stock market on Thursday adjusted down: despite the positive overall statistics from the U.S., speculators chose to take profits on the overheated market, not relying on the continuation of the rally.
As a result of trades
MICEX index dropped to 1341.64 points (-1.56%), RTS index - to 1434.35 points (-0.48%), prices are chips have fallen on the stock exchanges in 0,5 — 4,1%.
Futures on RTS Index fell to the underlying asset for 11 points, which suggests a moderately negative attitudes of the players.
better market looked Rosneft (RTS: ROSN) (0,3% on MICEX), Tatneft (RTS: TATN) (1,9% on expectations a report on US GAAP for the second quarter) and Gazprom Neft (RTS: SIBN) (-1%, to 171.9 rubles), the latter rose in the morning in the historic area of maximum 190 rubles, recorded June 16, 2008.
cheaper paper Gazprom (-2,2%), VTB (RTS: VTBR) (-3,9%), Lukoil (RTS: LKOH) (-0,7%), Norilsk Nickel ( RTS: GMKN) (-1,5%), Surgutneftegas (RTS: SNGS) (-0,8%), Sberbank of Russia (RTS: SBER) (-4,1%), Polyus Gold (RTS: PLZL) (-1,3%).
rise on Thursday and stopped at the world stock exchanges: The European indexes have fallen moderately (FTSE index sank 0.3%), the indices in the United States to 18:45 IST lost 0,3-0,5%.
on Thursday in the U.S. went out a large block of economic statistics and corporate reports that were generally better than expected, but the published data seems to have already been discounted by the market, and on the event players recorded a profit.
first signal on the sale of shares are data from the U.S. housing market and a weak report, Nokia.
In the U.S. the number of cases of deprivation of property rights on the mortgages on houses rose in the third quarter of 2009 by 23% compared to the same period last year - to record levels (the owners of 937 thousand 840 homes were within a quarter of a given stage of the process of deprivation of property rights). Increase in the number of cases of deprivation of property rights in housing suggests that the decline in home prices in the U.S. will continue, analysts say Amherst Securities Group LP.
Finnish Nokia in the third quarter of 2009 was a loss of 559 million euros against 1.087 billion euro profit a year earlier (expected profit of 367 million euros). Nokia Revenue decreased by 19,8% and amounted to 9.81 billion euros, experts had expected revenue of 10.03 billion euros.
Left later strong statements of U.S. banks Goldman Sachs and Citigroup, the data from the U.S. labor market and the index of manufacturing activity in New York Empire Manufacturing alleviated slightly negative, however, cause a new surge of optimism did not.
Net income at Goldman Sachs in the third quarter totaled $ 3.19 billion, or $ 5.25 per share, the experts had expected profit of $ 4.18 per share, Citigroup's net profit was $ 101 million compared with a loss of $ 2.82 billion in third quarter of last year, Citigroup revenue totaled $ 20.4 billion in the projections at $ 19.81 billion
In addition, the number of initial applications for unemployment benefits in the United States declined last week to 10 thousand and reached to 514 thousand - the lowest since January, experts expect a reduction of only 1 thousand
index of manufacturing activity in New York Empire Manufacturing in October rose to 34.57 points (up from 2004) from the September level of 18.88 points, analysts expect the reduction rate to 17.25 points.
Toward the close of trading negative index data added production activities in the district of Philadelphia, who in October fell to 11.5 points in the forecast reduction to 12 points.
The oil market prices have moved away from full-time highs due to local correction of the dollar up. December futures on crude oil WTI to 18:45 IST on Thursday cost $ 75.67 per barrel (0.1%).
Despite good reports in the U.S., the fuse of optimism in the markets has dried up, came a wave of correction, utyanuvshaya quotes Russian shares open lower than that driven primarily by a descending movement on global markets, - said a portfolio manager at IFC Option Elena Grebenshchikova.
external environment, however, has to halt decline, since the data from the U.S. labor market stopped investors from further sales, - she said.
According to the analyst IFC Metropol, Dmitry Makarov, the stock market of Russia strongly overheated, so the players prefer to take profits before the next wave of growth. Consequently, the correction to the Russian sites are likely to continue until the end of the week.
