Financial News and Economical Crisis

speculative bull itself is not outdated

Last summer day brought to Russia's stock market is bad weather. The negative dynamics of quotations on our stock exchanges linked the lack of willingness of investors to risk, amid falling oil prices (Brent $ 71,15; -2,4%) and the collapse of the Chinese stock indexes. By lunchtime, the MICEX index lost 1,58%, and the leaders to reduce stocks of oil and gas companies and steel companies.

Today, the Chinese factor once again put pressure on all world stock exchanges. Shanghai Composite Index has fallen off today, a record amount for the month, losing -6.74%. In general, for August, the index showed the worst results of the 89 stock indices of the world. The reason for sale is simple - investors realized that economic growth in the country will soon no longer be as strong as before because the national banks have significantly reduced the volume of lending. According to Chinese analysts in August, will be granted loans of 200 billion yuan, while July volume of lending amounted to 355.9 billion yuan, against 1.53 trillion in June. Thus, the withdrawal of state support is very painful cost the stock market of the country. Addition, the Chinese factor dominates, and over the quotations of commodity contracts. Even with a stable dollar, oil prices on Monday, losing in the price of more than 2%.

Russia's most liquid stocks traded today on average 1,5% below the closing Friday. However, the short game to improve themselves have not yet exhausted its potential. Permit myself to quote a number of arguments in favor of speculative purchases. Couple USDJPY fell this morning to a mark of 92.6, reaching a 7-week low, and is now creeping up, what tomorrow will bring a positive for the Japanese stock market. Oil prices fall unduly heavily on the background of a stable dollar to the euro (1,429), which means that tonight they can be adjusted upwards. And, finally, the lack of panic selling in European markets gives us hope that today the American indexes behave as quietly, and can start bidding positives play low opening.

I think the day we should not expect a major correction up, because of tradition, all players' attention will be focused on data from the U.S.: 17-45 we learn the importance Chicago manufacturing index (PMI) for August, and 18-30 August's index value of the activity of the manufacturing sector in the zone of the FBI in Dallas.

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