The growth of world indices and foreign exchange intervention, the Central Bank indicate a weakening of positions vendors in the Russian market

Yesterday

Stock trading ended yesterday, the growth indices. At the end of the trading the MICEX index rose by 1.13% - to 881.15 points and the RTS index - on 0,05% - to 835.61 points.

Bidding opened gepom down, but in the afternoon, indexes started to move to the positive territory. The main focus for the players are oil prices and futures on U.S. indices. Quotations August mark WTI crude oil futures went to levels above $ 60 a barrel, and that was the reason for shopping at the Russian sites. Also, positive players added currency intervention CB. In the morning bivalyutnoy basket price reached another record, rising to 38.98 rubles. However, the Central Bank intervention helped ruble win back the lost positions, and on the day of trash has stabilized at 38.6 rubles. As a result, the dollar rose to the ruble by 50 kopecks., To 33 rubles. After purchasing the currency from the Bank of Russia the market turned and the ruble to a basket strengthened.

However, after opening in the U.S., the prices of black gold began to decline. In turn, stock prices of leading Russian companies retreated from their daily highs.

U.S. market

Trades in the United States on Monday, also ended in the growth of stock indices. Investors actively bought up shares of banks and industrial companies in anticipation of the publication of a large number of quarterly reports this week.

At the end of the trading index of blue chips Dow Jones Industrial Average rose 185.16 point, or 2.2%, to 8332 points. The index of wide market growth of SP 500 was closed at 21.92 point, or 2.5%, at around 901.05 points. High tech Nasdaq Composite closed at 37.18 point increase in, or 2.1%, at around 1793 points.

Today will publish their reports from Intel and Johnson Johnson. Shares of these companies grew by 2.8% and 1.3% respectively.

Capitalization Goldman Sachs rose by 5.1% against the background of recommendations for improving the bank's shares to neutral to buy on the part of analysts Meredith Whitney Advisory Group. In their view, the target rate securities Goldman Sachs at $ 186.

Looking at the daily schedule of SP 500, the whole world is watching the same movie and have a purpose intention 820 pp. However, it is worth noting that the formation of head-shoulders is triggered only rarely. Therefore, it is very likely a false movement, of which we will be witnessing in the coming days.

In connection with the corporate reporting season, many experts predict that the cessation of rally on the bear market. However, it would be too easy. Bear trap before the inevitable collapse!

Oil

The price of oil on Monday closed a small decline against the backdrop of concerns of traders about the low demand for black gold and oil. The reason for the concern of the bidders were still Friday macroeconomic news from the United States. The index of consumer confidence in the United States in mid-July fell by 6.2 points to 64.6 points. Analysts had hoped that the significance of this figure will reach 71 - 73 points.

As a result of trades on NYMEX August futures for the supply of oil WTI cheaper brand at $ 0.20 to $ 59.69 a barrel. During the bidding price of oil fell to $ 58.32 a barrel.

Asia

Stock Indexes Asia today demonstrate the positive momentum. Japanese Nikkei, rising more than 2.5%, the index of wide market Topix at 2.8%. Korean Kospi adds more than 3%. Chinese CSI 300 INDEX growing at 2.3%. On the mood of the players had a positive impact of the closure of American playgrounds. Yen against the U.S. currency is now trading at 93 - 93.13.

Today

External background at the opening of tenders in Russia - was positive. Sure the growth of American indices, the consolidation of prices above $ 60, with confidence growing Asia will certainly have a strong support to the domestic stock market.

MICEX index adjusted to the standard 30% - from the 1226 to 852 points. Therefore, with these levels you can play rebound. Recommended for the purchase of paper: Sberbank (the price reached the p /b = 1 and below, plus the positive reports of American banks), Rosneft (felt a serious purchase, and thus reduce the potential for very small (a stop order at 150), and Lukoil (level 1300 was a very strong support).

The growth of world indices, consolidation in oil prices above $ 60 as well as foreign exchange intervention, the Central Bank indicate a weakening of positions vendors in the Russian stock market.

Authorize and appreciate the story;;

Your grade will be the first!


Analyst Ratings


On FORTS bidders have traditionally shown a strong interest in contracts on RTS index and the Gazprom
At the auction on Monday, the players quickly enough to deal with panic and was not allowed in the Russian market collapse
The bulls there is hope for the preservation outset in the region of 880-1100 points of index MICEX
Shares of Russian oil and gas industry can now enter one of the leaders
In the afternoon, the bidders will pay attention to the publication statdannyh United States
July will be a good month for investors
Today, investors are awaiting release reporting Sberbank for 1 st quarter of 2009
At the end of Monday trading on the market shares of the MICEX Stock Exchange amounted to 100.92 billion rubles
Net profit of Sberbank on IFRS for the 1 st quarter of 2009 fell to 600 million rubles

This entry was posted in News and Comments. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>