June 19th, 2009
The Russian stock market managed podrasti on the basis of bidding Wednesday after oil prices. As a result of trades on the RTS index rose 1.49% to 1121.79 points and the MICEX index at 1.78% to 1133.69 points. Activities of bidders at the third day in a row was at a low level for the last time: The volume of trades on the MICEX reached 52.06 billion rubles.
Trades on Wednesday opened up certain quotations, following the increase in oil prices, which exceeded the previous day at 70 dollars per barrel. Also supporting the market has had a positive trend of Asian markets after the release of good data on industrial production in China. After strong start bidding activity has declined sharply against the background of featureless bidding for Western European markets and the absence of internal drivers.
The situation has changed after the data on a larger-than-expected deficit in external trade in the U.S. that sparked the game down, then the market has reacted to the withdrawal of a sudden reduction of oil reserves in the States. In general, in the last couple of hours there was increased volatility trades, indicating uncertainty about the market in the direction of further movement.
better market on Wednesday, shares of commodity companies appeared, supported by the continued rally in commodity markets.
Oil prices during the Asian auctions on Thursday reached a point at 72 dollars per barrel, which should provide substantial support to the Russian market at the opening. Given the growth of futures on major U.S. indices by almost half, we expect that in the early hours of the Russian market trades podrastet at 1-2%. In the second half of the day is likely correct, because to remain in the paper for long weekends in the current environment is risky. However, the closure of the Russian market as a result, perhaps, to identify emerging at 16:30 Moscow time data on retail sales and applications for unemployment benefits in the United States.
| Authorize and appreciate the story;;
3 users rated material at 3.
|
|
United States: high-tech support for the positive dynamics
Kommersant: The cost of rental of advertising space in Kiev will reduce by 32%
Ukraine at the last spot on the effectiveness of anti-crisis
At the end of session, probably a small correction - the traditional scenario of the previous day holiday weekend
Insurers will not be able to fob customers
Obama wants to save 313 billion dollars to reform medicine
Belarus intends to supply dairy products in China
Analysis - Results of the day
Forex on the European session



Leave a Reply