Wednesday, June 10, 2009

DFK: Morning von moderately positive for the Russian stock market, we look forward to the opening with a positive gap of order 0.2% on the MICEX index

At the end of trading Wednesday, the Russian stock market has added

1.78%. Trades, however, were nevolatilnymi: all growth took place in the gap

and the first half-hour auction, which was due otygryvaniem emerged from morning a positive external background. Once again, greater growth occurred in the metallurgical sector, which shows the last few weeks in advance of the dynamics. It also expressed the purchase occurred in the telecommunications and oil and gas sector, the financial sector was weaker.

In related markets also witnessed a moderate positive. Thus, the European indices and added some oil per cent, while futures on the S & P index has lost slightly less than per cent. Information background was quite crowded. Note weekly data on oil reserves in the United States:

fell 4.4 million barrels, while the anticipated reduction in

0.4 million barrels. The rest of the macroeconomic indicators were within expectations. The May CPI in Germany fell by 0.1% in China, this figure had fallen to 1.4% in Brazil - fell to 0.47%.

Tomorrow, expect the data on retail sales in May at the United States, as well as weekly data on applications for unemployment benefits. In addition, will be released on the trade balance of China in May. From corporate events it is important to the annual general meeting of shareholders of JSC «TGC-4». Bank «Saint-Petersburg» announced the results of the IFRS in the first quarter, the U.S. report National Semiconductor.

Morning von moderately positive for the Russian stock market, we look forward to the opening with a positive gap of order 0.2% on the MICEX index.

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