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FINAM - Daily Market Watch - Oct 16, 2009

ADP News Middle East & Africa 2009, Oct 16

This book can be downloaded and read in iBooks on your Mac or iOS device.


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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