Russia market will open at the bottom, and the MICEX index may retreat to 1390 points

Russia stock market on Thursday confirmed its position at the top, so the RTS index had advanced 1.01% to 1,460.98 and the MICEX index by 1,1% to 1,406.55. The rapid rise at the opening was due to the actions of Federal Reserve left rates unchanged and the statement by Obama about the new measures to support the economy. Nevertheless, some of its gains stocks have lost pressure subside during our session, oil quotations because of a strengthening dollar, which had an impact on Russia”s oil industry, and inflicted a major blow to American statistics, was worse forecasts. Orders for durable goods were virtually stagnant, and the data on initial applications for unemployment benefits were not so optimistic. Restrain the market in positive territory thanks largely oversold market in recent days.

European shares moved up to the day in negative territory. If the statistics within the region in general coincided with expectations, the U.S. data are a factor in sales. In addition, quarterly results disappoint investors, pharmaceutical AstraZeneca, which affected the entire sector, as well as the players drew attention to the results of the Canadian chemical company Potash Corp. of Saskatchewan, which reduced net income by 69%, which caused the fall of its European competitors KS and Yara International. But the strong financial reports Hennes Mauritz and Nokia have not been noticed by the market, reflected only on the actions of the companies themselves. The fall in metals prices has not left indifferent to this turn of events securities of mining companies that went after them.

American share platforms have demonstrated the downward momentum on Thursday. In addition to statistics on the stocks negatively affected by forecasts of companies, because Qualcomm has lowered its sales forecast, but Motorola expects a loss in the I quarter. Shares of technology companies were among the leaders of the decline. Isolated islands of growth were the company, figures that for the last quarter exceeded predictions, among them Procter Gamble and Eastman Kodak. Raw ground because of fallen prices have not been able to support the stock markets.

Asian stock exchanges today reduced the exception of China. Shares of technology companies are falling behind their American counterparts. Moreover, exacerbate the situation reports of individual companies in the region, so if Elpida Memory has shown a net profit of less predictive values, the AU Optronics has demonstrated the loss of up to quarter, and Advantest Corp. worsened its forecast for losses in the current fiscal year. Shares of mining companies are under pressure from buckling in metal prices. Statistics from Japan proved to be ambiguous, since on the one hand the unemployment rate unexpectedly dropped, instead of the expected growth, but industrial growth has not justified the hopes placed upon it, remains at that level.

Russia market will open at the bottom, and the MICEX index may retreat to 1390. Commodity prices are under strong pressure from the dollar, which continues to strengthen its position. If this trend continues today, it is likely we will see another decrease in petroleum quotations, which at this time may be more serious and cause oil prices to $ 69. In addition, the DJIA index closed below the 100 - day moving average and if today he could not jump, it is likely that we will see a further decline. In this case, the MICEX indexef8could rebound to 1370. Much will depend on the statistics, in particular, will be published today, the U.S. GDP. Immediate negative signals can cause serious correctional movement. Up by the MICEX Index immediate goal - 1420/1430.

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Forex - results of the day
The Ukrainian stock market on Thursday rose to corporate records from the United States and domestic demand for paper MMC
There is still attractive for speculative purposes look paper FGC, until they more expensive level of 0,329 rubles
Publicly traded on Russia”s stock market can be expected to break down on 0,75-1%
The biggest adjustment will be observed today in the metallurgical sector issuers, ADR are cheaper per night
Better the market have a good chance to look “Telecom and paper electricity sector
For Russia”s emerging market mixed external background: the U.S. market closed in the red zone “, the Asian indices traded raznonapravlenno
Friday on Russia”s stock market will start with the “gap” down, “bulls” it is important to keep the level of 1390-1400 points on the MICEX
Igor Artemyev: The prices for domestic oil products market in Russia is still too high at 15-20% relative to world prices



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