The main liquid Russian Market today may provide the opportunity to test the previous local minimum

Written by admin on July 6th, 2009

Russia

The absence of one of their main targets for the Russian market - the stock trades on the U.S. site, while maintaining correct oil market enables the domestic market fall to 960p. MICEX index. It should be noted that the breakdown of the upper lateral border of the corridor in the oil market, also provides grounds for continuing the downward trend until 63,5-64 dollars per barrel Crude Light approached in this way to the 50 day moving average. Addressing this point will open the way to achieve the position of $ 60, without any significant levels of support. Thus, the main liquid Russian securities may present an opportunity to test the previous local minimum: Lukoil-1350r., Rosneft-165r., Gazprom - 153r., Gazpromneft - 95r., Surgutneftegaz JSC 21r. Sberbank JSC - 37r. VTB - 0,035 rub. Norilsk Nickel - 2760r.

Europe

European stock markets may decline on Monday after Asian markets, on a background of fears of economic recovery and the beginning of the season in anticipation of the annual accounts of companies. Papers energy companies can become market outsiders against the backdrop of lower oil prices below 66 dollars a barrel. Friday the dynamics of European shares was associated with negative changes in energy market

FT-SE 100 2.01 0.05%
DAX -10.28 -0.22%
CAC40 3.10 0.10%

Asia

Asian markets declined during the current bidding on a background of negative trends in the market of oil and metals. Against this background, has a similar reduction of freight rates and a strengthening yen, as well as renewed fears about the restoration of a stable global economy. BHP Billiton Ltd. lost 2.4% at auction in Sydney, while Inpex Corp. - The largest Japanese developer of oil fields has lost 3%. Mitsui O.S.K. Lines Ltd. - One of the largest ocean carriers in Japan fell by 4.4% due to declining rates of carriage of up to three months minimum. Nissan Motor Co. Ltd. - Lost 2.5% at the auction in Tokyo against the backdrop of the continuing difficulties in the capital markets in the United States and Europe that could adversely affect demand.

NIKKEI 225 -135.20 -1.38%
HANG SENG INDEX -192.76 -1.06%
SHANGHAI SE A SHARE INDX 38.17 1.18%
SHANGHAI SE B SHARE INDX 1.41 0.72%
KOSPI INDEX 8.90 0.63%

Closing bid for ADR GDR in the western areas was mainly positive.

Gazprom 1.61%
Rosneft 1.14%
Surgutneftegas -0.11%
MMC Norilsk Nickel 1.15%
Rostelekom 1.16%
Gazpromneft 0.18%

Prices are per 1 share

* closing price of a receipt for the United States and European markets to the closing price of shares on the MICEX.

major macroeconomic statistical data suggest that attention to

The index of business activity in the service sector in June in the United States. The data will be published in 18-00 Moscow time.

MICEX (time schedule)

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