results of the previous day:

Russia's stock market on Tuesday failed to build on the success after the previous day uptrend line was in its role of support.

RTS updated the maximum from the beginning of the year, at the close of demonstrating the value of 1260.56 points and the rise of 0.95%. More modest gains were in the MICEX Index, which finished the day in a 0.38% increase on 1212.75 points. Trading volumes have increased, but remained below the average for the last time values.

On Monday, the medium-term uptrend line once again become a reliable bastion of defense bulls, neutralizing the power of the assault bears. Bounced off this line, as well as from the bottom edge formed in the last two weeks of the triangle, the next day, the MICEX index set a course toward its upper limit and performed excellently set before him a technical problem. In anticipation of the appearance of the final assessment of the U.S. GDP for the II quarter, data on the number of job cuts in the private sector from ADP, as well as the end of the fiscal year in the United States of a critical mass willing to destroy the formation of a triangle and pull ruble consolidated stock index from the shrinking range of values not had accumulated .

In addition to the uncertainty nature of the impending very important statistics, most market participants took a wait and the lack of support from the energy market. Mindful of what the commercial reserves of oil and its derivatives have been published the previous week, the U.S. Ministry of Energy, with the approaching date of release more recent data, bulls of the oil market began to show timidity. Planck $ 67/barr. Who resigned the previous day after the appearance of optimism on stock markets through a series of mergers and acquisitions, amid renewed strengthening of the U.S. currency on Tuesday they had returned.

Given the fact that on the open European sites optimism faded, after touching themorning to the upper boundary of the triangle zone in the MICEX index 1215-1220 items beginning of a desire to take profits grow. However, a special fervor in this manifested was not and after touching on Monday to overcome the upward sloping line of resistance held by peaks of the previous week, the scales have tipped in favor of the bulls. Descending into the dynamics of oil prices did not initially balanced the favorable data on an index of business and consumer sentiment in the euro area, as well as the revision in the direction of improvement in UK GDP in II quarter. A further quotes the most liquid securities again climbed into positive zone.

optimism aroused publication price index for houses from SP /Case-Shiller, which rose (1.6% m /m), the third consecutive month, confirming the stabilization of the situation on the housing market. The unpleasant nature of the index of consumer confidence from the Conference board, (53.1 to 57.0 in the projections; before. 54.5), which found a greater reflection compared to the same index from the University of Michigan remains tense situation on the labor market was offset by the return of oil prices to the level of $ 67/barr.

events within the country a significant impact on the dynamics of the most liquid securities have had little. The Bank of Russia from September 30 went to the next lower refinancing rate by 50 basis points to 10%, but the monetary and foreign exchange, and with them, and the stock markets reacted calmly.

In general, an indifferent market reaction has been, and the comments of the authorities, raising the investment attractiveness of Russia's stock market, which were made at the forum VTB Russia is calling!. Speakers made it clear that they intend in the coming years to continue the liberalization of the economy, as reflected in the reduction of state intervention, the transition to the free navigation of the ruble, implementation of measures to help improve the investment climate. Prime Minister Vladimir Putin said that sacred cow, exclusive access to Gazprom's infrastructure may be reviewed in the longer term.

In Gazprom's shares (-0.61%), possibly in connection with this drawdown after quotations in the morning, buyers have decided not to return. Worse shares of the gas monopoly in the petroleum sector (Micex OG 0.9%) only looked bad before the more expensive paper Rosneft (-0.7%). Better opponents looked Paper Tatneft (3.83%) and the prefecture of Transneft (3.4%). Ahead of the market and Lukoil (1.61%) by improving the target experts Morgan Stanley.

most liquid in the financial sector (Micex FNL 0.72%): Sberbank (obyk. 0.66% vaccinated. 0.24%), VTB (1.06%) looked more profitable than the market as a whole due to the high opening due to growth in capitalization banks in the United States. In the future, they supported the interest in the shares of banks in Europe, after BNP Paribas announced it was going to be an additional issue, other funds from which will help him pay off the state, which extended his hand in the acute phase of the crisis. VTB shares are supported as the comment board of the bank first deputy chairman Vasily Titov as saying that the bank up to 9 months under RAS will make a profit through dividends received from subsidiaries.

In the metallurgical sector (Micex MM 1.19%) shares of representatives of the Steel shares were swapped with the representatives of non-ferrous industry. There have written to the alignment of the action of CMI (-1.49%). MMC Norilsk Nickel fell 0.98%.

look at today's market:

Restoring the American stock market on Tuesday (SP 500 -0.22%) failed to develop. Consumer fervor after the publication of positive index of house prices SP /Case-Shiller damper on the disappointing dataon consumer confidence from the Conference Board. In anticipation of the publication of data on the number of new jobs in the private sector from ADP and final estimates of GDP for the II quarter of the U.S. who want to buy it later turned out less than those who were willing to take profits on which occurred the day before lifting the market. Most noticeably it looked in the shares of oil and gas and technology companies. In the middle of the week, futures on U.S. indices (SP 500 0.19%) due to favorable reports of Nike, Micron and other companies is almost completely negate the loss of spot market.

on stock trading in Asia, a single dynamics is not observed: Nikkei 225 0.08%, Hang Seng -0.73%, Shanghai composite 0.91%. Chinese stock market is up for yesterday's decline after the publication of index PMI (55.0, prev. 55.1), calculated by analysts the bank HSBC, which demonstrated the immutability of business activity in the industrial sphere. On the Japanese stock quotes pressure has a reaction to weaker than than-expected data on industrial production (1.8% m /m; forecast 2.0% m /m) as well as the strengthening Japanese yen, nyrnuvshey again below the 165 #, 90 in relation to U.S. dollar.

weaker American currency and the euro ($ 1,463), which was passed up the level of $ 1.46. This in turn pushes the quotations on commodity markets up. Oil prices on the sort of WTI overcame resistance in the $ 67/barr. But more to move up does not work. Certainty is missing due to the growth of oil reserves by 2.8 million barrels. of the week estimated API.

Russia's stock market will start trading on Wednesday near the level of previous day's close. In the first half of the day, the fluctuations of the MICEX Index is likely to again be limited to the range of 1200-1220 points. No option is excluded enlargement of the lower border consolidation within days prior to the 1190 points, where the line of medium-term uptrend. Exit from a designated range may occur after the final assessment of the U.S. GDP for the II quarter (16-30) and data on the number of new jobs in the private sector of ADP (16-15). But more important to remain level in 1170 and 1229 points, the passage which finally set the record straight and. The other data, to be launched today, with the exception of oil and petroleum products in the U.S. (18-30) are of no interest. In Russia, reporting on the US GAAP standards for the first half will present Polymetal. In the branch cut is likely before the data is expected multidirectional speakers.

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