Russia
U.S. Fed comments on the improvement of the economic environment, as reason for the change of mood of investors, triggering a rebound after the previous reduction and improvement of future evaluations in a number of companies. Dynamics of shares of Travelers Cos. - Helped the sector to the insurance companies to rise above, after increasing the credit outlook of the rating agency Standard Poor's, while the quotes Allstate Corp. grew by more than 6% against a background of improving the recommendation to buy on the part of Bank of America Corp. Quotations Toll Brothers Inc. - Leading manufacturer of luxury housing have grown to maximum size since 2000. (14% during one trading session), after the publication of a report on sales surpassed expectations.
Our opinion : The situation in the Russian market after a few sessions of correction is likely to be directed towards growth, which contributes to release steam Stochastic oscillators and support in the oil market. Local perekuplennost market has been overcome, and redemption of the levels coming supports interpretation of the continuing intention of the market participants to move in any direction except for the active reduction. Also worth noting two similar pictures in the graphs and the MICEX index futures oil Crude Light. Rectangle or flag with the borders of 1061 and section 1120 for the MICEX, and oil 69.09 and 72.42 provide the opportunity to increase the level of a breakthrough in the upper section 59 for the domestic market and 3.33 for the hydrocarbons market. Potential growth is defined as the difference between the maximum and minimum level (the height of the figure). Thus, the objectives may be 1179p. MICEX index and 75.7 for oil.
Europe
European stock indexes finished trading environment due to the increasing gains of banks in anticipation of the outcome of a two-day meeting announcements Fed and U.S. investors impressed by the results of an energy company E.ON. Pan-European index of blue chip FTSEurofirst 300 rose 1.05 percent to 941.97 points. Operating profit of the German E. ON - the world's largest energy companies - has declined in the first half of 1 percent to 5.7 billion euros, while analysts expected to reduce to 5.5 billion euros.
| FT-SE 100 | 36.94 | 0.78% |
| DAX | 36.87 | 0.69% |
| CAC40 | 21.42 | 0.61% |
Asia
Asian markets show positive trends in today's auction, along with the MSCI Asia Pacific Index on the background of the U.S. Federal Reserve comments on the gradual stabilization of the economy, and still retain interest rates at low levels. James Hardie Industries NV-leading seller of face coverings for homes in the United States grew by almost 10% at auction in Sydney. At the same time, a leading Bank of Australia - Commonwealth Bank of Australia rose to bid on 4.9% after increasing the recommendation of the Macquarie Group Ltd. the prospects for recovery of profits the bank. Hutchison Whampoa Ltd. and Cheung Kong (Holdings) Ltd. may also show positive momentum in the second half of the trading post as the company reported profit surpassed projections.
| NIKKEI 225 | 82.19 | 0.79% |
| HANG SENG INDEX | 455.15 | 2.23% |
| SHANGHAI SE A SHARE INDX | 29.35 | 0.90% |
| SHANGHAI SE B SHARE INDX | -0.15 | -0.07% |
| KOSPI INDEX | -0.71 | -0.05% |
United States
U.S. stock market rose on Wednesday as the Fed reported that there are signs of economic stabilization. In addition, the U.S. Central Bank has kept key rate unchanged at a level close to zero. Indexes can grow to the maximum marks for the last 10 months, thanks to technological and financial securities firms. But in the last half hour of trades rally slowed. Shares of financial companies enjoy the greatest demand. Quotes Allstate Corp rose by 6.3 percent after Bank of America-Merrill Lynch raised the insurer's rating to buy from neutral. Papers Applied Materials went up by 3.3 per cent, as a manufacturer of equipment for chips reported that it completed this year to at least break-even due to new orders and a significant reduction in costs.
| DJIA | 120.16 | 1.30% |
| SP 500 | 11.46 | 1.15% |
| NASDAQ COMPOSITE INDEX | 28.99 | 1.47% |
| NASDAQ 100 | 24.90 | 1.56% |
Closing bid for ADR GDR in the western areas was positive.
| Gazprom | 0.17% |
| Rosneft | 0.36% |
| Surgutneftegas | -0.11% |
| MMC Norilsk Nickel | -0.66% |
| Rostelekom | 0.71% |
| Gazpromneft | -0.94% |
Prices are per 1 share
* closing price of a receipt for the United States and European markets to the closing price of shares on the MICEX.
Recommendations : Of the major macroeconomic statistical data suggest that attention to retail sales in July in the United States and import prices for the same period, as well as the number of applications for unemployment benefits during the previous week. The data will be published in 16-30 Moscow time.
Fig. 1. MICEX (daily schedule)
Fig. 2. Crude Light Futures (daily)
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In the 1 half of 2009 revenues of Lukoil on the RAS decreased by 31% to 277.4 billion rubles
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Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
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Overview of the oil market for 12.08.09