Market Analysis

Comma delimited?

Russia

Russia's stock market finished the week by a descending movement, actually came out on the levels of last week: the RTS index fell by 1,79% and the MICEX index dropped to 1.83%. Trading volume on the RTS stock exchange amounted to $ 5.19 billion, of which $ 3.09 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section to gain by selling 208.8 billion, turnover in the index amounted to 77.1 billion rubles.

Technical factors point to the possibility of corrective movements on the equity market: the weekly chart draw dojo ( tombstone or shooting star - here the choice of names for the amateur), a breakdown of the pennant down on the daily chart and the breakdown of the level of the uptrend on the hour. Another point - the players were actively pull up the paper second tier, that very often takes place on the fracture trend.

On the other hand: the liquidity of the stock market does not go away, and oil is chosen close to $ 80. However, liquidity - can be acquired, today it is, and tomorrow it might not have become. As high oil prices, it is enough to recall last year, when the collapse of Russia's markets took place against the backdrop of historic highs. But 2008 can not be called exemplary, since He is unique in many respects, but the beginning of a downward movement of our market was fraught including political factors.

opening of trading on Russia's stock market should happen to break up within 0,5%. However, against the backdrop of weak Asian, standing below the zero mark of U.S. index futures and placing in the $ 77 December futures contract on the brand Brent, quotes may well leave at once in the negative zone.

America and Europe

indices of the New World fell by 0,7-0,8% against negative data on the balance of the U.S. federal budget and poor corporate reporting. Regarding the budget, it is quite unclear how the U.S. government is going to close the nearly $ 1.5 trillion. gap - begs the emission option which involves a sharp rise in inflation, against a background of monetary policy the Fed is poised to become a reality. Reports Bank of America and General Electric have been worse than expected, but if we dig deeper, if not bad.

Old World Index fell by 0,7% against the backdrop of corporate news from the U.S. and the pessimistic macroeconomic data The data are from the European region as a trade deficit of the euro area. Sony Ericsson today reported back on the loss in the third quarter, which was slightly less than analysts' forecasts.

raw materials, currency and so on

Gold prices are asserted about $ 1050 mark, industrial metals in the auction in London a little ice, the U.S. dollar strengthened a little (probably affect the U.S. administration to pressure China to demand release of the free floating of the yuan and the continued filling of the world's foreign exchange reserves of central banks of U.S. Treasury bonds , that speaks of confidence in the dollar).

Statistics and Reporting

Monday promises to be a fairly quiet day. From large corporations today are accountable Apple and Texas Instruments, from Russian companies can be identified Norilsk Nickel, a report for the first half of IFRS. In addition, 19-00 (Moscow time) will start speech by Ben Bernanke.

Oil Company Alexander Lebedev, facing expulsion from the London Stock Exchange
Die Welt: Opel, Magna and GAZ - when the partners do not ...
In the critical days of the crisis begins

in Ukraine decreased the rate of decline in industrial production ...

On the side of the bulls in favor growth of quotations of oil futures on the side of the bears - suspend the fall of the dollar
If the MICEX index goes below 1316 points, it will cause the fixation of short positions
Increased activity is observed in the shares of MMC Norilsk Nickel: Today, the company will publish results under IFRS for 1 half of 2009
Today, the strongest positions are at stake gas and steel companies
Oil prices as a driver of growth will have already played at the opening, that would spur profit-taking
Russia market correction will continue on Monday, started on Friday, while better than the market may look oil

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