Trading on Russian sites opened declining prices. The reason for the sales have corrective movement in the energy market and the decline in futures on U.S. indices. Uydya with the opening below 1090 points for the MICEX index, the market moved in the lateral motion. On the positive territory traded securities RusGidro and Rostelkoma, which added 6.5% and 1.9% respectively. Worse market VTB (-4,8%) and Tatneft (-2.9%). By 14.30 the MICEX index fell by 1.1%, down to the level of 1086.5.
The market was unable to hold above resistance at 1090 points and top-down long-term trend. We can expect that in the nearest time, Bulls' attempt to retry breakdown of these levels, but for this they need support from the external background. Helping them may be on an index of personal income (Personal Income, is expected to -1%, previous 1.4%) and an index of personal spending (Personal Spending, expected 0.3%, previous 0.2%) for June, which will at 16.30 Moscow time. However, if the data would be worse than expected, perhaps we will see a sharp decline in the market and return in the near term to a level of 1000 points on the MICEX index.
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Asia: Mixed feelings on struggle against motorists with syrevikami
The course has increased the dollar - a daily review of the cash markets
SBU has unveiled a criminal scheme launch 250 mln. Ukraine
The Cabinet set up a working group to elaborate a strategy for reforming the tax system
Analysis - Results of the day
Shares MMC Norilsk Nickel and Polyus Gold show the decline of less than 1.5%, and occasionally there are major application for purchase of these securities
Stocks RusGidro rising against the market correction on the background of the positive results of the semi-annual company RSA
Now a new obstacle to euro in the form of resistance 1.4400
Overview of the oil market for 03.08.09
Worse than the market currently traded shares of VTB and Tatneft, losing 4.8% and 2.9% respectively
Trading on Russian sites opened declining prices. The reason for the sales have corrective movement in the energy market and the decline in futures on U.S. indices. Uydya with the opening below 1090 points for the MICEX index, the market moved in the lateral motion. On the positive territory traded securities RusGidro and Rostelkoma, which added 6.5% and 1.9% respectively. Worse market VTB (-4,8%) and Tatneft (-2.9%). By 14.30 the MICEX index fell by 1.1%, down to the level of 1086.5.
The market was unable to hold above resistance at 1090 points and top-down long-term trend. We can expect that in the nearest time, Bulls' attempt to retry breakdown of these levels, but for this they need support from the external background. Helping them may be on an index of personal income (Personal Income, is expected to -1%, previous 1.4%) and an index of personal spending (Personal Spending, expected 0.3%, previous 0.2%) for June, which will at 16.30 Moscow time. However, if the data would be worse than expected, perhaps we will see a sharp decline in the market and return in the near term to a level of 1000 points on the MICEX index.
1 users rated material 4.
Analyst Ratings
Asia: Mixed feelings on struggle against motorists with syrevikami
The course has increased the dollar - a daily review of the cash markets
SBU has unveiled a criminal scheme launch 250 mln. Ukraine
The Cabinet set up a working group to elaborate a strategy for reforming the tax system
Analysis - Results of the day
Shares MMC Norilsk Nickel and Polyus Gold show the decline of less than 1.5%, and occasionally there are major application for purchase of these securities
Stocks RusGidro rising against the market correction on the background of the positive results of the semi-annual company RSA
Now a new obstacle to euro in the form of resistance 1.4400
Overview of the oil market for 03.08.09