Tomorrow's opening of Russia's market depends on the reporting of sales results, and Yahoo in the U.S., where the sale could continue
By admin at 20 October, 2009, 7:24 pm
Corrective mood intensified, I recommend to open long positions only speculative
After the morning gap up on Russia's market sentiment adjusted. Growth at the opening ceremony was due to soaring oil quotations, but the rise in prices for black gold was suspended a small correction in the currency market, as well as the statement by the representative of OPEC, the price of $ 80 per barrel is high. In addition, the reduction of the domestic market contributed to the correction at the sites of Europe. Index futures in the U.S. also dominated corrective mood, helped by technical factors - profit-taking after a substantial growth.
picture changed disclosure of corporate accounts for the III quarter of this year, which exceeded expectations and provoked a purchase. In particular, the positive reports were submitted by Caterpillar and Bank of NY. Season reporting keeps a pair of EUR /USD at high levels, near the psychologically significant mark of 1.5, which underpinned a recovery in oil prices heading into the annual maximum, which was installed today before the start of trading on domestic platforms.
However, trading on Russia's markets were rather boring, as market participants awaited the announcement of statistic data for September on the U.S. economy - namely, data on production and the amount of inflation began construction of houses.
Published statistic data fell short of forecasts. Producer prices fell 0.6%, while the changes are expected, and began construction of houses grew smaller forecast by 20 thousand decline in prices actually indicates a decrease in demand, and the number of the building is contrary to expectations, not updated yearly maximum.
negative statistic data led to minor-sale as the global stock markets and the market Russia. Despite receiving a negative, a massive sales in the market was not observed.
In the early trading session on the U.S. market took a slight correction due to weak statistic data. In addition,the sale contributed to the technical factors - profit-taking after rising the previous day.
Tomorrow's opening of Russia's market will depend not only on the outcome of trading on the U.S. market, where the background of weak statistics and technical factors could continue sale - for opening statements and will affect Yahoo! for the III quarter, which will be published after the completion of trades on the American sites.
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