In the growth leaders today were shares of steel companies, which is also supported by positive news about the Rusal IPO

Written by admin on January 30th, 2010

Recovery of commodity prices held the rise in stock markets, pushing into the background with the debt problems of Greece, which led to the recent investor flight to quality, which led, as a result, a correctional reduce the world"s major indexes. Nevertheless, despite the rather positive development of the trading in Latin America, today dominated by sales in Asia, mainly due to the weakening dollar, a destructive influence on the profits of exporters. The mining sector, meanwhile, looked better than the market that can lay the foundation for continued growth along the Russian indices today"s trading. We believe that with the restoration of quotations of oil and key industrial metals, Russia"s stock market can now add about 1%, thus going up to 1500 n. on MICEX, but in the future we can not rule out increasing sales.

Yesterday U.S. trading floors were closed in observance of Martin Luther King Day, but trading in Latin America resulted in the growth of the major indices, supported by the recovery in commodity prices. In addition, with the departure of the background themes with Greek debts, there has been the strengthening of the euro against the dollar, thereby providing an additional incentive for capital inflows into commodity assets.

However, today the stock markets of Asia once again dominated the sale. MSCI Asia Pacific Index lost about 0,5%. Outsiders are trading bank shares suffered from not too convincing reporting JP Morgan, as well as securities of companies in the technology sector with a significant share of export earnings, which played against the strengthening dollar. Nevertheless, the commodity sector, both in America and in Asia looked better than the market, which should provide support for the domestic market shares.

Russia"s indexes were opened today at yesterday"s closing levels. In leaders of growth were the shares of steel companies, which is also supported by positive news about the IPO of Rusal, which increased the range of accommodation up to $ 2,3-3,1 billion against a background of improving the situation on the market of raw materials. In addition, selective demand recorded in the papers of the electricity sector (IDC Holding, Irkutskenergo).

We believe that a recovery in external markets will be temporary. Now come details on the profit Citigroup, one "problem" U.S. banks, and there is a risk that the reporting on U.S. bank capital can resume the flight to quality.

log in and see the material;;

2; user rated material on 3,5.

Analyst Ratings


Board of Directors of Japan Airlines has decided to bankruptcy airline
Kommersant: Importers shorten
Fuel geometric

New Year in Ukraine began to increase in prices of petroleum products ...


Ukraine may be new "Khrushchev"

predicting the real estate market square meters of 300-400 dollars ...


Russia Market in no hurry to be adjusted, the money coming into the market can maintain its position
The level of support for fixed-term contract on RTS index performance in March for today - 158 950 points
The dynamics of trades within the day will depend not only on the situation on the oil market, but also on the news from Europe and the U.S.
In relation to many developing markets of Russia"s market now looks cheap enough
After lunch, the market of Russia will be possible to release reporting Citigroup, and which will form the basic dynamics of the movement of stock and commodity markets

 

Leave a Comment