As a result of the morning decline futures Brent crude sank to a level of 72.7 dollars per barrel

Written by admin on February 21st, 2010

Asia will support the "bears"

Today, we expect a negative opening on the Russia market. External background, in the form of lower oil prices and falls in Asian markets, will contribute to sales and would "bear" to resume the negative dynamics. Thus, in the first minutes of the MICEX index is likely to fall to the level of 1400 points, and may reach the level of support at 1390, of which perhaps the beginning of corrective growth. Thus players will follow a news background, where it is worth noting the preliminary GDP data for the UK and U.S. consumer confidence index.

hours trading on the Russian sites have opened lower quotations, helped by a negative external background, but the bulls were able to seize the initiative and, thanks to the restoration of European sites and correction to higher oil prices, Russia"s output of paper into positive territory. By the end of the day the market has faced a wave of sales, which contributed to the negative statistics from the secondary market for U.S. housing, resulting in part of the increase was compensated. As leaders of growth Sberbank and Tatneft, adding 1,8% and 1,5% respectively. Worse market closed Norilsk Nickel (-1.9%) and Mosenergo (-1.6%). As a result of trading the MICEX index added 0,39%, ending the day at 1,415.86 points.

traded on the American sites have opened a small increase in quotes. Subsequent data on the secondary housing market, led to a correctional movement, which resulted in the major indices had returned to levels of previous day"s close. However, the markets managed to close in positive territory. As a result of the auctions the index Dow Jones and S P500 added 0,23% and 0,46%, NASDAQ index rose 0,25%. At the morning session, despite good reports of American companies, futures on S P500 index shows negative trends and to 9.50 traded at 1,083.25 points.

energy market after the closure of our continued growth, but the morning of the dynamics change drastically. As a result of the morning decline futures Brent crude sank to a level of 72.7 dollars per barrel.

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Analyst Ratings


Indexes in Asia, falling due to fears of tightening credit conditions in the PRC
U.S. indexes rose on Monday on 0,2-0,5%, futures cheaper Tuesday
Falling quotations Russian securities may be quite large-scale
The increase in apprehensions of investors around the world leads to further subsidence of stock indices
Refusal to zero export duty from oilfields in Eastern Siberia would adversely affect the shares of Surgutneftegaz, TNK-BP and, above all, Rosneft
Dollar exchange rate to the ruble on the Moscow Interbank Stock Exchange now stands at 30.31 rubles
In the current conditions under the greatest pressure may be shares of banks and commodity companies
Almost all of Russia"s blue chips are in the "red zone": Gazprom (-1.47%), LUKOIL (-1,97%), Sberbank (-1.95%)
If fear of slowing growth of the Chinese economy will go into panic, full drop in world markets can not avoid

 

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