If tomorrow the statistics from the U.S. will be positive, Russia”s stock exchanges will continue to move upwards

Written by admin on February 22nd, 2010

The domestic market during the current session, as expected, struck down the level of 1400 points on the MICEX and dipped further to 1370 points. However, turning up the oil futures in mid-session, as well as output overcomes the statistical predictions of consumer confidence in the U.S. at 18.00 Moscow time, caused a stir purchases in the late afternoon.

At the end of the day the RTS index fell by 2.8%, MICEX - by 2.2%. Worse than the rest of the paper looked like oil and gas industry and metallurgy. More than 3% of Gazprom shares have lost oil, Rosneft, Severstal. However, in the black day finished InterRAO shares (2.95%) and Tatneft prefecture (0.12%).

Tomorrow basic data will be published closer to the closing of the auctions - this is the dynamics of the primary sales in the U.S. housing market, as well as changes in stocks of petroleum products in the U.S. economy. Also, after the completion of Russia"s session, the Fed will announce a revised interest rate for the near future, which is likely to be retained at the previous level of 0.25%. While overall statistics will be positive, Russia"s stock exchanges will continue to move up from today reached a strong support.

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Analyst Ratings


Course currency basket to the ruble on Tuesday rose by 0.52% to 35.913 rubles
MICEX index compared with the value at closing of the previous trading day decreased by 1.998%
Reducing Russia"s stock market will soon end
Downward trends in the market may be continued in the near future
In 2009 inflation in Russia is 6 times higher than the growth in consumer prices in Europe
In 2010, FGC UES will begin construction of seven facilities in the Far East
NBU notes the failure of several banks" plans to increase capital in 2009
As a result of trading the MICEX index lost 2.19%, ending the day at 1,384.79 points
Until the end of this week the market of Russia will consolidate in the region of 1 400 points mark for the MICEX

 

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