Russia”s shares will resume at the opening of decline, and the MICEX index step back to 1420 items

Written by admin on March 23rd, 2010

Russia stock market has demonstrated differently directed trends in the main indices, because the RTS added 0.56% to 1,507.15, in turn, the MICEX retreated 0.39% to 1,431.08. Bidders chosen to be fixed against the backdrop of rapid growth in recent days. Besides the external background favored the reduction due to the mixed macroeconomic data and weak corporate reporting Pfizer and MetLife. Oil quotes fell under the pressure of the U.S. Department of Energy data on hydrocarbon reserves in the country, which rose above expectations. Nevertheless, the background was unable to prevent the take-off of OGK-5 and Uralkaliya. The first walked up because of the establishment, together with Inter RAO UES enterprises for the development of nuclear energy. To date the only company in Russia related to nuclear energy, whose shares are fairly liquid. UralKali more expensive because of higher selling prices for products, while shares of its competitors also grown. In the afternoon there was fixation in telecom stocks, as Yesterday a meeting of the coordinating council of Svyazinvest, which describes a methodology for assessing MRK and Rostelecom shares for the purpose of restructuring the sector. One can say that the situation is almost cleared up, but it became known that the evaluation of companies, and coefficients of the exchange will be announced only at the end of March. European stock platform finished the day in negative zone. Still dominate markets, the gloomy prospects of Greece and Portugal because of their huge national debt and budget deficit. Information that Greek workers "union intends to hold a general strike because of the authorities" decision to raise the retirement age only exacerbated the situation on the markets. Statistics for the region were mixed, as indices of business activity in the euro area services sector, and Germany have exceeded predictions, but at the same Britain, he was not so impressive. Data on retail sales Erozone up to the month have not changed, but the annualized figure improved. Statistic data from the U.S., where the number of employed fell by less than the expectation value were positive, but leveled its index of business activity in the services sector, which was released not so optimistic as projected. Corporate news also were diverse. Negative predictions are companies who see no prospects for significant improvement in the situation due to weak demand for their products, in particular with the statement made by the appliance manufacturer Electrolux and steelmaker Outokumpu. Buckling commodity prices also adversely affected the companies" shares. However, strong demand action carmakers, as well as a number of companies in this sector reported a rise in sales.

U.S. stock markets finished the session mixed dynamics indices. Established markets in positive territory prevented by disappointing corporate results among such companies were Pfizer and MetLife, and forecasts, as well as mixed statistic data.

Asian stock exchanges today, most of them are in the negative zone. Buckling oil prices and U.S. indexes led to a negative start bidding. In addition, frustrated investors in these regions identified a sharp rise in unemployment in New Zealand and fall in retail sales in Australia, which may adversely affect the economy of the region.

Russia"s shares wf83ill resume at the opening of decline, and the MICEX index step back to 1420. Pair EUR /USD again closer to the support of 1,387 pending a decision by the ECB rate. Fall below this level will have pressure as the stock and commodity platforms, which can lose all their results of growth of recent days. In this case, the MICEX index may again find himself on 1400.

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As a result of the medium value of the MICEX Index reached 1431.08 points, which ice4s 0.39% below the previous day"s close
On the negative external background in the absence of Russia"s own ideas the market will decline at the opening
At the opening of the Russian Trading is not expected of a pronounced shift
Russia"s indexes start trading near yesterday"s closing levels

 

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