At the local site is expected to moderate positive opening

Written by admin on August 4th, 2009

In Monday trading session on the Russian stock market ended with a significant increase in the leading index: 4.96% RTS, MICEX 4.33%. The continuation of the rally in the oil market contributed to a strong demand for commodity paper companies. Oil and Gas Sector: Gazprom 4.34%, Lukoil 2.61%, 4.19% Rosneft, Surgutneftegaz 5.07%.

Banking: Savings Bank 9.04%, 3.76% VTB. Sector of non-ferrous metallurgy: MMC NorNikel 4.33%, Polyus Gold 8.58%.

European indexes finished trading confidence rising: the British FTSE100 1.61%, German DAX 1.78%. U.S. indexes also closed in positive territory. Statements by the former head of the U.S. Federal Reserve Alan Greenspan that a recession in the United States is coming to an end and that the pace of the country's economic recovery may exceed the forecasts of many experts, supported by bulls. Data on the U.S. index of industrial activity have better expectations, which also contributed to the growth of American indices. Moreover, the added positive news from the market of raw materials: many industrial metals reached a maximum in November last year against the backdrop of positive data from China (the index of managers on deliveries rose in July to an annual maximum, because the renewed domestic demand increased manufacturing activityin the country). The result: DowJones 1.25%, SnP500 1.53%, Nasdaq 1.52%.

Before opening

Asian session shows divergent trends: Japanese Nikkei225 1.06%, Chinese Shanghai Composite -0.24%, the Australian Index All Ordinaries 1.61%. U.S. futures at SnP500 0.01%.

Quotes Ruble are now at around 30.91 (Forex). Oil brand Brent 73.44 (-0.15%). The pair euro /dollar. Traded around 1.44.

Recommendations

expect a moderately positive opening of the domestic sites. American SnP 500 Index managed to gain a higher mark key points in 1000, high oil prices, a positive external background - all this allows you to count on continued growth in the Russian stock market. It should also be noted that the achievement of many indicators of its local maxima (indices in the United States, oil) can be regarded as a reason to commit profits - investors need to take respite. Assume that after the opening of the domestic court will be traded on the levels of the morning, waiting for news from the west, which may influence the outcome of the tenders. Of the domestic investors will be interested in news reporting for the VTB Group 1 quarter of 2009 under IFRS, which will be released at 10.00 Moscow time., A teleconference will be held at 17.00 on reporting results for the period. In any event, the players it makes sense to fix part of the profit, because the probability that the days of the rally is nearing completion. First of all, it refers to securities: Sberbank, Rosneft, Tatneft. Expected data for today: 12:00 Producer Price Index (euro), 16:30 personal income and expenses (United States).

Authorize and appreciate the story;;

3 users rated material at 2.


Analyst Ratings


Russian stock market will start the day at yesterday's positions in an attempt to overcome the level of 1100 points
Today in individual securities may be a residual demand after the explosion of the previous day
Today, speculators and investors will not be able to relax after yesterday's race market
Today is a record profit for the long positions, and the open short position
The price of oil bids on Monday rose above $ 71 U.S. a barrel, the highest level over the past 7 weeks
Among the potential of today's trading session favorites, you can allocate shares NorNikelya and oil and gas companies
External background at the opening of the Russian market is moderately positive, rising to close America, Asia traded mostly up
In the 1 quarter of 2009, VTB received a net loss under IFRS of $ 20.5 billion rubles
The players are optimistic on the background of positive dynamics of the trading in the U.S., which updated the records of the year

 

Leave a Comment