Monday, June 15, 2009

OTP Bank: Opening of tenders will be neutral. The positive closure of the western stock pads offset by lower U.S. futures indices

Trades in the United States on Thursday and Friday were relatively calm with a slight upward trend. The positive impact on the market has statistics. On Thursday, the data came from the labor market. On the one hand the number of Americans receiving unemployment benefits reached a new peak of 6.816 million, and on the other hand, the number of first time applicants for the benefit of Americans has declined by 25 thousand people. Experts are expected to reduce the total 6 thousand retail sales in May rose for the first time in 3 months. The result of 0.5% is consistent with the average forecast of experts. But stocks in warehouses have continued to decline. The negative impact on the market is increasing returns gosobligatsy United States. Investors are concerned that rising interest rates could slow the pace of economic recovery. On the basis of two trading sessions index Dow-Jones Indust. increased by 0.69% to 8799.26 point, the index of wide market SnP 500 - by 0.75% to a level of 946.21 points. At the present time (06:30 Moscow time) on the U.S. futures indices are reduced by an average of 0.5%.

At auction in Asia have divergent dynamics of stock indices. Japanese index NIKKEI 225 at 06:30 Moscow time is reduced by 0.67%, Korean KOSPI - by 0,9%, while Chinese CSI300 rising 0.87%.

Trading on Russian stock market opened low gepom up on a background of growing oil. But optimism quickly dissipated, and the stock indices have gone negative. Close to noon the indices were able to play the fall, the balance of trade session was held in a narrow sideways range. Investors have decided not to perform action in anticipation of the long weekend. On the day of the MICEX index rose by 0.43% to 1138.52 point, the classic RTS index - on 0,48% to 1,127.23 points. The volume of trades on the MICEX was 46.5 billion rubles. High oil prices supported the shares of oil and gas companies: Gazprom 1.34%, 0.55% Rosneft, Lukoil 0.24%, Surgutneftegaz 3.32%. Worse market looked banking: -2.7% Sberbank, VTB -1.42%. Better market looked shares of Norilsk Nickel (+3.86%) against the backdrop of rising prices for metals. Investors are waiting for correction in the market, so buy shares of Polyus Gold (5.6%).

The opening bid will be neutral. The positive closure of the western stock pads offset by lower U.S. futures indices.


Trader OTP Bank Sergey Sukhikh

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