Morning increase on domestic exchanges can be offset by reduced daytime

Written by admin on September 22nd, 2009

Monday trading on domestic exchanges opened lower quotations. External background, as a reduction in Western stock pads and energy prices, has allowed bear throughout the trading session have priority over the market and did not let the market chances even minimal correction. The leaders are reducing paper Polyus Gold and Uralsvyazinform, whose losses have amounted to 6,4% and 6,2% respectively. The company has made them Surgutneftegaz (-5.8%). Despite the negative mood of the market in positive territory ended the day shares of OGK-5 (7%) and Mosenergo (0,4%). As a result of trades on the MICEX index fell 3.58%, ending the day at 1,165.11 points.

traded on the American sites have opened lower quotations. In the first hours of trading the major indices losing streak 1%, but subsequently there has been recovery in the markets, which enabled them to partly compensate for the drop in the morning. As a result, the indices Dow Jones and S P500 to close down on 0,42% and 0,34% respectively, the NASDAQ index rose by 0.24%. At the morning session, futures on S P500 index shows the growth of quotations and 9.30 is trading at 1,061.75 points.

energy market after the closure of our consolidated at the levels achieved. Attempts to bear to divert futures on Brent crude below the 68.2 dollar failed, resulting in a contract ended the day at 68.5 dollars per barrel. At the morning session, there has been a wave of recovery, but to gain a foothold above the $ 69 in futures failed. By 9.40 next contract for Brent traded at 68.9 U.S. dollar.

Today, our market we can expect growth of quotations on opening. The rebound will be triggered by the dynamics of American markets and rising oil prices. It is likely that the mid trading session lower would be renewed and the MICEX index by the end of the day could not update yesterday's lows. Today begins the U.S. Federal Reserve meeting, following which the players are waiting for maintaining rates at current levels, as well as the accompanying comments, in which the players will look for hints of future actions the Fed and maintaining support for the economy at current volumes.

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