Results G20 summit evaluated positively by investors neutral
On Friday, Russia's stock indices traded on a green field. Rising futures on U.S. indices (SP 0,31%), positive dynamics of the European indices (FTSE 0,6%) and correction of the upward price of oil (Brent $ 65,4 /bbl, 0.9%) were more likely to succeed for the game to increase.
The first reports around the summit B20 suggests that the heads of state are not going to abandon measures of monetary and fiscal incentives, so as not to strangle the recovering economy. Nevertheless, the summit failed to reach agreement on restricted bonuses commensurate with net banking income, when they pose a threat to the level of capitalization of the credit institution.
G20 leaders also agreed on the reform of quotas in the share capital of the International Monetary Fund (IMF) to strengthen the role of developing countries. We believe that this process is long-term goal - the beginning of creation in post-crisis world supranational reserve currency.
We can say that the first results of G20 summit evaluated positively by investors neutral. However, there are some worrying moments, which in the short term, may again affect the mood of investors. The latest decision of the Federal Reserve cut in the coming months two programs to provide liquidity (TAF and TSLF) can be perceived as another step toward the exit policy supercheap money. Fresh paper is one of the Fed Kevin Vorsha village, in which he spoke about the possibility of rapid folding of anti-crisis program, also does not add to the desire of players to active speculation. Seems, therefore, spread a 3-month LIBOR /OIS dollar widened to 11.35 basis points against 10,913 bp Thursday.
Despite the fact that on MICEX today, leaders of growth in the most liquid stocks, in general, trading activity remains quite modest. There is a chance that by the evening of our market will trade a little higher, and by early next week we get back above the 1,200 points on the MICEX. However, above all, the U.S. indexes must exit the smooth decline of recent days, and the oil returned to the Comma delimited with the boundaries of 67-72 dollars /barrel.
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Analyst Ratings
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Russia market still traded near the local maxima from the beginning of the year
Futures on the RTS continue to bargain in bekvordatsii to 22 points
IDC Holding: Preparing network companies to PTD is in accordance with the schedule
Overview of the oil market for 24.09.09
Roubini: The Second Great Depression has been avoided thanks to lessons from the mistakes of depression 1930.
The head of the NBU council Poroshenko predicts appoint the head of the National Bank after the election of the President
On Russia's market leaders in growth stocks of the energy and metallurgical sectors
Top gainers were paper Norilsk Nickel and Sberbank adds 2,7% and 2% respectively
Weak market looked Paper Surgutneftegaz and RusHydro, fallen in price by 9,3% and 3,8% respectively
On the MICEX today, leaders of growth in the most liquid stocks, but overall trading activity remained rather modest
Results G20 summit evaluated positively by investors neutral
On Friday, Russia's stock indices traded on a green field. Rising futures on U.S. indices (SP 0,31%), positive dynamics of the European indices (FTSE 0,6%) and correction of the upward price of oil (Brent $ 65,4 /bbl, 0.9%) were more likely to succeed for the game to increase.
The first reports around the summit B20 suggests that the heads of state are not going to abandon measures of monetary and fiscal incentives, so as not to strangle the recovering economy. Nevertheless, the summit failed to reach agreement on restricted bonuses commensurate with net banking income, when they pose a threat to the level of capitalization of the credit institution.
G20 leaders also agreed on the reform of quotas in the share capital of the International Monetary Fund (IMF) to strengthen the role of developing countries. We believe that this process is long-term goal - the beginning of creation in post-crisis world supranational reserve currency.
We can say that the first results of G20 summit evaluated positively by investors neutral. However, there are some worrying moments, which in the short term, may again affect the mood of investors. The latest decision of the Federal Reserve cut in the coming months two programs to provide liquidity (TAF and TSLF) can be perceived as another step toward the exit policy supercheap money. Fresh paper is one of the Fed Kevin Vorsha village, in which he spoke about the possibility of rapid folding of anti-crisis program, also does not add to the desire of players to active speculation. Seems, therefore, spread a 3-month LIBOR /OIS dollar widened to 11.35 basis points against 10,913 bp Thursday.
Despite the fact that on MICEX today, leaders of growth in the most liquid stocks, in general, trading activity remains quite modest. There is a chance that by the evening of our market will trade a little higher, and by early next week we get back above the 1,200 points on the MICEX. However, above all, the U.S. indexes must exit the smooth decline of recent days, and the oil returned to the Comma delimited with the boundaries of 67-72 dollars /barrel.
Your score will bethe first!
Analyst Ratings
Russia market still traded near the local maxima from the beginning of the year
Futures on the RTS continue to bargain in bekvordatsii to 22 points
IDC Holding: Preparing network companies to PTD is in accordance with the schedule
Overview of the oil market for 24.09.09
Roubini: The Second Great Depression has been avoided thanks to lessons from the mistakes of depression 1930.
The head of the NBU council Poroshenko predicts appoint the head of the National Bank after the election of the President
On Russia's market leaders in growth stocks of the energy and metallurgical sectors
Top gainers were paper Norilsk Nickel and Sberbank adds 2,7% and 2% respectively
Weak market looked Paper Surgutneftegaz and RusHydro, fallen in price by 9,3% and 3,8% respectively