According to analysts VTB 24 (RTS: GUTB) Stanislav Kleshchev, at present there is only a small correction in financial markets, which makes sense to use for purchases of shares. We do not see at present serious cause for deep correction: the last minutes of the meeting the U.S. Federal Reserve showed that about any curtailing of speech stimulation program still does not work, and therefore support market at the expense of excess liquidity will continue. Furthermore, if we regard to Russia's stock market, but today we are witnessing the continuation of the trend to strengthen the ruble. Thus, no evidence of outflow of investors from Russia's stock market is not observed. Accordingly, it makes sense to keep calm and stay in the papers, considering the current drawdown as just another small correction on the uptrend, - he believes.
Head of Research Division FC infinitesimal Alexander Ivanishchev believes that it is better to stay out of the market.
Market power in the euphoria of easy and quick success. Everything is good, even too: oil is high, global indexes on the annual maximum, the ruble strengthened. However, along with the increasing prices of stocks rise and risks of correction. Against this background, and without the influx of new funds market prices are known to have the ability to quickly break away from the real money. Moreover, the new money is not visible, but the money of the current pool of participants are sufficient only to selective heating in a separate paper, - he states.
The expert also noted the slowdown in the MICEX Index - force buyers and sellers is approximately equal, and, apparently, this balance is maintained until the end of the week. Speculators are waiting for signals on sale. The level of resistance on the MICEX Index - 1406 points. Levels of support have grown up to the nearest 1,316 points and 1,262 points. As a result, we have balancing on a rope under the big top. The spectacle, which is of interest to observers more than participants. Thus, it is better to stay out of the market, - said A. Ivanishchev.
As noted analyst IFC Alemar Basil Konuzin, minutes of the meeting of the Federal Reserve System (FRS) last month added optimism to investors. Despite recent statements of Federal Reserve head Ben Bernanke's willingness to begin tightening monetary policy if the economic situation improves, a number of members of the Federal Open Market Committee expressed support for expansion of programs to repurchase the bad assets. Thus, the Fed is no consensus on the strategy and time away from ultrasoft monetary policy and, apparently, the semi-annual horizon, the Fed is unlikely to go on its tightening. Another thing is that the expansion of programs for the repurchase of mortgage assets on the background of strong statements of banks may look like pure speculation, devoid of meaning. In any case, while liquidity in the global market is not in danger.
In the coming days, the outflow of capital from defensive assets will continue against the backdrop of rising inflationary expectations, as well as investors reassess the prospects of rate hikes by leading central banks in the world. However, upon reaching critical milestones capital flows must stop, that would deprive the stock of money feeding grounds and may lead to profit-taking by investors and correction. However, amid the prospects for maintaining high levels of liquidity is unlikely to be significantly reduced, and the end of the year, apparently, a growing trend by global persist, he said.
U.S. Dow Jones index on the eve surpassed 10,000 points for the first time since October last year on strong reports from Intel and JPMorgan Bank for the third quarter.
Among second-tier on the MICEX on Thursday, leaders of growth were OGK-6 (RTS: OGKF) (7,9%), IDC Holding (5%), Raspadskaya (RTS: RASP) ( 3,5%), Novolipetsk Steel (RTS: NLMK) (3,3%).
cheaper paper PIK Group (RTS: PIKK) (-6%), OGK-4 (RTS: OGKD) (-5,4%), RTM (-5.2%), RusHydro ( RTS: HYDR) (-5%).
total volume of shares traded on the RTS classic market on Thursday was $ 13.38 million in Section RTS Standard turnover reached $ 625.32 million, on the MICEX exchange transaction volume has exceeded 91.167 billion rubles (leader - Gazprom (RTS: GAZP) - 31.1 billion rubles).
Russia in 2010, provide jobs for 1.4 million migrants
Domestic construction during the crisis halved
Berdimuhamedov will receive the title of Hero of Turkmenistan
Good morning! Information Group Finam.ru and Investment Company Finam Welcome to your site and wish you good day!
USA: the financial sector captures the profit oil is gaining momentum
How to collect money from the troubled card account?
Recently NBU said that in August the proportion of problem loans has increased by 0,6 %…
Forex - results of the day
The stock market has adjusted the RF down, despite the good statistics from the U.S.
stock market on Thursday adjusted down: despite the positive overall statistics from the U.S., speculators chose to take profits on the overheated market, not relying on the continuation of the rally.
