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Security markets news for Wednesday

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Security markets news for Wednesday

Security markets news for Wednesday
July 20
16:00 2016


The Russian stock market started on Wednesday with the decrease in prices of “blue chips” after the fall of oil prices. MICEX and RTS indexes fell by 0.3-0.6% for the first minute of the trading session. By the beginning of the day, the MICEX index has become equal to 1910.97 points, the RTS index – 947.24 points. Prices in rubles of most blue chips fell within one percent on the Moscow Stock Exchange. At the beginning of the session the dollar rose to 63.58 rubles. Japan’s Nikkei 225 fell by 0.3% for the first time in seven sessions in anticipation of reports for the fiscal year of major Japanese corporations.

Quotations of the oil market are near the 2-month minimum while waiting for the US stockpiles information. On Tuesday the American Petroleum Institute announced about the fall of reserves by 2.3 million barrels over the last week. If the official statistics of the US Department of Energy confirms the trend, it will be the ninth decline in oil reserves at a run. Herewith, the indicator of commodity reserves of raw materials in the country is stable. It is 100 million barrels higher than the average mark for this time of the year.


The US stocks are moderately rising on Wednesday against the background of the quarterly reports publication of the companies Morgan Stanley and Microsoft. These companies supported optimism of investors’ forecasts regarding the financial condition of the companies. By the end of the day the Dow Jones index has risen by 0.27 percent to 18.609,79 points, the S & P 500 – by 0.45 percent to 2.173,46 points, Nasdaq Composite index – by 1.00 percent to 5.087,13 points.

Microsoft securities grew in price by 6.6 percent to $ 56.61, giving the greatest support to the three main indexes. This is due to the fact that the quarterly results of the world’s leader among the software producers easily topped the forecasts. The tech sector has increased by 1.38 percent, while the energy sector fell by 0.27 percent due to the price decrease of the “black gold”. In recent years the rally can be seen at the stock market of the United States, which is accompanied by the renewal of historic highs. Investors are closely watching for the corporate reporting, which is released in the United States.

“For the rally to sustain we are going to need to see continued improvement in the earnings and economic activity”, – said Peter Cardillo, chief market economist at First Standard Financial. The shares of Morgan Stanley rose by 1.8 percent to $ 28.73 after the report of the investment bank about the profit that exceeded the analyst’s forecasts.

Disney shares fell by 1.6 percent to $ 97.79, because Stifel reduced their rating. Intel, eBay and American Express are required to provide reports on their quarterly results after the close of the trading session.

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