Russia stock market opened the week lower smoothly, despite a flurry of negative factors. RTS index lost 2.1% to 1,066.53 and the MICEX 1.74%, falling to 1,091.98. The day began with a negative pressure of the Chinese sites, which collapsed yesterday because of weak corporate results, giving rise to other colleagues on the shop floor to speculate about the negative signals and premature optimism about the global economy out of crisis. In particular, the U.S. saw in this area rise to a sharp decline at its opening, although our market is sufficiently reacted calmly to this. More painful for Russia's stocks hit lower oil quotations, which last tested during our session on the strength of a mark of $ 70. Nevertheless, even in such a negative external background were found willing to buy, so have continued to win back news about the transition to a new system of tariffs, some shares of power grid companies. Growing up individual stocks only the lower echelons, while the blue chips have become a heavy burden for Russia's indexes. European stock markets yesterday, finished the day in negative zone, while Britain yesterday rested. Its negative imprint on investor sentiment has left Asia collapsed, severely affecting the securities steel companies, as China's Baoshan Iron Steel reported an earnings drop of 93% in I half-year. In addition, a strong drop in the Chinese indices affected the oil quotations, where the situation developed yesterday on the negative scenario on fears about the real state of affairs in the economy of one of the leading consumer of oil. Equally disappointing were reports from European companies. Once again, hit the automobile industry, as well as a consulting company Roland Berger forecasted decline in sales next year. The banking sector dovleli weak accountability Banco Popolare and worries that the Irish government can reduce the buy-back program bad credit.
American share platforms were yesterday negative influence from China, and not being able to finally overcome him. Agony as bidders, and the recent news that the Chinese government plans to restrict the volume of bank loans and excess industrial capacity, which added sales. The index of business activity at the opening, surpassed the forecast, could not outweigh the negative, prevailed in the world. In the center of paper sales were primarily resource companies because of the cheapening of metals and oil. The financial sector fell because of the recommendations of the Barron s sell shares in Citigroup Inc and American International Group Inc, which are significantly gaining weight during the last month. Mitigate the situation was partly due to news of the agreement reached on the merger, so the company Walt Disney Company has reached an agreement to acquire Marvel Entertainment, a similar operation provernuli oilfield Baker Hughes Inc. and Baker Hughes Inc.
Asian stock exchanges today are moving up again, thanks to news from China. Industrial production in this country has grown in comparison with previous months, which graded yesterday's fears. In addition, corporate reports today are directly opposite nature, showing growth of profits.
Russia stock market opening slightly adjusted his position as Asia now restored. MICEX again today, will storm the level of 1100, where he even gets a chance to gain a foothold, if the price of black gold otvoyuet level of $ 70. Besides, today is expected a large block of statistics that can calm yesterday raised concerns about the state of the world economy. If this does not happen, the MICEX index can go down to 1080, but with a significant deterioration in macroeconomic indicators, it may retreat to 1060.
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Analyst Ratings
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Quotes of the ruble against the dollar and against the currency basket of the MICEX are 31,78 and 38,06 rubles
Confident build positions in contracts, Gazprom continues
On the NYMEX the October London Brent crude adjusted up and added 0,62%
The dynamics of today's trading will depend on whether Brent consolidates above the 70 dollars per barrel
Papers of Russia's oil and gas sector now have a good technical potential for rebound
Likely to happen in the morning of speculative attacks by the bulls, because of oil prices
Trading day Monday at the international currency market was quite volatile
Yesterday, the euro /dollar at the U.S. session, rose 100 points to level 1.4365
Forex Market 01/09/2009
MICEX today will storm the level of 1100, where he will get a chance to gain a foothold, if the price of black gold level otvoyuet $ 70
Russia stock market opened the week lower smoothly, despite a flurry of negative factors. RTS index lost 2.1% to 1,066.53 and the MICEX 1.74%, falling to 1,091.98. The day began with a negative pressure of the Chinese sites, which collapsed yesterday because of weak corporate results, giving rise to other colleagues on the shop floor to speculate about the negative signals and premature optimism about the global economy out of crisis. In particular, the U.S. saw in this area rise to a sharp decline at its opening, although our market is sufficiently reacted calmly to this. More painful for Russia's stocks hit lower oil quotations, which last tested during our session on the strength of a mark of $ 70. Nevertheless, even in such a negative external background were found willing to buy, so have continued to win back news about the transition to a new system of tariffs, some shares of power grid companies. Growing up individual stocks only the lower echelons, while the blue chips have become a heavy burden for Russia's indexes. European stock markets yesterday, finished the day in negative zone, while Britain yesterday rested. Its negative imprint on investor sentiment has left Asia collapsed, severely affecting the securities steel companies, as China's Baoshan Iron Steel reported an earnings drop of 93% in I half-year. In addition, a strong drop in the Chinese indices affected the oil quotations, where the situation developed yesterday on the negative scenario on fears about the real state of affairs in the economy of one of the leading consumer of oil. Equally disappointing were reports from European companies. Once again, hit the automobile industry, as well as a consulting company Roland Berger forecasted decline in sales next year. The banking sector dovleli weak accountability Banco Popolare and worries that the Irish government can reduce the buy-back program bad credit.
American share platforms were yesterday negative influence from China, and not being able to finally overcome him. Agony as bidders, and the recent news that the Chinese government plans to restrict the volume of bank loans and excess industrial capacity, which added sales. The index of business activity at the opening, surpassed the forecast, could not outweigh the negative, prevailed in the world. In the center of paper sales were primarily resource companies because of the cheapening of metals and oil. The financial sector fell because of the recommendations of the Barron s sell shares in Citigroup Inc and American International Group Inc, which are significantly gaining weight during the last month. Mitigate the situation was partly due to news of the agreement reached on the merger, so the company Walt Disney Company has reached an agreement to acquire Marvel Entertainment, a similar operation provernuli oilfield Baker Hughes Inc. and Baker Hughes Inc.
Asian stock exchanges today are moving up again, thanks to news from China. Industrial production in this country has grown in comparison with previous months, which graded yesterday's fears. In addition, corporate reports today are directly opposite nature, showing growth of profits.
Russia stock market opening slightly adjusted his position as Asia now restored. MICEX again today, will storm the level of 1100, where he even gets a chance to gain a foothold, if the price of black gold otvoyuet level of $ 70. Besides, today is expected a large block of statistics that can calm yesterday raised concerns about the state of the world economy. If this does not happen, the MICEX index can go down to 1080, but with a significant deterioration in macroeconomic indicators, it may retreat to 1060.
2; user rated material on 4,5.
Analyst Ratings
Quotes of the ruble against the dollar and against the currency basket of the MICEX are 31,78 and 38,06 rubles
Confident build positions in contracts, Gazprom continues
On the NYMEX the October London Brent crude adjusted up and added 0,62%
The dynamics of today's trading will depend on whether Brent consolidates above the 70 dollars per barrel
Papers of Russia's oil and gas sector now have a good technical potential for rebound
Likely to happen in the morning of speculative attacks by the bulls, because of oil prices
Trading day Monday at the international currency market was quite volatile
Yesterday, the euro /dollar at the U.S. session, rose 100 points to level 1.4365
Forex Market 01/09/2009