As a result of trades
MICEX index dropped to 1341.64 points (-1.56%), RTS index - to 1434.35 points (-0.48%), prices are chips have fallen on the stock exchanges in 0,5 — 4,1%.
Futures on RTS Index fell to the underlying asset for 11 points, which suggests a moderately negative attitudes of the players.
better market looked Rosneft (RTS: ROSN) (0,3% on MICEX), Tatneft (RTS: TATN) (1,9% on expectations a report on US GAAP for the second quarter) and Gazprom Neft (RTS: SIBN) (-1%, to 171.9 rubles), the latter rose in the morning in the historic area of maximum 190 rubles, recorded June 16, 2008.
cheaper paper Gazprom (-2,2%), VTB (RTS: VTBR) (-3,9%), Lukoil (RTS: LKOH) (-0,7%), Norilsk Nickel ( RTS: GMKN) (-1,5%), Surgutneftegas (RTS: SNGS) (-0,8%), Sberbank of Russia (RTS: SBER) (-4,1%), Polyus Gold (RTS: PLZL) (-1,3%).
rise on Thursday and stopped at the world stock exchanges: The European indexes have fallen moderately (FTSE index sank 0.3%), the indices in the United States to 18:45 IST lost 0,3-0,5%.
on Thursday in the U.S. went out a large block of economic statistics and corporate reports that were generally better than expected, but the published data seems to have already been discounted by the market, and on the event players recorded a profit.
first signal on the sale of shares are data from the U.S. housing market and a weak report, Nokia.
In the U.S. the number of cases of deprivation of property rights on the mortgages on houses rose in the third quarter of 2009 by 23% compared to the same period last year - to record levels (the owners of 937 thousand 840 homes were within a quarter of a given stage of the process of deprivation of property rights). Increase in the number of cases of deprivation of property rights in housing suggests that the decline in home prices in the U.S. will continue, analysts say Amherst Securities Group LP.
Finnish Nokia in the third quarter of 2009 was a loss of 559 million euros against 1.087 billion euro profit a year earlier (expected profit of 367 million euros). Nokia Revenue decreased by 19,8% and amounted to 9.81 billion euros, experts had expected revenue of 10.03 billion euros.
Left later strong statements of U.S. banks Goldman Sachs and Citigroup, the data from the U.S. labor market and the index of manufacturing activity in New York Empire Manufacturing alleviated slightly negative, however, cause a new surge of optimism did not.
Net income at Goldman Sachs in the third quarter totaled $ 3.19 billion, or $ 5.25 per share, the experts had expected profit of $ 4.18 per share, Citigroup's net profit was $ 101 million compared with a loss of $ 2.82 billion in third quarter of last year, Citigroup revenue totaled $ 20.4 billion in the projections at $ 19.81 billion
In addition, the number of initial applications for unemployment benefits in the United States declined last week to 10 thousand and reached to 514 thousand - the lowest since January, experts expect a reduction of only 1 thousand
index of manufacturing activity in New York Empire Manufacturing in October rose to 34.57 points (up from 2004) from the September level of 18.88 points, analysts expect the reduction rate to 17.25 points.
Toward the close of trading negative index data added production activities in the district of Philadelphia, who in October fell to 11.5 points in the forecast reduction to 12 points.
The oil market prices have moved away from full-time highs due to local correction of the dollar up. December futures on crude oil WTI to 18:45 IST on Thursday cost $ 75.67 per barrel (0.1%).
Despite good reports in the U.S., the fuse of optimism in the markets has dried up, came a wave of correction, utyanuvshaya quotes Russian shares open lower than that driven primarily by a descending movement on global markets, - said a portfolio manager at IFC Option Elena Grebenshchikova.
external environment, however, has to halt decline, since the data from the U.S. labor market stopped investors from further sales, - she said.
According to the analyst IFC Metropol, Dmitry Makarov, the stock market of Russia strongly overheated, so the players prefer to take profits before the next wave of growth. Consequently, the correction to the Russian sites are likely to continue until the end of the week.
