The leaders of the market shares remain the industry: “Severstal” is growing by 7%, MMK (6.1%), TMK (6%)

Written by admin on January 28th, 2010

U.S. markets are closed today in connection with the holiday - the day Martin Luther King. In the absence of trading in the U.S., European markets grow, the dynamics of futures SP 500 is positive. Pan-European FTSE Eurotop 100 index adds 0.87%, Britain"s FTSE 100 0.78%, Germanic Xetra Dax 0.62%, French Lyxor Cac 40 0.67%. As leaders rise of the mining sector on rising prices for base metals. Eurasian Natural 3.6%, Anglo American 3.3%, Xstrata 2.6%. Shares of banks rising on expectations of strong reporting the largest U.S. banks that publish their results this week. Lloyds 3.4%, Barclays 2.4%. Oil per week lost about 5% against growth stocks, expectations of warming and the rising dynamics of the dollar. Spot Brent $ 76.42, WTI $ 78. Futures rise by 0.3%.

After a small decline at the opening of Russia"s market almost immediately went into a plus. By the opening of the existing negative external background, but the market ignored it again. Then continued to increase, oil prices jumped back a bit from week lows, positive momentum has developed in Europe. At 17:00 the MICEX index increased by 1.35%, RTS index at 0.84%. Trading volume on the MICEX stock market remains at the level of recent days, 31 billion rubles. Despite the fact that the U.S. had the day off.

leaders market shares are metallurgists. Metals continue to grow, very confident behave shares the world"s largest mining companies, so the rally continues. Severstal is growing at 7%, CMI 6.1%, TMK 6%. Once again, shoot second-tier securities, today is Transneft 6.4% and 4.6% MTS. Savings 2% overcame level 2% in anticipation of the publication of quarterly results of banks in the United States. Oil and gas sector continues to stagnate in the face of declining oil prices. Gazprom 0.7%, 0.6%, Lukoil, Rosneft 0.5%.

This week, all attention will be focused on corporate accountability, as macroeconomic statistics is not much. The main event will be the next time the Fed meeting on 27 January, before this time on the idea of markets should avoid sharp fluctuations. With regard to the market of Russia, it is still a large amount of free money can not pay attention to the correction of oil and bad makrostatistiku. This is our market is often, how long will it say, as usual, difficult. I think that as soon as the upward movement in the U.S. market decline will change, and the dollar will continue to strengthen to a level of 1.4, we have dramatically go down by 7-10%. I continue to recommend that the medium-term investors as the market groe60wth is gradually closing positions for which there is a good profit, and leave in the cache.

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