Today, Russia's stock market will likely continue to increase paper telecom

Written by admin on August 28th, 2009

Published yesterday, the revised data on U.S. GDP for the second quarter were better than forecast: market participants are expected to fall 1.5%, in fact, it was only 1%. At the same time, the number of applications for unemployment benefits in the states for the week fell slightly less than forecast: up to 570 thousand against 565 thousand expected, but the tendency in any case positive.

Today is expected to yield a large number of macroeconomic statistics, including the revised UK GDP for 2 nd quarter (12.30 Moscow time), the index of business climate in the euro area in August (13.00 Moscow time), personal income /spending and core consumer price index for July in the U.S. (16.30 Moscow time), as well as the index of consumer confidence in the University of Michigan in August (17.55 Moscow time).

The encouraging data of the American Statistical overseas stock indexes continue to grow. On Thursday, the Dow Jones index closed in positive territory at 0.4%, S P500 - 0.3%. Their futures now traded in the 0-second mark. But oil prices went up by 3%, quotes, Brent and Light Sweet again came to the mark of 72.50 dollars per barrel. Eurodollar traded at around 1.4360.

Today, Russia's stock market in the first half of the day are expected to purchase a wide range of securities, primarily commodity. Likely continue to rise and paper telecom. It is possible that during the day the bulls once again try to overcome the resistance level 1100p. the RTS index and 1130p. on MICEX. In the case of breakdown of these levels, the following objectives will be: 1200p. (RTS) and 1230p. (MICEX).

Today Board of Directors of the RTS it was decided to extend the daily trading session on the Stock Exchange to 18.45 Moscow time. Thus, from August 28 to the primary trading session in all the markets will take place from 10.30 to 18.45, and an evening trading session (on the RTS Standard and FORTS) - from 19.00 to 23.50.

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In favorites, today's trading should be the action of oil and steel companies
Net profit of LUKoil in 1 half of 2009 by US GAAP has fallen more than doubled to $ 3.2 billion
Rate for the dollar has risen - a morning review of cash markets
Viktor Yushchenko pointed to the decision
Findirector Stanford Financial Davis pleaded guilty to involvement in the creation of financial pyramid
Recommendations on RTS Index futures on Friday
Positive news about the background of the company continues to support the shares Mosenergo
At the end of the day a significant increase is unlikely, given the relatively sluggish sentiment in the western areas
Russia's stock market after opening with a gap up will once again close to the zone in 1100-1105 points on the MICEX Index

 

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