The index of the Frankfurt Stock Exchange Xetra DAX rose 5.98 points (0.12%) and is at the level of 5127.54. The index of London Stock Exchange FTSE 100 fell 0.93 points (-0.02%), and is at the level of 4492.80. The index of the Paris stock exchange CAC 40 dropped 3.36 points (-0.10%), and is at the level of 3301.71. September futures on the index on the Globex SP 500 rose 3.4 point at 952.8. Opening of the American stock index today is expected to top. pound /dollar rose in European session, up to 1.6542. Rate euro /pound fell nearly 50 points to 0.8599. Some support the pound was unexpected data in the UK, showing a sharp increase in retail sales. The index of retail sales (Retail sales) in the UK for June was 1.2% per month, 2.9% for the year (the forecast was 0.3% per month, 2.1% for the year, the previous value of -0.6% for the month, -1.6% for the year). After recovery to 1.4263 euro /dollar has adjusted to the 1.4220 mark. 1.4270-1.4300 zone remains at current high levels of resistance.
Dynamics On Wednesday 22 July, at the tender quotes for precious metals has added to the price of a strengthening stock indexes and the widespread reduction in the dollar. As a result of trades on the COMEX, division New York commodity exchange (NYMEX), gold stood at around 953.30 dollars per troy ounce, while silver closed at around 13.70 dollars per ounce. Causes On Wednesday 22 July at the auction, market participants focused their attention on the positive dynamics in the stock markets, which is supported by optimistic quarterly reports of major companies. In addition, its role in supporting the gold and silver played a two-day heads of the Fed statement by Ben Bernanke to Congress on Tuesday and Wednesday. The weakening dollar is another reason for the growth of quotations of precious metals. From the news it may be noted that the Lihir Gold has spent a large sum in an attempt to establish production at the historic Ballarat gold mine in the Australian state of Victoria, but is now going to transfer him to the maintenance of efficiency and exposes for sale.
The highest increase is observed in the oil and gas sector (1,12%), less than the other growing telecommunications sector (0.66%). The index of large capitalization companies is growing at 1.06%, average - at 0.36%, and small market capitalization - on 0,93%. International Reserves of Russia for the week declined by 0.7% and as of July 17 amounted to 398.1 billion U.S. dollars. OAO Aeroflot adjusted delivery schedule airliners Airbus. Two A320-200 and three A321-200 will acquire the company for a year or two later than previously scheduled dates in connection with the current state of the air transportation market. The head of OAO Sberbank G. Gref said that in his view, the CBR refinancing rate should be below 10% per annum, and that banks could lend to the real sector of the economy by 14% per annum. When refinancing rate to 11% credit may be carried out only by 15-16% per annum. The September crude oil futures traded on the NYMEX, falling to 0.61%, trading near 65doll./barrel. September futures for the SP 500 index, traded on the CME, is growing at 0.26% and traded at 952doll. In the remainder before the end of today's trades, the most likely return to the benchmark MICEX index at 1000 points. Authorize and appreciate the story;; 2 users rated material at 3,5. Analyst Ratings
Vyalye tender stir statdannye of the United States reached its maximum in 12-30 days, our stock market indexes began to decline lax (MICEX 1.26%). This is how downward trend in prices in the market of oil (Brent $ 66,9 /bbl; -0.5%), and hesitant drift down European stock market indices (FTSE -0,35%). morning it was already clear that the daily dynamics of the movement of our indexes is likely to resemble the way today was moving the Indian stock index BSE Sensex, when the optimistic start for almost all observed weak downward motion. An indirect sign of possible correction on the Russian stock market is an increasing demand for dollars in the domestic foreign exchange market. Rate this afternoon losing position (USD /RUB 31,23), even against a background of relatively calm situation in the foreign exchange markets (EUR /USD 1,4215). If morning all growth was concentrated in securities of oil and gas and metals, then after lunch, most of them have lost part of their morning advances. The rise in prices for industrial metals (nickel, 1.2%) still holds shares of MMC NorNikel (3.95%) in the area of consistent growth. The rest of the metallurgical sector, apart from obviously overheated Severstal (-3.3%), плюÑовые hold positions in the expectations of tomorrow's meeting of the branch in Magnitogorsk with the premiere. I think that the strong movement in our market is just waiting close at night, when the data come from the United States in weekly applications for unemployment benefits, as well as the June figures on sales in the secondary market (forecast: 0.6% m /m, 4,80 million). Prior to the auction in the U.S. reporting AT T, 3M, Ford Motor, McDonald s, UPS. After the closing session of the United States accountable Microsoft. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Futures for shares of OAO LUKOIL (LKU9): in the morning futures are in contango LKU9 at 10-15 points, while podrastaya to 12-00 Moscow time on 2.5% (Fig. 1). Fig. 1 History baseline (within days). The number of open positions from the start of trades increased by 3 500 and reached a level of 95,000 contracts (Fig. 2). Fig. 2 Changes in the open position (within days). In the long term, the market remains in the descending trend. Volatility September putov outside money excess volatility of the September call outside money (Fig. 3). We are witnessing a volatility smirk, which indicates that the downward movement continued. Fig 3. Exchange IV (within days). If you talk about the number of open positions, the maximum number of - at putah LK14000U9 (put max, Fig. 4), and Collen LK18000I9 (call max, Fig. 4). Figure 4. Levels optional support /resistance. The most probable scenario: a reduction in the area of 14 000. Least likely scenario: the return to a level of 18 000. Authorize and appreciate the story;; 1 users rated material 4. Analyst Ratings
Weakness in the financial and oil sectors ended the rally in U.S. stock markets. Stocks showed mixed trends, and ultimately decrease the index Dow closed at 0.39%, while the index lost 0.05 SP. In the first place pressure on the financial sector has had a surprisingly weak accountability Morgan Stanley, which on the basis of the second quarter recorded a loss of $ 1.37 per share, as a result of losses on credit spreads, as well as payment of TARP. Reporting Wells Fargo also brought disappointment: despite profit surpassed projections, bank losses on loans amounted to $ 23.5 billion Reporting Pfizer and Boeing have coincided with forecasts and did not have a strong impact on the market. However, 15% jump in profits Apple has given a strong impetus to growth technology segment, which allowed high-rise on the NASDAQ 0.53%. Today the report will be: 3M Company, Amazon.com Inc., American Express Company, AT T, Ford Motor, McDonald s Corporation Company, Microsoft, US Airways, Credit Suisse Group. Of the macroeconomic news is to provide statistics on the prices of housing in the United States, which rose in May to 0.9% in April, which may indicate a gradual restoration of demand in the troubled real estate sector.
index of the Tokyo Stock Exchange Nikkei (Nikkei) has grown by 69.78 points (0.72%) and closed at 9792.94. Yield 10-yearJapanese government bond is 1.380 (no change compared to the previous closure). Index of the Hong Kong Stock Exchange Heng Seng (Hang Seng) has grown by 448.80 points (2.33%) and is located at 19696.97. Course dollar /yen has grown on the Asian session, with a level of 93.51 to 94.38. Exchange Euro /yen has risen 150 basis points to 134.48. Pound /yen rose to 200 points up to 155.83. Course contributed to the weakening yen yen from the sale of a major Japanese investment fund. Dealers noted that at this time forex market situation, when the increase in the proportion of risk tools is attractive. Trade Balance (Trade balance) in trillion. yen in Japan for the month of June amounted to 0.508 (estimate was 0.610, the previous value of 0.300). growth of cross-rate euro /yen and the pound /yen is supporting the euro /dollar and pound /dollar. Exchange EUR /USD rose from 1.4197 to 1.4263 level. Pound /dollar rose to the level of 1.6431 to 1.6519. Today expected output the following data: at 06:45 GMT - the index of business optimism (Business confidence) in France for July (forecast 77, the previous value 75); at 08:00 GMT - the index of retail sales (Retail sales) in Italy in May (estimated 0.2% per month, the previous value of -0.4% for the month, -0.6% per year); at 08:00 GMT - Balance of Payments (Current account) in billions of euros in Europe (16) May (previous -9.2); at 08:30 GMT - the index of retail sales (Retail sales) in the UK for June (projected 0.3% per month, 2.1% for the year, the previous value of -0.6% for the month, -1.6% per year); at 12:30 GMT - the number of applications for unemployment benefits (Jobless claims) in the United States during the week to 18.07 (forecast 560K, the previous value of 522K); at 14:00 GMT - selling homes in the secondary market in the millions (Existing home sales) in the United States for June (4.75 forecast, the previous value of 4.77); at 20:30 GMT - the index of money supply M2 in billions of dollars in the United States during the week to 13.07 (the previous value of -0.1).
