March 25th, 2010
rectify the situation can only report on the U.S. labor market
In Russia the market at the opening of the trading session sale, which began the day before, will continue. Weak labor market statistics for the United States, published yesterday, caused a massive sale on world stock markets. On Russia”s market “bear” sentiment fueled and oil prices, which are actively declined to becoming strong U.S. dollar. Before the opening of Russia”s market today, the negative signals coming both from global stock markets and the market of raw materials. American market on the session seriously subsided, the Dow Jones index lost 2,61% and the index S P500 - 3,11%. Completion took place at the lows of the day, Dow Jones has not kept psychologically significant level of 10000 points, breaking it down the curtain bidding. U.S. index futures traded lower than the values for which closed trading on Russia”s market, which also contributes to the continuation of sales in the beginning of the session. Futures on the S P500 index went down from the mid-term upward channel, pushing support for the 1050 Settlements.
also supports penetration down the American market indicators of Russia”s pressure would have the situation in the currency market. Pair EUR /USD failed to keep support 1,38, confidently punched her before. Thus, the pair had gone below the year lows last year, down to the local maximum in the spring of last year. At strengthen the dollar futures for Brent crude continued to fall after the closure of Russia”s market.
At the Asian markets also prevail sale. ADR on shares of Russian issuers closed below the local market, which also contributes to the opening of Russia”s market with a gap down. Strong support of the MICEX index may be at least one year - 1363 points, to which Russia”s market can go, if in emphasis of the domestic market will not be formed corrective mood. In the first half of the session, improving moods can be associated only with a technical rebound, while the second - will read out a block of statistics on the U.S. labor market, which will define the mood in the near future. Projections for the labor market is rather optimistic: the unemployment rate expected to remain at the same level of 10%, and the number of jobs outside of agriculture will increase.
In the first half of the session, the sale of touch all sectors of Russia”s market. Stocks of raw materials companies will come under pressure from falling prices for oil and metals, while shares of the banking sector - will follow the general negative sentiment, reigning in global stock markets. Rosneft can test at least one year - 227,8 rubles. Who can stop the sale.
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