data on the labor market may be the beginning of a strong correction Volatility in the Russian market continues. At the annual update of maxima oil futures domestic court today opened with gepom up about 2%, which is not consistent with the background formed. After a positive opening and the movement up to a maximum session on updating the annual peak in oil futures to make Brent ($ 76 per barrel), the market started to sell. Change of heart has also contributed to the dynamics of futures for the SP 500 index, which tested the level of support for 1000 points. Tools are not able to penetrate this level, as market participants preferred to wait until the fundamental factors for further action. When spread on the index futures SP 500 index MICEX also departed from the minimum of the day, which was slightly above the 61.8% correction on the first of the Fibonacci series of annual maxima (1083.6 points). Important events of the day were announced at the rate the Bank of England and the ECB, which coincided with the forecast and did not contribute a fixed return. The rates were maintained at the same level - 0.5% and 1% respectively (minimum values since the founding of the British central bank and the ECB, respectively). On the situation in the foreign exchange market was influenced press conference by the ECB, which was announced on the adequacy of current rates. This statement led to the weakening U.S. dollar had an effect on the commodity market where oil futures mark Brent rushed to the annual maximum. In addition, the dynamics of the Russian stock market has influenced the publication of weekly data on unemployment, which were better than forecasts. Last week, the number of applications for unemployment benefits in the United States fell by 38 thousand against expected to decline by 4 thousand partially reverse the positive figures for the week before, because the data have been revised to 4 thousand higher than previously declared values. on the market today, plagued by nervous mood, since bids are at high levels. Fixing of profits deters powerful level of 61.8% the first correction to the Fibonacci (1083.6 points). In my opinion, in the case of Perforation of the confidence level should go down in the cache because of Perforation it down can be a basis for a strong fixation of profit after the July rally. Further evolution has seen uncertain due to the consolidation of the MICEX index near a line passing on the historical and annual maximum. The severing of her as an up and down can also indicate the continuing trend. Thus, the future is likely to determine the data on unemployment in the United States. On Wednesday came on the U.S. labor market, pre-publication core of the week, which were worse than expectations, which contributes perezhidaniyu publish a report on the labor market for the month in the cache. Futures on the SP 500 index traded near the maximum of 9 months - about 1005 points. In the case of Perforation of the top level in the Russian market can be re-formed bychi mood. However, to move the position for tomorrow is not recommended, since the beginning of the session in positive mood in the U.S. market can be adjusted in anticipation of the publication of data on the labor market. Shares of Russian companies traded mostly to better the dynamics of ADR on them, which could lead to a sale. For example, paper Gazprom adds about 3% to reduce the ADR over the percentage. Shares traded near day highs; recommend to record a profit. An important support level is 170 rubles. But today, the paper could easily fall below it, thereby reducing its value. led growth - stocks of Sberbank. In the first half of yesterday's session, the paper tested the most, but he again became a turning point and prevented closer to psychologically significant level of 50 rubles. During the sales shares closed the morning gap that does not preclude another test mark 48.5 rubles. In the case of deterioration of the external background I recommend to close the position at the level of Perforation down 46.5 rubles. Authorize and appreciate the story;; 4 users rated material at 3,5. Analyst Ratings
National Bank of Ukraine (NBU) for the half year extended a moratorium on satisfaction of creditors' bank Nadra, Ukrprombank (both - Kiev) and some other financial institutions, said the agency Interfax-Ukraine a source in the bank. decided to Ukrprombank, the bank Nadra , Zakhidinkombank. In general - for several banks, - said the top manager of the central bank. As reported, the National Bank was able to extend for up to six months a moratorium on satisfaction of creditors of banks with the entry into force of the Law about the features of the implementation of the financial health of banks (from 5 August). Under the law, the National Bank of Ukraine received the right to renew for up to six months a moratorium on satisfaction of creditors' claims the bank, which at the time of adoption of this legislation(24 July) has already introduced such a moratorium.
Dynamics On Wednesday 5 August, at the tender quotes for precious metals demonstrated multidirectional movement, due to a fixation of profits, as well as technical factors. As a result of trades on the COMEX, division New York commodity exchange (NYMEX), quotes on gold fell by 3.40 to 966.30 dollars per troy ounce, the price of silver rose 6 cents to 14.76 dollars per ounce. Causes On Wednesday 5 August, bids for the precious metals market had no clear guidelines. Gold market participants have begun to record profits on some positions because vyalyh bidding on neighboring markets. Quotations of futures on the silver continued to be traded in the recent upward trend, showing a better dynamics than the quotes in gold. From the news it may be noted that the Australian company Sino Gold Mining, owns the second largest gold mine in China, plans to double production of precious metal by 2012, build new mines. At the end of 2010 will go down in the mine operation, Eastern Dragon, which will be an average of 90 thousand ounces of gold per year at cost 125 dollars per ounce for a minimum of five years.
