Russia
Basic number of shares of U.S. equity trading platforms have completed the session in negative zone, among which the leaders noted the paper of the financial sector of the market. The reason for this dynamic to a statement by SunTrust Banks Inc. that the creditors will once again be faced with the increasing number of losses, and commercial real estate sector likely will remain in the sleepy state until the end of 2010. At the same time, market rates of oil, as 10 month high, pulled for an energy sector of the market, also reached maximum levels during the last five trading sessions.
Our Opinion
Given the negative mood of confident Asian sites in conjunction with a similar state of the hydrocarbons market and the closing of the auctions in the United States, the previous testing MICEX index upper bound side of the corridor in 1120p. likely to bring to a rollback of the domestic market during the first half of the trading session. Against the background of achieving the level of resistance in 49,4 pp. ordinary shares of Sberbank, the reduction of the banking sector to foreign markets will be more likely reason for the downward trend in shares of banks in Russia. After the positive support from the commodity before, the upcoming dynamics are more likely to be directed in the opposite direction.
Europe
European stock markets finished the auctions on Monday peak of almost 10 months due to the gains of the banking and mining sectors, which followed a good macroeconomic data and comments from some central banks. Pan-European index of blue chip on the FTSEurofirst 300 rose 0.75 percent to 974.08 points - the highest level since early November. In the banking sector stock quotes Standard Chartered, Barclays, Lloyds, Royal Bank of Scotland, UBS and Societe Generale rose by 1,5-6,8 percent. The volume of industrial orders in the euro zone in June 2009 increased by 3,1 percent in monthly terms and fell by 25.1 percent - an annual, statistical agency Eurostat reported Monday.
| FT-SE 100 |
45.34 |
0.93% |
| DAX |
57.01 |
1.04% |
| CAC40 |
36.36 |
1.01% |
Asia
Asian markets show negative dynamics against a background of disappointing data on the profits of Chinese companies, the growth of interest in government bonds and the possible growth of losses in the credit industry. These factors have reduced the interest in risky assets. In turn, lower commodity prices has led to the fall of the Australian and South African currencies. Jiangxi Copper Co. - Has lost more than 6% in trading in Shanghai after the publication of the results of the first half of 2009. Quarterly profit fell by 61% on the previous period. Aluminum Corp. of China Ltd. - Published the loss for 3 consecutive quarters, lost 2.5% at the auctions in Hong Kong. Aluminum Corp. of China Ltd. - One of the largest financial institutions in South Korea also fell by 2,1% in connection with the dynamics of overseas colleagues, and SunTrust Banks.
| NIKKEI 225 |
-83.69 |
-0.79% |
| HANG SENG INDEX |
-187.94 |
-0.92% |
| SHANGHAI SE A SHARE INDX |
-81.62 |
-2.60% |
| SHANGHAI SE B SHARE INDX |
-2.90 |
-1.45% |
| KOSPI INDEX |
-10.84 |
-0.67% |
U.S.
The American stock market on Monday closed at almost the same level, but in the negative zone, as investors decided to take a break after continuous growth for four consecutive sessions, in addition to further growth prevented the failure of financial and technological sectors. Originally trading on Wall Street were so successful that it was possible to count on the continuation of the rally, which resulted in the major indexes surged to a 10-month peaks against a background of optimism about the global economy. However, the sharp rise in price of U.S. Treasuries with a simultaneous decrease in their profitability caused the sale of shares.
| DJIA |
3.32 |
0.03% |
| SP 500 |
-0.56 |
-0.05% |
| NASDAQ COMPOSITE INDEX |
-2.92 |
-0.14% |
| NASDAQ 100 |
-3.00 |
-0.18% |
Closure Trading ADR GDR in the western areas was of multidirectional nature.
| Gazprom |
-0,80% |
| Rosneft |
0,95% |
| Surgutneftegaz |
0,92% |
| Norilsk Nickel |
-0,52% |
| Rostelecom |
-2,20% |
| Gazpromneft |
0,12% |
Prices are per 1 share
* ratio of closing price of receipts on U.S. exchanges and Europe to the closing price of shares on the MICEX.
