Judging by the pattern of recent days, markets confidently turned down, and the likelihood of deepening the correction is very large

On Thursday, February 4, most of the session, the Russian stock market drifted in a small minus: rollback of prices in commodity markets and the negative closing trades in the U.S. on the eve do not promote the optimists to attempt to resume growth, but even the pessimists in the run-up to meetings of the ECB and the Bank of England does not hurry with action. The situation changed dramatically after 16:30 Moscow - low statistics from the U.S., coupled with gradually turning into a permanent factor of pressure on the market is investor concern about the fiscal deficit countries of southern Europe provoked a sharp decline in global stock and commodity platforms, which set back the MICEX index below 1400 points: the He was closing 1395.87 points (-2.46%).

Throughout the day, an outsider was the telecommunications sector, stock quotes, MRK, following the recent rally lost from 0 to 6.5%, cheaper, and shares of Rostelecom (-2.59% ordinary, -2.36% preferred). However, in the evening on the background correction of the situation unfolding across industries has become pratkicheski uniform, went into a deep negative Sberbank (-3.76% ordinary, preference -3.49%), oil and gas sector (Gazprom -3.17% Gazpromneft -3 , 24%, somewhat better than Lukoil, -2.0%) and metals (Norilsk Nickel -2.99% -4.06% Severstal), swept the sale of the majority of low liquidity shares power (at the same time, the FGC on the the market level, -2.63%, while shares RusHydro markedly more stable -1.24%).

Expectations for today: yesterday, the MICEX index was completed in the zone of support for 1390 - 1400 points, however, to date, taking into account the gloomy external background it looks already maloaktualnoy, and most likely in the morning the market index will go to a local minimum of the last week in the area 1370 points. Keep the sales activity may await the statistics on the labor market in the U.S.. However, most likely, fundamental change in the alignment of forces in the market, it no longer will - judging by the pattern of recent days, markets confidently turned down, and the possibility of deepening the correction is very large.

Log in and enjoy the material;;

4; user rated material 3,5.

Analyst Ratings


Today, trading on Russian stock market can be very volatile
The possibility of further outcome of the devaluation of the ruble of Russia in the foreign exchange market in the medium term remains
If the data on the U.S. labor market will be weak sales in global venues have every chance to continue
If today the U.S. will come good data on employment, the Russian players will buy locally resold securities
Today there is a real danger of starting a new sweeping away everything in its path a wave of forced sales in the market
Potential reduction of U.S. stock market today may be about 10%
The worst of the market will be the financial and oil and gas sector
FAS fined the Saratov branch of Sberbank “more than 1.8 million rubles for the imposition of paid services
SB EU: Electricity consumption in Russia in January 2010 by 7,2% more than consumption in January last year



Leave a Reply
\