United States

Futures on the SP 500 index falling by 0.2%.

Europe

European markets went into decline after the plus in the early trades. European FTSE Eurotop 100 index of 0.66%, Britain's FTSE 100 0.45%, German Xetra Dax 1.05%, French Lyxor Cac 40 1.06%.

Exit in the positive zone markets reporting helped JP Morgan. Net profit of the bank in II quarter has grown by 36% to $ 2.72 billion Earnings per share JPMorgan Chase was $ 0.28, exceeding the forecasts of analysts who had expected earnings per share of $ 0.05. Shares of banks increases. Lloyds 1.8%, HSBC 1.7%, Barclays 1.3%.

enough markets reacted cautiously to the data from China. China's GDP grew in the II quarter at 7.9%, therefore, China has become the first major economy that is emerging from recession. $ 585 billion government infusion helped to stimulate economic growth and stabilize demand. Industrial production in June rose by 10.7% year on year, retail sales in June increased by 15%.

Oil

Oil declines after two days of growth. Futures lost 1.5%. Before the oil has advanced by 3% in the reduction of stocks in the United States. The volume of reserves of crude oil in the United States for the week fell by 2.8 million barrels at 344.5 million barrels. Projected decline in oil reserves at 2.1 million barrels. Spot Brent $ 62.1, WTI $ 61.54.

Russia

The Russian market took a pause after a three-day growth. Opened on 1% rise, the market immediately went negative. The reason for the fixation of the profit was the negative dynamics of U.S. futures and rollback of oil from the local maxima. The decline reached 1.5%, but the JP Morgan report allowed the market to revert to zero. At 15:20 Moscow time the MICEX index declines by 0.64%, RTS increases by 1.35%. Trading volume on the MICEX stock market was slightly above the average values of 34 billion rubles.

In general, the dynamics differently, shares are allocated only Mechel, which grow at 7.4%. Prior to Mechel ADR has grown by 18%. The company has published results of production for II quarter, production of coking coal increased by 19%, the production of rolled products increased by 25% in quarterly terms. In the oil and gas sector are stronger than the preference shares of Surgutneftegaz 4.7%, 0.2% of Gazprom, Rosneft -0.3% -1.8% Lukoil. Shares of banks came in, plus the morning after reporting a decline in JP Morgan. 0.2% Sberbank, VTB 0.9%.

Outlook

statistics are not much, at 16:30 will be the primary treatment for unemployment benefits in the United States, at 17:00 on the volume of purchases of American securities by foreign investors. In the absence of important macroeconomic data, all attention will be riveted to the corporate records, which is reported to Google and IBM.

If the quarterly results of the largest companies in the U.S. will continue to please investors, who waited with great caution statements beginning of the season, the positive dynamics of world stock and commodity markets in the coming days will continue. And, if formed down trend on the dollar, the increase may have more prolonged than many assume.

From the technical point of view, the market hold above the 920 points, the aim of becoming a standard of 950 points, after which it will be possible to speak about the assault of the medium level of resistance of 1000 points. Speculators, I recommend to record profits and go into cash. Medium-term investors recommend slowly build up positions on the pleadings, I recommend a long-term investors to hold the position.

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