Opening the U.S. market in a negative zone played into the hands of bears on FORTS. Under the closure of the main session went into minus. Following the closure of the futures on the RTS index has lost 1,11% and closed at a value of 122 925 points. Results have been concluded for the day, more than 286 thousand transactions totaling $ 1 960 million Number of open positions on futures rose a day to 2 930 368 contracts, the number of open positions of the options rose to 1 159 572 contracts.

In the evening went to minus contracts on shares of oil and gas companies and banking sectors. The leaders began to decrease contract for shares of OAO Gazprom (-2.58%) and a contract on ordinary shares of VTB Bank (-2.46%). Also, more than 2% lost a contract for the shares of Surgutneftegaz.

remained in positive territory only to contracts for a number of steel companies: a contract on ordinary shares of OAO Severstal (1,48%), the contract on ordinary shares of Polyus Gold (1.56%) and telecommunications companies - a contract to ordinary shares of JSC MTS (1.97%).

On the currency section in the red on the dollar-ruble (-0.34%) and euro-ruble (-0.11%). In the green zone of the contract for the euro-dollar (0.3%).

the added day of the contract price for Brent oil ultimately fell by 0,75%. The contract on refined gold bullion closed at a price of $ 1 000.5, typing 0,55%, the contract on refined silver bullion rose by 1.25% to $ 16.25.

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EUR /USD

first resistance level is at 1.4645 - a maximum of yesterday, more couple will head to 1.4700 - a psychological level, coinciding with the 61.8% Fibo, then possibly move to 1.4743 - 38.2% Fibo and then possibly move to 1.4771 -23.6% Fibo. A distant goal - 1.4800. Support for the first level is at 1.4600, further couple headed 1.4526 - at least yesterday, more to be 1.4500. A distant goal - 1.4400

Resistance levels: 1.4645, 1.4700, 1.4743, 1.4771, 1.4800
Support levels: 1.4600, 1.4526, 1.4500, 1.4400

USD /JPY

first resistance level is at 90.00, then steam will go to 90.35 - a maximum of yesterday, then perhaps move to the 91st figure, then to be 91.34 - 38.2% Fibo. Support for the first level is at 89.61 - at least yesterday's figure may decline further in the region 88.20 - at least yesterday, a distant goal - 88.00. Read the rest of this entry »

global equity markets

past trades on the U.S. stock market finished lower for most securities quotations. In leaders of falling - shares of technology companies and the oil sector.

During the day will be published final data on U.S. GDP for the second quarter. On average, U.S. experts expect that the Ministry of Commerce will lower their estimates of changes in GDP to minus 1.2% instead announced earlier minus 1%.

Tomorrow, the International Monetary Fund will announce the revised forecast of world economic growth for this year and 2010. According to German newspaper Handelsblatt, forecast will be significantly improved.

In the first half of the day care environment growing up futures on America. Asian sites are completing today's trading session, mostly negative. Green traded Japanese Nikkei 225.

In August, the sixth month in a row, Japan has increased the volume of industrial production, growth amounted to 1,8% in comparison to the previous month. However, in comparison to the previous year the production is still lower - by 18,7% against the same period. Also in the morning there was an information that the Bank of Japan in connection with the improvement of the situation in the credit market in October can decide not to renew a program of emergency purchase of corporate debt.

Metal Market

Yesterday all base metals traded on the London Stock Exchange, except for copper, was able to complete the trading session positive changes.

Leader trades - nickel prices increased by 2,3% (up to $ 17140). Prices for aluminum (1852 $) and lead (2232 $) increased by more than 1%. Zinc and tin symbolically rose by 0,3% (1883 $) and 0,4% ($ 14,450), respectively. Read the rest of this entry »

September 25 had a working visit to the general director of Severstal, Alexei Mordasheva in Vorkuta, in which he evaluated the results of anti-crisis actions of OAO Vorkutaugol and discussed with company management plans for 2010.

According to Alexei Mordasheva, anti-crisis actions enabled the company to cut costs by 13% in the first half, compared to the same period last year, despite an increase in tariffs for energy in the middle of the Komi Republic by 26% and the inflation processes.

Mordashov stressed that anti-crisis measures should be continued, and the task before Vorkuta asset remains unchanged - to reach break even in the first quarter of 2010.

