Technically, the MICEX index has continued to consolidate in the characteristic of the last time for him between 1084 - 1120 points

Written by admin on August 13th, 2009

negative statistics to the declarations B. Bernanke

This session - a bright example of market sentiment. Their anxiety and uncertainty over future market dynamics have contributed to the opening of the Russian market with gepom up, which did not conform to the established external background. After a bright opening in the Russian market were quite bezydeyno in the lateral trend. Futures on the S P500 index of the growing slowly, but the dynamics of the tool only support the market without causing a record profit.

At 13:00 Moscow time were announced preliminary data on GDP for the euro II block, which were significantly better than forecasts. However, data on GDP are not speculative otygryvalis market participants, which again was associated with the levels at which trading took place. On the foreign exchange market data were also ignored.

In the publishing unit statdannyh on the U.S. economy at 16.30 Moscow time. quotes a bit younger, and index futures on the S P500 tested 1015 points, where an abrupt jump down: published data were significantly below projections. Retail sales decreased by 0.1% against the expected growth at 0.8%, excluding automobiles, the indicator fell by 0.6% against the forecast in (0.1%). Data on import and export prices also are not pleased the market, as their synchronous decline represents a decrease of consumption. Data on unemployment were also negative color: the number of applications has proven to 9 thousand worse prognosis. Figures for last week were also revised, exacerbating global negative. Publication data MICEX index dropped below 1100 points. At the end of the session on the pending announcement of the next of sales and continued had a nervous nature. Futures on the S P500 index Breaks down easily to 1000 boxes of items that could not remain without attention of the Russian market.

statdannyh Block affected not only the world's stock markets, but also on the foreign exchange market, where the U.S. dollar, already oslabshy surrender position. For example, a pair of EURO /USD crossed the 1.43 mark. Reducing the dollar has contributed to the growth in oil futures, which tested the level of $ 74.6 per barrel. But oil is not kept at levels that strengthen the Russian ruble and the demand for ADR shares of Russian issuers. However, open positions at this strait risky, since the mood in the U.S. market are changing rapidly, investors have not yet decided on future trends. An important factor that will affect tomorrow at the opening will be a dynamic futures index S P500, namely, whether the tool against the backdrop of a weak data to keep the level of 1000 points, and whether yesterday's statements by B. Bernanke partially reverse statdannye data.

Technically MICEX index has continued to consolidate in the characteristic of the last time for him between 1084 - 1120 points. Lower boundary is 61.8% correction on th Fibonacci of annual maxima.

session tomorrow will be quite busy. In addition to traditional factors on the course Friday trades affect consumer inflation and industrial production of the United States. In anticipation of the publication is better to go into the cache, since the recent reaction to the statistics is rather rough, and the statdannye malopredskazuemy. According to expectations, the consumer price index would remain unchanged, which contributes to the preservation of the Fed rate at a low level and the continuation of programs to stimulate the economy. The rate of industrial production was expected to grow at 0.2%, which will positively market participants. Also onthe course of the trading can affect the mood of the index data from the University of Michigan, who is projected to facilitate purchases.

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