Financial News and Economical Crisis

03.07.09 10:07 ;
  The Russian stock market yesterday witnessed the sale. With each passing hour indexes are better left in the «red» zone. Pessimism investors increased after negative statdannyh the United States. Among the papers of oil and gas sector experienced the greatest losses on shares of «Gazprom» (-4,9%), «Tatneft» (-4,5%), «Transneft» (-5,5%), «Lukoil» (-3,5 %). Also Bestsellers paper noted the banking sector, where most of all cheaper shares «Sberbank» (-4%).

Following Thursday RTS index lost 1.79% to 960.46 points. MICEX index fell by 3.49% to 977.09 points. Trading volume on MICEX amounted to $ 5 434.21 million

This morning course a pair of euro /dollar at Forex stands at 1.41. Analysts suggest that in a couple of possible correction of up to 1.40 - the level of support will make 1.39.

The August futures on oil brand Brent traded at around $ 66.47 a barrel, Light - $ 66,64 per barrel. Analysts suggest that, until mid-July, the price of oil reaches $ 75 a barrel.

External background before the opening of Russia's bid on Friday is bad. U.S. stock indexes closed the auction on Thursday confident the decline in the background of weak data on the labor market. Employment in non-farm sector in June fell by 467 thousand against 363 expected, while the unemployment rate rose from 9.4% to 9.5%, which is lower than the projected value of 9.6%. A number of applications for unemployment benefits almost coincides with the preliminary estimates, to 614 thousand. As a result, Dow Jones fell by 2,62%, S P500 at 2,91%, NASDAQ lost at 2.66%. Today the markets in the United States will be closed in observance of Independence Day.

Asian site today showed divergent trends. The significance of the Japanese Nikkei index fell by 0.77%. China's Shanghai Composite Index added 0.49% symbolic.

The Russian stock market exacerbated the summer mood. Active players each day decreases. Many experts suggest that the opening of bidding today with «gepom» down. The next goal is to reduce the area of 950 items on the MICEX index. In the absence of trading session in the United States the second half of the day is likely to become a pretty boring show.

From the statistics that can affect the course of today's trades, it is worth noting the data on retail sales in the euro, which will be published at 13.00 Moscow time.

According to Dennis Kruglova, analyst IK «Finam», some support for the market may have increased in the U.S. futures index, but podeshevevshaya oil will have more pressure, especially on paper oil and gas companies. «Closing auction will take place today in the absence of an important landmark - the American stock market is closed due to holiday», - he predicts.

«Domestic indexes today are likely to begin declining. Sale in the commodity sector will put at risk of domestic stocks of oil and steel companies, who can «to give» about 1-2% today in the morning. In connection with the short week in the United States, now the main reference point for the Russian market will be oil quotes and the dynamics of stock indexes in Europe », - believes Vasily Konuzin, the chief of analytical management IFK« Alemar ».
  

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