the market for more than 13%, which would break the bank stock quotes, finally, the resistance level of 0.0450 rubles. and go upstairs.
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Railways will take part in the comprehensive development of the Ulaanbaatar Railway
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Yushchenko signed a decree on the imposition of a nationwide discussion of the draft amendments to the Constitution
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In the afternoon the market in Russia is possible to activate purchases
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
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Overview of the oil market for 24.08.09
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MICEX Index has remained within yesterday's trading range, consolidating a local maximum in anticipation of statistics from the U.S.
MICEX index continues to be kept above the 1,100 points mark. If the opening of trading observed in 2% fall in the stock indicator, which was a reaction to the decline of U.S. and Asian stock markets, already half an hour after the stock market session, speculators began to play up in an attempt to close the morning gepy. Once the price breaks will be closed, most likely the market will rise again in a dilemma. On the one hand, maintained their upward motion, initiated by 4 more in the middle of last week, on the other side - the proximity of the level of resistance of 1030 points and coming tonight out important statistics for the United States. Rather, in such circumstances, in the absence of obvious drivers for growth, our market share will stand with slight increase on yesterday's closing levels in anticipation of macroeconomic data from the ocean. Today, in addition, in our opinion, the key to this week's consumer confidence index for August (18.00 Moscow time) will come more data on price indexes for the house from both agencies (SP and the Federal Housing Finance Agency). And if the positive trend in real estate prices are unlikely to doubt someone in the market, the index of consumer confidence in continuing the extremely tense situation in the U.S. labor market is a major risk to growth in stock market indices today. And, apparently, these data will be crucial for the financial markets before the end of the week.
We suggest to refrain from active operations on the market before the release of statistics, and only if the encouraging data on the index of consumer confidence and the breakdown of the MICEX Index mark 1,130 points to increase their long positions, particularly on the most liquid securities of oil and gas sector.
key corporate event today should be a meeting of the Supervisory Council of VTB, which will be determined by the offering price of shares in the additional issue. We expect that the offering price is higher than the market for more than 13%, which would break the bank stock quotes, finally, the resistance level of 0.0450 rubles. and go upstairs.
Your grade will be the first!
Analyst Ratings
Railways will take part in the comprehensive development of the Ulaanbaatar Railway
Gradually gaining momentum
Yushchenko signed a decree on the imposition of a nationwide discussion of the draft amendments to the Constitution
Aksakov: Ruble looks preferable to the yuan as a new reserve currency
In the afternoon the market in Russia is possible to activate purchases
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Finam downgraded shares of IDC Center and Volga Region
Overview of the oil market for 24.08.09
Asia: bad news swept away the wave of interest to purchase