Under the blow of paper may be today the banking sector and oil companies

Written by admin on July 30th, 2009

Yesterday, the Russian markets showed mixed trends, but the trend was mostly downward in a short period of recovery. In the second half of the day was to go negative statistics from the United States, which, coupled with falling oil prices and have identified the negative of the Russian sites. As a result, the MICEX index fell by 1.54% to a mark of 986.8 points, while the RTS index - by 2.8% to 973.8 points.

Of the total allocated to the fall of several companies that showed good growth. This, above all, expensive second session Magnit (5.6%) and Dorogobuzh (2.8%), Severstal (1.5%) and Polymetal (2.5%). Among the declining stocks are allocated mainly oil and gas securities (average reduction of about 1-2%), as well as banks - Sberbank and VTB have lost about 2.5%.

European platform closed raznonapravleno, but near the opening. On the U.S. market dominated by sales. Yesterday, all the expected publication of a series of macroeconomic data, including the Fed Beige Book from the U.S., as well as oil according to the Ministry. Published data on stocks were not a surprise, but also drive the markets did not add - oil stocks rose last week by nearly 5 million barrels, while distillates stocks also rose. It was the reason for the collapse of vast oil market - after the publication of these prices collapsed by almost 6% to a level of $ 63/barrel. Stock in the area lost 0.5%, leading to falling shares of the commodity sector and banks (perhaps only the exception of Citigroup). The dollar began to strengthen, some investors once again became U.S. bonds, gold also deshevelo, to a level of $ 930/untsiyu.

Asian market with the start of bidding is also declining, the leading Chinese site. In Japan, was published on promproizvodstve (an increase of 2.5% m-k-m, with the growth recorded for the fourth consecutive quarter), but the production car have been disappointing (fall of production by 34%, while exports fell by more than 46% ).

All this, coupled with sluggish sales at sites commodity form negative background before opening Russian market. Under the blow of paper may be today the banking sector and oil companies. It is necessary to draw attention to reporting the largest companies in the U.S. and the EU - Exxon Mobil, Dow Chemical, Master Card, Royal Dutch Shell, Siemens. In the 16-30 will be available on applications for unemployment benefits, and according to the report yesterday from the Fed, a significant improvement of the market do not have to wait. We expect correction to the area of 950 items on the MICEX, but during the bidding may be trying to break outside the negative and find greater levels of consolidation of the indices.

Authorize and appreciate the story;;

3 users rated material at 2,7.


Analyst Ratings


In Ukraine, you may receive a special Bureau of Investigation
Not until the buildings
Forex - Asia
MICEX Index remains in «green belt», but still could not gain a higher mark in 1000 items
After the collapse of quotations of Russian securities in the last two sessions on the market followed by a rebound
Recommendations for futures on RTS index on Thursday
Scenario deepening correction in the coming days is the most likely
Exit bottom of the range of 980-1 000 items on the MICEX index is more likely than a resumption of growth
Review of the FOREX market for 29.07.09

 

Leave a Comment