Russia market is in limbo, and to choose the direction of further movement he needed guidance from outside

During the day on Thursday Russia”s market once again subside to the negative external background, primarily, on concern the deterioration of the credit rating of the United States and the problems of individual European countries. At the same time yesterday, the support of the macroeconomic statistics, investors in vain.

sale securities touched virtually all sectors equal1000ly. So, myself and MICEX, and the sectoral indices lost an average of 2,5%. Somewhat better behaved of other financial sector at the expense of second-tier banks and partly VTB, which inspired the “bulls” intent to buy back some of its shares from the market for onward transmission to the management as a reward.

However, it is still not stopped the paper from the reduction. It is possible that such actions have long been been in the bank”s plans, and then a ransom could go earlier, when the market price of shares was below the current one. In this case, yesterday”s comments can not be a major factor supporting quotes “VTB” in the near future.

In general, Russia”s market is in limbo, and to choose the direction of further movement he needed guidance from the outside. Today, as such may be the American record on employment. In light of recent posts for sure need a fairly strong growth in data, and then bounce up can be observed not only tonight but in the beginning of next week. Of course, provided that Western players also will accept data positively. If the numbers do not inspire the market, reducing quotes could go, but from the collapse of their able to keep the low trading volumes, observed recently at the sites.

Prior to release domestic investors may focus on the behavior of commodity futures. However, given the substantial fall in prices for oil and metals before it also does not add optimism to the opening of Russia”s market, despite higher raw material quotations on Friday morning.

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While the major sales in Russia”s market was not observed, leaving the hope that the decline today may suspend
In the first half of the session, the sale of touch all sectors of Russia”s market
External background is negative for the market of Russia, America had closed certain decline, Asia traded mostly down
Yesterday, the euro /dollar fell on the U.S. session to mark 1.3718
The external background is negative: America closes certain decline, Asia traded mostly down
Analytical review of the FOREX market for Thursday, February 4, 2010



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