Against the background of the negative dynamics of the banking sector in the United States, may be worse than the market shares of Sberbank and VTB

Written by admin on July 23rd, 2009

Positive opening against the backdrop of rising oil

The opening of the Russian market on Wednesday was held in an attempt to keep the level of 1000 points, but the wave of sales that took place on the market after the first half of trades, increasing the market lower. Attempting to bulls to restore the quotes end with an exit report Morgan Stanley (of -1.37 dollars per share, expected dollar -0.49 per share), which has negative equity at the site, resulting in continued decline. Worse than the market finished the day Uralsvyazinform and Tatneft, the losses which amounted to 6.3% and 4.2% respectively. The company they were Norilsk Nickel (-3.6%) and Sberbank (-4.1%). Better market were Sevrstal (4%) and preference shares of Rostelecom (3.63%). At the end of the trading the MICEX index lost 2.2%, down to the level of 981.

U.S. markets held Wednesday in the lateral movement of previous day's closing level. All attempts to bring the market into positive territory failed. At the end of the trading Dow Jones Indexes and the S P500 declined by 0.39% and 0.05% respectively, the NASDAQ index gained 0.53%. At the morning session, futures on S P500 demonstrated positive momentum and has reached a level of 9.50 to 955 points.

energy market after the closure demonstrates recovery. Already at the morning session, the futures contract for Brent crude oil brand to overcome the level of 67 dollars per barrel. As a result, the 9.50 level it traded at 67.5 U.S. dollars.

Today the Russian market, we expect a positive opening and the bulls once again attempt to extract the market above the level of 1000 points. The occasion will be the growth of oil quotations that make the growth leaders in the oil sector. In doing so against a background of negative dynamics of the banking sector in the United States, the market may be worse than Sberbank and VTB. Affect the dynamics of trades today may come as continued reports of U.S. companies, as well as data from the labor market, which will be today at 16.30

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Analyst Ratings


Forex - results of day
Level of support for the index of the MICEX today by the levels of 980 and 950 points
Paper metallurgists will grow in anticipation of possible actions of state that may follow from the Prime Minister
Domestic indexes today are likely to be able to compensate for the loss of yesterday's trading day
Today, better market share will be traded oil and gas companies, and metallurgist
Futures on the S P500 again in green, you can count on the resumption of purchases and the domestic market shares
Bases major futures on the basis of the evening session remained in positive zone
Bidders short-term market quite aggressively closed position at all liquid Futures
The opening bid on the Russian stock market is expected to break up 0,5-1%

 

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