The last day before a correction in the Russian stock market has had a very beneficial effect. Perekuplennost for many stocks, accumulated over the past few days, gone. But the news background is generally quite favorable for continued growth. Quotations oil after Wednesday of oil and fuel in the United States resumed growth, interrupted fixation profits in anticipation of the publication of these statistics. Corporate reporting companies will not cause serious frustration and giving rise to optimistic expectations of the new stabilization in the economy and near the outlet of the global economic crisis. Negative indices prior to the closing of the American cause only short-term sale of the shares at the opening of the Russian market at the most impressionable members. We expect the opening of the Russian index at yesterday's closing, possibly with a small gepom down, which will be redeemed quickly. Short growing trend on the Russian stock market continued today. Growth potential is sufficient to speculators - to a maximum of the MICEX index this year, still about 20%. But expect more for this summer - is not prudent. Therefore, while the market is ready to grow, you can buy shares of a short and medium investors to wait for higher prices for the sale of existing shares from the portfolios. Authorize and appreciate the story;; 3 users rated material at 3. Analyst Ratings
On Wednesday, the main couple in the international currency market continued to be traded in fairly narrow ranges. Another statement made by the head the Fed in Congress (this time in front of senators) have practically no impact on the course of bidding. Do not shaken the market and the regular reports of major American corporations. Forex in general focus on the dynamics of stock index, where high activity was observed yesterday. Among leaving macroeconomic statistics, attention was drawn to the price index of residential property in the States. According to the Federal Office for the U.S. housing finance in May, house prices grew by 0,9% compared to the previous month. In annual terms, the decline recorded in 5.6%. In today's Asian session, the European currency, mainly against the U.S. dollar strengthened against the backdrop of growth stock indexes. In Japan, went on the trade balance surplus in June for the first time in a year and a half grown.
Finally, the market was able to show the decline of quotations after a long growth ottolknuvshis of an important resistance level of 1000 points on the MICEX. However, the nature of yesterday's auction, especially the second half showed that sold the paper at the players no special desire: the resulting reduction in interest rates are not any significant, but each movement down almost immediately redeemed. To revitalize sales have not been able to provide even data on net losses Morgan Stanley in II quarter, which was, in spite of the changed rules of accounting, $ 1.37 per share. Presumably, the optimists in the market today in the absolute majority, and they are oriented to the external background, where the U.S. indices, oil prices have also continued to increase thrust, with the slightly improved macroeconomic data, as well as a huge wall of liquidity, vbroshenny in the world's central . Therefore, if in the near future we will not see the new negative news, the level of 1000 points on MICEX may be covered up and then aim to increase area of 1200-1250 points on the index. (A prerequisite for this is that fixing the price of oil above the $ 68 a barrel on the type of Brent). On the other hand, from a technical point of view, we have a clear rebound from the resistance at 1000 points, which is accompanied of Perforation of short-term (since early last week), rising trend in most blue chips. However, the trends were holes sideways rather than down, which also gives hope for growth after the consolidation. With regard to individual securities, thenthere are the shares of NLMK (5,14%), CMI (1.29%) and Severstal (4.52%). Paper metallurgists grow on the anticipation of possible measures of state that may follow from the Prime Minister. Today : leading world markets on Wednesday closed raznonapravleno: German DAX 0,54%, Britain's FTSE 0,28%, DJIA -0,39%. Asian markets this morning, rising 8 consecutive day, while Japanese Nikkei225 adds 1.16%. Futures on the S P500 grow at 0.26%. Pair EUR /USD is in the € /$ 1,4235, while USD /JPY - in $ /#165; 94.20. Gold is $ 952.92 per troy ounce, silver - $ 13.77 per troy ounce, Copper - $ 5,464, and nickel - $ 16,110 per metric ton. Yield for UST-2, 0,94; for UST-10 3,54. Oil Prices in the last 24 hours have increased by $ 0.57 to $ 67.42 a barrel varieties Brent. So, today we are waiting for the growth of quotations of securities. Today, at 12.30 GMT in the United States will be data on the number of primary applications for unemployment benefits (Initial Jobless Claims), and 14.00 GMT - data on housing sales in the secondary market (Existing Home Sales). MICEX (Daily): Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings