end of the fiscal year
Given the positive in world commodity and stock markets, today one can predict the opening of Russia's stock market in the green zone. Growth indices at the opening should be approximately 1%. Probability of sanctions against Iran becomes a new asset bull market for oil. However, we do not think thatoil prices will leave our forecast corridor 65-75 per barrel. Start ESPO at the end of the year becomes a local positives for Rosneft, which will become a major exporter of raw materials in an easterly direction. However, we reserve the cold attitude to the papers of Transneft, because of low corporate governance. We also believe that, despite known problems with the budget, the state is unlikely to reduce its stake in the pipeline monopoly. Today Novorossiysk Commercial Sea Port will issue its financial results for the first half of 2009 under IFRS.
Completion bidding will depend as usual on American statistics. Today at 18.00 Moscow time, will be published index of consumer confidence (Consumer Confidence) in September 2009, expectations - 57.0. Tomorrow the part of international investors is completed fiscal year, and it is probable that the outcome of tomorrow's trades they want to draw on Russia's stock market prices are beautiful, of course it is, above all, respect to securities that are included in the MSCI, especially the shares of Gazprom and Lukoil.
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Ekperty schityuat that the recent rise of the dollar has been speculative ...
Analytical review of the Forex Market for September 28
USA: intentions Xerox and Abbott Laboratories called a general optimism
MFI confirms the competition on sale of SCR 29 September
Xerox to buy Affiliated Computer Services for 6.4 billion dollars
National Bank foreign exchange auctions to prop up the hryvnia
Analyst forecasts: The positive external background contributes to the continuation of the uptrend in Russia's trading floors
Analysts are not unanimous in their opinion on the dynamics of stocks from API: predictions diverge from the fall to 2.5 million barrels. to growth at 2.6 million barrels.
Trading volume on the stock market, MICEX Stock Exchange on Monday amounted to 96.03 billion rubles
If the bears all the same will go below 1150 points, it will lead to massive profit-taking, and will mark the beginning of the correction