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Trading session on the Russian stock market ended lower major indexes. MICEX fell by 1.33%, fixed at around 1,455.31 points. RTS index sank to the end of the trading session by 2.73% – to 1456.73 points. Trading volume on the day up 440.9 billion rubles.
main source of negativity in the stock market today are the U.S. and Europe. Not that there were any new reasons for sales, rather optimistic expectations have been played out, and now there is no ideas for growth, said the head of asset management Absolut Bank Ivan Fomenko.
“Bulls” exhausted, and “bears” recalled the negative factors such as the weakening of the global economy, problems in the debt markets of Europe, the cooling of the Chinese economy and the mixed statements of U.S. companies, paying attention to weak reports. All this resulted in a decrease in stock market indexes in all markets “, – the expert said.
sales took place in the absence of publication of major macroeconomic data, but the players have provoked mainly news about Spain, and a number of confounding expectations of quarterly reporting adds analyst “ATON” Elena Kozhukhova. Yesterday, Moody’s downgraded the ratings of five Spanish regions, including Catalonia, in anticipation of repayment of debt, in the morning spoiled the mood of the market.
during the day was that the Bank of Spain estimates the economic slowdown in the third quarter to 0.4% in the quarterly data and 1.7% year. This will be the fourth consecutive decline in GDP, and points to the deepening recession. Moreover, the government has informed the EU that he could not reach the previously planned level of the budget deficit in the current year (6.3% of GDP), and the index instead of 7.3% of GDP, due to significant costs for social security.
gainers by the end of trading day were shares of “Rosneft” (2.96%), gas (2.55%), IDGC of Centre (1.44%). In the fall of leaders listed securities FGC (-3.17%), LUKOIL (-2.54%), “Rostelecom” (-2.59%), “Savings” (-2,36%).
Talking about market ideas for several days, said I.Fomenko it is likely that by the end of the week the market will take a wait-reacting with other markets in macroeconomic statistics, and news of the world Central Bank.
Today starts a two-day meeting of the U.S. Federal Reserve, which is unlikely to cause large swings in the markets, but Ben Bernanke’s comments may cause short-term movements, as ECB President Mario Draghi in the German parliament.
October 23, 2012
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