By mid-week support for the markets of good corporate reports and makrostatistika clearly weakened. Change the world's leading index - are minimal, and today morning in Asia is dominated by the sale. But the appetite of investors to the risk is still high, as measured by purchases of raw material assets. Crude oil traded near $ 74 a barrel, despite the low demand and expected growth stocks. Domestic Indexes after takeoff at the beginning of the week islikely to be consolidated at the levels achieved (paragraph 1100 of the MICEX), as they must support high oil. Meanwhile, in the event of a turn black gold can be a painful setback to the 1050 section on MICEX.
U.S. stock indexes finished trading on the growth of 0,3%. A very modest performance was due to conflicting makrostatistikoy. On the one hand, data on housing sales exceeded analysts' expectations, providing further evidence in favor of recovery of demand in the real estate sector. The index of pending sales in the real estate market grew by 3.6% in June, the growth rate was already the 5th month in succession. On the other hand disappointed the market data on Americans' incomes, which fell by 1.3% in June, which could potentially put pressure on the already weak consumer purchasing power. However, consumer spending in June slightly exceeded expectations and grew by 0.4%, with growth forecast at 0.3%.
The pressure on the financial sector is still in the bidding in Europe had a way of reporting UBS. The largest bank in assets in Switzerland, has completed a second quarter loss of $ 1.3 billion, with losses forecast at $ 1.2 billion accounts of BNP Paribas, was able to partially offset the negative residue from the publication of loss UBS: French bank earned $ 2.3 billion in the second quarter, which is 6.6% higher than the same period last year. In general, banks in the States seemed quite at yesterday's auction, becoming the only sector, which added more than 1% during the bidding process.
American session was held under the auspices of the traditional dilemma of choosing between greed and fear: Investors are aware that the majority of shares resold and the current capitalization of the companies did not correspond to the acquired profits. Moreover, even with the recovery of world economy to ensure that profits come at a level appropriate to their market capitalization, it will take years. However, while this is not a powerful argument for the market infested with cheap money.
Zaryad optimistic investors finally dried up for the opening of the trading in Asia, which now dominate sales. Major indexes falling on the background of weak reports car (Isuzu) and technology sector companies. The demand continues in the banking sector. Regional benchmarks MSCI Asia Pacific fell by 0.1%.
The Russian stock market today can support high oil prices. However, this very factor varies, especially in the context of expected growth in oil reserves, as well as falling demand for fuel in the United States. In addition, the speculative rise of the euro in anticipation of the meeting, the ECB can also stop fixing of profit that will enhance the reduction of oil prices. As a consequence, at the end of the week, the pressure on the domestic market will grow. Nor should we forget that, today released a report on the ADP employment in the private sector, United States, and on Friday a final diagnosis of the labor market in the States put the payroll.
We believe that the Russian indexes opened yesterday near the levels and, for some time, will consolidate around the levels of section 1100 of the MICEX. However, as the pressure from external factors, the probability of rollback to the 1050 section will grow.
From corporate history is to publish VTB reporting under IFRS, under which the bank lost in the first quarter of 20.5 billion rubles. The results were expected, but the magnitude of losses and the speed at which the delay grows on loans - threatening. Calms just the fact that the bank's operating performance being held at a high level (income from operations was 30%), while more than half the loss was attributable to one-time loss (from the conversion of loans). In anticipation of the deployment, reporting VTB may limit the potential demand from non-state investors.
In the energy sector can further support the action RusGidro which showed on the basis of half of a record not only for industry but also the industry levels of profitability - 45% of net profit. Despite the drop in energy consumption, RusGidro stepping up power generation, replacing the more expensive thermal power, and management reviews to improve forecasts of the company.
In telecom discussed the master plan of consolidation the industry on the basis of Rostelecom through conversion of shares into shares of MRK Rostelecom. Meanwhile, the transition to a single event can trigger a variety of problems, ranging from the need to repurchase the debt MRK worth over $ 4 billion, ending with the fact that voting minorities through preferred shares will receive the majority. In any case, we believe that the most attractive asset in telecom today is the Rostelecom, but due to extremely low liquidity, the investment involves high risk.
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Indexes in the United States rose on Tuesday on data on housing sales, sell futures positions in the environment
European indexes fell on Tuesday, shares desheveyut Standard Chartered, UBS
Ukrainian stock market fell slightly on Tuesday after the external environment
Forex - results of day
In the case of Perforation of the resistance of local shares of Gazprom, Lukoil, Transneft, Uralkali, CMI maintain growth potential
After the opening of the Russian market neutral, you can expect the emergence of interest in the shares of the buyers
Today it is possible to continued growth in the September futures on the RTS index, but overcoming them to mark the 115 100 seems unlikely
Morning rise in oil prices has continued, but later oil brand Brent returned to the levels of previous day's closing
With the growing pressure from external factors, the probability of rollback MICEX index to 1050 items will continue to grow
By mid-week support for the markets of good corporate reports and makrostatistika clearly weakened. Change the world's leading index - are minimal, and today morning in Asia is dominated by the sale. But the appetite of investors to the risk is still high, as measured by purchases of raw material assets. Crude oil traded near $ 74 a barrel, despite the low demand and expected growth stocks. Domestic Indexes after takeoff at the beginning of the week islikely to be consolidated at the levels achieved (paragraph 1100 of the MICEX), as they must support high oil. Meanwhile, in the event of a turn black gold can be a painful setback to the 1050 section on MICEX.
