Financial News and Economical Crisis

 
  
 
 
  29.01.10 10:15 ;
 

On Thursday the Russian sites dominated by sale. Among the blue chips” better stock market looked “Metallurgists”: “Severstal” (6,19%), NLMK (4,91%). In the outsiders were Paper “Polyus Gold (-1.37%) and Polymetal (-0.76%) on the background of declining world prices for gold.

Shares of oil and gas sector grew mainly through market trends: “Gazprom” (0,16%), LUKOIL (1,05%), Rosneft (1,47%). Papers of Russian banks, which became a leader among the VTB, also completed trades in the positive range: VTB Bank (3.19%), Sberbank (0.59%).

The leaders reiterated the growth stocks of the energy sector: “MRSC of North Caucasus” (9,49%), TGK-13 (7.75%). Paper RusHydro during the session, rising more than 3%, supporting them have reported running in the I quarter of this year, two rehabilitated hydro Sayano-Shushenskaya GES.

evening, the situation on the stock exchanges spoiled not justified forecasts data on orders for durable goods, and applications for unemployment benefits in the United States, but Russia”s market has reacted to yield weak statistical reserved and closed in the green zone. ” At the end of the day the RTS index rose by 1% to 1460.98 points. MICEX index added 1.1% to 1406.55 points. During the evening session on FORTS the March futures on the RTS index dropped to a mark of 145,810 points, losing 0.67%.

As a result of ADR trading prices for Russia”s actions amounted to (in one receipt): VTB (Eng) - 4,94, Gazprom(Eng) - 24,2, “LUKOIL” (Eng) - 54,6 ” Norilsk Nickel (Eng) - 15,59, Rosneft (Eng) - 7,81, Surgutneftegaz (Eng) - 8,62, MTS (USA) - 48,19, Rostelecom (USA) - 27, 35, Vimpelcom (USA) - 18.36, Mechel Steel (USA) - 20,51.

American share platforms were closed on Thursday in the “red zone”: on the basis of trading Dow-Jones index fell by 1,13%, SP - on 1,18%, Nasdaq - on 1,91%. In addition to statistics on the stocks negatively affected by forecasts of companies, because Qualcomm has lowered its sales forecast, but Motorola expects a loss in the I quarter of 2010. Also, pressure on the market have had concerns about the budget deficit of Greece.

Asian indices this morning show differently directed dynamics: the Japanese Nikkei index fell 2.08%, China”s Shanghai Composite index in the red at 0.15%.

Currency

pair euro /dollar in the morning on the Forex stands at 1.395. The March futures for Brent crude stood at $ 72.21 per barrel, Light - $ 73.7 per barrel.
Thus, this morning”s background negative for Russia”s market, and indexes at the opening will go into negative. “We expect that the full height of Thursday will be neutralized by already opening. Under the maximum pressure of external conditions may be the company of the commodity sector. The best of the market have a good chance to look” Telecom and paper power “, - Vladimir Sergievsky believes, a strategist at the investment company Finam” .

“Today, attention may be focused on the banking sector. Talk about selling packages in Sberbank and VTB private shareholders, sounded on the eve of the forum in Davos, may outweigh the decrease in quotations of the financial companies abroad and to support the demand for paper. But , reduction of state ownership in banks is not a prospect next time, so that speculation on such news would be rather short-lived, “- said Ekaterina Belova, an analyst at FG” private attorney “.

Friday will be quite busy in terms of macroeconomic The data are the day: at 13-00 (Moscow time) leave the consumer price index and data on unemployment in the euro area, at 17-45 (Moscow time) leaves the index of business activity, and 17-55 (Moscow time ) - the index of consumer confidence from the University of Michigan. The most important event today will be the publication of preliminary data on U.S. GDP for the IV quarter (16:30 Moscow time.), The market expects economic growth to 4,6%. “Depending on what statistics say about the GDP, will be determined by the direction of the closing weeks. In the meantime, it is obvious that the uptrend is transformed, if not opposite in sign, then the side like,” - commented Maxim Chernega, an analyst with the department of client operations IG “Octane”.

  

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