Wednesday, June 10, 2009

IR IE Ty Invest: Oil may return «bulls» market

On Tuesday, the stock trades in the States were in general bezydeyno and weak, against the backdrop of a lack of significant macroeconomic and corporate news. Better remaining shares of companies traded sector of high technologies. Thus, American stock indices once again managed to complete the day in the zone of moderate growth, even though the number of bankruptcies digging and individuals in the United States in the 1 st quarter of this year rose to a record with a 2005-year mark. The growth of stock indices, however, weakened the position of the U.S. dollar, and the last night he had dropped in price on the euro to the level of 1.39 to 1.41.

Part of the weakening of the dollar supported the oil market. Therefore, this morning, oil prices are already the second time in the past week Breaks $ 70/barr. Accordingly, growth rates of most commodity currencies against the U.S. dollar. This morning, all the stock indices of the Asia-Pacific region traded in the zone of strong growth. Against this backdrop, futures on U.S. indexes also add their values: S & P +0,55%.

The opening bid on our exchanges in the middle of the week we will see again with gepom up to 1,5%. It is hoped that today would not be a repetition of the previous trading sessions hesitantly trample on the ground. In light of recent reports the American Petroleum Institute (API), last week inventory of oil in the country decreased by 5.96 million barrels., Exceeding forecasts of market participants. So, this afternoon, oil prices in London could go further up, which finally causes a surge of interest in buying shares of oil and gas sector. As a result, the MICEX index may again moves toward 1210-1230 points.

Today in the 16-30 waiting for the data the U.S. trade balance. In went the traditional 18-30 record on the stocks of crude oil. And finally, in the 22-00 will be published economic record Fed (Beige Book).

Potavin Alexander

Principal Analyst IR "ITinvest"

(495) 933-32-32 ext. 226

potavin@iqi.ru

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