Results of previous day
On Wednesday disappointing statistics from overseas did not allow Russia”s stock market to stay on the new local peaks.
RTS through the strengthening of Russia”s currency has shown an increase of 0.56% to 1507.15 points, while the MICEX index weakened to 0.39% to 1431.08 points. Trading volumes have increased.
Wednesday morning for the holders of shares Russian companies dawned fairly optimistic. Fuse in the form of data other than PMI in the manufacturing sector in the largest economies of the world, backed by statistics on pending transactions in the housing market, enough to extend a technical rebound up to the U.S. stock market and to update the recent peak in oil prices, which could not but affect the attitudes of domestic market participants. However, pending confirmation in maintaining the growth momentum for reviving the global economy as indicators of PMI is already in the service sector, stock bulls by noon “warmed up” the MICEX index to 1455 points, where they began cautious and wait for the emergence of new reasons for shopping.
Loss of confidence was due to the restoration of the U.S. dollar in international currency markets, where traders found it quite comfortable level of 1.4 for the sales of euros after wagering on the acceptance by the European Commission plan to cut the budget deficit to Maastricht criteria to 2012godu. The growing American currency undermining the stability of oil quotations, that began to irritate speculators and encourage them to partial profit taking. However, expectations of strong macroeconomic data suppressed this process.
Left PMI data in the service sector in the euro area (52.5 against expectations of 53.3) and UK (54.5 against forecasts of 56.1), left an ambivalent impression that, however, was offset by a forecast of strong similar data on the U.S. economy (-1.6% g /g) and the publication of data on retail sa1000les in the euro area, were better than analysts” expectations (-2.4% y /y).
But nevertheless, against the background of increasing negative trends on foreign markets, the desire to “insure” and take profits grew steadily, and in a moment gained a critical mass of supporters. Arisen a wave down were unable to stop the data from ADP in the growth of new jobs in the private sector (-22 000, which is better forecasts, the previous figure was revised to improve). A tender was issued under the curtain ISM services index finally put an end to bold plans for completing the technical downward correction.
indicator showed the growth of business activity (50.5), however, was less optimistic than the forecast (51.0). Taking into account, the fact that service industries occupy a cornerstone position in the overall U.S. economy, market participants were forced to part with some high expectations in the certainty post-crisis recovery and take into account the scenario in prices. Attracted attention and increased sub indices of prices. Smoothed overall impression of increasing sub indices of employment, which reinforced the positive expectations regarding the report on the payrolls of the Ministry of Labor on Friday.
data on stocks of petroleum and petroleum products, published under the curtain of trades in Russia were neutral and only brought volatility in oil markets that many were still in doubt are not forced to carry long positions through the night.
Intraday lower oil prices prevented the leading positions in shares of oil and gas segment (Micex OG -0.52%): Rosneft (-1.81%), Gazprom (0.25%), Lukoil (-0.94%).
Fallen banner was taken up by representatives against any other stagnant in the last days of the energy sector (Micex PWR 0.54%), and metallurgy sector (Micex MM 0.39%). In the latter had a positive effect upward revision of fair prices of its components by analysts UBS.
Financial Sector (Micex FNL 0.17%) by buying securities in the ordinary Savings Bank (0.03%) to remain in positive territory.
In the telecommunications sector (Micex TLC -1.1%) after spurt the previous day failed to maintain the previous results.
Among the most liquid market dynamics have shown the best Uralkaliya shares (4.34%), cut short-term downward trend by raising them on the “target” of analysts Citi, as well as information on improving the Belarusian Potash Company prices of the products supplied to consumers in Brazil.
look at today”s market
On Thursday, Russia”s stock market will show its willingness not to leave the channel upward trend. The desire to lock in profits arising on the previous day because of unfulfilled predictions Purchasing Managers” Index in the service sector is likely to continue to determine, at least in the early afternoon the weather on global stock markets. To a situation will encourage concluded is shaky, the motions trading session on Wall Street (SP 500 -0.6%), where investors were unable to detect significant drivers that could compensate somewhat moderate view on the prospects of GDP. Futures on the U.S. indices, despite the upbeat quarterly reports from Visa and Cisco Systems (SP 500 -0.16%), signal the preservation of correctional attitudes. On the pessimistic view in the morning and sets the course of trading in Asia (Shanghai composite -0.23%, Nikkei 225 -0.46%, Hang Seng -1.34%), as well as the dynamics of the international currency (EUR /USD 1.387), and commodity markets (WTI $ 76.68/barr .).