Analyzing the situation in the coal market, the head of Severstal, said that he does not indulge in excessive optimism about the increase in coal prices in the spot sales: The recovery in the market in August and September - a result of shortages of coking coal concentrate, arising out of to the instability of some of the industry. Read the rest of this entry »

Restoring the American stock market on Tuesday (SP 500 -0.22%) failed to develop. Consumer fervor after the publication of positive index of house prices SP /Case-Shiller damper on the disappointing data on consumer confidence from the Conference Board. In anticipation of the publication of data on the number of new jobs in the private sector from ADP and final estimates of GDP for the II quarter of the U.S. who want to buy it later turned out less than those who were willing to take profits on which occurred the day before lifting the market. Most noticeably it looked in the shares of oil and gas and technology companies. In the middle of the week, futures on U.S. indices (SP500 0.19%) due to favorable reports of Nike, Micron and other companies is almost completely negate the loss of spot market.

on stock trading in Asia, a single dynamics is not observed: Nikkei 225 0.08%, Hang Seng -0.73%, Shanghai composite 0.91%. Read the rest of this entry »

A sudden decrease in the index of consumer confidence yesterday, had a negative impact on U.S. stock indexes are lower, but not more than half a percentage point. The price index for homes for 10 major cities in the U.S. rose in July to 1,7% in monthly terms that investors viewed as another sign of stabilization in the housing market. But in general we can say that the U.S. stock indices yesterday, just took a little breather after a strong growth the previous day, and continue to bargain in the uptrend.

The dollar, which on Tuesday was trading unchanged against the euro this morning disabled weakens. The weakness of the dollar slightly warms quotes the price of oil: Brent $ 65,9 /bbl. Interestingly, the price of oil contracts has not reacted to the data on oil reserves from the API, which last week rose 2.8 million barrels. (distillate stocks also rose by 2.3 million barrels., gasoline inventories fell 1.7 million barrels). Dynamics of prices of gold in the whole oil copies: $ 996,5 /oz, 0,51%. Read the rest of this entry »

Yesterday, the euro /dollar was trading session at the American level of about 1.4570. Rate pound /dollar consolidated at the 1.5950 mark. Pair dollar /yen fluctuated near the 90.20 mark. Cross the euro /yen fell to 129.70, and by the end of the session, recovered to 131.00.

The experts noted that the lack of directional movement rates may be due to anticipation of the publication of a number of important fundamental data for the week.

Yesterday, the Dow Jones New York Stock Exchange fell 47.16 points (-0.48%). The Nasdaq fell 6.70 points (-0.31%). SP 500 index dropped to 2.37 points (-0.22%).

Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX fell 22.79 points (-0.40%). Index of the London Stock Exchange FTSE 100 fell 5.98 points (-0.12%).

Consumer confidence in the U.S. for September 2009 amounted to 53.1 (the forecast was 58.0, revised from the previous value of 54.1 to 54.5).

Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. This index Nikkei 225 falls to 22.64 points (-0.22%). Index of the Hong Kong Stock Exchange, Hang Seng falling to 153.93 points (-0.73%). Singapore Straits Times index drops to 13.61 points (-0.51%). Code SP /ASX 200 fell to 2.90 points (-0.06%).

Today in Asia pair dollar /yen after rising to the level of 90.28 dropped to 89.65. The euro /dollar after rising to a mark of 1.4630 down to 1.4610. Rate pound /dollar continued its recovery to a mark 1.6025. Read the rest of this entry »

 

In anticipation of today's U.S. GDP data release for the second quarter of 2009 and beginning next week in the U.S. corporate reporting season in the financial markets, perhaps there is a lack of significant investment ideas.

This macroeconomic data, published yesterday, apparently, could not provide an unambiguous effect on the behavior of investors.

indices of consumer confidence and economic climate in the countries of EMC, released yesterday afternoon, in September showed up markers, respectively, 82.8 and -19 Fri with an average forecast is equal to their 82.5 and -21 point and values of these indicators in the previous months is 80,6 and -22 points.

On the other hand, the September index of consumer confidence in the U.S. declined to 53.1 Fri an average analysts expected value of this index is equal to 57 points. The estimate of this indicator in August of this year been revised to increase to 54,5 Fri against 54,5 Fri previously.

Philadelphia Fed President Charles Plosser has said yesterday that the Reserve would require courage to undertake measures curtailing monetary incentive, despite the fact that during the period when it will be, should the U.S. economy, according to the plans Fed, show signs of sustained recovery. According to him, although the current inflation remains very subdued, however, considering, including an extremely soft monetary policy, regulators, there are considerable risks increasing value of pressure in the economy in the medium and long term.

Such rhetoric, on the one hand, traditionally able to alert the players, who fear for speedy completion of the period of macroeconomic monetary incentive from the Fed. Read the rest of this entry »

A sudden decrease in the index of consumer confidence yesterday, had a negative impact on U.S. stock indexes are lower, but not more than half a percentage point. The price index for homes for 10 major cities in the U.S. rose in July to 1,7% in monthly terms that investors viewed as another sign of stabilization in the housing market. But in general we can say that the U.S. stock indices yesterday, just took a little breather after a strong growth the previous day, and continue to bargain in the uptrend.