The dominance of growth in world commodity markets yesterday, but the negative trend in this morning. Divergent evolution, and prevalence of rehabilitative sentiments - on the world stock markets. Thus, a reduction of the closure of major U.S. indices yesterday (DJI - minus 0.42%, NASDAQ - minus 0.91%, S P500 - minus 0.29%), the continuation of a moderate negative dynamics of futures on major U.S. indices today. Neither the financial statements of yesterday's largest companies, nor makrostatistika not pleased investors. The decline index of business activity in the services sector, much stronger than the United States market expectations disappointed investors and increased the reduction of all the major indexes. After a negative financial reporting, the leader of reducing steel shares Procter Gamble (minus 2.8%). After closing the main session, negative statements Cisco led to a decline in shares of more than 3%. Preferential growth of speculative stocks the largest banks. At the end of the day, shares of Citigroup rose by 10.15%, shares of JPMorgan - at 3.9%, shares of Bank of America - at 6.52%. Despite the growth in total world oil prices yesterday - lowering the energy sector shares. The index of the largest oil companies fell on the day at 1.09%. Today, the focus of investors will be directed to the statement the ECB and the Bank of England to follow-up meetings on the future credit policy.
According to the authors задумке ideas inspectors should deal with poor-quality meat for money importers. Head of State Committee of Veterinary Medicine Pyotr Verbitsky said that it was necessary to introduce a mandatory inspection of all enterprises that import meat. Under current legislation, it was this omission that companies that have European numbers (permits) are not subject to verification. But the State may require the importer inspections, - said Mr Verbitsky. According to him, the committee is now developing the changes in the veterinary import regulations, working with Goskompredprinimatelstva, the Council of Entrepreneurs under the Cabinet and the Ministry of Justice. Initiatives have come from the May claims of major domestic producers of meat to reduce the importation of meat to Ukraine. May 29, President Viktor Yushchenko issued a decree number 378, according to which the Cabinet should have taken measures to limit agricultural imports to protect domestic producers. has followed the order Goskomvetmeditsiny number 149 of 20 May (!), registered in the Ministry of Justice, June 9 and published on June 22. The document stipulated that the import of products of animal origin in the territory of Ukraine only after preliminary field tests of manufacturing inspection bodies vetmeditsiny. Because the funds in the budget for such travel does not provide the inspectors, the costs should lie down on the importers. Given that the order came into force, where many containers of goods were on their way to the Ukraine, the importers are carried great money and time spent for the preservation and realization of the goods.
Positive opening of tenders on Thursday led to the test area of 110 000 points in futures on the RTS index (RTS-9.09, RIU9). Currently available bear with the foot above 110 000, 111 or 000 points, the aim in the region of 105 000, then 102 of 000 items. Stop on speculative long positions can be located below 104 000-105 000 points. Stop by strategic long possible below 99 000-100 000 points. The objective of growth - 114 000-115 000 points. Futures on the euro-dollar (ED-9.09, EDU9) consolidated in a narrow range of 1.435-1.445. Stop by the long positions can be located below 1.42. Stop by the short recommend that you place above 1.45. Futures on thedollar-ruble (Si-9.09, SiU9) continues along the lower border of the range of 31 300-32 300. We reserve the recommendation to increase the play with the foot below the 31 300 or 31 000. Futures oil varieties Brent (BR-8.09, BRQ9) in its bid had reached $ 75. Stop by the long positions can be placed below the $ 72.5 or $ 71. Futures on gold (GOLD-9.09, GDU9) consolidates above support at $ 960. The next goal is the growth in the region of $ 980-1000. Recommended bullish with the foot below the $ 940-950. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Today is expected against the backdrop of volatile trading activity in the low 3 percent range of vibrations from yesterday's closing and intraday 5-percent change in major indices. Yesterday's auction ended divergent changes in the main indices (RTS index - 1.84%, MICEX - minus 1.63%). Actually, only the end of auction before closing MICEX RTS index deterred from lowering. Neutral opening and a modest decline in major indexes in the first hour against a background of divergent dynamics of the most liquid securities. Moderate growth - in the middle of the day as a modest improvement of the external background. Reduced - at the end of the day against the backdrop of negative Wall Street opening after the disappointed of business activity in the services sector, the United States. As a result of unstable growth of the Russian stock