U.S. stock indexes finished trading on the growth of 0,3%. A very modest performance was due to conflicting makrostatistikoy. On the one hand, data on housing sales exceeded analysts' expectations, providing further evidence in favor of recovery of demand in the real estate sector. The index of pending sales in the real estate market grew by 3.6% in June, the growth rate was already the 5th month in succession. On the other hand disappointed the market data on Americans' incomes, which fell by 1.3% in June, which could potentially put pressure on the already weak consumer purchasing power. However, consumer spending in June slightly exceeded expectations and grew by 0.4%, with growth forecast at 0.3%.
The pressure on the financial sector is still in the bidding in Europe had a way of reporting UBS. The largest bank in assets in Switzerland, has completed a second quarter loss of $ 1.3 billion, with losses forecast at $ 1.2 billion accounts of BNP Paribas, was able to partially offset the negative residue from the publication of loss UBS: French bank earned $ 2.3 billion in the second quarter, which is 6.6% higher than the same period last year. In general, banks in the States seemed quite at yesterday's auction, becoming the only sector, which added more than 1% during the bidding process.
American session was held under the auspices of the traditional dilemma of choosing between greed and fear: Investors are aware that the majority of shares resold and the current capitalization of the companies did not correspond to the acquired profits. Moreover, even with the recovery of world economy to ensure that profits come at a level appropriate to their market capitalization, it will take years. However, while this is not a powerful argument for the market infested with cheap money.
Zaryad optimistic investors finally dried up for the opening of the trading in Asia, which now dominate sales. Major indexes falling on the background of weak reports car (Isuzu) and technology sector companies. The demand continues in the banking sector. Regional benchmarks MSCI Asia Pacific fell by 0.1%.
The Russian stock market today can support high oil prices. However, this very factor varies, especially in the context of expected growth in oil reserves, as well as falling demand for fuel in the United States. In addition, the speculative rise of the euro in anticipation of the meeting, the ECB can also stop fixing of profit that will enhance the reduction of oil prices. As a consequence, at the end of the week, the pressure on the domestic market will grow. Nor should we forget that, today released a report on the ADP employment in the private sector, United States, and on Friday a final diagnosis of the labor market in the States put the payroll.
We believe that the Russian indexes opened yesterday near the levels and, for some time, will consolidate around the levels of section 1100 of the MICEX. However, as the pressure from external factors, the probability of rollback to the 1050 section will grow.
From corporate history is to publish VTB reporting under IFRS, under which the bank lost in the first quarter of 20.5 billion rubles. The results were expected, but the magnitude of losses and the speed at which the delay grows on loans - threatening. Calms just the fact that the bank's operating performance being held at a high level (income from operations was 30%), while more than half the loss was attributable to one-time loss (from the conversion of loans). In anticipation of the deployment, reporting VTB may limit the potential demand from non-state investors.
In the energy sector can further support the action RusGidro which showed on the basis of half of a record not only for industry but also the industry levels of profitability - 45% of net profit. Despite the drop in energy consumption, RusGidro stepping up power generation, replacing the more expensive thermal power, and management reviews to improve forecasts of the company.
In telecom discussed the master plan of consolidation the industry on the basis of Rostelecom through conversion of shares into shares of MRK Rostelecom. Meanwhile, the transition to a single event can trigger a variety of problems, ranging from the need to repurchase the debt MRK worth over $ 4 billion, ending with the fact that voting minorities through preferred shares will receive the majority. In any case, we believe that the most attractive asset in telecom today is the Rostelecom, but due to extremely low liquidity, the investment involves high risk.
Your grade will be the first!
Analyst Ratings
FGI believe in yourself
Indexes in the United States rose on Tuesday on data on housing sales, sell futures positions in the environment
European indexes fell on Tuesday, shares desheveyut Standard Chartered, UBS
Ukrainian stock market fell slightly on Tuesday after the external environment
Forex - results of day
In the case of Perforation of the resistance of local shares of Gazprom, Lukoil, Transneft, Uralkali, CMI maintain growth potential
After the opening of the Russian market neutral, you can expect the emergence of interest in the shares of the buyers
Today it is possible to continued growth in the September futures on the RTS index, but overcoming them to mark the 115 100 seems unlikely
Morning rise in oil prices has continued, but later oil brand Brent returned to the levels of previous day's closing