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FINAM - Daily Market Watch - Oct 16, 2009

ADP News Middle East & Africa 2009, Oct 16

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Description

Market Roundup Russian benchmarks turned bearish Thursday, snapping several days of gains on weak Western earnings reports, with the RTS Index dropping 0.48% and the MICEX Index shedding 1.56%. Most O&G plays moved higher on retreating oil prices, as Gazprom lost 2.2%, Rosneft inched up 0.3% and Lukoil eased 0.7%. Ambiguous financials released by major US banks exerted an adverse impact on domestic financial issuers, with Sberbank plunging 4.1% and Bank VTB sinking 3.9%. Steels, except for NLMK (a 3.9% surge), closed in stride with the market, with MMK falling 2.6% and Severstal dipping 0.9%. American indices closed in positive territory Thursday, with the Dow Jones Industrial Average adding 0.5%. Rising oil prices were the primary upside driver, which, in turn, pushed up demand for energy stocks.

FINAM - Daily Market Watch - Oct 16, 2009
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  • $5.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Economics
  • Published: Oct 16, 2009
  • Publisher: AII Data Processing Ltd.
  • Seller: The Gale Group, Inc.
  • Print Length: 7 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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