Under the influence of these factors, Russia”s stock market after a neutral-1000negative discovery might save your course to the south, but the pace of that decline is probably unlikely to be characterized as “threatening.” Based on the data MMBV stock market may fall to a local minimum on Tuesday, 1423 items, where the same line will be short-term trend upward. On these lines, perhaps, the technical signals for the purchase will determine what will facilitate the transition to a parity of forces “bulls” and “bears” and subsequent return to the trajectory of growth. The degree of increase will depend on the nature of emerging data. Today, decisions about interest rates will be the Bank of England (15-00) and ECB (15-45). At 16-30 with the release of data on applications for unemployment benefits and productivity in the United States will hold a press conference of ECB head Jean-Claude Trichet. A little earlier in the 14-00 are data on promzakazam in Germany. In Russia, its reporting under IFRS for the first half of 2009 will present FGC.
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Credit-Rating: Analysis of defaults on bonded debt
rating agency “Credit-Rating, a review is devoted to the analysis of defaults have occurred …
European indexes fell on Wednesday for the first time in 3 days
Forex - results of the day
Analysts” forecasts: domestic exchanges will occur near yesterday”s levels or slightly lower
In the first half of the day in anticipation of the publication of key rates of the Bank of England and the ECB”s strong movement in Russia market unlikely
Strong movement in Russia”s stock market today is not worth waiting
Influence the course of trading today, the U.S. will have statistics on the labor market, as well as data on industrial orders
Domestic indices today will be under pressure from speculative sales, which could cost them about 1% of the capitalization
In the short term “bulls” will be important to defend the support at 1,430 points on the MICEX
Russia”s stock market after a neutral-negative opening can keep downward momentum
Results of previous day
On Wednesday disappointing statistics from overseas did not allow Russia”s stock market to stay on the new local peaks.
RTS through the strengthening of Russia”s currency has shown an increase of 0.56% to 1507.15 points, while the MICEX index weakened to 0.39% to 1431.08 points. Trading volumes have increased.
Wednesday morning for the holders of shares Russian companies dawned fairly optimistic. Fuse in the form of data other than PMI in the manufacturing sector in the largest economies of the world, backed by statistics on pending transactions in the housing market, enough to extend a technical rebound up to the U.S. stock market and to update the recent peak in oil prices, which could not but affect the attitudes of domestic market participants. However, pending confirmation in maintaining the growth momentum for reviving the global economy as indicators of PMI is already in the service sector, stock bulls by noon “warmed up” the MICEX index to 1455 points, where they began cautious and wait for the emergence of new reasons for shopping.
Loss of confidence was due to the restoration of the U.S. dollar in international currency markets, where traders found it quite comfortable level of 1.4 for the sales of euros after wagering on the acceptance by the European Commission plan to cut the budget deficit to Maastricht criteria to 2012godu. The growing American currency undermining the stability of oil quotations, that began to irritate speculators and encourage them to partial profit taking. However, expectations of strong macroeconomic data suppressed this process.
Left PMI data in the service sector in the euro area (52.5 against expectations of 53.3) and UK (54.5 against forecasts of 56.1), left an ambivalent impression that, however, was offset by a forecast of strong similar data on the U.S. economy (-1.6% g /g) and the publication of data on retail sa1000les in the euro area, were better than analysts” expectations (-2.4% y /y).
