Russia stock market opening will continue to decline, which may accelerate if oil quotes will support at $ 75

External background continues to divert Russia”s market is down, this time RTS index has lost 1.71% to 1,530.29 and the MICEX index 1.73% to 1,435.9. Pressure on Russia”s actions turned on all fronts. Building up their positions the dollar dragged down oil quotations, which is reflected in the papers of Russia”s oil industry. The situation worsened after the publication of the report on stocks of U.S. Department of Energy, because despite the decline in oil inventories, the volume of gasoline rose sharply. The fall of share platforms of Europe and the United States has indicated the direction of movement for the majority of our securities. Expected strong record of Goldman Sachs reiterated its expectations, causing a small purchases. But the U.S. data once again presented a unpleasant surprises. Primary applications for unemployment benefits increased, instead of the projected decrease, and the index of business activity in the manufacturing sector declined in excess of forecasts. The growth index of leading indicators was little consolation to the players overlooked. Correction to a greater extent affected the commodity sect1000or and banking, securities, which declined after their foreign counterparts.

European share platforms shut down on Thursday”s outcome. Part of the negative came from the Asian stock exchanges, where - investors still fear the tightening of monetary policy by the Chinese authorities, as well as the United States continues to haunt the markets. In addition to the weak macroeconomic data, confusion in the markets caused by information about the intention of President Barack Obama to limit the size of financial institutions in the country and the volume of their trade. In addition, another blow to the banking sector caused the news from Greece after the statement of the head of the Greek bank EFG Eurobank Ergasias that the first half of 2010 would be difficult for regional banks. The fall in commodity prices reflected in the shares of mining and energy companies.

U.S. stock markets crashed on Thursday”s outcome. The opening was marked by the rapid collapse of Statistics and China. Improving the economic climate in China, according to the latest macroeconomic data on the background of rising inflation could force the leadership to resort to tightening monetary policy. From news inside the country also exuded optimism. All these factors have also exerted pressure on oil and metals, which become cheaper.

Asian stock exchanges are now showing a strong decline. Buckling American and commodity exchanges set the negative tone of trading. Amplifies this trend growing and the yen, which affects the securities exporters. Besides cheapening raw materials is forcing analysts to revise recommendations for securities of these sectors, resulting in Goldman Sachs Group Inc. downgraded the ratings of a number of mining companies, which further contributes to sales.

Russia at the opening of the stock market will continue to decline, which may accelerate if oil quotes will support at $ 75 (there are 100-day moving average), which can tilt them to $ 70. MICEX index goes to 1420, but with increasing external negative, may retreat to 1410/1400. Today, attention will once again be focused on the records of companies, as well as to the possible comments on the plans the U.S. administration to restrict the activities of banks and reports from China. Nevertheless, given the serious fall in yesterday”s auction, today overseas colleagues can recover a bit, in this case, the MICEX index can grow up to 1450.

log in and see the material;;

1; user rated material 5.

Analyst Ratings


BP will not overcome the veto of the President of Proceeds of Crime Act
Forex - results of the day
Forecasts of analysts: Gap down at the opening of Russian sites will be 1% on the MICEX index, during the day possible technical rebound
Today the market of Russia will focus on oil prices, a number of data from Europe and the behavior of American indexes
Today the opening of the market of Russia is expected to decrease against the background of falling oil prices
Level of support on MICEX today can make the level of 1400 - 1410 points
Today is worse than the market can be traded shares of companies of financial sector
Today morning background negative for Russia”s stock market
At the opening of today”s trading is expected to continue the negative dynamic



Leave a Reply
\