Data GDP remains the main intrigue of the week
rebound, which began yesterday, today, was continued through the "soft" nature of the allegations BS Bernanke. The main orientation of the day inside the dynamics of oil futures, which were restored to the weakening U.S. dollar. Powerful drivers of growth and served as a statement by the President of America Barack Obama on stimulating the U.S. economy, as well as positive statements of Western companies.
important event of the day was the announcement of the statistic data on the U.S. economy. Number of applications for unemployment benefits and orders for durable goods fell short of expectations, and the number of beneficiaries fell to an annual minimum and neutralized by the negative effect of weak data.
The main growth in the U.S. market fell on the eve of the end of the trading session. USA markets closed near the maximum values of the day. The closest resistance level for the Dow Jones index is a mark of 10290 items, where the lower boundary of the uptrend in which the index was trading in late July last year. In my opinion, medium mood may decide tomorrow, as will be announced preliminary data on U.S. GDP for the IV quarter of this year. Expectations are optimistic, and if they justify the Dow Jones could return to the uptrend and a foothold in it, that will form a significant growth potential.
At Russia"s definition of medium market sentiment could also be linked to GDP data - Key statistics of the week. Despite the rebound, observed in the domestic market, the second consecutive session, the MICEX index is trading near the lower boundary of the channel. Weak GDP data may lead to penetration of the border down, which may give rise to serious correctional movement. If the GDP data will be stronger than forecast, it is not possible to establish in the near future a new annual peak on ruble indicator.
Many Russian marketable securities of issuers in the basket went up to the levels of resistance. I recommend to take profits in the first place on the shares of the banking sector, because, from a technical point of view, they have the potential to change the dynamics. At the start of the session papers banks formed gepy up, which have not been closed. Growth in shares of Sberbank suspended the lower boundary of the rising channel, in which the securities were traded before, but for Vneshtorgbank has become an insurmountable obstacle mark 7,5 cop. In my opinion, for the formation of medium-term position is to wait for data on U.S. gross domestic product, which can significantly alter the course of bidding. In the case of penetration of Sberbank of resistance in the form of bottom of the channel (88.75 - 89.10 rub.) You can open a position for the future in order to reach the upper boundary of the channel, which will lead to renewal of the annual maximum.
| log in and see the material;;
3; user rated material on 4,7. |
Analyst Ratings |
The only "fly in the ointment" in a news background - the negative data on sales of durable goods
If the wave is positive continue, paper Rosneft may test resistance as the uptrend from the July 2009
In leaders enhance the action of the banking sector: "Savings Bank" an (2,7%), VTB (3.9%), as well as shares RusHydro, which added 3,89%
Xetra DAX index rose 0.73%, FTSE 100 added 0.7%, CAC 40 rose to 0.64%
Oil prices and the Chinese Bear
Indicator RTS-2 added, following today"s session, 0,48% and amounted to the closing of 1,497.25 points
On the ruble bond market on Thursday there has been growth in investment activity of players
Presumably the spring is still room for growth of stock quotes ConocoPhillips
As Hoenig markets worried