Russia stock market opening can move up because of rising prices for raw

Written by admin on March 17th, 2010

Russia stock market at the close of the rapidly recovering, but serious intraday losses are not allowed to get in, plus indices, so the RTS index fell by 0.2% to 1,470.79 and the MICEX index on 0,17% to 1417. In the first half of the day Russia"s actions"d play a negative, accumulated during the night, but gradually the pressure on the markets began to subside largely due to macroeconomic data. Lifeline for Russia"s market was the U.S. data, and, above all, pleased index of business activity in the manufacturing sector, were better predictive values. Besides the costs of the population, as shown by the data continue to grow for several months. In addition, the actions reflected favorably on the rise in oil quotations weakened slightly against the dollar. Noticeably better than other chips looked Paper Gazprom, which published yesterday the results of III quarter 2009 according to IFRS, surpassed expectations. Rosneft shares pulled the market down on the contrary, after a report released since the company"s performance was slightly worse than forecasts. In addition, the players do not give information about the rest possible cancellation of tax holiday to East Siberian oil fields. The acts of telecommunications companies continue to play out the idea of combining inter-enterprise based on Rostelecom, which resulted in the purchase of individual securities sector. European stock platform finished the day in positive zone thanks to statistics and corporate news. Regional statistics showed improvement in business activity index in the manufacturing sector of Germany, the UK and the Eurozone as a whole, and in the evening encouraged by a message stating that the same indicator in the United States, too, has grown beyond expectations. Then news came to the forefront of companies. Investors were encouraged by the news of the desire of the Canadian pension fund Ontario Teachers "Pension Plan to buy the remaining stake in vodosnabzhayuschey company Northumbrian Water Group. In addition, the optimistic forecast of airline Ryanair Holding Plc. The current financial year has boosted purchases in markets by leveling the negative of the loss enterprises on the basis of III quarter of 2009. The focus of the paper were construction companies, after Deutsche Bank predicted growth stocks in the sector this year in the UK to 35%.

American stock markets began the week the major indexes rising. Positive statistic data caused the purchase, and reinforced the success of news from the companies. In particular, Exxon Mobil has pleased investors its financial results for the IV quarter. Moreover, oil prices rose on strong statistics and the weakened dollar, which positively affected the securities of power engineers.

Asian stock exchanges today, most of them grow. Positive external background after the U.S. trading markets is pushing up. Raw materials more expensive, thereby affecting the securities of oil and mining companies. Australia"s central bank today predicted left rates unchanged, its rise was expected, this factor also left its mark on the course of bidding.

Russia at the opening of the stock market can move up because of rising commodity prices. MICEX Index will rise to 1430/1440. Pair EUR /USD is still in the area of support for 1,387 and can radically affect the situation, if you will be lower, as will pull down not only the stock, but commodity platforms. In this case, the MICEX index may fall back to 1400/1390.

log in and see the material;;

Your score will be the first!

Analyst Ratings


Good morning! Information Group Finam.ru and Investment Company "Finam" Welcome to your site and wish you good day!
On Tuesday, the euro will try to continue the movement upward
U.S.: Business activity in the industrial sphere has intensified bulls
The European Commission will expose fiscal policies of Greece strict control
Ukrainian stock site began the week in the "red zone" due to actions Ukrnafta "
In the case of continued growth in the domestic stock markets securities may again show upward movement
Today is better than the market had a good chance to look shares of oil and gas and steel companies
Surpassed forecasts statements Gazprom is fully capable of supporting his quotes in the perspective of a few days
RTS index, falling 0.2% on the day, regained its position in the evening session by typing 0,39%, closing at 1,476.53 points in the value

 

Leave a Comment