After a significant drawdown in the opening (about 1,5% - 2% on MICEX) shares may be partially otkupleny to stabilize the external background

After active movement from the morning market in zalyazhet Comma delimited before the publication of statistics

On the eve of Russia's continued consolidation of the market at higher levels. The MICEX index was trading in the range 1200 - 1220 points. Proceedings bidding adjusted statistic data on the U.S. economy, which were mixed. Toward the close of trading was published index of business activity in the manufacturing sector, fell short of expectations and triggered a wave of sales. Following the session, the MICEX index added 1,19%.

Today is the opening of the domestic market may occur with significant gepom down due to negative external background. Closing of the American market was held in the negative zone: the Dow Jones index lost 2,09%, SP 500 index - 2,58%. Significant drawdown indicators U.S. compounded by the fact that the end of trading on the American sites took place at the session lows, so part of the reduction is not incorporated in the Russian market quotes. In addition, after the session in the domestic market continued to fall U.S. futures indices. Futures on the SP 500 index consolidates near the mark of 1,025 points - this level is able to suspend the reduction. Compared with the levels at which ended trading on domestic platforms, futures on the SP 500 index lost about 1.3%, which is also to push Russia's market opening.

On the background of negative statistics observed strengthening U.S. dollar, which impacted on the dynamics of oil futures, which after the closure of Russia's traded market volatility. Mood swings in the currency market contributed to the loss wagered commodity instruments. Thus, futures on Brent crude recovered positions and lose less than one percent compared with the levels at which they left the Russia's market.

After considerable drawdown at the opening (about 1,5% - 2% on MICEX) shares may be partially otkupleny to stabilize the external background. The rebound will also contribute to the dynamics of ADR in domestic securities issuers, which look much better than the local market. The key event of the day will be a report on the U.S. labor market, which will be announced at 16:30 Moscow time. Before the publication of a report on Russia's auction market, will likely take place peacefully. Data on unemployment may disappoint the market participants, judging by anticipating data from ADP. At the time of publication statistic data the most attractive look short positions.

The technical picture of Russia's market may have changed at the opening. MICEX in the first minutes of trading may go down from the short-term upward channel from August 19 this year. Powerful level of support for the MICEX Index will be 21-day moving average, passing near the mark of 1,176 points. Near this level I recommend buy up securities fallen in price since its achievement can be a cause for reversal.

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