Russian Hill
Russia
Indicators locking condition the Russian stock market demonstrated multidirectional closing: RTS index rose by 1,84%, MICEX index dropped 1.63% - as is usually affected by an extra hour duration trading session. The volume of trades on the RTS Stock Exchange was $ 3.29 billion, of which $ 2.0 billion was accounted for by the term market instruments, the MICEX Stock Exchange Section natorgovala at 182.2 billion rubles, the turnover in the index was 83.0 billion rubles.
Evening turn into the Russian stock market attributed to many factors, including declining business activity and rising unemployment in the United States. To my mind the evening of our market has fallen more because, during the day, it rose almost without reason, and when the discharge occurred, Bears have taken a great interest too, and simply have not been able to stop in time. At the time of the main struggle going on between the Russian players who would like to record profits after a six-month growth, and foreign funds, limits on Russia and the capital inflows have increased, and therefore managers need to be somewhere attached money investors.
Europe
Old World Index fell by an average of 0.4%, which could be safely write to the average deviation, if not for the fact that some regional markets have lost a little more - so DAX index dropped 1.2%. In fact, negative emotions fit into the reduction of retail sales in the euro area. In the positive zone of the paper were the financial sector, who feel as if nothing happens and the world financial crisis, as has happened.
America
New World Index fell by 0,3-0,9%, responding to the negative macroeconomic statistics and corporate reports, which turned out to be worse than expectations. Ahead of the world-wide is the financial sector - this is really true to any head, even on his forehead, and any sea on the knee.
raw materials, currency, etc.
Industrial metals at auction in London continued its long rise, gold performs oscillatory motion just below $ 970, U.S. dollar finished the day is neutral.
futures oil brand Brent traded below $ 75, oil futures mark WTI stand just above $ 71.25 (September contracts at 09-30 Moscow time). The price gap between the two reference marks already passes for $ 3 mark, which may be associated with the transition to Brent many speculators (you can make such a conclusion, to observe the growth of trading volume) and the orientation of the Chinese economy at this sort of oil.
Statistics and Reporting
Today, 15-00 (Moscow time), the Bank of England must decide on the interest rate in the 15-45 (Moscow time) to take a similar decision the ECB (in both cases the changes are not expected) to 16-30 (Moscow time) published data the number of applications for unemployment benefits in the United States, at the same time, Jean-Claude Trichet will comment on the decision of his department. In the corporate sector can provide reports Deutsche Telecom, Unilever, and Thomson Reuters.
Outlook
I look forward to opening in the Russian stock market to break up within 1%, due to excessive emotional last night and a neutral external background this morning. I continue to recommend that the focus on oil quotes as a guiding star. At short intervals of time, the dynamics can be completely and not to any analysis, but it is a consequence of emotion and speculation game, which now constitute the entire market, since the fundamental factors persistently ignored. In the medium term as a goal, I look forward to touch 1200 points and the formation of double peaks.
On the more remote prospect, I am of the opinion that the second wave will be all the same. In my understanding should be the catalyst for the next reporting season, coupled with macroeconomic statistics for the third quarter. But much will depend on when the end of the fuel from the helicopter, which scatters Ben Bernanke U.S. dollars.
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