market of recent days have been easily destroyed. Technical readiness for correction led to a decline in almost the entire range of the most liquid securities at the closing (Gazprom - minus 1.51%, Lukoil - minus 1.31%, Nornikel - minus 1.61%, Sberbank - minus 2.37%, Rosneft - minus 1.87%, Surgutneftegaz - 1.29% , VTB - minus 3.03%). Today morning light negative background give rise to a continuation of yesterday's evening started correcting the Russian stock market at least at the beginning of the day. The dominance of growth in world commodity markets yesterday, but the negative trend in this morning. Divergent evolution, and prevalence of rehabilitative sentiments - on the world stock markets. Thus, a reduction of the closure of major U.S. indices yesterday (DJI - minus 0.42%, NASDAQ - minus 0.91%, S P500 - minus 0.29%),the continuation of a moderate negative dynamics of futures on major U.S. indices today. Neither the financial statements of yesterday's largest companies, nor makrostatistika not pleased investors. The decline index of business activity in the services sector, much stronger than the United States market expectations disappointed investors and increased the reduction of all the major indexes. After a negative financial reporting, the leader of reducing steel shares Procter Gamble (minus 2.8%). After closing the main session, negative statements Cisco led to a decline in shares of more than 3%. Preferential growth of speculative stocks the largest banks. At the end of the day, shares of Citigroup rose by 10.15%, shares of JPMorgan - at 3.9%, shares of Bank of America - at 6.52%. Despite the growth in total world oil prices yesterday - lowering the energy sector shares. The index of the largest oil companies fell on the day at 1.09%. Today, the focus of investors will be directed to the statement the ECB and the Bank of England to follow-up meetings on the future credit policy. Out of the USA - weekly unemployment figures. Yesterday's increase in commodity markets led to a modest increase in the stock markets of Latin America (Mexico - 0.76% Brazil - 0.62% Argentina - 1.52%). Mixed dynamics - in Asia (Japan - 1.32% Korea - 0.36%, China - minus 1.3%, Taiwan - 0.3%). The modest increase in the final against the weak U.S. currency and reduce the weekly oil stocks data in the United States according to American Petroleum Institute - the world oil market yesterday, but a negative trend after the bear of data on the Office of Energy Information on tenders in Asia today . September futures price of oil brand Brent on the results of yesterday's auctions has increased by 1.23 to 75.51 dollars, up by updating the current year. In Asia, the September futures price of oil brand Brent fell by 0.5 dollars. growth at the expense of weakening the dollar and the euro - in the market of the major base metals yesterday, but the reduction in morning auction today. As a result of yesterday's auction at the LME, three-month futures price of nickel rose by 4.77%, copper - at 2.4%, and zinc - to 3.62%, lead - to 1.77%. moderate decline - in the ADRs of Russian oil and gas stocks in the U.S. yesterday, a negative discount available to a small pressure on the RTS index at the opening today, in relation to the closing prices of shares on the RTS 5 August: Gazprom - minus 1.54%, Lukoil - minus 2.1%, Surgutneftegas - minus 0.5%. The Russian stock market dynamics are expected at the opening of a very moderate reduction to neutral on the major indices. Multidirectional dynamics of the major indices and the entire spectrum of the most liquid securities - within days. Dynamics of the U.S. dollar to major world currencies after the final statement the ECB will determine the dynamics of world oil market, which, in turn, affect the dynamics of the closing stock market, and in Russia. Also at the closing will have an impact and direction of the opening of Wall Street after weekly unemployment data. In general, volatile trading expected today against a background of low activity with 3-percent range of fluctuations of the yesterday's closing and intraday 5-percent change in major indices. Authorize and appreciate the story;; 1 users rated material at 2. Analyst Ratings
Europe Old World Index fell by an average of 0.4%, which could be safely write to the average deviation, if not for the fact that some regional markets have lost a little more - so DAX index dropped 1.2%. In fact, negative emotions fit into the reduction of retail sales in the euro area. In the positive zone of the paper were the financial sector, who feel as if nothing happens and the world financial crisis, as has happened. America New World Index fell by 0,3-0,9%, responding to the negative macroeconomic statistics and corporate reports, which turned out to be worse than expectations. Ahead of the world-wide is the financial sector - this is really true to any head, even on his forehead, and any sea on the knee. raw materials, currency, etc. Industrial metals at auction in London continued its long rise, gold performs oscillatory motion just below $ 970, U.S. dollar finished the day is neutral.
