Analyst Forecasts: The negative dynamics of futures for U.S. indices would allow Russian «bears» start selling again

26.06.09 10:18 ;
  On Thursday, Russia's bid to moderate the players recorded significant growth in profits after the previous day. In doing so, nor expensive oil, not rising U.S. stock indexes do not have support for the domestic market.

Shares of oil and gas sector were mainly in the «red», all the more lost paper «Gazprom» (-4,2%).

looked better market shares of some regional telecom and energy companies. In particular, «prefy» «Dalsvyaz» increased by almost 9%. Paper TGK-4 added 3%. Shares InterRAO increased by 2.23% against the backdrop of the comments, Vice-Premier Igor Sechin to the plans of the company and the state of the industry.

Following Thursday RTS dollar index fell by 1.2% to 947.52 value item. The drop in the MICEX Index reached 2.4%, to 961.15 points. Trading volume on MICEX increased to $ 7 121.03 million

This morning course a pair of euro /dollar at Forex stands at 1.40. The experts suggest that a range of trades on Friday to a pair of 43.5 - 44.

Oil prices once again exceeded the $ 70 mark, which may give a chance to Russian Market podrasti slightly. The August futures on oil brand Brent traded at around $ 70.17 a barrel, Light - $ 70,63 per barrel.

External background before opening the bidding on Friday, Russia is positive. Major U.S. stock indices on the background of the publication of better than expected data on the final change in GDP in quarter 1, the words of the head FRS Ben Bernanke regarding the emergency measures to rescue Merrill Lynch, as well as the cost of oil exceeded $ 70 level per barrel finished the day with positive result . As a result, Dow Jones increased by 2%, S P500 increased by 2,1%, NASDAQ has risen by 2%.

At the auction in Asia were mostly in positive territory. The significance of the Japanese Nikkei index rose by 0.94%. China's Shanghai Composite Index gained symbolic 0,006%.

Among the most notable news on Friday is worth noting the data on inflation in Germany and the confidence indicator released by the University of Michigan. Also, investors will be expected to publish data on income and consumer spending dollars. Experts believe that the projections on the whole encouraging, so it is likely that the Russian indexes finish week in «black».

Many analysts suggest that, given positive external background of the opening of tenders will be held in Russia with «gepom» up.

«The immediate objective of growth is located in the vicinity of 980 points on the MICEX index. During the day possible area index 1000-1020 items », - Alexander predicts Volynsky, Manager Asset« Investment Chamber ».

According to Vladimir Sergievskaya, strategist IR «Finam», morning background conducive to the growth of the Russian market. «Our favorites are the short-term actions NorNikelya. Against the backdrop of increased volatility of the conservation of paper Sberbank may look good market. In the medium term, we recommend you do the basic rate on oil and gas sector », - he predicts.

According to Dmitry Kontorschikov, Senior Analyst IR «Vestiga», negative dynamics of futures for U.S. indices may help «bears» re-start sales. «We believe that the most likely scenarios now be open from gepom up to 1-1.5%, then the market will follow the dynamics of the western markets», - he continues.
  

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