According to analysts VTB 24 (RTS: GUTB) Stanislav Kleshchev, at present there is only a small correction in financial markets, which makes sense to use for purchases of shares. We do not see at present serious cause for deep correction: the last minutes of the meeting the U.S. Federal Reserve showed that about any curtailing of speech stimulation program still does not work, and therefore support market at the expense of excess liquidity will continue. Furthermore, if we regard to Russia's stock market, but today we are witnessing the continuation of the trend to strengthen the ruble. Thus, no evidence of outflow of investors from Russia's stock market is not observed. Accordingly, it makes sense to keep calm and stay in the papers, considering the current drawdown as just another small correction on the uptrend, - he believes.
Head of Research Division FC infinitesimal Alexander Ivanishchev believes that it is better to stay out of the market.
Market power in the euphoria of easy and quick success. Everything is good, even too: oil is high, global indexes on the annual maximum, the ruble strengthened. However, along with the increasing prices of stocks rise and risks of correction. Against this background, and without the influx of new funds market prices are known to have the ability to quickly break away from the real money. Moreover, the new money is not visible, but the money of the current pool of participants are sufficient only to selective heating in a separate paper, - he states.
The expert also noted the slowdown in the MICEX Index - force buyers and sellers is approximately equal, and, apparently, this balance is maintained until the end of the week. Speculators are waiting for signals on sale. The level of resistance on the MICEX Index - 1406 points. Levels of support have grown up to the nearest 1,316 points and 1,262 points. As a result, we have balancing on a rope under the big top. The spectacle, which is of interest to observers more than participants. Thus, it is better to stay out of the market, - said A. Ivanishchev.
As noted analyst IFC Alemar Basil Konuzin, minutes of the meeting of the Federal Reserve System (FRS) last month added optimism to investors. Despite recent statements of Federal Reserve head Ben Bernanke's willingness to begin tightening monetary policy if the economic situation improves, a number of members of the Federal Open Market Committee expressed support for expansion of programs to repurchase the bad assets. Thus, the Fed is no consensus on the strategy and time away from ultrasoft monetary policy and, apparently, the semi-annual horizon, the Fed is unlikely to go on its tightening. Another thing is that the expansion of programs for the repurchase of mortgage assets on the background of strong statements of banks may look like pure speculation, devoid of meaning. In any case, while liquidity in the global market is not in danger.
In the coming days, the outflow of capital from defensive assets will continue against the backdrop of rising inflationary expectations, as well as investors reassess the prospects of rate hikes by leading central banks in the world. However, upon reaching critical milestones capital flows must stop, that would deprive the stock of money feeding grounds and may lead to profit-taking by investors and correction. However, amid the prospects for maintaining high levels of liquidity is unlikely to be significantly reduced, and the end of the year, apparently, a growing trend by global persist, he said.
U.S. Dow Jones index on the eve surpassed 10,000 points for the first time since October last year on strong reports from Intel and JPMorgan Bank for the third quarter.
Among second-tier on the MICEX on Thursday, leaders of growth were OGK-6 (RTS: OGKF) (7,9%), IDC Holding (5%), Raspadskaya (RTS: RASP) ( 3,5%), Novolipetsk Steel (RTS: NLMK) (3,3%).
cheaper paper PIK Group (RTS: PIKK) (-6%), OGK-4 (RTS: OGKD) (-5,4%), RTM (-5.2%), RusHydro ( RTS: HYDR) (-5%).
total volume of shares traded on the RTS classic market on Thursday was $ 13.38 million in Section RTS Standard turnover reached $ 625.32 million, on the MICEX exchange transaction volume has exceeded 91.167 billion rubles (leader - Gazprom (RTS: GAZP) - 31.1 billion rubles).
Russia in 2010, provide jobs for 1.4 million migrants
Domestic construction during the crisis halved
Berdimuhamedov will receive the title of Hero of Turkmenistan
Good morning! Information Group Finam.ru and Investment Company Finam Welcome to your site and wish you good day!
USA: the financial sector captures the profit oil is gaining momentum
How to collect money from the troubled card account?
Recently NBU said that in August the proportion of problem loans has increased by 0,6 %…
Forex - results of the day
On the background correction sentiment in the prices of precious metals may look worse than the market shares of gold miners
External background on the stock exchanges neutral, today is expected to open with gap up to 1 - 1,5% on the MICEX Index