Expected range of current fluctuations in the index MICEX - 960-920 items, RTS index - 925-900 points

Written by admin on July 16th, 2009

Yesterday, a natural positive attitude most of the participants bidding for a wave of optimism, visiting the world's stock and trade areas, has led to the final growth of the main Russian indices in the continuation of the 3-day technical rebound (RTS index - 2.46%, the index of MICEX - 5.59%). Moderate increase the opening, a lateral momentum in the middle of the day and finish strong against the backdrop of significant growth in world oil prices and optimistic opening of Wall Street. The leader of the trading - shares Nornikelya against the backdrop of significant increases in world prices for nickel and other base metals. In general, a weak dollar and optimism on world equity grounds, China's GDP growth for the 2 nd quarter, significantly above market expectations. All led to a wave of optimism in world commodity markets, and commended the growth of the entire spectrum of the most liquid securities of Russian (Gazprom - 6.92%, Lukoil - 7.6%, Nornikel - 8.05%, Sberbank - 5.79%, Rosneft - 4.55%, Surgutneftegaz - 4.52%, VTB - 4.94%). As before, the low summer activity is in favor of the projected consolidation of the broadband coming weeks. Yesterday's growth - the whole of this consolidation.

Today, thanks largely positive morning external background and residual optimism yesterday the Russian stock market looks forward to a positive open, but very probable fixation intraday gains in the middle of bidding. Advanced morning Dynamics RTS Index, otygryvayuschego yesterday's upbeat finish MICEX. Good growth in the closure of major U.S. indices yesterday (DJI - 3.07%, NASDAQ - 3.51%, S P500 - 2.96%), but the negative dynamics of futures on major U.S. indices now, after the publication of unfavorable financial statements of several companies after the main session. Yesterday, all in favor of a growth Wall Street. Optimistic outlook from American Express about the expectations of future profits has led to the growth of the company's shares at 11.28%. I would like investors optimistic expectations about the reporting of today's JPMorgan led to an increase in the shares of banks. At the end of the day, shares of Citigroup rose by 8.56%, shares of JPMorgan - by 4.5%, shares of Bank of America - at 3.95%. The positive dynamics of world oil prices led to an increase in the energy sector shares. The index of the largest oil companies added to the outcome of the day at 3.6%. Among the most significant statistics - weekly data on unemployment, the index of business activity from the FBI Philadelphia for July. From the financial statements of the attention of investors, in addition to reporting JPMorgan, would IBM.

growth against a background of optimism of Wall Street - the stock markets of Latin America (Mexico - 4.09% Brazil - 4.96% Argentina - 4.46%), but very restrained upward trend in Asia (Japan - 0.81%, Korea - 0.8 %, China - 0.7%, Taiwan - 0.6%).

growth - on the world oil market yesterday, but the lateral dynamics of bids in Asia today. Yesterday helped the growth of the weak dollar, the optimism on world equity grounds, China's GDP growth for the 2 nd quarter, significantly above the expectations of the market, declining stocks of crude oil over the past week, expectations of greater market power for the Office of Information. August futures price of oil brand Brent on the results of yesterday's auction rose by 2.23 dollars to 63.09. In Asia, prices fell by 0.09 dollars. The current market dynamics to determine the dollar trend.

growth against a background of weakening of the dollar and the euro - in the market of the major base metals. As a result of yesterday's auction at the LME, three-month futures price of nickel rose by 8.32%, copper - at 3.92%, and zinc - to 3.01%, lead - to 3.13%.

positive trend - in the ADRs of Russian oil and gas stocks in the United States, a significant positive discount relative to the closing prices of shares on the RTS July 15: Gazprom - 5.65%, Lukoil - 2.24%, Surgutneftegaz - 1.72%.

The Russian stock market is expected to start bidding optimistic significantly advance the dynamics of the RTS index. It is very likely commit arrived in the middle of the day. The end of bidding - on the dynamics of world oil market and the opening of Wall Street since the financial statements of major companies and unit statistics. At yesterday's residual demand in the early days, best market - the dynamics of the shares of Gazprom and Nornikelya.

range of today's fluctuations in the index MICEX - 960-920 items, RTS index 925-900 points.

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Analyst Ratings


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Kommersant: Sugar is not sweet
Forex Asia
Quotations Russian shares vzbodril not even China's GDP growth
Today is expected to publish reports Google, Electrolux AB, IBM, JPMorgan Chase Co., Nokia, etc.
Discount OGK-6 to a similar sound, the potential for future growth of the company's shares restricted
The next goal of reducing the September futures on the RTS index is located in the vicinity of 85 000, then 83 000 items
China's GDP growth could be a positive factor for today's trades on the Russian stock market
While moving up the Russian indices may stall due to purely technical factors

 

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