Stock markets on the rise

Stock Indicators "Ukrainian stock exchanges and PFTS 2.9 in October increased by 10,38% and 8,2% respectively.

10085About how much were optimistic last week stock markets U.S., Europe and Russia, said the strategist Astrum Investment Management Konstantin Litvin.

U.S. stock market on Friday, optimism reigned, transmitted on Thursday. On the macro front, out information on the U.S. trade balance, which showed decrease in the deficit from $ 31.8 billion to $ 30.7 billion, while on average, economists expect the deficit to increase Decrease of $ 32.7 billion deficit in August, an increase of U.S. exports against the backdrop of weakening U.S. dollar.

Following Friday DJIA index rose by 0,8% to


9864 points, the index S & P 500 added 0.6%, to close at 1,071 points. In Europe, stock markets were closed without significant changes: the German DAX lost 4 points (0.08%), reaching 5711 points, the index DJ Stoxx 600 fell 0.29% to 242 points.

On the whole past week was good for corporate accountability, and at the macro front. Investors are betting that the statements for the third quarter will exceed market expectations, as evidenced by the increasing expectations of the results of such representatives of the semiconductor industry as Intel and IBM. Investors will also closely monitor the results of the largest banks in the first tier, which will show the dynamics for bad consumer and commercial loans.

Russia's stock markets continued their strong growth against a background of optimism on global stock markets and high oil prices. RTS Index added 2.8% to 1,372 points and the MICEX index rose by 2,3%, to close at around 1308 points. Both indices hit highs in 2009, and have every chance to grow even if the quarterly reports to the United States would be at or better than expectations.

It is worth noting a significant increase LUKOIL shares, rising by 6% on Friday, as well as shares of bank VTB, also add up to 6%. In principle, the banking sector looked better than the market-up to last week: same VTB rose by 22%.

Tags: , ,

Leave a Reply

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Hide me
Sign up below to download FREE Day Trading Software!
Name Email
Show me