[Download] ~ FINAM - Daily Market Watch - Oct 16, 2009 # by ADP News Middle East & Africa ~ eBook PDF Kindle ePub Free
eBook details
- Title: FINAM - Daily Market Watch - Oct 16, 2009
- Author : ADP News Middle East & Africa
- Release Date : January 16, 2009
- Genre: Economics,Books,Business & Personal Finance,Reference,
- Pages : * pages
- Size : 55 KB
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.
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