Friday, September 3, 2010

Drawdown at the opening of trading the MICEX index may return to the Friday lows in the District 1396 points

Friday, February 19, 2010, 6:18
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Russia stock market on Friday resumed its decline, bringing the RTS index lost 2.67% to 1,489.46 and the MICEX index dropped by 1.78% to 1,410.38. Above the external background continue to dominate the concerns related to the tightening of monetary policy, China and the possibility of default of Greece. Proposal by Obama to limit the size of financial institutions in the country and the volume of their trade exacerbated the negative factors. As a result, the fall were not only stock, but also the raw area. In addition, over the latter prevails are reinforced dollar. Russia”s chips could not keep their positions in positive territory, with the most powerful corrective movements were observed in the recent leaders of growth, in particular the Savings Bank. Nevertheless, the negative has not prevented potyazhelet certain securities telecoms because news about the transfer of shares of Rostelecom Agency for Deposit Insurance in trust bank. In addition, shares of Severstal showed growth despite the market trend by analysts Goldman Sachs, upgraded the rating of securities companies. European share platforms on the basis of the last working day left in the negative zone. The difficult situation in the global financial system is cause for concern for the prospects of this sector, increasing the sale of its securities. Collapsed the price of oil and metals drag down shares of a mining and energy companies. On top of that disappointment to the players data on retail sales in the UK, which turned out worse than forecast.

U.S. stock markets closed plummeting on Friday. The successful recovery of the world economy is at issue, based on the latest developments, as well as the tightening of monetary policy, China and Barack Obama”s plans to reform the commercial banks may inhibit some positive developments. Against this backdrop, corporate results from companies like General Electric and McDonald”s remained in the background. But Google has upset the bidders with the results were much worse than the forecast values. Even one negative thing was the fact that the reassignment of head FRS Ben Bernanke has come under question, as a number of senators refused to hold his candidacy for the presidency.

Asian stock exchanges today are in the red, playing pessimism U.S. and falling commodity prices. Besides that strengthens the yen a negative impact on shares of exporters. Of the regional news of negative emotions has added the news that the Bank of China Ltd plans to raise capital through the placement of bonds convertible into shares.

Russia at the opening of the stock market would resume its decline due to the buckling of oil prices and U.S. futures, which toss the MICEX index to Friday lows in the area 1396. Currently, oil prices approached the lower boundary of the ascending corridorfc0, which runs at around $ 73.5, leaving it can discard the price to $ 69 (around 200 - day moving average). For Russian market it may be another reason to fall, resulting in the MICEX index may be in 1380. Nor can we exclude that this happens a technical rebound, if foreign markets will retain their current positions. Also on Friday, bidders ignored the rating increase the RF agency Fitch, possibly today, about this recall.

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Analyst Ratings


Closed on Friday short positions today can be reopened in the calculation for the continuation of the negd06ative dynamic
Accumulated oversold can lead to rebound up during today”s trading
Today in technical rebound bulls may return to the market
Last Friday, the euro /dollar has risen dramaticalld3fy in the U.S. session, more than 100 points and reached a mark 1.4178
GM close to agreement on the sale of the Dutch Spyker Saab
Exchange rate of dollars saved without changes - a review of cash markets
Britain has condemned the U.S. for the regulation of banks
The Kremlin made a turn after
Government does not give someone else

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