The Russian stock market on Wednesday was not able to hold above 1100 points on MICEX due to weak data on U.S. economy. As a result of trades on the RTS index rose 1.84% to 1094.26 points and the MICEX index fell 1.63% to 1084.16 points. Activities bidders with a markedly higher than the average for the last time levels: the volume of trades on the MICEX reached 84.57 billion rubles. In the first half of trading session Wednesday in the Russian market dominated by the positive mood. Outside the background does not give clear positive impulses, but as we have already noted, in the Russian market remains positive attitude that has enabled the MICEX index rising above resistance of 1100 points. The situation in the market began to change after the withdrawal of United States labor market from ADP, which were worse than expectations. A sharp intensification of sales occurred at 18:00 after weak data on business activity in the services sector, the United States. This, combined with declining U.S. market is in a few minutes MICEX index down to support in the region of 1080 points. eve many bidders burned on failure to break resistance in the region of 1100 points on the MICEX, as published in the U.S. macroeconomic data is not short of market expectations. As a consequence, we expect that the Russian players would show in the morning, very careful, and will not take action until not get enough the fundamental reason. MICEX Index at the same time, we expect in the range 1080 - 1100 points. During the day, market attention will be riveted to the meeting of the Central Banks of Great Britain and the euro. Interest rates are expected to remain at the same level, so the interest of regulators assessing the state of the economy and their plans to further stimulate the economy. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
New Max black gold can support the Russian neftyanku In the domestic market, there is a high volatility due to sharp price fluctuations in world stock market sites, and raw materials. Yesterday, nearer to the closing of trading session, on a wave of market sales, provoked a negative macro-economic statistics - and the introductory report Friday on unemployment in the United States, and data on an index of business activity that has left a mark of 50 points. After the end of auction sites on the Russian situation in the U.S. stock market remained negative, with the result that the U.S. indices finished the day in red zone. The main negative macroeconomic statistics generated. Outsiders session were shares of industrial companies and the health sector. Bookmark of the day was the banking sector, supported by the financial news. Shares American International Group shot at 62% on expectations of a quarterly report. Reduction of defaults on credit cards American Express resulted in the growth of quotations of securities companies. interesting developments in commodity markets. The sharp increase in crude oil stockpiles in the United States was once again reverse the decline in gasoline stocks, which led to an increase in the value of black gold. Oil brand Brent reached a new annual maximums - $ 75.51 per barrel, but the level was unsustainable and had to start bidding on the domestic stock market quotes have gone virtually percent below maximum levels. futures indexes traded in the United States half above levels at which shut down domestic sites, quotes, oil - is also slightly higher. A negative sign before the start of trades on the Russian market is yet another sharp decline in the Chinese index, which is traded on the inside of the day 3% lower than yesterday's closing day, which is connected with regular news of a possible restraining lending by the Central Bank of China. Separately, it should be noted the dynamics of the Mexican index, which rose against the backdrop of the eve of the new annual highs of oil prices. The opening of the market seems neutral, as the sharp Drawdown MICEX index in the last hour of bidding and the closeness of the index to a level of strong support will deter market participants from further sales. The volatility of the levels on the external surface may lead to a sharp turn in the day, therefore, recommends that the speculative strategy. macroeconomic statistics, to anticipate, only increase the volatility on the trading floors. The key event will be a press conference by the ECB, which has traditionally had an impact on the currency market, and may suspend the strengthening of the euro against the dollar, which in turn will lead to a correction in commodity markets. MICEX index closed at a strong level of support, but the technical potential of reducing the negative signals in the case is about 2.3% to a level of 1060 points, which is a form of speculative positions in the purchase. Resistance once again make the medium-term ascending channel boundary formed at the beginning of the year. In the evening session on FORTS most of the contracts on stocks neftyanki closed in the red. The market ADRs is also a trend fixation profit. Today, at the opening of tender paper industry could become one of the favorites, having played the new records for oil, after which the probable profits fixation. Authorize and appreciate the story;; 1 users rated material 5. Analyst Ratings