Russia's stock market began the week lower, the MICEX index losing more than 1%

 
  
 
 
  31.08.09 12:57 ;
  Today, before the opening of Russia's trading persisting negative external background. On the morning in the oil futures observed downward dynamics. Asian sites were traded in the «red zone», while the fall in China was about 6%. U.S. index futures also were negative. Against this backdrop, domestic sites were opened in negative territory, the MICEX index in early trading has lost more than 1%. By 12.40 Moscow time the MICEX index fell 1.55% to 1094.06 points. The RTS index dropped to 1.47% to 1073.47 points. On FORTS the September futures on the RTS index in the red at 2.12% and amounts to 105360 points.

Better the market shares of Russia's once again look interregional telecommunication companies, which, as experts note, continue to «win back» investor expectations for a possible surge in coming quarters processes of corporate mergers and acquisitions in the industry. Papers «Sibirtelecom», «prefecture» «Uralsvyazinform» and «Dalsvyaz» Against this background, becoming more expensive to 4,15%, 3,25% and 4,53% respectively.

European sites are traded in the «red zone». DAX index lost to date is 1.28% and5,518.43 points, the CAC 40 index in the red at 0.91% and dropped dootmetki 3,659.62 points. In Britain today trades are not held in connection bank holiday to mark the end of the summer.

Futures on the SP is reduced by 0,74% and is at the level of 1019.8 points.

By 12:40 Moscow time the euro /dollar is at 1.428. Today, the MICEX to the dollar yield 31.83 rubles for one euro - 45,43 rubles. Thus, the value of currency basket is now 37.91 (on Friday against the currency basket price stood at 37.83 rubles).

By 12.40 Moscow time, the October futures for Brent crude traded at $ 71.67 a barrel, Light - $ 71.72 per barrel.

Experts predict the prevalence of negative dynamics of Russia's market share throughout the day.

«The selling in China today - vivid proof that the current success in the stock markets are far from economic reality: the fall can be very rapid. Correction in China increases, it may well be a harbinger of global sales in equity markets », - analysts suggest IR Grandes Capital.

«The onset week will be very generous to the economic publications. The focus of investors will be attracted to outgoing statistics on labor markets in the euro area (Tuesday) and the U.S. (Friday). Recall that the statistics on unemployment in Japan has reached the maximum of a half-century, thus threatening the restoration of the second-largest economy, so any negative labor market from the U.S. or Europe could lead to a new wave of sales. In addition, interest will be the euro-zone GDP data (Wednesday), which may be revised downwards, the ECB meeting, data on retail sales in the euro area (Thursday), as well as European and U.S. manufacturing index. In general, we expect that by mid-week indexes can begin to rebuild, but on the eve of publications from the labor market nervousness in the markets will rise considerably, which could lead to sales on Thursday, Friday », - believes Vasily Konuzin, head of analytical department of IFC Alemar .
  

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