Market Analysis

Correction of Russia's market continues. Ideas for growth seems to be exhausted, and new positive signals have not yet appeared. The euphoria of the fact that the world economy out of the crisis was winding down, while the question of the pace of its further recovery (and recovery in general), remains unanswered. Thus, we can say that is negative on the world markets and therefore the market in Russia, more than positive, this wave of declining stock indicators. However, one should pay tribute - it is not a collapse, the rate of decline is relatively low. Players do not leave hope that soon the situation will change for the better. Against the background of strengthening the dollar oil quotations are going down, which in turn determines the sales of securities of oil and gas sector, which looked worse than the market shares of Rosneft and Surgutneftegaz. Also among the leaders of reducing paper and steel sector, in particular, Norilsk Nickel. Here the intention of putting pressure Chinese authorities to limit the capacity of steel plants in China.

If in the future will be visible dramatic improvement in the global economy, it is very likely that the market will be able to overcome the negative and continue upward trend.

Hiding Naftogaz consolidated statements for 2008 may be indicative of Defaulted
Forex - in the European session
Low volumes of today's trading showed the speculative component of profit-taking, and not to withdraw large investors
Reducing the stock market in China should not significantly affect Russia's stock market
Shares Transneft grow by 5,6%, from tomorrow they will be included in the calculation of the MSCI EM index and the MSCI Russia
Sergei Shmatko: Restoring Sayano-Shushenskaya GES will be implemented in several stages
Euro continued to fall, currently testing 1.4280 support
Euro failed to break away from the mark of 1.43
Rate for the dollar has risen - the evening review of cash markets

News and Comments