While the total external background in global markets remained subdued in a positive, because of strong growth is no reason: oil stabilized, the dollar was feeling uncertain and discrete loses in value. Yesterday, he continued reduction in external and domestic foreign exchange market, but rates on the interbank market reached a level of 29.8 rubles. But for the strong decrease of reasons, too, has not seen: for most of the Asian sites on the rise, the metal markets is there an upward trend, futures on U.S. indexes behave more positively. Regarding the prospects for the coming period, they are clear enough, and the trend of market movement closer to the New Year so far remained rather vague. So far, though nobody thinks about it, and any possible growth of the opening is being actively used by speculators to build up short positions, and investors - to exit the market at higher levels.
On the U.S. market trading was closed by growth of leading indexes against the publication of macroeconomic statistics. Positive yield investors viewed the report of the Institute for Supply Management USA, according to which the index of business activity in the services sector in September rose 1.5 points to a level of 50.9 points compared with a revised 48.4 in the August value of the item. Forecast assumes a value of the index in the region of 50 points. An index value below 50 points indicates the emerging decline in non-industrial sectors.
Also yesterday, the market reacted positively to the increase of Goldman Sachs rating on major banks in the country to attractive. Then on the basis of trading on 4,6% and 6,9% respectively grew quotations banks JPMorgan Chase and Wells Fargo. At 3.8% increased securities Bank of America after the American media reported that the company plans to appoint a new chief executive officer, if the current CEO, will leave his post until the end of the year. 8,3% added securities financial services company Capital One Financial, after Goldman Sachs added them to its list of stocks recommended for purchase, as Capital One expects better earnings forecast for the III quarter. At 20% grew quotes one of the largest IT-companies Brocade against the backdrop of rumors that the company is considering options for selling the company. Company officials declined to comment on this information. At 9,5% and 7,8% respectively, shares rose retailers Nordstrom and Limited Brands, and shares of call-center operator Convergys increased in price by 9%. Due to rising oil prices on the basis of trades rose quotes oil sector companies, led by the largest company of this profile in the U.S. ExxonMobil (1,5%) and its smaller competitors Chevron (1,8%) and ConocoPhillips (2,3% ). The growth of the stock price increase ConocoPhillips underpinned by analysts at Deutsche Bank recommendations on them with a neutral to the level of buy.
The oil market quotations of oil futures stamps Light Sweet and Brent declined, which was due to the lack of important news. The negative trend in prices was related to technical sales and profit-taking, which was formed on the basis of last week. In general, for the past week on the oil markets have grown substantially. The official price of WTI crude oil rose for the week of 6%, and the price of a barrel of Brent added to 4,5%. Among the major factors that contributed to sales of oil futures has become weak growth indices in Europe.
company ExxonMobil yesterday announced the suspension of the two units at the refinery in Torrance, California. Recall that at the end of last week there were reports of stopped the installation of gasoline at the company's plant in the city of Baton Rouge in connection with the failure. Also yesterday, the company Valero Energy reported that closes the coke oven and related installation at the factory in the city of Delaware. This week, the Energy Information Administration under the Ministry of Energy will submit weekly data on reserves of oil and petroleum products last week. It is expected that the workload refineries last week fell by 0.6 percentage points from 84.6% last week. We have oil reserves in the U.S. at 11.4%, taking into account the correction exceeds the levels of the previous year, and last week they had yet to grow on 1,3 million barrels. Distillate stocks are projected to increase by 400 000 barrels, although already at the highest level since January 1983 until the year. Gasoline inventories are expected to have grown by 1.2 million barrels.
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