The opening of trading on Russia's market is expected to gepom up 1-2%

By admin at 14 October, 2009, 9:25 am

Yesterday

Russia's stock ended trading yesterday, falling indices. As a result of trades on the MICEX index dropped 2,71% - to 1320.7 points and the RTS index - on 1,96% to 1,400.02 points. Momentum gained the previous day, helped the index to update the annual highs in early trading session. MICEX Index reached the mark of 1,366.48 points, the RTS index - to 1436.06 points. But then began a large-scale profit-taking on huge volumes and indices went into a deep negative.

MICEX during yesterday's trading adjustment in the region support 1,320 points. Today we can fully expect some rebound from this level. The closest resistance - the annual maximum - 1366 points. When you save the negative sentiment in the market the next support level of 1,250 points will speak.

U.S. Market

Trades in the United States ended the decrease of stock indexes. The cause of frustration today began sales data the company Johnson Johnson. Johnson Johnson shares fell in price by 2,4%. The company earned last quarter grew by 1,1% against a background of reduced costs and increased sales of medical equipment, offset the loss of income from the sale of medicinal products. But the company's revenue for the period totaled $ 15.1 billion, down from last year's figure.

As a result of the auctions the index of blue chips Dow Jones Industrial Average fell 14.44 points, or 0.1%, to 9871 points. The index of wide market SP 500 closed lower at 3.01 points, or 0.2%, at around 1073 points. Hi-tech Nasdaq Composite closed by growth on 0.75 points, or 0.04%, at around 2140 points.

Among the macroeconomic statistics worth noting the data on an index of expectations institute ZEW (index of economic optimism) in Germany, which in October fell to 56.0, while the projections assume a growth rate. The fall of the index is quite logical on the background of the completion of programs to support auto industry, and suddenly a sharp deterioration in the export sector in Germany. Assess the current situation index rose to -72.2 in October, but it also proved to be worse than expected. Good current situation finds only 1.4% of respondents, normal - 25%, and the poor remaining 73.6%. This 65.8% expect improvement 24.4% do not expect changes, and 9.8% expect deterioration. It is apparent that the prevailing expectations on the background of a highly negative assessment of the current situation, the belief in a brighter future is indestructible, even in spite of the fact that in August, again began to decline in world trade volumes.

Syre

Crude futures rose on Tuesday on the results of the auctions, receiving support from the continued weakness of the dollar and renewed optimism about economic recovery.

At the end of trading on the New York Mercantile Exchange quotations of futures for November light, sweet crude rose 88 cents, or 1.2%, to 74.15 dollars per barrel. The November futures for Brent crude on the ICE Futures rose in price on 1,04 dollars, or 1,5%, to 72.40 dollars per barrel.

During the session, oil prices reached a peak of 74.47 dollars per barrel - the highest level since Aug. 25, when the price of oil reached 75 dollars per barrel. This happened after the euro reached its highest level against the dollar in more than a year. Oil prices are rising with the weakening dollar, as investors using other currencies pushed up the cost of the raw product.

Asia

Stock Exchanges of the Asia-Pacific region today demonstrates the growth indexes on the background of reporting on profit IT-giant Intel, which was better than forecasts. Bullish sentiment could not break the outcome of trades in the States. At the same time served as a weak yen to the fact that the indices continue Japan held on the red area. The Nikkei lost 0,32% and amounts to 10 044.05 points. The yen is currently traded at 89,25 - 89,30 per one U.S. dollar. At the same time, the Seoul stock exchange index KOSPI increased by 1,3%.

CSI 300 Index, reflecting the bidding at two sites of mainland China is growing at 1.45%.

Today

External background before opening the bidding in Russia-positive.

• American indices closed in the lung minus;

• Quotations consolidated above the level of oil 74 $;

• Futures on U.S. indexes rising more than 1%;

• Asia demonstrates a generally positive dynamics;

• Futures on the RTS index in the night session grew by 1,2%.

opening trades forward gepom up to 1-2%. The fall that we saw yesterday, yet fits into the framework of correction. The closest resistance - the annual maximum - 1366 points. When you save the negative sentiment in the market the next support level of 1,250 points will speak. On the dynamics of tomorrow will be influenced by several factors. Today, before the opening of trading in the United States will publish its report JP Morgan. Also at 16:30 there are data on retail sales for September. All this together will have a significant impact on the dynamics of the Russian index.

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Analyst Ratings


In the first half of the day at the Russian sites is expected speculation up
The absence of reasons for selling Russia's stock indicators may well continue to rise
Opening of the Russian trading on Wednesday will be held with certainty gepom up
Against the backdrop of rising oil prices increased demand for the opening will benefit stocks of oil and gas sector
Better the market today can be paper, Lukoil, Sberbank and Norilsk Nickel
Futures on the SP 500 during the Asian trading session updated the local maxima
On Tuesday, the course pair euro /dollar has updated its maximum value of more than a year
Latin America: Prospects of the Brazilian economy grows, shares the same
Telephone operators have changed the order of a set of long-distance calls and international destinations

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