RTS after three days of correction againrenews its earlier highs this year, rushing all the above. Stabilized near the level of $ 70 per barrel Brent oil futures quotes and then adds after America of about 0.5%, European stock indexes support the optimism in Russia stock market. In leaders of today's rise is traditionally the most fast paper on the domestic market - industry (3% of Severstal, MMC Nornickel 3%, Mechel 6%, Raspadskaya 12%) and Sberbank (5%). Putin's statement on the permissibility of not reducing the money supply and reduce the budget expenditures made at the meeting of the Government of Russia, only strengthens investors' fears about rising inflation, forcing the latter to take on more risk by increasing investments in equities. At the same time in our market deserve the attention of investors in the first paper with a maximum coefficient beta, and not having the greatest potential for growth, indicating that increasing the speculative component in today's movements in the market. Despite the fact that the market is unanimous that the Fed will increase its estimate of the current state of the U.S. economy and reaffirming its commitment to keep rates low for a long period of vigorous buying shares in anticipation of today's meeting, several disturbing. Because the players in the market is increasingly oriented to technical factors and the dynamics of foreign markets, it is advisable to remain, to focus on transactions with shares of blue chips, although the desire to pick up has not yet grown out of a paper 2.3-tier could be very strong.
We continue to look optimistically to the market in the remaining time before the end of September, however, want to draw attention to two pieces of news. The first - the message that the U.S. Fed begins to discuss the issue with dealers on the partial withdrawal from the market liquidity. Thus, the market received a further signal that the monetary contraction in the U.S., intensified in August, according to the Conference Board, may be continued. Removal of excess liquidity can somewhat dampen enthusiasm bulls, drove stock indicators at 30-100% since the beginning of the year. But largely it will depend on the extent and speed of withdrawal of money from the market. Other news is potentially negative for equity markets is the prospect of increasing demands for capital to banks. As expected, this issue, among other measures to strengthen the stability of the global financial system will be discussed at the summit of the Twenties. While tightening requirements for banks will happen no earlier than 1-2 years, the backlash in the shares of financial institutions may be in the short term. In this regard, once again draw attention to the Savings Bank, once again approaching the 63 rubles per share - a level that is not only a peak this year, but 50%-s the level of correction to last year's collapse.
As for today's statistics, released at 11.30 IST and 12.00 IST data on PMI Germany and the EU were generally worse than forecasts. In particular, the PMI industry in Germany could not overcome 50 points that does not allow to talk about the resumption of growth in the sector. Until the end of trading in Russia remains only to wait for data on oil reserves of petroleum products in the U.S. (18.30 Moscow time). Expected to decline by 1.4 million barrels. oil and an increase of 0.5 million barrels. on petrol. However, the data API released at night indicate a sharp increase (by 3.8 million barrels.) Stocks of gasoline and almost constant stocks of crude oil.
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Analyst Ratings
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Asia: Brownian motion of index continues
Dollar exchange rate is saved without changes - day review of cash markets
G20 may designate the IMF's control over the crisis
Kiev predicting problems with the heating season
During the game taken seriously
Analysis of the Futures and Options on RTS Index
Russia needed socio-economic reforms
Board of Directors MZ created a military-technical committee
Yulia Tymoshenko: Privatization Odessa port plant will be held on September 29
RTS updated highs, the rapidly growing steel companies of paper: Severstal (3%), Mechel (6%), Raspadskaya (12%)
RTS after three days of correction againrenews its earlier highs this year, rushing all the above. Stabilized near the level of $ 70 per barrel Brent oil futures quotes and then adds after America of about 0.5%, European stock indexes support the optimism in Russia stock market. In leaders of today's rise is traditionally the most fast paper on the domestic market - industry (3% of Severstal, MMC Nornickel 3%, Mechel 6%, Raspadskaya 12%) and Sberbank (5%). Putin's statement on the permissibility of not reducing the money supply and reduce the budget expenditures made at the meeting of the Government of Russia, only strengthens investors' fears about rising inflation, forcing the latter to take on more risk by increasing investments in equities. At the same time in our market deserve the attention of investors in the first paper with a maximum coefficient beta, and not having the greatest potential for growth, indicating that increasing the speculative component in today's movements in the market. Despite the fact that the market is unanimous that the Fed will increase its estimate of the current state of the U.S. economy and reaffirming its commitment to keep rates low for a long period of vigorous buying shares in anticipation of today's meeting, several disturbing. Because the players in the market is increasingly oriented to technical factors and the dynamics of foreign markets, it is advisable to remain, to focus on transactions with shares of blue chips, although the desire to pick up has not yet grown out of a paper 2.3-tier could be very strong.
We continue to look optimistically to the market in the remaining time before the end of September, however, want to draw attention to two pieces of news. The first - the message that the U.S. Fed begins to discuss the issue with dealers on the partial withdrawal from the market liquidity. Thus, the market received a further signal that the monetary contraction in the U.S., intensified in August, according to the Conference Board, may be continued. Removal of excess liquidity can somewhat dampen enthusiasm bulls, drove stock indicators at 30-100% since the beginning of the year. But largely it will depend on the extent and speed of withdrawal of money from the market. Other news is potentially negative for equity markets is the prospect of increasing demands for capital to banks. As expected, this issue, among other measures to strengthen the stability of the global financial system will be discussed at the summit of the Twenties. While tightening requirements for banks will happen no earlier than 1-2 years, the backlash in the shares of financial institutions may be in the short term. In this regard, once again draw attention to the Savings Bank, once again approaching the 63 rubles per share - a level that is not only a peak this year, but 50%-s the level of correction to last year's collapse.
As for today's statistics, released at 11.30 IST and 12.00 IST data on PMI Germany and the EU were generally worse than forecasts. In particular, the PMI industry in Germany could not overcome 50 points that does not allow to talk about the resumption of growth in the sector. Until the end of trading in Russia remains only to wait for data on oil reserves of petroleum products in the U.S. (18.30 Moscow time). Expected to decline by 1.4 million barrels. oil and an increase of 0.5 million barrels. on petrol. However, the data API released at night indicate a sharp increase (by 3.8 million barrels.) Stocks of gasoline and almost constant stocks of crude oil.
2; user rated material 5.
Analyst Ratings
Asia: Brownian motion of index continues
Dollar exchange rate is saved without changes - day review of cash markets
G20 may designate the IMF's control over the crisis
Kiev predicting problems with the heating season
During the game taken seriously
Analysis of the Futures and Options on RTS Index
Russia needed socio-economic reforms
Board of Directors MZ created a military-technical committee
Yulia Tymoshenko: Privatization Odessa port plant will be held on September 29