Financial News and Economical Crisis

Markets slightly reduced in anticipation of the labor market statdannyh United States

Pending release of important data on the labor market in the United States, the Russian stock market is trying to hold close to yesterday's levels. So far, he is not able to - dropping below $ 68 per barrel of Brent oil futures quotes, as well as weak negative trend of European stock indicators (DAX -1.4%, FTSE-0.6%) Russian speculators are forced to make additional efforts in order not to keep the index of MICEX in the upward movement, which began June 23.

Almost all blue chips today traded in negative zone, falling within 3%. Confronting the general decline in only a paper company metallurgical sector (4% of Severstal, NLMK 6% Raspadskaya 4%), which adds to the price on the background of recommendations to improve them a number of large investdomov. As expected, in the second half of 2009, we'll see how the increase in world demand for steel, leading to higher prices for metallurgical plant produced products. Therefore, it is no surprise that investors are seeking to increase its presence in the sector, shares of companies, entering into them in anticipation of rising prices for steel.

We are confident that before the announcement of the labor market in the United States (16.30 Moscow time), the stock market does not decide the further direction of movement. So, if you are not intraday speculators, it makes sense not to perform active operations by holding positions until the available statistics. Recall that the consensus forecast of analysts, to reduce 365 thousand jobs in June and an increase in unemployment to 9.6%. Less significant layoffs compared to the forecast would be well received by investors, triggering the rise of stock indexes. Of the other events the second half of the day, can affect the dynamics of trades in the market note the press conference the ECB chapter F-K.Trishe (16.30msk) and data on industrial orders in the United States (18.00 Moscow time, is expected to increase by 0.9%).

Therefore, only patience and wait for the key figures of today, who would set the momentum for the stock markets over the next 2-3 days.

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