European markets positively to the forecast of IMF, and data from China
United States
Futures on the SP 500 index increased by 0.8%.
Europe
European markets are growing at auction on Thursday. European FTSE Eurotop 100 index of 0.94%, Britain's FTSE 100 0.68%, German Xetra Dax 1.3%, French Lyxor Cac 40 0.81%.
Investors positively to the IMF forecast growth in sales of cars and in China. Sales of automobiles in China rose in June to a maximum of 3 years the amount of 48%. IMF raises forecast for global economic growth in 2010 to 2.5% against the April forecast of 1.9%. The IMF believes that the main driver of world economic growth would be India and China. This year, according to IMF forecasts, global GDP will decline by 1.4%. Also, representatives of the IMF stated that the global recession had not yet ended, but is moving towards completion, and risks of the banking collapse has decreased.
In the best performing stocks of mining companies. In addition to data from China's support for sector to record the American aluminum giant Alcoa. Losses on the basis of II quarter totaled $ 454 million, or $ 0.47 per share against profit of $ 546 million, or $ 0.66 per share a year earlier. In the I quarter of this year, Alcoa losses totaled $ 497 million, or $ 0.61 per share. Thus, in comparison with I quarter the company reduced losses that occurred, mostly due to higher prices for aluminum at 9% for the period from March to June. During the bidding Alcoa shares added 0.5% after 9% of trades. Anglo American 4.8%, Rio Tinto 3.9%, Vedanta Resources 3.9%, Xstrata 3.1%.
Oil
Oil yesterday went to a level of $ 60 after data on the stocks. According to the U.S. Department of Energy, crude oil stocks for the week fell by 2.9 million barrels. and amounted to 347.3 million barrels. Projected decline in oil reserves at 3.2 million barrels. Stockpiles of gasoline increased by 1.9 million to 213.1 million barrels. Experts expect growth in gasoline stocks by 0.9 million barrels. The growth of oil reserves raises concerns, since it may signal a decline in demand. Spot Brent $ 60.75, WTI $ 60.14. Futures increased by 2%.
Russia
The market opened in the neutral zone, and then began to rise. The positive trend is attributable to the increase in oil futures and U.S. indices. But then the market is back in the neutral zone. At 15:40 Moscow time the MICEX index increased by 0.28%, RTA reduced by 0.19%. Trading volume on the MICEX stock market lower than the national average and account for 24 billion rubles.
rebound oil quotes from $ 60 a positive impact on the oil and gas activities. 1.8% of Lukoil, Gazprom 1.3%, Surgutneftegas 0.6%, 0.3% Rosneft. In the metallurgical sector of mixed dynamics, CMI -0.1%, 2.5% NLMK, Severstal -1.1%, MMC Norilsk Nickel -1.1%. Banks traded unchanged. -0.3% VTB, Sberbank -0.1%
Outlook
Today at 15:00 a decision on the rate reflected the Bank of England, at 16:30 will be data on the number of applications for unemployment benefits. Of the reports is to provide accountability Chevron. If futures for oil will not go in the negative, while the U.S. market will increase, then our market will have the opportunity to partially recover. From a technical standpoint, yesterday, the market kept at the level of support for 900 points on the MICEX index. The next goal is the level of 880 points, but the market will try to consolidate above 900 points. Speculators, I recommend playing on purchases, because local market transaction, but the record profits as the market rebound. Medium-term investors recommend slowly build up positions on the pleadings, I recommend a long-term investors to hold the position.
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Analyst Ratings
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Overview of the oil market for 08.07.09
Overview of the foreign exchange market 09.07.09
Yushchenko: the state budget of 2009 to offset the interest rates on loans to youth shelter
WSJ: Bernanke may be the head of the Federal Reserve at the 2 nd term
Physical meaning
The Earth has gone hand
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 26.48 billion rubles
Russian financial authorities believe that the restoration of oil and gas prices will slow
Futures on the SP 500 index increased by 0.8%
The next goal is the level of 880 points on the MICEX index, but the market will try to consolidate above 900 points
European markets positively to the forecast of IMF, and data from China
United States
Futures on the SP 500 index increased by 0.8%.
