The growth of Russia's stock market is constrained by the expectation of the U.S. statistic data

Written by admin on October 1st, 2009

 
  
 
 
  01.10.09 13:02 ;
  Russia's share platforms have begun trading session today, the growth of the major indices, playing positive trend in oil prices the day before. The first minutes of the auctions RTS index rose 0.01% to 1254.69 points, MICEX added 1,58% to a level of 1212.26 points. European site is also opened with a small gepom up. The FTSE rose by 0,389% to 5,153.85points, on the DAX index rose 0.55% to 5,706.53 points, the CAC 40 index was 3809.58 points (0.373%). Futures on the SP lost 0,019% and is at the level of 1053.1 points.

In leaders of growth in Russia's stock market as well as yesterday, the shares are MRSC of North Caucasus and IDC Holding, went up by 7,149% and 4,434% respectively. Stock quotes Belon add 9.492% today on reports that the largest consumer Belon - Magnitogorsk Iron and Steel Works (5,376%) - may double their share in the company. Also today it became known that, Belon Group has completed the signing of pickup contracts for coal for the next four months at the prices at 3 - 3,1 thousand rubles per ton.

papers Pharmacy Chain 36 and 6 went up by 4.947% on reports that the company PROTEK and CJSC Management Company Pharmacy chain 36,6 signed an agreement on the terms of repayment of the outstanding amount of debt, which amounts to 153.8 million rubles.

into positive territory traded securities of banks: VTB Bank (2,53%), Sberbank (1.09%).

also the leaders of growth stocks are Russia's oil and gas sector. As of today, comes into force the Government's decision - oil export duty set at $ 240.7 per tonne. Quotes LUKoil rose 2.44%, Gazprom Neft - on 2,03%, Gazprom - on 1,63%, Surgutneftegaz - on 1,56%.

By 12.40 Moscow time the MICEX index rose by 1.519% and amounts to 1215.38 points, the RTS index rose to 0.840% to 1265.09 points. Trading volume on the MICEX exchange is $ 1 854.65 million

Prices ADRs for Russia's actions in London (in dollars per share) are: LUKOIL - 56, Norilsk Nickel - 125.6, Rosneft - 7.72, Rostelecom - 4.817, Gazprom - 5.92.

oil market again observed correctional movement down. By 12.40 Moscow time, the September futures for Brent crude traded at $ 68.55 a barrel, Light - $ 70 per barrel.

At the appointed time on the MICEX per dollar 30.0590 rubles provide for one euro - 43.8362 rubles. Thus, the value of currency basket has declined and now stands at 36.2587 rubles. By 12:40 Moscow time the euro /dollar is at 1.4581. In the short run looks like some possible technical decline in the relative value of Russia's currency against the world's leading monetary units under the influence of the overall fluctuations of the world currency market, which occurred in recent days, and also not ruled out action CBR. Medium-term prospects of the dynamics of the course RUB respect, above all - to the USD, is also represented as bear in nature. Nevertheless, given the persistence of high rates of price growth of financial markets in Russia, and against the background of continuing low inflation rates of Russia, the scenario is relatively significant weakening of Russia's currency on the international FX, might be postponed. The achievement rate of USD /RUB in October of this year marks near 29.00 at the moment looks like, in general, possible , - believed Alexander Osin, chief economist UK Finam Management .

It is worth noting that today the International Monetary Fund issued a report on the prospects of world economy. According to the report, the IMF expects Russia's GDP in 2009 decreased by 7,5%, which is 1% less than its July forecast. In 2009, Russia will survive a deep recession with falling GDP to 7,5%, followed by weak growth in 2010, which will contribute to a more active fiscal policy, the improvement in prices in commodity markets and economic recovery in Europe with the United States - says the IMF report. Inflation in Russia in 2009, according to members of the IMF reach 12,3% in 2010 - 9,9%.

Today in the United States at 16:30 Moscow time there are data on thenumber of initial applications for unemployment insurance for the week ending Sept. 26. At 16:30 Moscow time - data on personal income in August. Also during this time will be published data on personal spending in August and the data aspen index for personal consumption in August. At 17:00 Moscow time to start the speech of the Federal Reserve Ben Bernanke. At 18:00 Moscow time, there are data index of business activity in the manufacturing sector in September. At 18:00 Moscow time, bidders are waiting for data on the cost of construction in August and the data on outstanding transactions by selling real estate in August. Early October promises to be rich in macro-economic reports. The main publication on Friday will be a monthly report on unemployment and employment outside the agricultural sector of the United States. However, market sentiment has recently formed so that more reactions can be expected to negative messages, as for the continued growth investors need more weighty reasons , - says Ekaterina Belova Brokerage Firm Lenstroymaterialy.

According to Alexander Razuvaev, head of analytical department of IR Gallio Capital, and the evening American statistics to a large extent determine the completion of today's Russian auction.
  

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