Market participants on Wednesday will wait for the outcome of the next meeting of the Fed, so it is unlikely to dcf2ecline

Written by admin on February 22nd, 2010

optimists were afraid to come to market

to 17.00 reduction of the MICEX Index was 2,4%. On the morning of the market optimism could only be unhealthy: healthy optimists were afraid to enter the market with orders to purchase. After dinner, while the MICEX index pushed away from the support of 1,370 points (due to the stabilization of oil prices), there were signs of a healthy optimism. Oil Minister of Saudi Arabia believes that the price of oil is between 70 and 80 dollars per barrel "almost perfect" and may encourage investment in increasing energy supply to meet global demand (RIA Novosti).

In early trading on investor news crushed to tighten monetary policy, Bank of China and the decline of the recommendations Goldman Sachs on the banking sector of China. Shares of Sberbank show the dynamics of "good market", in late trading situation has stabilized. Feels that many investors have reconstructed their portfolios in favor of "Savings Bank" - published last month recommendation investdomov indicate a target price range 126,5 - 135,5 at the current price of 86.2. We are skeptical of the long-term purchase of "Savings Bank", but one must admit that the yield strong statements for the year 2009, further fueled interest in increasing the proportion of shares in the portfolios of investors. Gazprom shares traded with decreasing 2%. News from the meeting of the board of directors received the late afternoon and if they are positive, then tomorrow it will be difficult for investors to buy the share in the range of 175-176 rubles.

market participants on Wednesday will wait for the outcome of the next meeting of the Fed, so the continued decline is unlikely. Negative developments, on Thursday, the MICEX index pierce support 1,370 points, and drop to the level of 1310 points. There is still a faint hope that the bad news to come, and bears on Thursday will be so much that they"ll be stuck in the doorway of the market and because of that share prices do not fall.

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