In stock Gazprom could affect the outcome of the meeting Russia-Ukraine-EU relations over the granting Ukraine a loan to pay for gas supplies
Results of the previous day:
On Thursday, during the volatile session, the Russian stock market kept on the heights reached.
RTS from the ruble to the U.S. dollar increased by 1.73% to 903.23 points, MICEX index prosel at 0.26% to 938.72 points. Trading volume increased.
Continue Rally on Wall Street and the rise of quotations in the energy market after the publication of data on commercial oil and petroleum products resulted in a short inertial growth after the opening of the Russian stock market. In the future market dynamics shifted in the lateral direction, because of worsening external background tempered expectations of obtaining a favorable figures on the labor market and data on business activity in the manufacturing sector FRB Philadelphia.
For example, even before the opening of tenders in Russia became aware of problems at the Bank CIT Group, whose bankruptcy could be the largest since the collapse of Lehman brothers. This message, coupled with weak reports from Nokia, and Novartis was the trigger for containing bull sentiment on the European stock markets opened. For holders of Russian stocks is compounded by an event that led to a demand for the U.S. dollaras a currency of refuge, which set the downward vector of prices for oil. In such circumstances, the MICEX index, after an unsuccessful attempt to escape the morning outside the upper bound of the corridor prosel upward to 930 items, which was found support in the future, even twice in their role of buoy for planish wave of sales.
away from this level upwards allowed favorable quarterly report from JPMorgan Chase and the data from the labor market. And primary and secondary applications for unemployment benefits showed a serious decline, which could presage a full improvement in the troubled economy. However, given the available perekuplennosti in world stock markets in the renewed growth was very sensitive to negative events. So to the final bid, it became known that the second month in succession statistics recorded capital outflows from the state, and the index of business activity in the manufacturing sector FRB Philadelphia entered the dissonance with the figures from the FRB of New York, published the day before, showing the decline in the indicator. This led back intraday highs, a second retest 930 index points on the MICEX and the completion of the session near the previous day's closing level. In the spectrum of the most liquid securities within sectors, there was no unified dynamics.
So the financial sector Micex FNL (0.47%) completed the day increases. Ordinary shares of Sberbank (-1.14%) were more susceptible lower value of the shares of financial companies in early trades on Wall Street because of the news around the CIT Group and JPMorgan Chase prediction conservation in the near future losses at the unit for the production and servicing of credit cards than his preferred shares (0.44%) and VTB shares (2.76%).
Metallurgical Sector Micex MM added 0.66%. On Thursday, operating results for the II quarter have begun to publish steel. NLMK has not been able to justify their forecasts, with its shares cheaper at 3.36%, while CMI was able to over the past three months, the volume of production be maintained at the same level, which quotes its shares shoot at 7.02%. Severstal Stocks improve after analysts Banc of America Securities - Merrill Lynch recommendations on them to keep has increased in value at 0.53%. The most liquid stocks in the sector - MMC Norilsk Nickel (-0.25%) were unable to extend its rally.
Energy Micex OG (-0.4%) looked worse than the market as a whole because of the negative dynamics of oil prices. However, neutral-negative outcome for the chip turned podrosshie in the price of paper. This prefy Surgutneftegas (7.27%) and Gazprom's paper (1.24%). In the past quotes traders discount positive scenario in the upcoming Friday meeting between representatives of Russia, Ukraine and the EU over the extrication of a critical situation in Ukraine, paying for gas supplies.
Looking at this market:
The American stock market once again completed the day in the field of positive (SP 0.89%). Some tired of shopping that occurred after the rally the previous three days, limited the positive response from a very good data on the labor market, forcing market participants in the first half of the trading focus on the disappointing data on an index of business activity in the manufacturing sector FRB Philadelphia and the efforts of outflow of funds from the United States. His contribution has made a dive into the market in a negative area and information about bankruptcy CIT Group, which together with the prediction of JPMorgan Chase losses on transactions with credit cards, which grade is largely already laid a good quarterly report, helped to reduce the costs of overweight shares of the financial segment. But in the last third of the trading-established parity below the neutral mark was broken in favor of the bulls after the speech Nurielya Rubin. Venerable professor of economics, it again noted that he expects the completion of a recession in the economy over the next 6 months, and that the worst thing of the past. After the completion of quarterly reports to better auction market expectations provided by Google and IBM, however, futures on U.S. indexes on Friday morning took place already adjusted for the last four days of growth (SP -0.16%).
At the Asian stock markets also reacted with great attention to the words of Rubin Nurielya that support positive mood (MSCI Asia pacific 0.7%). Better the market shares of banks are feeling and developers improve on them after advice from the analysts Barclays.
Oil prices mark WTI after the closure of the Russian stock market had little to bargain above the level of $ 62/barr., but on Friday morning returned to the $ 61.6/barr. in which the activity on the stock bid in Russia was completed. In the metals industry as a whole a similar picture.
So, on Friday Russian stock market will be opened with a break up around 0.5%. Day in terms of technical analysis is likely to continue upward trend after it touches the bottom border of the ascending corridor and support in the form of a minimum of yesteryear (928 points) on the MICEX index. The nature of the previous tender points on the conservation of overweight consumers. Adjustments in this scenario can make the data on the housing market (16-30 Moscow time) and reports from Colgate Palmolive, General Electric and Citigroup. Prior to the publication of these reports can be expected to moderately positive momentum and low activity of the market players. It will look like the market shares of oil and gas sector. On the dynamics of the shares of Gazprom could affect the outcome of the meeting Russia-Ukraine-EU relations over the granting Ukraine a loan to pay for their gas supplies.
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Ministry of Agriculture United States improved the prediction of grain exports from Ukraine in 2009/2010 MG in 1.5 million tons
Banks on the looting
Today the Russian market is expected to multidirectional movement of quotations with a moderate downward trend
Well now could be traded securities of energy and steel companies
Fixed-term contract on RTS index is able to continue to rise to the level of 94 000 items
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The Russian stock market retained the positive mood
Investors are not confident that growth in world markets will be significant continued
