U.S. statistic data will continue to influence the course of trading on the world stock markets until the end of the day

Written by admin on September 25th, 2009

Closeouts could continue

Expectations technical rebound today justified. With the opening of trading the MICEX index went into the positive zone. Growth was supported by the external background - namely, the stable dynamics of futures for U.S. indices and futures oil. In the afternoon session of the level of volatility, as expected, increased substantially - began publishing statistic data on the U.S. economy. At 16:30 Moscow time data were published by the orders for durable goods in the U.S., which unexpectedly fell by 2,4% against the expected growth of 0,4%. The data show the negative attitude of the medium-term buyers - at present, as seen in the figure, they do not intend to spend significant sums on durable goods. Data on futures orders increase in the SP 500 index to a mark of 1,040 points, which acted as support. Opening of the American market will be in the negative zone and sale at the opening of yesterday's will continue to decline.

statistic data the U.S. will continue to influence the course of trading on world stock markets until the end of the day. Today will be published final data on an index of consumer confidence according to the University of Michigan, which can support the global markets. And later will be announced the day the key statistics - data on sales of new buildings in the U.S.. Data on the secondary housing market, published yesterday, found much worse than forecasts fail the market participants. Waiting for data on sales of new buildings, most likely also not justified. Negative statistic data can strengthen the U.S. currency, which adversely affect the dynamics of oil futures. Thus, the correction in Russia's market may continue.

On the background of negative data on orders for durable goods U.S. MICEX index tumbled to a level of support for 1,175 points. A close below this level may be a signal to a more substantial correction, which could distract the index in the region 1150 points. However, in my view, before proceeding with another sharp decline Care ruble down indicator will facilitate the formation of a technical rebound. If shares have not fallen in price will otkupleny now, attempts to growth may occur at the first session next week.

shares traded oil and gas sector in the negative zone against decrease in prices of black gold. Futures on Brent crude on the background data on orders for durable goods tested the level of U.S. $ 64 per barrel, which adversely affected the paper oil industry. Gazprom shares sank to the psychologically significant mark of 175 rubles., Which is unlikely to stand in the event of a significant negative, if any, will come to the market after the announcement of statistic data. Papers of LUKOIL on the background of negative data can test the 1550 mark rub., Which can act as a powerful support. This level is attractive for the opening of speculative long positions with a view to a technical rebound.

Sberbank shares, despite the negative statistic data on the U.S. economy, trying to keep the 100-day moving average passing mark of 58.8 rubles. However, this level will be easily passed down in case of an additional negative.

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