Reduced the price of oil will be pressure on the commodity sector, the worse the market will feel the action Lukoil and Rosneft

by admin on July 2nd, 2009

Previous Session

Among Russian indexes finished multidirectional movement: -0.92% RTS, MICEX 4.21%. Significant growth in the MICEX index was achieved due to end bidding at 18:45 rather than 18:00 as in the RTS. As a result, investors managed to catch the positive mood of the early U.S. session, and believing in a miracle, they rushed to buy. His contribution made shortoviki close their positions. Therefore, irrespective of the sector, all blue chips have been able to add much. Oil and Gas: Gazprom 6.54%, Lukoil 3.33%, 3.08% Rosneft, Surgutneftegaz 5.06%. The banking sector: 7.26% VTB, Sberbank 3.54%. Non-ferrous metals: MMC NorNikel 5.6%, 5.98% PolyusZoloto.

European indices finished the day a significant increase: the British FTSE100 2.15%, German DAX 2.01%.

U.S. indices in the first half of the day failed to demonstrate significant growth. Investors are guided by the very much worse and bought the paper. However, in the end, common sense prevailed, and in the afternoon, many had reduced their positions. The result: DowJones 0.68%, SnP500 0.44%, Nasdaq 0.58%.

Before opening

Asian session demonstrates positive dynamics: Japanese Nikkei225 0.01%, Chinese Shanghai Composite 1.51%, the Australian Index All Ordinaries 0.55%. U.S. futures at SnP500 -0.18%. Quotes Ruble are now at around 31.06 (Forex). Oil brand Brent 68.81 (0.02%). The pair euro /dollar. traded around 1.41.

Recommendations

expect a negative opening. Reduced crude oil will put pressure on the commodity sector, the worse the market will feel the action Lukoil and Rosneft. The banking sector is once again experience a wave of sales, which may well turn into a collapse near the end of trading session, particularly on the securities of Sberbank. Lower prices for raw materials and mixed news background, in a compartment with high volatility, put pressure on the paper MMC NorNikel. Key investors will focus on emerging macroeconomic data. It is likely to reach certain values in the first few hours of bidding, the markets will provide the outset, waiting for data. At 13:00 the rate of unemployment (EU), 13:00 index of industrial prices (EU), 15:45 a decision on interest rates, the ECB (European Union), 16:30 Number of new jobs (U.S.), 16:30, unemployment (United States), 18:00 factory orders (United States). We expect a deterioration of the situation during the day. Given the pre-day on Friday in the United States and as a consequence of the absence of significant volumes suggest that investors refrain from taking decisions today.

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