Rus News Journal

Bulls the Russian share market will try to lift an index of the Moscow Interbank Stock Exchange to annual tops

News about allocation by the European Union and the International currency fund (IMF) of the help of Ireland at a rate of 80 - 90 mlrd euros have caused local inflow of optimism on world share and raw platforms. On this background bulls the Russian share market can try to warm up an index of the Moscow Interbank Stock Exchange to annual tops (area 1600).

In the middle of the week influence on alignment of forces will be rendered also by the reconsidered data about the size of gross national product of the USA for the third quarter (revision to +2,3 % from +2 % is expected) and to expenses of consumers for October.

the share market of the Russian Federation has spent the Last week in bokovike around 1540 on an index of the Moscow Interbank Stock Exchange, speculation for the rise attempts encountered sales from - for fears of deepening of debt problems in the Eurozone and growth of rates in China.

Week began with growth above 1555 on a Moscow Interbank Stock Exchange index after world platforms, support To bulls have rendered the data about growth of gross national product of Japan in the third quarter (gross national product has grown on 0,9 % at forecasts of growth for 0,6 %) and the good data about retails in the USA (in October have grown on 1,2 % at forecasts of growth for 0,7 %).

On Tuesday the share market has dived downwards led by Savings Bank papers, the Moscow Interbank Stock Exchange index has fallen more low 1530 (level of the end of October) after decrease in world platforms on news about rate increase in South Korea (to 2,5 % from 2,25 %) that has increased fears of growth of rates in China.

On Wednesday the share market has jumped aside above 1530 on an index of the Moscow Interbank Stock Exchange within the limits of correction, the leader of growth of a steel of a paper an Autovase, flied up on 20 % without news. Support to the market was rendered by statistics from the USA on consumer inflation, and also the weak data from the market of real estate of the USA.

On Thursday the Moscow Interbank Stock Exchange index has exceeded 1550 points on universal optimism concerning reception of the help of Ireland from the European Union, in leaders of growth actions of the Savings Bank of Russia have acted. The head of the Central Bank of Ireland and the Minister of Finance of the country have declared readiness of the government to ask for the European Union and IMF a package of the help for banks.

On Friday growth of the share market of the Russian Federation has stopped from - for fixings have arrived players against correction of indexes downwards in Europe. The announcement China about increase since November, 29th of reserve requirements for banks on 50 basic points that it is possible to consider as a part of efforts of the Chinese authorities on decrease in inflation and prevention of an overheat of economy became a negative for the markets. Interest rates in China have not been raised (earlier, on October, 19th, the National bank of China has raised the rate under annual credits for the first time since December, 2007 - to 5,56 % from 5,31 %).