Europe
European markets are growing at auction on Thursday. European FTSE Eurotop 100 index of 0.94%, Britain's FTSE 100 0.68%, German Xetra Dax 1.3%, French Lyxor Cac 40 0.81%.
Investors positively to the IMF forecast growth in sales of cars and in China. Sales of automobiles in China rose in June to a maximum of 3 years the amount of 48%. IMF raises forecast for global economic growth in 2010 to 2.5% against the April forecast of 1.9%. The IMF believes that the main driver of world economic growth would be India and China. This year, according to IMF forecasts, global GDP will decline by 1.4%. Also, representatives of the IMF stated that the global recession had not yet ended, but is moving towards completion, and risks of the banking collapse has decreased.
In the best performing stocks of mining companies. In addition to data from China's support for sector to record the American aluminum giant Alcoa. Losses on the basis of II quarter totaled $ 454 million, or $ 0.47 per share against profit of $ 546 million, or $ 0.66 per share a year earlier. In the I quarter of this year, Alcoa losses totaled $ 497 million, or $ 0.61 per share. Thus, in comparison with I quarter the company reduced losses that occurred, mostly due to higher prices for aluminum at 9% for the period from March to June. During the bidding Alcoa shares added 0.5% after 9% of trades. Anglo American 4.8%, Rio Tinto 3.9%, Vedanta Resources 3.9%, Xstrata 3.1%.
Oil
Oil yesterday went to a level of $ 60 after data on the stocks. According to the U.S. Department of Energy, crude oil stocks for the week fell by 2.9 million barrels. and amounted to 347.3 million barrels. Projected decline in oil reserves at 3.2 million barrels. Stockpiles of gasoline increased by 1.9 million to 213.1 million barrels. Experts expect growth in gasoline stocks by 0.9 million barrels. The growth of oil reserves raises concerns, since it may signal a decline in demand. Spot Brent $ 60.75, WTI $ 60.14. Futures increased by 2%.
Russia
The market opened in the neutral zone, and then began to rise. The positive trend is attributable to the increase in oil futures and U.S. indices. But then the market is back in the neutral zone. At 15:40 Moscow time the MICEX index increased by 0.28%, RTA reduced by 0.19%. Trading volume on the MICEX stock market lower than the national average and account for 24 billion rubles.
rebound oil quotes from $ 60 a positive impact on the oil and gas activities. 1.8% of Lukoil, Gazprom 1.3%, Surgutneftegas 0.6%, 0.3% Rosneft. In the metallurgical sector of mixed dynamics, CMI -0.1%, 2.5% NLMK, Severstal -1.1%, MMC Norilsk Nickel -1.1%. Banks traded unchanged. -0.3% VTB, Sberbank -0.1%
Outlook
Today at 15:00 a decision on the rate reflected the Bank of England, at 16:30 will be data on the number of applications for unemployment benefits. Of the reports is to provide accountability Chevron. If futures for oil will not go in the negative, while the U.S. market will increase, then our market will have the opportunity to partially recover. From a technical standpoint, yesterday, the market kept at the level of support for 900 points on the MICEX index. The next goal is the level of 880 points, but the market will try to consolidate above 900 points. Speculators, I recommend playing on purchases, because local market transaction, but the record profits as the market rebound. Medium-term investors recommend slowly build up positions on the pleadings, I recommend a long-term investors to hold the position.
4 users rated material at 3,2.
Analyst Ratings
Overview of the oil market for 08.07.09
Overview of the foreign exchange market 09.07.09
Yushchenko: the state budget of 2009 to offset the interest rates on loans to youth shelter
WSJ: Bernanke may be the head of the Federal Reserve at the 2 nd term
Physical meaning
The Earth has gone hand
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 26.48 billion rubles
Russian financial authorities believe that the restoration of oil and gas prices will slow
Futures on the SP 500 index increased by 0.8%