The nearest support for the RTS index is in the range of 760-830 points

Written by admin on July 13th, 2009

Shares of Russian companies traded in positive territory. Gazprom adds 1%, Sberbank of 2%. VTB grows at 0.6%. As leaders of preferred stock Surgutneftegas, showing an increase of 4%. Lukoil and Rosneft added to 3%.

This week is rich in statistics for the United States economy. On Tuesday and Wednesday went on inflation. Analysts expect an increase in the CPI rate 0.6%, which can be seen as increasing the activity of buyers. Statistics on retail sales for June, can add optimistic. Expected to increase sales by 0.5%. Loading production lines and industrial production is projected to continue to decline. Data on permits for new structures, and beginning construction of homes that go on Friday, is unlikely to strongly influence the course of bidding. Real estate market continues to remain at the bottom, and signals to his early recovery is not visible.

At the European sites is observed positive dynamics. FTSE100 index adds 0.5%, CAC30 and DAX40 show an increase of 0.2% and 0.6% respectively. Investors expect the output of reporting companies for the second quarter.

Quotations August futures for oil brands BRENT, add in the price of $ 0.28, selling close to the minimum mark of May this year at $ 60. Analysts believe that the decline may continue in the future. The mood is negative with respect to the projected oil consumption in the world. The increase in unemployment at the current moment, can not speak about the restoration of black gold. The picture was exacerbated on tanker freight rates. Transportation of crude oil price continues to decline. Weekly statistics on stocks of crude oil in the United States, published on Wednesday, could provide some support.

RTS Index declines by 0.5%. With maximum values of June this year the reduction is 31%. Nearest support is in the range 760-830 Fri. MICEX 10 Index increasing by 1.42%. Trade is conducted near the 884 mark Fri.

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