Friday, September 3, 2010

Strongly prosest Russian market not established the price of oil close to $ 70 a barrel

Sunday, June 21, 2009, 21:25
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To date, the external background for participants in the Russian market remains highly controversial. First, continue to press on the market news of the delay of projects to Gazprom for gas deliveries to China and reducing the rating agency SP ratings of Russian banks. Naturally, that is, having not the greatest optimism for growth, now those paper and podavno will be under pressure.

Second, an active desire to bear to work with short and no less desire VEBa to throw into the market of securities (worth about 175 billion rubles.) does not contribute to the growth of the market. Nevertheless, there will always be bold spirits, who will say that the observed decline in the Russian market is excessive, so the weakening of the dollar should be the trigger for the rebound, and high oil prices should support the oil companies. On the U.S. market trading ended divergent changes in the leading index, as one of the leading paper companies have been reducing the financial sector, after the international rating agency Standard Poor s has lowered the corporate ratings of nearly 20 U.S. banks. The Agency stresses that the conditions for operating activities of banks will be less favorable. Securities Wells Fargo proseli at 5.37%, and the paper JPMorgan lost 2.3%, while the quotes KeyCorp. fell to 7.77%. After the public financial reports 1.4% loss of paper one of the world's leading postal carriers FedEx. The company reported that its net profit for the financial year ended 31 March 2009-the first year, decreased 11.5-fold, reaching $ 98 million compared with $ 1.13 billion last year. Stock Quotes largest competitor FedEx - United Parcel Service declined to bid on the basis of 0.66%. With regard to macro-economic statistics, even prior to opening the U.S. Department of Labor has published data on the dynamics of consumer prices, which in May compared with the previous month increased by 0.1 %, with market expectations that the index will grow by 0.3%. Yesterday, the Ministry of Commerce reported that the negative balance of payments on the basis of United States I the quarter fell to $ 101.5 billion, which was the small figure deficit in the last 8 years . Nevertheless, the market was waiting for an even larger reduction of deficits on the basis of the last quarter - to a level of $ 85 billion in the oil market quotes retreated from its intraday minimum of $ 69 after U.S. stock indexes moved in positive territory. Yesterday, investors in Another look at the latest weekly data on reserves, which were initially perceived as ambiguous. If the oil reserves in the last week decreased significantly more than predicted - at 3.9 million barrels, the growth stocks of petrol has exceeded all expectations. It is due to lack of quotations Yesterday, oil rose more than twofold compared with the minimum values of February.

The increase in oil prices triggered concerns of investors regarding the fact that this may undermine the emerging economic recovery, just as last year's high oil prices exacerbated the economic downturn. In general, the increase in oil prices in recent months, actively contributed to the weakening U.S. dollar, as inflationary fears prompted market participants to buy commodities. However, while visible signs of inflation yet, because the consumer price index in the United States in May fell by 1.3% compared to May of 2008, which was the largest fall since April 1950-year.

Today, we look forward to continuing to find the outset, as much prosest the market does not provide steady oil near $ 70 a barrel, but do not grow much short selling and rumors of early sales VEBa. On the other hand, it was hoped that the decline yesterday in the Russian market was not connected either with the oil prices, nor to the situation in the United States, therefore, clearly suggests the trend is difficult to.

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Analyst Ratings


In the positive zone remain some oil shares, supported by still high oil prices
Correction on Russian sites vydohnetsya early next week
The situation on the foreign sites remains relatively stable
Today on the Russian stock market is expected small increase in the main indices
It is possible that during the session, the MICEX and RTS indexes fell below 1000 points
Today at the Russian sites is expected to continue the negative dynamics of
Another aim of the MICEX indexwill mark 1000 points
Shares IDC Volga now overvalued relative to the analogs
Today on the Russian stock market is expected to multidirectional changes in quotations of securities

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