The worst of the market today will feel the paper oil and metallurgical sectors
By admin at 21 February, 2010, 10:15 am
Today Exchange will be at the mercy of "bears"
In the first day of the ensuing week, the U.S. stock market has allowed me to adjust upward after 3 days of a collapse. The players ignored the disappointing sales data on the secondary housing market, preferring to pause before entering the new down. After trading in the U.S. company Apple (net profit of $ 3.67 per share) and Texas Instruments (net profit of 8 cents per share) showed better than expected quarterly reporting analysts. Dollar exchange rate continues to strengthen its position against the euro, dropping to values of 1.4080. Oil prices on this background continues to move downwards: Brent $ 72,8 /bbl.
Bank of Japan today decided to leave interest rates unchanged (0.1%), as usually promised to fight deflation in the country. But other news from the Asian region only bring disappointment to the markets. Economic growth in South Korea in the 4 th quarter amounted to only 0,2% after 3,2% in the 3rd quarter due to lower exports, consumer demand and government spending. From Tuesday in China come into force new increase of provisioning, it has a negative impact on the local stock market indices (Shanghai Comp -2,45%). Additional pessimism in the market brought the fall of recommendations for Chinese banks by Goldman Sachs. This afield futures on U.S. stock indices in the red zone (SP -0,82%).
opening of trading on Russia"s stock market on Tuesday, we expect a moderate decrease in the zone. Given the downward dynamics in the Asian markets and in futures, this afternoon we expect to continue to reduce our stock performance. The worst of the market will feel the paper oil and metallurgical sectors. Today is better to build a trade from the sale. Dramatic weakening of the ruble against the dollar today will be pressure on the value of the RTS index. MICEX today to try on the strength level of 1400 points.
Before trading in the United States will provide quarterly reports: DuPont, Johnson Johnson, US Steel, VerizonCom. In the 12-00 waiting for the January data from Germany on an index of business expectations IFO (forecast: 99.1). In the 17-00 waiting for data from the U.S. on the November index of house prices SP /Case-Shiller. In the 18-00 waiting for the November index of house prices FHFA and the January data on consumer confidence (prediction: 53.5). At the same time leaves the index of activity in the manufacturing sector FRB Richmond.
| log in and see the material;;
4; user rated material on 4,8. |
Analyst Ratings |
Domestic demand has ceased to push the economy forward in the coming year will be the drivers of growth Exporters ...
Negative external background sets up players to retest previous lows
At the evening session, most FORTS futures grew up, except for the nearby contracts were Norilsk Nickel and Surgutneftegaz
Since breakdown of the level of 1400 points on the MICEX index will be talking about breakind0ag the upward trend in Russia market
European indexes finished trading negatively
European stock markets failed to turn up to the day
"Elita-Center" to be registered in court
Rate for the dollar fell - an overview of cash markets
"Ukraine" held hostage
End of an era of consumption









No comments yet.