Impact on the bid today will have the financial results the bank JP Morgan Chase, as well as Google and IBM

Written by admin on July 16th, 2009

On Wednesday, the short-term market experienced strong growth in prices. The market opened with gepom up, continued the upward momentum. Futures on the RTS added 2.9%, spread to the asset base decreased from -17 to -13 points. In the market of options on the RTS players cut positions in the call at 900 points and built up positions in the call for levels of 950 and 1000 points.

Gazprom contracts traded stronger than the market, adding 4.2%. Bidders are actively included in the contracts, which led to an increase in open interest at 3%. In options you can see an increase in call open interest at the levels of 150-155 rubles, but the implied volatility on these Staiki reduced. Of the most liquid futures rise of open positions seen in the Lukoil contract. This interest has grown by more than 7%. Contracts by Sberbank and VTB traded slightly weaker than the market, adding 1.3% and 2.4% respectively.

evening trading session brought a new wave of optimism to the flash market. Following the American stock sites, add to 3%, futures on the RTS index rose another 2.9%. Also, strong growth in contracts, Lukoil, Sberbank and VTB, each of which has grown by more than 3%.

On Thursday, a major corporate reporting, published in the United States, should provide the results of the bank JP Morgan Chase. We also expect the output data from Google and IBM. All of these companies analysts expect profits in the second quarter. Also at 16:30 Moscow time went traditional data applications for unemployment benefits, analysts expect the reduction to 535 000. By the opening of tenders in Russia, Asian sites added 1.2%, futures on S P500 adjusted to 0.5% after the rapid growth of the previous day. Quotes of contracts for WTI are near the levels of closure environment - $ 61.5 per barrel.

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Analyst Ratings


In the first half of the day on the Russian stock market correction is expected to bottom
MICEX Index has all chances to achieve as soon as possible 980 points, which implies the potential of even 4% growth
Fixed-term contract on RTS index is able to continue to rise until the resistance level near 94 000 items
Today, the MICEX index rises above 950 points mark
RTS Index today is likely to overcome the line of 900 items
Russian indices today at the opening could grow at 3-4%
Tenders for the single European currency, will be held today in the range of 1,402-1,418 USD
At the end of Wednesday trading on the market shares of the MICEX Stock Exchange amounted to 97.88 billion rubles
During the 1 half of 2009 turnover of East Port increased by 88% and amounted to nearly 7 million tons

 

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