Thursday, July 29, 2010

Any negative now perceived as a pretext to commit, so it's possible a more profound drop in the indices

Wednesday, September 30, 2009, 10:12
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Russia stock market on Tuesday to close rolled away from intraday highs, but succumbed in the black. RTS Index added 0.95% to 1,260.56 and the MICEX index 0.38% to 1,212.75. Stabilization of prices in the oil market contributed to strengthening the positions of Russia's actions. Islands of growth observed in the various sectors, including oil. Upsurge in the market caused U.S. data: first, improvement in the housing market - has pleased investors, but later the situation has tarnished the index of consumer confidence, which turned out worse than expected. The situation on the European stock markets was of mixed dynamics. Statistics within the region as a whole was of a positive nature, coinciding with or slightly surpassing the expectations of them, so the index of consumer confidence in the euro area has exceeded the forecast. Data from the U.S. ambiguous impact on the markets, since on the one hand there was the grown up beyond the expectations index of home prices, and the other players saw a sudden drop in the index of consumer confidence. The positive news for the financial sector, BNP Paribas decision on raising capital in order to reduce the state's share in the company. Papers of the mining sector came under pressure cheapening metals, and steel companies were down over plans to place Salzgitter AG convertible bonds to raise additional funds.

American share platforms, started the day for the health, completed it on the negative territory. Bidders responded positively to information about the growth in home values that remove tensions that arose against the backdrop of negative data in the previous days. However, the decline in sales in retail chains and the index of consumer confidence caused the sale, which could not stop. Investors are counting on the improvement of the global economy, and the negative statistics indicate that their hopes may be premature. Above the commodity trading companies dominates the American Petroleum Institute report, which showed growth stocks black gold in the United States.

Asian stock exchanges today are moving in different directions. Optimistic outlook NGK Insulators Ltd. regarding the profit Micron Technology Inc. supported the purchase in the markets. Statistic data on activity in the manufacturing sector in Japan, growing for several months, support for markets, but Japan's industrial output growth below the forecast value and re-growing and the yen a negative impact on the stocks of companies.

Russia's stock market will open without any changes. It is likely that the MICEX index will again test the strength of a mark by 1200, as oil looks weak. Today is expected the next big block of statistics, which again can make a major contribution to the position of indices. Any negative now perceived as an excuse to commit, so it's possible a more profound drop in the index for 1190/1180. Above goal 1220/1240.

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Analyst Ratings


Negative closing trades in the United States on the eve of levels the increase in the oil market
Today is definitely the game in the hands of the Bears
Today, before the next portion of statistic data from the U.S. market will rule the speculative mood
Today, Russia's market may open at yesterday's closing levels, or with a small gap up within 0,5%
Shopping on Russia's markets are becoming less confident in the coming days, volatility will remain high
FAS Russia will turn to Russia for YOU confirm the validity of their conclusions about the non-competitive behavior, TNK-BP
Prices for gold and oil futures yesterday finished neutral
Dollar depreciated - the morning review of cash markets
U.S. preparing sanctions against companies insuring the supply of oil products in Iran

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