Market Analysis

Failure in the program

Russia
Russia"s stock market against the background of yesterday looked pretty good: the RTS index added 1,01% afternoon, but evening retreated 0.28% and the MICEX index rose by 1,1%. Trading volume on the RTS stock exchange amounted to $ 5.94 billion, of which $ 3.69 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section of gain by selling at 210.68 billion, turnover in the index amounted to 57.06 billion rubles.

America and Europe
Stock indices of the New World fell 1,1-1,9%, the indices of the Old World have fallen in price by an average of 1,1%. Not the most positive corporate reporting (not to say that everything is bad, just something about a little better, something a little worse than expected), and macroeconomic statistics (corrected the situation is still not visible), along with another dose of news on the economy of Greece, has been dropped quotes .

Reassigning all other speculators, Ben Bernanke to head the U.S. Federal Reserve failed to expand the market up, and could, mindful of the passion gamblers of big words and a nice gesture. On the other hand - it is expected the market event.

raw materials, currency and so on
Metals in trading in London is rapidly becoming cheaper, gold sank to $ 1080, oil prices fell below $ 74, the index value of the dollar has updated local maxima and overcome popular with technical analysts dvuhsotdnevnuyu moving average.

Statistics and Reporting
Friday promises to be full of the events of the day: at 10-00 (Moscow time) published an index of real estate prices in the UK, 13-00 (Moscow time) leave the consumer price index and data on unemployment in the euro area, at 16-15 ( ICN) will address by the Vice-President of the Board of Governors of the Federal Reserve, Donald Kohn, at 16-30 (Moscow time) published preliminary data on U.S. gross domestic product (here a value of either "draw" or a later revised downward, as has happened many times), 17 -45 (ICN) published an index of business activity, and in 17-55 (CIE) - index of consumer confidence from the University of Michigan. Nor should we forget about the ongoing World Economic Forum in Davos.

Forecast
publicly traded on Russia"s stock market can be expected to break down on 0,75-1%, due to negative external background and dynamics of raw sites, the U.S. index futures are also in the negative zone, which should provide additional pressure. Evaluation 1400 points does not let the MICEX index, it is now "bears" will move into the attack with the intent to take the specified line and try to gain a foothold below.

intuition did not let down - the feeling that the U.S. indices will feel worse was correct. Depending on what statistics say about the GDP will be determined by the direction of the closing weeks. In the meantime, it is obvious that the uptrend is transformed, if not the opposite sign, then the side exactly. However, no one promised that 2010 would be simple and carefree.

Forex - results of the day
The Ukrainian stock market on Thursday rose to corporate records from the United States and domestic demand for paper MMC
There is still attractive for speculative purposes look paper FGC, until they more expensive level of 0,329 rubles
The biggest adjustment will be observed today in the metallurgical sector issuers, ADR are cheaper per night
Russia market will open at the bottom, and the MICEX index may retreat to 1390 points
Better the market have a good chance to look "Telecom and paper electricity sector
For Russia"s emerging market mixed external background: the U.S. market closed in the red zone ", the Asian indices traded raznonapravlenno
Friday on Russia"s stock market will start with the "gap" down, "bulls" it is important to keep the level of 1390-1400 points on the MICEX
Igor Artemyev: The prices for domestic oil products market in Russia is still too high at 15-20% relative to world prices

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