At the opening of the Russian market will continue to decline following the commodity trading companies

Written by admin on July 30th, 2009

On Wednesday, under pressure from the negative external background of the Russian stock indexes opened decline. During the day, support the growing European markets have stock market indicators, but the negative trend in oil prices has had a significantly higher pressure, resulting in the RTS index fell by 2,80%, MICEX index fell by 1.54%.

Against the backdrop of falling oil prices falling share prices of oil and gas companies: Gazprom (-1.54%), Rosneft (-0,1%), Lukoil (-0.8%). Papers banking sector looked slightly worse than the market: Sberbank (-2.4%), VTB (-2,4%). Shares of steel companies have demonstrated mixed dynamics: CIM (-1.2%), NLMK (0.4%), Severstal (1.6%).

On Wednesday U.S. stock indices closed in the negative range, in particular, S P500 index fell by 0.5%. The market declined after the shares of commodity companies, the pressure that had podeshevevshie oil and metals. At the same background of the Asian indexes today show predominantly negative trends. Oil prices dropped sharply yesterday after the published data on stocks of fuel in the United States, under which oil reserves increased by 1.5% instead of the expected decline. Price barrel of oil brand Brent is at a level of $ 66.5.

According to our estimates, this morning's background again negative for the Russian stock market. Most likely, at the opening of the market will continue to decline following the commodity trading companies. However, the increase in futures on U.S. stock indicators able to support the Russian index. In the course of today's trades may affect the data on the number of applications for unemployment benefits in the United States, which will be published in 16.30.


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Analyst Ratings


Today, oil prices will begin to occupy the former position in the light of optimism returning to the world stock markets
The level of 980 points on the MICEX index becomes a key point in the struggle for which he will determine the future direction
The next wave of the fall of the ruble will have a negative impact on the quotations of securities of banking sector
In the near future on the Russian market is not ruled out another correction down
The volume of trades in the market shares of the MICEX Stock Exchange amounted to 94.97 billion rubles
All investors are gradually concentrated on U.S. GDP data for the 2 nd quarter of 2009
In the case of deterioration of the external background next goal is a reduction in the region of 950 points on the MICEX index
KAMAZ stop work conveyor for a month
United States: the decline in commodity prices adversely affected the indices

 

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