Despite the decline in oil quotes, bulls will support the restoration of American sites and the positive dynamics of the Asian markets

The market will try to consolidate above 1,000 points on the MICEX index

The opening bid at the Russian sites have passed in the negative dynamics, then the market turned around and went up to the mark of 1000 points on the MICEX index. Short-term consolidation at this level was changed to a new wave of growth. Far not been able to leave the market, a wave of sales that took place against a background of reducing oil futures quotations and American indices, the market returned to the previous day's closing levels, but most of the closing of the MICEX index was able to recover higher level of 1000 points. Leaders of growth became the paper Surgutneftegaz and Gazpromnefti added 4,34% and 3,49% respectively. The company they were Sberbank (3.11%) and Rosneft (2.04%). On the negative territory closed Norilsk Nickel (-1.39%), Polyus Gold (-1%) and Rostelecom (-0.6%). At the end of the trading the MICEX index rose by 1.73%, ending the day at 1002.88 points.

The opening bid on the American sites have passed in the positive dynamics on the background of a good accounting of American companies, but before the speech of Ben Bernanke on the market, a wave of sales, which lasted until mid-session trading and increase market closing below the previous day. However, players were able to expand the market and the closure of the return indices for the maximum levels of the day. At the end of the trading Dow Jones index rose by 0.76%, S P500 Index and the NASDAQ added 0.36%. At the morning session, the index futures on the S P500 showed negative trends, however, reaching 950 points was able to expand and partially offset the reduction. As a result, the 10.00 contract traded at 952.5 points.

energy market after the closure showed negative trends, but the closure has been able to partially restore their positions. As a result, futures oil brand Brent finished the day 67 dollars per barrel. At the morning session, the contract demonstrates the negative momentum. By 10.00, it dropped to a level of 66.7 dollars per barrel.

Today, we look forward to moderately positive opening on the Russian market. Despite the decline in oilquotes, bulls will support the restoration of American sites and the positive dynamics of the Asian markets. Against this backdrop, the market will try to gain a higher mark of 1000 points on the index MMVB.V during the day, except for reporting U.S. companies, a large amount of which is now before the opening of American markets, the players will expect the data on stocks of petroleum and petroleum products in the United States, which can alter the balance of power in the energy market.

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Analyst Ratings


The likelihood of continuing medium-term growing trend in the Russian market remains quite high
Bookmark the current bid will become the paper MMC Norilsk Nickel in the background information on possible interim dividend
Analysts recommend cautious buying of major names in the Russian stock market, looking forward to continued recovery
Trading volume on the Tuesday evening session on FORTS have been high enough
Today, the Russian stock market is waiting for the continuation of the struggle for 1000 points, but to predict its outcome still difficult to
Today, the pressure would be shares of the banking sector, the worse the market can be traded shares neftyanki
A positive statement made by the head FRS Ben Bernanke before Congress, the U.S. stock indices indicated that the way the top is open and free
The volume of trades in the market shares of the MICEX Stock Exchange on Tuesday amounted to 121.24 billion rubles
Review of the FOREX market for 21.07.09



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