It is likely achieve the level of support for the MICEX index 850 points

Written by admin on July 13th, 2009

Russia

index U.S. consumer sentiment in July, falling below forecast levels, coupled with the continuing negative in the oil market, were the main catalysts for the negative dynamics of the major American stock indexes. Quotations Sears Holdings Corp .- one of the leading retailers lost more than 8% against a background of macroeconomic statistics, as well as the unemployment rate is approaching 10% mark. Stock Exxon Mobil Corp. decreased by 5% because of fears about the fall of the oil market could undermine the recovery in demand. A vast drop in quotations to one of the largest U.S. insurance companies - AIG, has lost approximately 36% to close after comments from Citigroup Inc. that the company may lose the attractiveness for investors after the acquisition of majority of the state.

The Russian stock market came close to the lower border of the ascending corridor's consent to start in January 2009., reaching the position 870p. MICEX index. At the same time, despite the pereprodannost, achieving the level of support for 850p. it is likely that it will be returning to the levels of consolidation of the market in April this year. In the event of breakdown of the level, the next stop for the market is likely to become standard of 800p. to the achievement of bottom line tapes Bollindzhera on a weekly scale, with a continued fall will provide an opportunity to lose the next 50 points, and movement to 750p. MICEX index.

Europe

European shares fell on the tender on Friday, with the biggest losses have the producers of oil, as a negative forecast U.S. oil company Chevron has revived fears about corporate profits. The evening of Thursday Chevron warned that its profit in the second quarter will be lower due to a sharp fall in profitability of refining, and all profits from rising oil prices, largely offset the weak dollar. Paper Royal Dutch Shell, BP, BG Group and cheaper to 0,35-1,12 percent. Quotations German chip manufacturer Infineon rose to 5.04 percent after the company said that plans to issue shares, and Apollo Management LP intends to buy a stake in the company.


FT-SE 100 -31.49 -0.76%
DAX -53.76 -1.16%
CAC40 -42.84 -1.42%

Asia

Asian markets falling on the background of general decline in prices of commodities and assets after the MSCI Asia Pacific Index on fears of a possible delay in recovery of the U.S. economy. Taiwan Taiex Index fell by the maximum value for the last month, driven by concerns about the negotiations in trade agreements and the actual steps to implement them. Samsung Electronics Co .- fell by 3.3% on the bid in Seoul, after the collapse of consumer confidence in the United States. Cathay Financial Holding Co .- lost 6.7% in Taipei, following a statement by the official authorities of the possible signing of an agreement with China next year.


NIKKEI 225 -236.95 -2.55%
HANG SENG INDEX -454.85 -2.57%
SHANGHAI SE A SHARE INDX -35.12 -1.07%
SHANGHAI SE B SHARE INDX -0.88 -0.44%
KOSPI INDEX -50.50 -3.53%

United States

U.S. stocks fell at the auction on Friday except for the technology sector after the oil giant Chevron lowered forecast earnings for the second quarter of 2009, and the index of consumer sentiment fell instead of the expected growth. American Chevron Corp expects that its results will have a negative impact of sharp decline in revenue from oil refining in the United States and that the rise in oil prices нивелирует weakening dollar. Trading on U.S. stock markets were very volatile, as investors monitor the records of companies, trying to predict the prospects for economic development. Aluminum producer Alcoa Inc, announced on Wednesday on a smaller loss than expected, raised the positive tone of the corporate reporting season. SP 500 Index was able to rise to 40 per cent since March in the wake of the minimum expectations of a quick economic recovery, but investors are wary of forecasts of economic viability of recovery.


DJIA -36.65 -0.45%
SP 500 -3.55 -0.40%
NASDAQ COMPOSITE INDEX 3.48 0.20%
NASDAQ 100 4.86 0.34 %

Closure ADR GDR trading on the western sites were divergent in nature.

Gazprom 0.26%
Rosneft 0.81%
Surgutneftegas 1.31%
MMC Norilsk Nickel -0.19%
Rostelekom -0.18%
Gazpromneft -0.53%

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Analyst Ratings


In Asia, the beginning of the week was greeted in the negative tone
At present, the main concerns of investors will be linked to the publication of corporate reporting
FT: Microsoft prepares to compete with Google
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Recommendations on shares of Gazprom, Gazprom Neft, Lukoil, MMC Norilsk Nickel, Rosneft, Sberbank
The closest support level shares Lukoil is in the vicinity of 1280 rubles
This week on the market of non-ferrous metals resumes upward trend
Prices EUR /USD move to the level of support 1.3900
Overview of the foreign exchange market 13.07.2009

 

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