The dollar, which on Tuesday was trading unchanged against the euro this morning disabled weakens. The weakness of the dollar slightly warms quotes the price of oil: Brent $ 65,9 /bbl. Interestingly, the price of oil contracts has not reacted to the data on oil reserves from the API, which last week rose 2.8 million barrels. (distillate stocks also rose by 2.3 million barrels., gasoline inventories fell 1.7 million barrels). Dynamics of prices of gold in the whole oil copies: $ 996,5 /oz, 0,51%.

today's trading on Asian exchanges take place in heteropolar areas. The best Chinese and Indian market indexes. Chinese PMI fell in September to 55.0 from 55.1 in August. Recall that from 1 to 8 October, China will take on the autumn holiday to celebrate the 60 th anniversary of independence of the PRC. Markets in the return to normal operation only on Friday October 9. Japanese data on the volume of industrial production showed an increase of 1,8% m /m (against 2,1% in July).

opening of trading on Russia's stock market on Wednesday, we will see in a neutral-positive zone. The lack of a negative scenario for the auctions in Asia and the growing futures for U.S. indices (SP 0,2 pose while shaky, but support for the daily growth of our market. In our opinion better than the market today will be traded shares of Gazprom, Lukoil, Surgutneftegaz and steel companies.

Today expect publication in 11-55 data on unemployment in Germany, 16-15 Exposure information on the number of employed in the private sector from ADP. In the 16-30 leave the final figure for the U.S. GDP for the 2 nd quarter, as well as the main index of consumption expenditure. In the 17-45 come data on business activity index, Chicago PMI and, finally, at 18-30 will be published data on oil reserves in the United States.

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Russia

Russia's stock market yesterday strengthened its position: the RTS index rose 0.95% to exactly 100% since the beginning of this year, as loudly trumpeted Russia's media, the MICEX index rose to 0,38% (to a significant event not missing four percentage points). Trading volume on the RTS stock exchange amounted to $ 3.86 billion, of which $ 2.19 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section to gain by selling 156.6 billion, turnover in the index amounted to 61.4 billion rubles.

bitter struggle for the 1,200 points mark for the MICEX index continues: cash liquidity is not giving the market free fall, and special occasions for no growth. Whatever did not talk about the investors' appetite for risk, desire to eat is not to desire hog all in a row. Period when the shelves swept everything ended in the first half of the year, but now it is time for culinary delights, but they are impossible without specific reasons. Yes, reports Russia's companies do not look bad, which is not about statistics on Russia's economy in general. Moreover, virtually impossible to separate the success of the companies themselves from the implementation of stabilization measures by the Government, and therefore distortion of reporting must be incredibly strong. This applies not only to the situation in Russia, it can be called the global trend (keep silence about innovation in accounting standards to its virtualization). Lag of the real sector of the stock market sees a huge and increasingly you can hear the question: not too fast we run?

Futures for Brent oil traded slightly above $ 65.75, futures on WTI crude oil are slightly above $ 67 (November contracts at 9-30 Moscow time). Today published data on stocks, according to the consensus expected gain of 0.5 million barrels, the American Petroleum Institute (API) reported an increase in reserves at 2.8 million barrels. However, the expectations, as well as data independent API, often little correlation with the official statistics.

The situation in the Asian sites and in the U.S. index futures can be called neutral. Against this background, Russia's stock market may open at yesterday's closing levels, possibly with a small gap up within 0,5%, if the discovery of oil, at least for a little bit older. During the day, fierce fighting continued in the range of 1200-1230 points on the MICEX index.

America and Europe

indices of theNew World fell by 0,2-0,5%, - positive news from the corporate sector could not outweigh the vague statistics, on the eve of statements of the season, the nerves are strained to the breaking point. Also affects the uncertainty on the future of markets, which plays into the hands of bears, as bulls are generally afraid to enter the market when it is foggy.

indices Old World finished yesterday's trading raznonapravlenno, the average change amounted to 0,15% (DJ STOXX 600), against a background of macroeconomic statistics and contradictory jumble of news from the corporate sector.

The bank BNP Paribas announced the intention to shift the responsibility for repayment of government loans on the shoulders of the shareholders, for which the bank allocates additional shares with a 30% discount to market prices - the discount has not prevented the bank's shares rise by 2.35%. A U.S. CIT Group shares soared 31.75% on the background information on the additional injections.

raw materials, currency and so on

industrial metals on the auctions in London, the price of gold and oil futures yesterday finished in a neutral, exactly as the American dollar. Gold firmly clung to mark $ 1000 - as the dollar will weaken, or break out until the second wave, which expect fewer and fewer people, the prospect of growth in the eternal values very, very limited.

Statistics and Reporting

Today 13-00 (Moscow time) published consumer price index in the euro area, at 16-15 (Moscow time) leave the data on employment in the United States, 16-30 (Moscow time) published data on U.S. gross domestic product in 17-45 (ICN) published an index of business activity in the 18-30 (Moscow time) publishes data on stocks of petroleum and petroleum products.

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