Powerful stimulus to growth of prices in the Russian stock market has no

By the end of trading session on Monday came the growth of away, and a number of papers even suffered from a record profit. The official reason for the growth became negative correction in oil prices and the worst in comparison with the expected reporting Lukoil for RAR and opened in negative zone of the U.S. stock indices. In reality, the players were not ready to get funding for such a high price levels. RTS Index on the basis of 27 July grew by 2.5% to 1037 points, MICEX index had reduced growth to 0.9%, to 1036 points. In the best performing shares Uralkaliy (7.8%), TGK-6 (6.2%), OGK-6 (5.5%), OGK-2 (5.2%). Financial results MOESK (4.9%) to IFRS for 2008 were better than forecasts. Strengthening of the ruble led to the influx of speculative investment in shares of banks (up to 5% in shares of bank Revival).

European markets earlier in the week closed, weak growth (index FTSE 0,3%). U.S. indexes virtually unchanged in value (0.1 0.3%). The reason for doubt become controversial quarterly reports, including Honeywell International Inc., Verizon Communications Inc. This makrostatistika was more than good: sales of new houses in the United States rose in June 2009, seasonally adjusted 11% to 384 thousand homes. Analysts were expecting 350 thousand Asian markets before the opening of the Russian market show weak negative trend (-0.1% in the Nikkei). Oil futures traded at yesterday's closing levels, (71 $ /barrel. Brent and U.S. $ 68.4 per barrel. WTI). U.S. futures indices slightly reduced.

Stock Quotes at the opening will be roughly consistent with, or be slightly lower than the closing on Monday. Today will be published index of consumer confidence in the United States and the index of SP /CaseShiller in housing prices in May. Bezzalogovy Central Bank of Russia will hold an auction for the sum of 150 billion rubles. Polymetal: production results in 1P2009 In addition, MTS plans to start placing the bonds at 15 billion rubles.

expect growth spurt in prices is unlikely to be legitimate. Powerful impetus to the growth of Russian stock prices yet. The level of 1050 points for the ruble and dollar market indicators, market participants regarded as a psychological signal to a fixed profit. In any case, the price increases by 5-15% in July, should be considered in terms of optimistic scenario on the Russian stock market.

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