The current dynamics of the Russian index will determine the technical perekuplennost the most liquid securities

Written by admin on July 22nd, 2009

Yesterday's trading on the Russian stock market ended on a moderate growth in the major indices (RTS index - 1.58%, the index of MICEX - 1.73%). The neutral, slightly negative in the prediction of the opening, stringy growth to a maximum monthly value - in the middle of the day, as smooth a very moderate growth in world oil prices to the level of local resistance (68 dollars), fixing the expected profit at the end of the day. Mixed financial statements are the largest companies in the U.S. supported the cautious optimism of investors in the run of my head of the Fed Ben Bernanke. A weak dollar kept investors from a fixed return on the world market of oil, base and precious metal most of the day. In general, the favorable external background on the one hand, but all signs intraday perekuplennosti on the other, have led to divergent closure the most liquid securities (Gazprom - 1.96%, Lukoil - 2.7%, Nornikel - minus 1.39%, Sberbank - 3.11% Rosneft - 2.04%, Surgutneftegaz - 4.34%, VTB - 1.37%).

Today, in the absence of external drivers of growth, the dynamics of the Russian stock market, at least in the first half of bidding will determine the technical intraday perekuplennost the entire spectrum of the most liquid securities. Thus, the modest growth in the closure of major U.S. indices yesterday (DJI - 0.77%, NASDAQ - 0.36%, S P500 - 0.36%), but flat, unspoken dynamics of futures on major U.S. indices now, after reporting mixed results of the largest American companies to close substantive session. The main support for the market yesterday, shares had a Caterpillar (plus 7.67%), after reporting better than the expectations of investors, and optimistic projections for the future. Worse than the market - the dynamics of financial sector shares. At the end of the day, shares of Citigroup fell by 5.02%, shares of JPMorgan fell to 0.11%, shares of Bank of America declined by 0.41%. Market - the dynamics of the shares of energy sector on the background of a modest strengthening of world oil prices in the first half of the tenders. The index of the largest oil companies gained on the day of 0.7%. The absence of meaningful statistics today, but very busy calendar of financial reporting the largest U.S. companies. In the center of attention - the 2nd day of my head of the Fed Ben Bernanke before the U.S. Congress over the monetary policy. Continuation of the peak period of financial statements requires the preservation of today volatility on Wall Street.

A mixed trend yesterday - in the stock markets of Latin America (Mexico - minus 1.07%, Brazil - 0.21% Argentina - 0.15%), but mostly positive dynamics in Asia (Japan - 0.74%, Korea - 0.2%, China - 2.2%, Taiwan - 0.4%).

Side, the final momentum, supported by weak dollar and the moderate optimism that prevails in world stock sites - on the world oil market yesterday, but the decline of the auction in Asia today after the bear on the weekly change in stocks from the American Petroleum Institute. September futures price of oil brand Brent on the results of yesterday's auction rose by 0.43 dollars to 66.87 after reaching a maximum of 67.92 intraday dollar. In Asia, the September futures price of oil brand Brent fell by 0.3 dollars. The market - in anticipation of today's weekly data on energy supplies from the U.S. Energy Information Office.

A mixed trend yesterday - on the major base metals market. As a result of trades on the LME, three-month futures price of nickel declined by 2.62%, and zinc - to 2.46% in the copper price rose by 0.77%, lead - to 2.47%.

positive trend - in the ADRs of Russian oil and gas stocks in the U.S., but mixed a discount relative to the closing prices of shares on the RTS on July 21. Gazprom - 0.14%, Lukoil - 2.5%, Surgutneftegas - minus 0.7%.

The Russian stock market is expected preponderance of negative trends at least most of the day. In the absence of express external drivers of growth - the current dynamics of the main Russian indices will determine the technical short-term perekuplennost the entire spectrum of the most liquid securities. Oscillation index MICEX prospects days 1000-920 points intraday, intermediate stops 955 and 935 points. The range of fluctuations in the RTS index in the long run the next day 990-880punktov an intermediate support 925 and 900 points.

Authorize and appreciate the story;;

Your grade will be the first!


Analyst Ratings


Confrontation
Forex Asia
Across the spectrum of Russia's most liquid securities, there a slight decrease in quotations
Referring to mark 1014 points, MICEX index rolled to the area of 987 items
Rate until the end of the year may be strong to the level of 27 rubles. the dollar
On the dynamics of bidding today will affect reporting of western banks, which will increase volatility in securities Sberbank
The level of 1000 points on the MICEX is extremely important for the market, but to consolidate the above need to test and 1015, and 1025
Key data today promises to be expected during the auction in Russia reporting BoNY, Boeing, and Wells Fargo
World markets have begun to fizzle out and has not actively respond to the emerging corporate records

 

Leave a Comment