Next week is expected to remain negative sentiment on the stock sites

by admin on July 3rd, 2009

On Friday, July 3, tenders for the Russian stock pads were in the red zone against the backdrop of an external negative. Leading indexes falling to 1,5%. Oil prices continue to drop, but at a pace as the previous day. Closed on U.S. and, consequently, a lack of looking at the overseas sites have led to the lateral dynamics of bidding in the second half of the day and reduce the volume of purchases, sales. Worse market traded securities of Gazprom (-2.30%), MMC Norilsk Nickel (-2.50%) and Sberbank (-2.30%). Shares of individual companies have the support of corporate news - is, first of all, Uralkali (increasing prices for the products) and IDC Holding (transition to a single share in 2011).

Last week did not bring significant changes in the situation on the Russian stock market. The growth that we saw earlier in the week, was completely reverse in the second half. After active bidding, due to positive trends in global platforms and a significant growth in commodity markets, investors have shifted to sales - the reason this has become a way of regular statistics on the labor market in the United States. The number of jobs in non-agricultural sector over the past month fell by 467 thousand, while unemployment reached 9.5% - the highest level since 1983. Similar news refute established in recent opinion about the U.S. economy out of recession. Also on Wednesday published the data on stocks of petroleum and petroleum products. U.S. Department of Energy report last week showed another increase in gasoline stocks and destsilyantov, which indirectly indicates a decrease of fuel consumption in rail and trucking, and, consequently, indicates a weak economy. All this had a negative impact on the quotes of black gold. Light Crude Oil stamps lost in the price of 8%, down from $ 73 to $ 67 a barrel. Falling prices also contributed to the strengthening of the dollar and the U.S.. Such movement of commodity markets has had a very negative impact on the domestic stock market quotes.

Next week we expect to preserve the negative sentiment on the stock markets. In the beginning of the week should not be ruled correct. The fact is that most markets are close to the levels of support, formed in the side-wide trend (for the MICEX, he is 950 points for RTS - 940 for SP500 - 890 points). Of Perforation of these levels down will increase sales on the Russian site.

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Overview of the oil market for 02.07.09
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Ministry of Fuel and Energy has refused to count the practice of price corridor for light petroleum products at gas stations
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Analysis - Results of the day
If on Monday the U.S. stock exchanges opened in the negative, the Russian market will be the next Bear Holiday
The Russian market shares allocated IDC, which grow on the news on the transfer of power distribution companies to a single share by 2011
Rising oil prices in the run next two weeks can be up to $ 75, and by the end of the year - up to $ 100 a barrel

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