When stars light
Russia
Russia stock market last updated local maxima in both its main indicators: the RTS index rose 1.84% and the MICEX index rose in price on 1,14% (true value of the closure was slightly below the annual maximum during the day the index climbed above ). Trading volume on the RTS stock exchange was $ 3.66 billion, of which $ 2.05 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section to gain by selling 214.1 billion, turnover in the index amounted to 91.1 billion rubles (it should be say that trading volumes are very, very good).
Star of the day were paper VTB (13%). The formal reason for the rise: high dividends from VTB North-West in the amount of total net profits of the last, and technical backwardness of bank shares on the dynamics. There is talk also of the appearance of a major Western investor who buys securities of VTB Bank (as well as without? - If suddenly fails to explain anything happening on the equity market, you can always refer to the mythical Western investors). Another theory points to the possibility of closing a large short position (a situation repeated with the takeoff quotations Sberbank?). If we develop the theme of conspiracy theory, the growth of securities above 4.82 cents in the first place was beneficial to investors who participated in the SPO VTB.
Europe
indices of the Old World have increased by an average of 1,4%, as already happened that the external background, regional statistics and corporate news were positive. With regard to the emotional component, financial analysts and regulators are optimistic nowhere.
America
indices of the New World increased by 1,1-1,5%, against a background of the positive macroeconomic statistics and the weakening U.S. dollar (is asset inflation, which fortunately still localized within the financial markets). Media actively circulated a statement by Ben Bernanke, the possible end of the recession (if yesterday it was still possible to read about some of the frills and reservations in the speech head the Fed, but now the tone was very bright), and Warren Buffett, concerning the active buying of securities. Apparently, before the beginning of the reporting season, The market enters the final stretch.
raw materials, currency and so on
industrial metals on the auctions in London are growing, growing and gold - all thanks to the weakening U.S. currency. I can not say that the credibility of the dollar has been exhausted, but investors seriously worry about his future and trying to protect their hard-earned in the tools that seem reliable.
data on stocks of petroleum and petroleum products in the United States were worse than expected, forcing prices to go up the main energy source (in fact, the data API personally I was misled, because it indicates growth stocks, because of which the rate of decline in value materials is not justified itself): futures for Brent crude traded around $ 71,5, futures mark WTI cost about $ 72.75 (November contracts at 9-30 Moscow time).
Statistics and Reporting
Today 12-30 (ICN) published a report on retail sales in Great Britain, 16-30 (Moscow time) go on the number of building permits and the number of applications for unemployment benefits in the United States.
company FedEx, Discover Financial Services (a leading issuer of credit cards in the U.S.) and Palm (high technology) will publish quarterly reports. Also accounts for the first half of 2009 according to the standard US GAAP to present Russia's company Sistema and Mechel.
Board of Directors of the World Bank will consider a loan of $ 400 million for Ukraine. In the context of the fact that Ukraine remains one of the main contenders for the announcement of default among the countries of Eastern Europe and the Baltic states, this event may be interesting, especially if the loan does not provide.
Forecast
opening of trading on Russia's stock market can be expected to break up to 1-1,5%, reflecting an upward trend of commodity markets, as well as a positive background in foreign stock exchanges. Bulls need to MICEX index entrenched above 1200 points, which would no doubt their victory was no more, and while the market is very reluctant to update the maximum values. You can pick on and on, the more so, my sympathies to remain on the side of the bears, but to overcome the level of 1200 points opens up Russia's stock market to the high road by 1400 and, if one adheres to the rules of technical analysis, to argue with that statement is rather difficult.
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