Russia stock market opening will continue its progress towards 1500 and the MICEX index, but the decline in oil prices could quickly cool the ardor “bulls”

Russia”s stock market up to the day almost managed to get back into positive territory, the RTS index could not reach up to plus only 0.03%, standing at 1,580.67, while the MICEX index rose by 0.3% to 1,484.03. Most of the day shares were under negative pressure from Europe, as well as declining oil quotations, and only in the last few hours the situation has changed dramatically and the market rushed up behind the U.S. sites. In the favorites once again proved to be the paper of the Savings Bank, for which stretched as the banking sector and other industries.

European stock platform first half of the day stayed in dejection. Macro-economic data prompted the players to the sad thought, because the in1000dex of economic sentiment in Germany declined in excess of the forecast, and the index of retail prices in Britain rose and exceeded expectations, indicating that inflation in the country, and this could lead to a rise in interest rates. In addition, the securities of financial institutions affected record Citigroup, which appeared a loss due to the cost of debt to the state.

continues to agitate the situation on the markets of Greece, so SP agency reported willingness to again lower the credit rating of the country. Against this background, as an alternative to pharmaceutical stocks were made by companies that confidently walked up. In addition, positive impact on the pharmaceutical sector the paper came from U.S. companies, since the elections took place on Tuesday in the U.S. Senate in Massachusetts, where the probability is high that will win the Republican candidate. In this case, health care reform, conceived by the administration of President Barack Obama, representing the Democrats, could encounter resistance, so the latter will have to make concessions when making law. Good news for investors was the fact that the company Cadbury has adopted a proposal Kraft merger, after which the paper first reached a historic high. In addition, the bidders could not resist the opening of the optimistic American sites.

U.S. stock markets managed to build on its success in the session, thereby strengthening its position at the top. The pharmaceutical industry has been in the spotlight. Retailers attracted interest after Credit Suisse raised its rating on securities McDonald “s. In addition, Credit Suisse contributed the rise of interest in the securities of technology companies, raising the recommendations of Ciena Corp. Despite the weak results of Citigroup, the bank”s shares rose, support was provided by comments to the results for the quarter, which noted that the situation with loans in the world is improving. Oil has risen in price after the stock exchanges, supporting power engineers. His contribution to this made a forecast of world demand for OPEC oil in 2010, which remained unchanged.

Asian stock exchanges are now showing mixed dynamics indices. Partially sites act out the positive outcome of trading on U.S. markets. Pressure on the paper of the Chinese government has decided to suspend loan programs. Oil retreated from $ 79 and then returns to $ 78, which prevails over the shares of the commodity sector.

Russia at the opening of the stock market will continue its progress towards 1500 and the MICEX index, but lower prices for “black gold” and the negative Asian sites can quickly cool the ardor of bulls. Also in anticipation of new financial reports of U.S. companies, investors may pause and partially lock properly. MICEX Index is in the corridor 1450 - 1500, however, if we see positive signs from the U.S. banking sector, we can reach new heights at the top.

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Today, players expect the data on inflation and construction in the U.S., as well as reporting Bank of America for 4 quarter 2009
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