Tomorrow in the Russian market can be a technical rebound, but the reasons for the growth of no

Written by admin on July 6th, 2009

The Russian stock market opened the trading week, the decline in major indexes. The reason for the sales was the situation on the commodity market - the quotes of black gold fell within the day to below $ 63.30 a barrel. Futures on the U.S. indices, the whole trading session protorgovavshiesya in the red, also contributed to bear sentiment.

The opening bid in the United States after a long weekend took place at the negative territory, but rather less symbolic, allowing Russian investors to rely on a small technical rebound in tomorrow's session in the case of retaining current levels until the closing auction in America. But, given the immediate prospects of the nebula, open positions with the aim for tomorrow is not recommended, because the U.S. Indexes are abruptly change the mood after the completion of trades on the Russian stock market.

session tomorrow promises to be more intense at the macro-economic developments. Particular attention in the first half of the session is to give data on the number of jobs in the manufacturing sector of Germany, which will affect the currency market, where the U.S. is actively recruiting position against the euro. In general, the Russian stock market has reached the last three trading sessions pereprodannosti, the decline of the MICEX exceeded 7% and there is a minimum gap unfinalized today that the market may try to close during the trading week. During the week, expect the lateral corridor in anticipation of launch reporting season, which may encourage market participants, because, according to forecasts, accounts for the II quarterpromises to be good.

прикупить temptation shares on such attractive prices great, but do not forget the specifics of the domestic stock market, which is the significant factor otygryvaet movements in world markets. It is difficult to say when the fall, so investors should go to the cache, and speculators - to fix all the lucrative positions. In my opinion, has - is a negative point and a collapse of emerging markets index, which indicates the way the major investors in emerging markets.

outsider of today's session is the Russian oil and gas sector, which actively sold and western areas. Reducing ADRs on the majority of the shares of Russian neftyanki more than 5%. Technically, the majority of the securities has adjusted to the maximal levels of the year - the reduction of Gazprom, Rosneft, LUKoil has exceeded 20% - but the potential for downward movement continues. Entry point for medium-term investors may be levels of 200-day moving averages.

Shares of banking sector remain slightly better than the market. In my opinion, support is provided by the positive expectations for the season of accountability. Enhance your expectations forecast of Societe Generale that a bank record small positive net profit in the second quarter of 2009 due to good results subdivisions. Shares of banks in coming weeks could be interesting speculative tool.

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Analyst Ratings


The highest rates of decline were to be found today in the shares of Gazprom, Gazprom oil and Tatneft
Before the end of the year RTS index is expected to rise to the level of 1800 points
Course of purchase dollar down - the evening review of cash markets
Gains international companies in the next quarter will continue to decline
Moldova counts until the end of July conclude negotiations on the conditions of the issuance of credit in Russia to $ 0.5 billion
The greatest losses suffered by the action today, the metallurgical and petrochemical sectors
If the reporting season in the United States will be negative, we can wait for traffic to 800-850 items on the MICEX index
As of 18:00 Moscow time the volume of trades on the MICEX Stock Exchange amounted to 116.74 billion rubles
FGC contract for the supply of equipment from the PRC under the terms of concessional lending

 

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