Russia
Revaluation prospects for markets and the prospects for the global economy from the investment community eventually led to another intraday corrective wave in the U.S. stock market sites. The proximity of the end of a short-term upward momentum, suggests that in the near future the U.S. stock market may enter into a side-Commerce which probably will be before the start of the heating season. Based on historical performance the American market, the index of DJIA, the end of the third and the beginning of the fourth quarter is traditionally takes place either in the phase of correction, or sideways. Key market drivers, such as financial statements and quarterly indicators of macroeconomic statistics, are already in play and a lack of ideas, members may prefer to fix the existing results. At the previous auction quotes Intel Corp. and International Business Machines Corp. lost almost 1.5% after the emergence of disappointing data on the economy of Japan. JPMorgan Chase Co. and Bank of America declined by 4%.
Our opinion. The Russian market is likely to be another reduction to the boundary of 1015-1020p. MICEX index in today's auction. Thus, the position is reached the lower limit of tapes Bollindzhera, together with the testing of 50 day moving average. In the case of overcoming this support is likely further testing 960p., Then the domestic market is also likely to come into the side stage of bidding before the end of September - mid-October this year. Boundary resistance in this form, to become the main liquid securities - 1630r. - Lukoil, 205r. - Rosneft, 175r. - Gazprom, 120r. - Gazpromneft, 26.85 r - Surgutneftegaz JSC 49.4 r. - Savings Bank Inc. , P. 0,045. - VTB, 3500r. - MMC Norilsk Nickel.
Europe
European stock markets fell Monday, led by banks and commodity companies, as investors hope for a rapid recovery of the world economy had been undermined. Banks have had a significant negative impact on the index. Quotations HSBC, BNP Paribas, UniCredit and Banco Santander declined to 1,22-1,68 percent. Paper mining enterprises are also under pressure, as metal prices have fallen because of concerns about demand. Shares Fresnillo cheaper to 2.9 percent after the company reported a decrease in first half profit by 14 per cent. Quotes of energy companies fell as the price of oil dropped below $ 67 a barrel. BG Group, BP, Royal Dutch Shell and Total lost 0,91-2,11 percent.
| FT-SE 100 |
-68.96 |
-1.46% |
| DAX |
-107.50 |
-2.02% |
| CAC40 |
-75.58 |
-2.16% |
Asia
Asian markets declined during the current trading session against the backdrop of a similar situation in the commodity markets on a raised concerns about erroneous assessments of the prospects for economic recovery. However, completed trades in the positive zone. Mitsubishi Corp., Lost more than 3% at the auction in Tokyo, while Fortescue Metals Group Ltd. decreased by 3.7% on the bid in Sydney. Citic Securities Co. and Haitong Securities Co. went to minus 5% after the comment Andy Xie - head of Morgan Stanley in Asia, for further losses in financial assets.
| NIKKEI 225 |
16.35 |
0.16% |
| HANG SENG INDEX |
215.94 |
1.07% |
| SHANGHAI SE A SHARE INDX |
42.18 |
1.40% |
| SHANGHAI SE B SHARE INDX |
3.68 |
1.95% |
| KOSPI INDEX |
3.18 |
0.21% |
United States
U.S. stock market on Monday suffered the biggest loss in seven weeks, as well as weak data from Japan and the disappointing forecast from the retailer Lowe s Cos undermined hopes for economic growth. Data on the GDP of Japan showed that the economy out of recession in the second quarter. But since the growth rate has been below projections, this has led to the sale of major Asian markets, followed by those in Europe and North America. Shares Lowe s cheaper to 10.3 percent after the company, selling products for arrangement of the house, made a forecast for the third quarter, inferior expectations of analysts, and said that delaying the expansion plans. The head of the company, Robert Niblock said that consumers are still under pressure, despite the fact that the housing sector shows signs of stabilizing. Some data provided support for stocks on the index of activity in manufacturing industry in New York, which rose in August, far exceeding projections.
| DJIA |
-186.06 |
-2.00% |
| SP 500 |
-24.36 |
-2.43% |
| NASDAQ COMPOSITE INDEX |
-54.68 |
-2.75% |
| NASDAQ 100 |
-46.69 |
-2.90% |
Closing bid for ADR GDR in the western areas was positive.
| Gazprom |
4,60% |
| Rosneft |
6,33% |
| Surgutneftegas |
5,09% |
| MMC Norilsk Nickel |
3,46% |
| Rostelekom |
0,97% |
| Gazpromneft |
4,57% |
Prices are per 1 share
* closing price of a receipt for the United States and European markets to the closing price of shares on the MICEX.
Recommendation: Of the major macroeconomic statistical data suggest that to draw attention to the beginning of construction and the number ofbuilding permits in July in the United States, as well as the index of production prices for the same period. The data will be published in 16-30 Moscow time.
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