The forecasts of analysts: the positive opening of the Russian stock market will help stabilize oil quotations

07.07.09 09:59 ;
  Start trading week on the Russian stock market was marked by the collapse of major stock indices. Negative external background and the falling oil prices on Monday had a significant impact on the mood of Russian investors. Visiting U.S. President Barack Obama in the Russian Federation no effect on the Russian site is not provided. The leaders of reducing the Russian bid on Monday became the paper «Tatneft» and «Gazprom», lost 7.7% and 6.6% respectively. Several papers look better than the market sector of telecommunications and electricity. Thus, «Mosenergo» decreased by only 1.1%.

Several papers look better market the telecommunications and electricity.

Following Monday RTS index lost 3% to 921.44 points. MICEX index dropped more than 5% to 925.21 points. Trading volume on MICEX remained very low and amounted to $ 4 051.58 million

This morning course a pair of euro /dollar at Forex stands at 1.39. Analysts suggest that, today, a couple will be traded in the range 1,41 - 1,39.

Oil quotes show upward momentum, but still below $ 65. The August futures on oil brand Brent traded at around $ 64.36 a barrel, Light - $ 64,21 per barrel.

External background before opening the bidding on Tuesday Russia is positive. Stocksite closed primarily in the United States «black». Investors believed in the improvement of credit conditions in global financial markets and, despite the reduction in the cost of Commodities, renewed buying in the second half of the tenders. The index of business activity in the ISM non-productive sector in June rose from 44.0 to 47.0 point, while the expected value of 46.0 points. As a result, Dow Jones increased by 0,53%, S P500 at 0,25%, NASDAQ lost at 0.5%.

Asian sites traded today, with the decline. The main pressures continue to be accounted for by commodity paper companies. The significance of the Japanese Nikkei index fell by 0.47%. China's Shanghai Composite Index lost 0.08%.

Today, Bank of Russia will select applications for the placement of temporary free money of the federal budget of Russia in the accounts of commercial banks.

Analysts note that in the absence of macroeconomic statistics, domestic markets will again be left to themselves, that the promise of uncertainty and, consequently, the high volatility. If «bears» during the day all the same will be able to intercept the initiative, the market will wait for the acceleration of downward movement to the levels of 870-880 points on the MICEX index.

«RTS, apparently remains in the downward trend, but risks turning the trend in terms of the coming weeks presented significant», - predicts Alexander Osin, chief economist of the CC «Finam Management».

According to Dennis Kruglova, analyst IK «Finam», in the first instance, can demonstrate the growth of shares of oil companies against the background of positive trends in oil prices. «From the statistics today, we can draw attention to the industrial production of Great Britain in May», - he continues.

«positive top bid will contribute to the stabilization of oil quotations, the strengthening euro as well as the positive closing of U.S. trading platforms yesterday. Nevertheless, talk about the end correction at the Russian sites until early », - believes Dmitry Kontorschikov, Senior Analyst IR« Vestiga ».
  

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