Recommendations : From the main macroeconomic statistics pay attention to consumer confidence in August in the U.S. and the index of business activity in the manufacturing sector of Richmond. The data will be published at 18-00 Moscow time.
MICEX (daily chart)
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Previous testing of the MICEX index upper bound side of the corridor in 1120 brought forth rollback of the domestic market in the first half of the trading session
Russia
Basic number of shares of U.S. equity trading platforms have completed the session in negative zone, among which the leaders noted the paper of the financial sector of the market. The reason for this dynamic to a statement by SunTrust Banks Inc. that the creditors will once again be faced with the increasing number of losses, and commercial real estate sector likely will remain in the sleepy state until the end of 2010. At the same time, market rates of oil, as 10 month high, pulled for an energy sector of the market, also reached maximum levels during the last five trading sessions.
Our Opinion
Given the negative mood of confident Asian sites in conjunction with a similar state of the hydrocarbons market and the closing of the auctions in the United States, the previous testing MICEX index upper bound side of the corridor in 1120p. likely to bring to a rollback of the domestic market during the first half of the trading session. Against the background of achieving the level of resistance in 49,4 pp. ordinary shares of Sberbank, the reduction of the banking sector to foreign markets will be more likely reason for the downward trend in shares of banks in Russia. After the positive support from the commodity before, the upcoming dynamics are more likely to be directed in the opposite direction.
Europe
European stock markets finished the auctions on Monday peak of almost 10 months due to the gains of the banking and mining sectors, which followed a good macroeconomic data and comments from some central banks. Pan-European index of blue chip on the FTSEurofirst 300 rose 0.75 percent to 974.08 points - the highest level since early November. In the banking sector stock quotes Standard Chartered, Barclays, Lloyds, Royal Bank of Scotland, UBS and Societe Generale rose by 1,5-6,8 percent. The volume of industrial orders in the euro zone in June 2009 increased by 3,1 percent in monthly terms and fell by 25.1 percent - an annual, statistical agency Eurostat reported Monday.
Asia
Asian markets show negative dynamics against a background of disappointing data on the profits of Chinese companies, the growth of interest in government bonds and the possible growth of losses in the credit industry. These factors have reduced the interest in risky assets. In turn, lower commodity prices has led to the fall of the Australian and South African currencies. Jiangxi Copper Co. - Has lost more than 6% in trading in Shanghai after the publication of the results of the first half of 2009. Quarterly profit fell by 61% on the previous period. Aluminum Corp. of China Ltd. - Published the loss for 3 consecutive quarters, lost 2.5% at the auctions in Hong Kong. Aluminum Corp. of China Ltd. - One of the largest financial institutions in South Korea also fell by 2,1% in connection with the dynamics of overseas colleagues, and SunTrust Banks.
U.S.
The American stock market on Monday closed at almost the same level, but in the negative zone, as investors decided to take a break after continuous growth for four consecutive sessions, in addition to further growth prevented the failure of financial and technological sectors. Originally trading on Wall Street were so successful that it was possible to count on the continuation of the rally, which resulted in the major indexes surged to a 10-month peaks against a background of optimism about the global economy. However, the sharp rise in price of U.S. Treasuries with a simultaneous decrease in their profitability caused the sale of shares.
Closure Trading ADR GDR in the western areas was of multidirectional nature.
Prices are per 1 share
* ratio of closing price of receipts on U.S. exchanges and Europe to the closing price of shares on the MICEX.
Recommendations : From the main macroeconomic statistics pay attention to consumer confidence in August in the U.S. and the index of business activity in the manufacturing sector of Richmond. The data will be published at 18-00 Moscow time.
MICEX (daily chart)
2; user rated material at 2.
Analyst Ratings
Review of the FOREX market for 24.08.09
GM is looking for other options for Opel, might refuse to support Germany
Slad Mazo
Because of the sluggishness officials pripozdnilas country with importation of cheap sugar …
Forex - Asia
From a technical point of view, the papers of MMC Norilsk Nickel and Sberbank formed the preconditions for growth
After strong increase in the auction on Monday, shares of AvtoVAZ now showing bear price correction
In the long term in Russia's market remains a good potential for growth
PROTEC filed for bankruptcy Veropharm for debt Pharmacy Chain 36.6
Finam tells about strategy strategies