Wednesday, September 8, 2010

The immediate objective of growth is located in the vicinity of 920-930 points on the MICEX index

Wednesday, July 15, 2009, 8:08
This news item was posted in News and Comments category and has 0 Comments so far.

Yesterday

Stock trading in Russia yesterday completed the growth indices. At the end of the trading the MICEX index rose by 1.16% - to 891.41 points and the RTS index - on 3,7% - to 866.55 points.

Trading has issued a fairly volatile session. The positive external background, as well as rising oil prices, established by the beginning of the trading, contributed to opening the domestic trade areas gepom up on average by 2-3%. Further, most of the trading session the quotations fluctuated at levels achieved. However, towards the end of the trading, investors have begun to record profits, and practically all blue chip roll back to an open bidding process. Strengthening of the ruble continues to support the market.

U.S. market

Trades in the United States also ended the growth of the major stock indexes. A positive factor for the market has become a quarterly report Goldman Sachs, the results of which were higher than most optimistic forecasts by more than 30%. Net profit of U.S. Bank in the second fiscal quarter was $ 3.44 billion, or $ 4.93 per share, compared with $ 2.09 billion, or $ 4.58 per share, for the same period last year, while the average forecast of experts, surveyed agency Bloomberg, at $ 3.65 per share.

Macroeconomic data again proved controversial. Retail sales in the United States rose for the month of June at 0.6% annual drop in sales slowed to 9.2%. The main growth in sales seen in the cars, where sales for the month vrosli at 2.3%, but for the year decreased by 14%, as well as from sales of gasoline, which for the month added 4.9%. Excluding sales of automobiles rose by 0.3%, while the annual decline accelerated to 7.9%, which was a record fall in the history of the counting rate in 1967. Well, if you subtract from the sales of the part that was due to growth in retail gasoline prices (and according to the EIA gasoline prices in June rose by 16% from $ 2.31 to $ 2.63 per gallon), it turns out that the growth per se was not even with the cars (an increase of gasoline prices has added to sales more than made up the entire increase in sales per month.

From the technical point of view, the rebound that we are witnessing the second day, reached the top of the downward channel, thus, can be pohedzhit Long, or at least prevent the loss of him in the event of further collapse.

Oil

Oil continues to fall third straight day against the backdrop of the monthly report, OPEC and data on retail sales in the United States. OPEC said that global oil demand this year will fall to 1.6 million barrels a day. In addition, the cartel in June increased the volume of production of black gold, the third month in succession.

As a result of trades on NYMEX August futures for the supply of oil WTI cheaper brand at $ 0.17 to $ 59.52 a barrel. But during the bidding price of oil rises to $ 59.52 a barrel.

Asia

Stock Indexes Asia today demonstrate the positive momentum. Japanese Nikkei, rising by more than 0, 5%, a wide market Topix index at 0.2%. Korean Kospi adds more than 2%. Chinese CSI 300 INDEX growing at 0.8%. On the mood of the players had a positive impact of the closure of American playgrounds. A positive factor for the market has become a quarterly report Goldman Sachs, the results of which were higher than most optimistic forecasts. Yen against the U.S. currency is now trading at 93.2 - 934.

Today

External background at the opening of tenders in Russia - a positive. Sure the growth of American indices, the consolidation of prices above $ 60, rising Asian stock indices, of course, will support the domestic stock market.

In the course of yesterday's auction MICEX index managed to rise to the level of 920 points, followed by an adjustment to the 890 items on the background of the stable dynamics of the European sites. This fact indicates a large speculative element in the market. Today, on the positive external background, we look forward to the opening bid gepom upwards. The immediate objective of growth is located in the vicinity of 920-930 points on the MICEX index. The further evolution of our sites will be determined by the mood of American investors and oil prices.

Authorize and appreciate the story;;

Your grade will be the first!


Analyst Ratings


United States: retailers and energy markets stretched up
China has launched a plan to enhance the global status of the yuan
Today is expected to open bidding to gepom upwards of about 1-1,5% on the MICEX index
The volume of trades in the market shares of the MICEX Stock Exchange on Tuesday amounted to 115.37 billion rubles
Today, the paper Sberbank try to cannon against the backdrop of an external positive
If the rise in oil prices continues, it will support the market in the first place - shares of oil companies
On Tuesday, the Russian stock market trading volumes have increased, reaching highs in the past few weeks
Today is the opening bid on the Russian stock market is expected to above previous levels
EBRD will provide RZhD ten credit of $ 500 million

You can leave a response, or trackback from your own site.

Leave a Reply