At Russia's stock market is expected to continue confident of growth in the absence of a deep correction in the near future

Written by admin on October 12th, 2009

At Russia's stock market on Friday once again dominated by buyers. Thus, each trading session last week the growth of the domestic stock exchanges closed. During this time, our main stock index added more than 100 points each, updating the historical highs. As a result of trades on Friday the MICEX index rose to 1308.14 points (2.32%), the RTS index rose to 1372.11 points (2.78%). RTS Index futures exceeded the underlying asset at 12.5 points. Last week, the RTS index soared by 12% and the MICEX index - to 11.3%.

At the western sites on Friday dynamics were mixed: the American Stock Exchange have worked in a plus, but the major European indices were unable to cope with the factor on Friday and finally demonstrated the dynamics of the differently directed. Nevertheless, the past five trading sessions, investors in any case could take credit. Last week SP added 4.5%, Stoxx 600 rose 3.7%.

Oil futures rose slightly on Friday and continued to rise in price on Monday. By the opening of the domestic market barrel, London Brent traded above $ 70.5. At the Asian sites in the morning there countervailing dynamics, despite the weak growth of futures for U.S. indices. Against this background, we expect to continue this positive trend in Russian markets. And over the next week the situation on the stock exchanges in general are unlikely to change radically. The abundance of cheap money and greedy investors will continue their bull case. At the same time, representatives of the Fed, the ECB and the Bank of England has not even hinted at a possible tightening of monetary policy. Moreover, now gathering pace in the U.S. corporate reporting season for the 3rd quarter, where the surprises will be, probably, at least not less than unpleasant. All this promises the continuation of confident growth in the absence of a deep correction in the near future.

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Analyst Ratings


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Kommersant: Resorts of Crimea took 13% fewer tourists
The achievement rate of USD /RUB in the coming week marks near 29.00 at the moment looks possible
Further movement of Russia's market will depend on currency fluctuations and on the quarterly results of companies in the U.S.
Monday in the information plan promises to be quite calm
Today the paper Norilsk Nickel may rise in the price of positive expectations of the forthcoming accounting for 1 half of 2009
It is possible that Russia's market and today continue to update the maxima
Russia market will continue upward movement, determining factors will be the SP futures and the dynamics of oil
In the absence of significant release of statistics and corporate reports from Russian players will not be grounds for intraday Games

 

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