Following the decline in the discount rate the National Bank lowered the rate on overnight loans. Now the value of the resource without is 17%, and loans on mortgage OVDP - 15,5%. But the market is unlikely to feel the changes, because the volume of market transactions NBU remain extremely low. More - our economist Alexei Blinov.
American markets on Tuesday completed the biggest fall auctions in the past 5 weeks. Correction was the logical result of too rapid growth of the market in the previous four weeks - for the period indices gaining 15%. Help reduce and sobering commentary analyst Richard Bove on the prospects for the banking sector earnings in the second half, or rather, lack thereof. Positive data on productivity growth in this market background ignored. At the moment, the technical indicators point to perekuplennost market. In addition, investors are cautious the day before the Fed decision on the discount rate and expectations of the Federal Reserve signals on the state of the economy
European stock markets also closed on the background of the decline and fall of American corporate news. In particular, market participants upset news that Lloyds Banking Group at risk to get the denial from the government for its additional issue of shares amounting to 15 billion pounds. The company fell 7%. Negative reporting was Swiss hedhantera Adecco, which is reflected in the reduction of its securities by 5%.
Oil to bid in New York fell after the collapse of stock market and closed below 70 dollars. Gold rose slightly, to 945 dollars per ounce.
The forecasts of analysts on Wednesday, August 12
Today, investors await Fed rate decision
Toxicity - not a vice
Chernovetskiy: New tariffs zhilkomuslugi to remain in force
Ordered to squeeze out
Blue chips mainly fall on the 0.5% -1.5%: leaders in reducing shares WGCs, AFK System and Tatneft
Now the stock market of Russia is in the short-term correction to the upward trend, but by September, is expected correction
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
As leaders of reducing the paper today automakers KAMAZ and Sollers, which lost 4.29% and 3.49% respectively