The main driver of growth of Russian sites will continue to remain higher oil prices

Written by admin on June 14th, 2009

On Wednesday, the Russian stock market has shown growth, the main driver of which was crude oil went up: RTS (1,49%), MICEX (1,78%).

Shares of oil companies rose after oil futures: Gazprom (2,2%), Rosneft (2.5%), LUKOIL (0.4%). Papers banking sector closed raznonapravleno: VTB (-0,5%), Sberbank (0.2%). Shares of steel companies, with the exception of securities CMI podeshevevshih at 0.7%, looked better than the market: NLMK (6.6%), Severstal (3.4%).

On Wednesday U.S. stock indices closed in the negative range, but the decrease did not exceed 0.5%. The source of the negative oil and steel went up a statement by the representative of the Russian Central Bank to reduce investment in U.S. treasury bonds. In Asian markets today, there has been a mixed trend, high-demand shares of energy companies. According to published data, stocks of fuel in the United States fell more than expected in the background of oil prices continued to rise. Barrel of oil brand Brent worth more than $ 71,5.

According to our estimates, this morning's background is more positive for the Russian stock market. The main driver will continue to be a rise in oil prices, which will boost demand for shares of oil companies. Today will be published financial results of the CMI for the first quarter, which could affect the company's stock quotes. From the statistics today, we recommend that you pay attention to data on the labor market and retail sales in the United States, which will be published in 16.30.

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Analyst Ratings


The reason for success of new oil market is the sharp decline in U.S. stocks in storage
In favor of bears, says tomorrow's holiday, some speculators will not want to stay an extra day in the paper
Today in Russia will win the desire of players to record profits before the long weekend
The Russian market is expected to open with gepom up 0.2% on the MICEX index
MICEX index have the opportunity to gain above 1140 points and go to the conquest of 1160 items
As a result of environmental significance MICEX index was 1133.69 item, which is 1.78% above the closing level of the previous trading day
Another gift from the oil, which rose quotes per night to $ 71.5, trigger the opening of trade with gepom up to 1.5-2%
Outside the background before the opening of the Russian market is moderately positive: America to close a moderate decline, Asia traded mostly up
Today is the opening bid on the Russian stock market expected to near previous closing levels

 

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