Rus News Journal

Åmerging markets: Brazil ignores an external negative

the Summary index of emerging markets MSCI Emerging Markets for the last week, from September, 8 till September, 12th, has lost 2,1 %. Among countries BRIC the greatest stability to the negative news arriving from the world markets, Brazil has shown. The key index of the country unlike indexes of other largest emerging markets has managed to remain following the results of a week in “ plus “.

As the chief of analytical department " marks; Arbat the Capital “ Sergey Fundobnyj, dynamics of emerging markets as a whole current week, certainly, depends on a situation in financial sector of the USA and Europe, from that, for system consequences of bankruptcy of investment bank Lehman Brothers, and also from as a whole will be how much serious, whether there will be sufficient a help at a rate of 85 mlrd dollars of the largest insurance company AIG. Dynamics MSCI Emerging Markets will depend and on a situation in the Russian stock market. “ in our opinion, second half of current week in emerging markets all - taki will be marked by a rebound upwards after serious decrease on Monday - Tuesday, however confidence that index MSCI EM can win back losses and is closed in a positive zone, at us is not present “ - the expert speaks. It does not exclude that is rather quite good on the general background following the results of current week again Brazil, as the prices for oil after falling almost to 90 dollars/ barr will look. Oil WTI again have gone upwards.

the Past week, from September, 8 till September, 12th, the markets of the Asian region have begun increase against expectations of that support of mortgage agencies Fannie Mae by the government of the USA and Freddie Mac will allow not to admit increase of credit crisis. On Monday, on September, 8th, the Hong Kong index Hang Seng has grown on 4,32 %, Taiwan - on 5,6 %. The markets of Vietnam, China and Pakistan where leading indexes decreased against internal news became an exception of the general dynamics. Key Chinese index Shanghai Composite has decreased on 2,61 %. In the middle of the week the region markets showed negative dynamics. As the reason reduction of prices on metals and, as consequence, revival of fears of has served that demand for resources in the world will decrease. The Chinese index on Wednesday has again appeared an exception of the general dynamics and has grown on 0,19 %, to a mark 2143,18 points.

on Thursday negative dynamics has remained, and the key index of region MSCI Asia Pacific Index has decreased to minimum since November 2005ã. Marks in the next wave of fears concerning world economy delay. The strongest losses were incurred by financial sector after news about financial position Lehman Brothers. Hong Kong Hang Seng has decreased on 3,06 %, the Chinese index has lost 3,32 %.

Have finished week the region markets raznonapravlennoj dynamics of key indexes. News that Lehman Brothers searches for the buyer, has revived hopes of investors of the safe permission of a situation. Has supported the market and a rise in prices at commodity exchanges. Following the results of the auctions on Friday, on September, 12th, the key Chinese index has added 0,28 %, having reached a point 2077,85 points. As a whole following the results of a week the indicator of Chinese market Shanghai Composite has lost 2,9 %, Indian BSE 30 (Sensex) - 6,3 %.

Analysts notice that the Olympic Games were negatively reflected in the industry of China. Work of variety of the enterprises of the country on the eve of the Olympic Games and during it has been suspended - thus China tried to reduce emissions in atmosphere. Growth promproizvodstva in Heavenly Empire following the results of August 2008ã. Has made 12,8 % in annual calculation that almost on 2 % it is less, than in July.

the Markets of Latin America have begun the past week negative dynamics against reduction of prices on oil and metals. On Monday, on September, 8th, the greatest losses the Brazilian index Bovespa - 2,35 % has incurred. News about nationalisation of mortgage agencies in the USA has made positive impact on some banks, and also the building and developer companies. Actions of Brazilian bank Uniao de Bancos Brasileiros have grown on 1,77 %, developer Cyrela Brazil Realty - on 4,96 %. Decrease noted steelmaking and electropower sektory.

the Largest steel founder of Latin America, company Gerdau, has lost in cost of 3,98 %. Shares of company Cia Energetica de Sao Paulo have fallen in price on 8,81 % after the government of Brazil has declared that electrogenerators should reduce rates for the purpose of updating of contracts.

in the middle of the week the region markets showed mixed dynamics with prevalence of growth. The Brazilian market (+2,5 %) which has grown after an exit of macroeconomic statistics, according to which in II quarter 2008ã became its leader. Brazil has shown growth of gross national product above expectations. The indicator has made 6,1 % whereas analysts expected 5,5 %. For the similar period 2007ã. Gross national product has grown on 5,8 %.

Actions of the bank largest in Latin America on volume of actives Banco do Brasil have grown on 3,5 % after Deutsche Bank has made on it positive recommendations. Have finished week the markets of Latin America also growth. On Friday have headed movement upwards the markets of Brazil, Argentina Peru and Chile. In the Brazilian market actions of state oil company Petrobras have shown the greatest growth, whose cost has increased by 5,1 %. The Rise in prices for metals has supported actions of the companies gornometallurgicheskogo and steelmaking sectors - Vale, CSN and Usiminas. As a whole following the results of the auctions for a week index Bovespa has added 3,3 %.

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