Most interesting are now undervalued securities of the electricity and telecommunications sectors
By admin at 21 October, 2009, 12:27 pm
Left yesterday, data on the number of homes started construction in September in the U.S. somewhat disappointing investors: despite the projected increase to 610 thousand houses, their number dropped to 590 thousand, and the index of producer prices in the states fell by 0.6%. As a result, the Dow Jones and SP500 were closed in a minus half a percentage point.Oil prices are also slightly adjusted: Brent - up to $ 76.5, Light - up to $ 78. Eurodollar traded slightly below the 1.50 mark, gold - in the range of 1050-1070 dollars per troy ounce.
opening of trading on Russia's stock market forward in the neutral zone. While a bull does not have the strength to overcome the resistance levels - 1370p. on MICEX and 1450p. - On the RTS. Now investors driven by fear of purchases on high, so they want to get a clear signal of support to the energy market and fixing the price of oil at $ 80 mark per barrel. In this situation of uncertainty, with relatively equal strength, the bulls and bears, many investors likely will want to throw his opinion and earn on the papers second tier . We believe that, from this point of view, the most interesting are now undervalued securities in the electricity sector and telecommunications.
Today at 18.30 Moscow time, follow the publication of data on oil reserves in the states that could determine the exit price of black gold from the range of 78-80 dollars /barrel. (LS).
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