The question of the continuation of the correction in Russia market remains open

Last week for Russia”s stock market was corrective, helped by technical factors as well as external information background. As a result, the MICEX index fell by 2,91%, RTS has lost 4,48%.

First, a correction affected metal sector stocks, after strong growth in early January. Also worse than the market during the week looked like oil and gas issuers, act out decline in oil prices. Restoration of these securities in the near future will depend on the situation on the raw areas.

In general, the issue continued correction in Russia”s market remains open, and his decision will affect the dynamics of foreign stock indexes, as well as regular reports of American corporations. This week”s report will be primarily issuers technology and consumer sectors. Banks clarity in the situation is not made, because the data proved to be better, and worse than forecasts. Nevertheless, investors seem quite optimistic about corporate profits, but this means that a release is possible profit-taking in the market, even if unpleasant surprises can be avoided.

In the coming days, attention will return to makrostatistike, in particular, the results of the meeting the U.S. Federal Reserve, estimates of U.S. GDP for the IV quarter of 2009, as well as data on the housing market of the country. If the publication will support the dollar, domestic indices may fall even lower, which will open interesting opportunities for shopping. In this case, those investors who want to build up positions on more favorable terms, could this week to wait.

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