Level of support for the index of the MICEX today by the levels of 980 and 950 points

By admin at 23 July, 2009, 10:13 am

Yesterday, the stock trades in Russia culminated in the decline of indices. On the day of the MICEX index fell by 2.2% - up to 980.7 points and the RTS index - by 2.5% to 963.1 points. And while the opening bid was accompanied by the expected modest growth in the following hours among the investors prevailed sale. By the afternoon the MICEX index Breaks psychologically important 1,000 points down. The main reasons for the sales were planned correction quotations oil, the strengthening dollar and a report Morgan Stanley, which was worse than analysts' expectations.

Trades in the United States ended raznonapravleno. Shares of oil companies under pressure proseli negative dynamics in the oil market. In the black closed many tech stocks because the companies Quarterly Report Apple, shows an increase in profits. A little less feel the action of pharmacological companies and consumer sector.

The price of oil declined due to fuel growth in the United States. Ministry of Energy United States has issued a progress report, which noted the increase in stocks of motor gasoline and distillates last week. Inventories of gasoline amounted to 215.4 million barrels, which is 3% above the previous figure. Stocks of distillates, including heating fuel, rose to its highest level since mid-1980's. This led to a slight turn the oil market. At the NYMEX September futures for the supply of oil WTI cheaper brands $ 65/barrel. In doing so, futures for the supply of oil brand Brent in Europe rose to $ 67/barrel.

Stock Indexes Asia today demonstrate the positive momentum. Key indicators are growing within 1%. The positive is to recognize the background, emerging before the opening of Russian markets. We do not exclude the growth with the opening of the market within 1%. This growth may be sluggish and do not exclude the continuation of correction, which can be facilitated in the middle of the day publishes statistics on the labor market in the United States. Level of support for the index of the MICEX were the levels of 980 and 950 points.

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Analyst Ratings


Forex - results of day
Paper metallurgists will grow in anticipation of possible actions of state that may follow from the Prime Minister
Domestic indexes today are likely to be able to compensate for the loss of yesterday's trading day
Today, better market share will be traded oil and gas companies, and metallurgist
Futures on the S P500 again in green, you can count on the resumption of purchases and the domestic market shares
Bases major futures on the basis of the evening session remained in positive zone
Against the background of the negative dynamics of the banking sector in the United States, may be worse than the market shares of Sberbank and VTB
Bidders short-term market quite aggressively closed position at all liquid Futures
The opening bid on the Russian stock market is expected to break up 0,5-1%

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