The Russian market is in anticipation of a news background, which will take place in coming days

Written by admin on July 1st, 2009

Now little is happening in the market. On the morning of the Russian market cannon within 2% on the background of good statistics from China: a four month growing EMI, meaning more than 50 points. Against that backdrop, yesterday's evening sale of redemption. Better look securities market of Gazprom, the market looks worse than the banking sector. Today went a lot of macroeconomic statistics, as will data on oil reserves in the United States. Therefore, the market traded in a narrow sideways range. The market is in anticipation of this, participants will respond to the fact.

This week is short (in the U.S. on Friday a holiday, tenders will not), but rich in terms of statistics. Next week, the U.S. will begin the corporate records. The Russian market is in anticipation of a news background, which will take place in the coming days. This may allow to overcome this side-corridor. In my view, the withdrawal must be down, because along with the reporting season will be sobering rally after the second quarter, and markets several ostynut, revert to lower levels. While sales in the market there, so any attempts to force in a rapidly shall be purchased.

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