Russia market is in a state of uncertainty about the direction of further movement

by admin on October 20th, 2009

Russia on Tuesday the market opened on a positive growth of external background formed optimism on world stock and commodity exchanges, and futures added to S P. With this at the opening of the MICEX index rose by more than 1,5%. Then the leading indicator pushed from the top of the rising channel and began to be corrected by closing an hour early morning gap. Then the market fell into Bokovikov, and at 15.00 MICEX index is trading with a decrease of 0,1%.

After reaching the regular peaks in 2009, oil prices are adjusted, thereby reducing the oil and gas sector companies quotes. Lukoil lost 0.9%, Rosneft - 1%. Better the market shares of Gazprom looks be added 0,5%. In addition, the organization of OPEC said today that the price of oil is $ 80 per barrel is unreasonably high, and return it to the level of $ 100 is an undesirable scenario. The report had a negative impact on commodity platforms.

better market traded by the representatives of non-ferrous metallurgy. Paper Polyus Gold grow by 2,9% against the background of increasing projections for the price of gold in December 2009 to $ 1100 the analysts of Standard Chartered. Polymetal rises in price on 1,5, Nornickel - by 1%.

Currently, Russia's market is in a state of uncertainty about the future direction of motion. On the one hand, already overdue correction, on the other - the data from the U.S. continue to fuel the optimism to the world and domestic exchanges.

Of significant makrostatistiki now expected data on the real estate market and the index of producer prices in the U.S. (16.30 IST). Also, investors should pay attention to published reports today, Caterpillar, DuPont, and Coca-Cola.

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