Stock markets inflated bubble that will burst soon enough

Objectives almost reached

Russia

had only to say about slowdown in Russia's stock market, as its dynamics has accelerated, so, so much the worse for the market: RTS index yesterday rose 4.08% and the MICEX index rose to 3.77%. Trading volume on the RTS stock exchange amounted to $ 5.08 billion, of which $ 3.08 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section to gain by selling 218.7 billion, turnover in the index amounted to 94.2 billion rubles.

the stars of the day turned out to WGC (12,5-30,5%) - the idea that the growth rate IDC, in turn, lead to an increase in electricity tariffs and will benefit the generating company. While difficult to judge how such ideas are justified, but judging by the dynamics of quotations of interest to the generation definitely is.

Stock markets around the world are growing in spite of the fundamental statistics and not particularly paying attention to put it mildly, modest achievements of the corporate sector. The whole blame for monetization by the Fed and other central banks around the world - instead of loans for the real sector, banks are driving the liquidity back to where it will be easy to remove when it becomes hot. And it will be hot, and very - in the stock markets inflated bubble that will burst soon enough. Unlikely to be repeated last year's story, but a cold sweat will shed a lot.

opening of trading on Russia's stock market should be held with a break down in the range 0,5-1%. The amount of the gap will depend on the dynamics of Asian sites, and oil futures closer to the beginning of trading in Russia. Futures on Brent oil traded slightly above $ 71.75, futures on WTI crude oil cost about $ 73,5 (December contract at 9-30 Moscow time).

America and Europe

indexes of the New World ended yesterday in a range from 0 to 0.4% - Columbus Day was a weekend apparently was not (it will be necessary to examine more closely the concept of national holidays in the U.S.).

indices of the Old World have increased by an average of 0,7% against the background of good reporting Royal Philips Electronics, as well as the next wave of promotions recommendations on companies by leading analysts.

raw materials, currency and so on

Oil prices reached highs in the district this year, it is quite possible assault on $ 75. Gold prices continued to garner about $ 1050, very little in response to external and internal stimuli. The U.S. dollar fell in the area of its local minima.

Statistics and Reporting

Today 12-30 (Moscow time) is published by the Consumer Price Index in the UK, 13-00 (Moscow time) published an index of economic sentiment in Germany and the euro area, at 22-00 (Moscow time) leave the data on balance the U.S. federal budget . Reporting to Johnson Johnson, Intel and CSX Corporation (the largest in the U.S. railway company).

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Analyst Ratings


Forecasts of analysts: Russia's stock market threatens profit-taking in anticipation of overlooking the end of the week in the U.S. an important macroeconomic statistics
Growth stocks WGC for news about running in next year's market power can bring in these papers, speculatively minded players
The euro /dollar managed to recover at levels close to 1.48, with support from the corporate securities market and the commodity segment
In the medium term, the stock markets continue to rise, but now take a breather
If our platform will support an external background, we can expect the market continued upward movement
Russia market far outstrips the rate of growth of developing neighbors and looks sprinting against the backdrop of world markets
Against the background of neutral oil prices better than the market today may look like the paper of the banking sector
Shares of Russia's oil and gas sector at the start of the trading session may be adjusted after the rapid growth before
Today is expected to attempt correction, the RTS index will open with a gap down to 0,2-0,5%

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