Shares little expensive, but not on a broadside to top it still does not
Quotations of futures on Brent so far has played half of yesterday's fall. Following the oil rebound after the collapse earlier this week has taken on the Russian stock market. External background now favorable for recovery - in the S P500 futures added more than 1%, oil went up by 2% from yesterday's minimum, Europe in the certainty black MICEX index rising by 1.6%. The overall tone of asking, as might be expected, the shares of major Russian oil companies - Lukoil, Gazprom, Rosneft and Surgutneftegaz, added to 2-3%. The shares of Sberbank, and MMC Nornikel, which tend to be more rapidly otygryvayut improvement in external markets today, however, demonstrated today less pronounced rise of quotations. Low demand for stocks with high beta coefficient indicates that investors continue to look down on the market, considering the observed rise only as the rebound after the fall of the previous day. Accordingly, our medium-term recommendations on abstinence from investor purchases of securities remains in force. A more speculative players to tune it makes sense to reopen the shorts on the level of 930 points on the MICEX Index.
General background continues to be negative. An increasing number of factors suggests a deeper and longer than previously thought, a recession in the global economy. This and the recent revision of the World Bank forecast growth rates of the leading economies in 2009 in a downward, and yesterday's downward forecast OPEC regarding the demand for oil in the long run. More share doubts this week, investors added Americans. First Vice-President J. Biden acknowledged that the U.S. administration incorrectly assessed the depth of the current crisis, then Obama economic adviser B. L. Tyson announced a new program of economic incentives - previously scheduled for this nearly $ 800 billion, as it turns out, is not sufficient to correct situation for the better. In the medium term, the dynamics of trades on stock sites will largely depend on how convincing will be quarterly reports of American corporations over 2 square meters. 2009, Alcoa was able to report yesterday, exceeded the consensus forecast of analysts for net profit, thus creating a further optimism in the markets today. But reporting the aluminum company, product prices in the reporting quarter which reached maximum values over the past 8 months, is unlikely to be a general indicator of the global economy. More revealing, in our view, the results of industrial and domestic demand-oriented corporations (the consumer sector, banks, construction and retail). The first financial results for him to appear next week. Prior to these results, we recommend you still stay out of the market.
now until the end of the day still waiting for the weekly data on applications for unemployment benefits in the U.S. (unlikely to decline significantly from the usual in recent months, 600 thousand) and the data on stocks at the wholesale stores (18.00 Moscow time, the forecast -1%) which is unlikely to change the dynamics of trades in financial markets.
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Analyst Ratings
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Asia: strengthening yen has provided the shares of Japanese exporters fall
The course is kept buying the dollar unchanged - a daily review of the cash markets
Experts: Economy of Ukraine has not yet reached bottom, projections for the II semester lack of optimism
Bivalyutnaya basket in the coming days, along with stabilizing oil in ruble corridor 37.4-37.6
Weak oil futures quotes are not available in significant movements in the Russian stock market
Quotations EUR /USD opened the bidding on Thursday rising to near 1,394 mark
Motovilihinskie plants will not pay dividends on the basis of 2008
The State will provide RZhD 17.6 billion rubles for the reconstruction of railway infrastructure in Siberia and the Far East
Prices pair EUR /USD move to the level of resistance of 1.3960
Withdrawal of applications for unemployment benefits in the United States is unlikely to alter the dynamics of bidding for financial sites
Shares little expensive, but not on a broadside to top it still does not
Quotations of futures on Brent so far has played half of yesterday's fall. Following the oil rebound after the collapse earlier this week has taken on the Russian stock market. External background now favorable for recovery - in the S P500 futures added more than 1%, oil went up by 2% from yesterday's minimum, Europe in the certainty black MICEX index rising by 1.6%. The overall tone of asking, as might be expected, the shares of major Russian oil companies - Lukoil, Gazprom, Rosneft and Surgutneftegaz, added to 2-3%. The shares of Sberbank, and MMC Nornikel, which tend to be more rapidly otygryvayut improvement in external markets today, however, demonstrated today less pronounced rise of quotations. Low demand for stocks with high beta coefficient indicates that investors continue to look down on the market, considering the observed rise only as the rebound after the fall of the previous day. Accordingly, our medium-term recommendations on abstinence from investor purchases of securities remains in force. A more speculative players to tune it makes sense to reopen the shorts on the level of 930 points on the MICEX Index.
General background continues to be negative. An increasing number of factors suggests a deeper and longer than previously thought, a recession in the global economy. This and the recent revision of the World Bank forecast growth rates of the leading economies in 2009 in a downward, and yesterday's downward forecast OPEC regarding the demand for oil in the long run. More share doubts this week, investors added Americans. First Vice-President J. Biden acknowledged that the U.S. administration incorrectly assessed the depth of the current crisis, then Obama economic adviser B. L. Tyson announced a new program of economic incentives - previously scheduled for this nearly $ 800 billion, as it turns out, is not sufficient to correct situation for the better. In the medium term, the dynamics of trades on stock sites will largely depend on how convincing will be quarterly reports of American corporations over 2 square meters. 2009, Alcoa was able to report yesterday, exceeded the consensus forecast of analysts for net profit, thus creating a further optimism in the markets today. But reporting the aluminum company, product prices in the reporting quarter which reached maximum values over the past 8 months, is unlikely to be a general indicator of the global economy. More revealing, in our view, the results of industrial and domestic demand-oriented corporations (the consumer sector, banks, construction and retail). The first financial results for him to appear next week. Prior to these results, we recommend you still stay out of the market.
now until the end of the day still waiting for the weekly data on applications for unemployment benefits in the U.S. (unlikely to decline significantly from the usual in recent months, 600 thousand) and the data on stocks at the wholesale stores (18.00 Moscow time, the forecast -1%) which is unlikely to change the dynamics of trades in financial markets.
3 users rated material at 3.
Analyst Ratings
Asia: strengthening yen has provided the shares of Japanese exporters fall
The course is kept buying the dollar unchanged - a daily review of the cash markets
Experts: Economy of Ukraine has not yet reached bottom, projections for the II semester lack of optimism
Bivalyutnaya basket in the coming days, along with stabilizing oil in ruble corridor 37.4-37.6
Weak oil futures quotes are not available in significant movements in the Russian stock market
Quotations EUR /USD opened the bidding on Thursday rising to near 1,394 mark
Motovilihinskie plants will not pay dividends on the basis of 2008
The State will provide RZhD 17.6 billion rubles for the reconstruction of railway infrastructure in Siberia and the Far East
Prices pair EUR /USD move to the level of resistance of 1.3960