But nevertheless, against the background of increasing negative trends on foreign markets, the desire to “insure” and take profits grew steadily, and in a moment gained a critical mass of supporters. Arisen a wave down were unable to stop the data from ADP in the growth of new jobs in the private sector (-22 000, which is better forecasts, the previous figure was revised to improve). A tender was issued under the curtain ISM services index finally put an end to bold plans for completing the technical downward correction.
indicator showed the growth of business activity (50.5), however, was less optimistic than the forecast (51.0). Taking into account, the fact that service industries occupy a cornerstone position in the overall U.S. economy, market participants were forced to part with some high expectations in the certainty post-crisis recovery and take into account the scenario in prices. Attracted attention and increased sub indices of prices. Smoothed overall impression of increasing sub indices of employment, which reinforced the positive expectations regarding the report on the payrolls of the Ministry of Labor on Friday.
data on stocks of petroleum and petroleum products, published under the curtain of trades in Russia were neutral and only brought volatility in oil markets that many were still in doubt are not forced to carry long positions through the night.
Intraday lower oil prices prevented the leading positions in shares of oil and gas segment (Micex OG -0.52%): Rosneft (-1.81%), Gazprom (0.25%), Lukoil (-0.94%).
Fallen banner was taken up by representatives against any other stagnant in the last days of the energy sector (Micex PWR 0.54%), and metallurgy sector (Micex MM 0.39%). In the latter had a positive effect upward revision of fair prices of its components by analysts UBS.
Financial Sector (Micex FNL 0.17%) by buying securities in the ordinary Savings Bank (0.03%) to remain in positive territory.
In the telecommunications sector (Micex TLC -1.1%) after spurt the previous day failed to maintain the previous results.
Among the most liquid market dynamics have shown the best Uralkaliya shares (4.34%), cut short-term downward trend by raising them on the “target” of analysts Citi, as well as information on improving the Belarusian Potash Company prices of the products supplied to consumers in Brazil.
look at today”s market
On Thursday, Russia”s stock market will show its willingness not to leave the channel upward trend. The desire to lock in profits arising on the previous day because of unfulfilled predictions Purchasing Managers” Index in the service sector is likely to continue to determine, at least in the early afternoon the weather on global stock markets. To a situation will encourage concluded is shaky, the motions trading session on Wall Street (SP 500 -0.6%), where investors were unable to detect significant drivers that could compensate somewhat moderate view on the prospects of GDP. Futures on the U.S. indices, despite the upbeat quarterly reports from Visa and Cisco Systems (SP 500 -0.16%), signal the preservation of correctional attitudes. On the pessimistic view in the morning and sets the course of trading in Asia (Shanghai composite -0.23%, Nikkei 225 -0.46%, Hang Seng -1.34%), as well as the dynamics of the international currency (EUR /USD 1.387), and commodity markets (WTI $ 76.68/barr .).
Under the influence of these factors, Russia”s stock market after a neutral-1000negative discovery might save your course to the south, but the pace of that decline is probably unlikely to be characterized as “threatening.” Based on the data MMBV stock market may fall to a local minimum on Tuesday, 1423 items, where the same line will be short-term trend upward. On these lines, perhaps, the technical signals for the purchase will determine what will facilitate the transition to a parity of forces “bulls” and “bears” and subsequent return to the trajectory of growth. The degree of increase will depend on the nature of emerging data. Today, decisions about interest rates will be the Bank of England (15-00) and ECB (15-45). At 16-30 with the release of data on applications for unemployment benefits and productivity in the United States will hold a press conference of ECB head Jean-Claude Trichet. A little earlier in the 14-00 are data on promzakazam in Germany. In Russia, its reporting under IFRS for the first half of 2009 will present FGC.
Your score will be the first!
Analyst Ratings
Credit-Rating: Analysis of defaults on bonded debt
rating agency “Credit-Rating, a review is devoted to the analysis of defaults have occurred …
European indexes fell on Wednesday for the first time in 3 days
Forex - results of the day
Analysts” forecasts: domestic exchanges will occur near yesterday”s levels or slightly lower
In the first half of the day in anticipation of the publication of key rates of the Bank of England and the ECB”s strong movement in Russia market unlikely
Strong movement in Russia”s stock market today is not worth waiting
Influence the course of trading today, the U.S. will have statistics on the labor market, as well as data on industrial orders
Domestic indices today will be under pressure from speculative sales, which could cost them about 1% of the capitalization
In the short term “bulls” will be important to defend the support at 1,430 points on the MICEX