As one of the most favorable sectors should now be noted Metallurgical Sector

Written by admin on January 30th, 2010

While the market situation remains relatively calm, but it is only from the outside. Speculators hiding and waiting: the chance to earn the achievement of the new local maxima in many of Russia"s securities on the background of positive data reporting from overseas and a favorable pricing environment. The idea that relatively soon shortage of raw materials rather obviously feel the world economy because of its gradual recovery will ensure the growth of demand, of course, fuels the market participants.

As one of the most favorable sectors should now be noted metallurgical sector, in particular, the securities of issuers engaged in the production and extraction of non-ferrous metals, since these securities have not been able to win back the growth in metals prices. For speculative work perfect paper Polyus Gold and Polymetal. Pay attention and stands on the bank sector in the light output of a large number of bank statements for the Ocean: Present before the opening of the U.S. sites will report to Citigroup, but tomorrow will report Bank of America, Bank of NY, Morgan Stanley, Wells Fargo, US Bancorp. On the oil market situation was extremely positive and underpinned the growth of capitalization of the Russian index, the price of a barrel of oil has risen in price for the first time in six trading days.

reluctance to sell was related to the statement of the Minister of Energy of Qatar, that the cartel OPEC has no plans in the near future to change production quotas because of the continuing high level of stocks. After yesterday"s announcement by China"s plans emerged to build strategic oil reserves in 2010 year, which could lead to an increase in the volume of its imports
15% and displays quotes for new highs.

Note that there is now a fairly widespread view that, with the III quarter of this year on world commodity markets, there sustained shortage of oil, when demand exceeds supply in connection with the release of the world economy from the current crisis. First with the prediction made on the eve of a major U.S. bank Goldman Sachs. According to the bank, the fall of oil consumption will reach the level that existed in the world economy at the start of the crisis, but this growth is possible in a situation where the oil industry has been denied in the past almost 3 years of major investments, because of what it will be possible shortage of oil which will intensify. On the U.S. market yesterday, trading is not conducted in connection with the celebration of Martin Luther King.

Today in Russia the market after a lateral opening during the day, we look forward to continuing to side views of the second half of the day before the release of statistics from the U.S. and report Citigroup, where everything can change in the opposite direction. Steel sector is also yet to favorites against deployment Rusal and prices for metals.

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Analyst Ratings


IEA: OPEC does not need to increase the level of oil production in 2010
Kommersant: Guarantee quality without

The state support shafts reduces their investprivlekatelnost ...


Forex Asia
Russia"s players record profits, with the direction of further movement of the market will be determined after reporting Citigroup
At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 83.1915 billion rubles
Negative factor in the market of non-ferrous metals appear significant fluctuations in the currency market and weak demand
The worst of the market, probably under the influence of technical factors, the securities traded today, a number of metallurgical and mining companies
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank and VTB
Shareholders fund Finam - Information Technologies "will receive the investment income

 

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