Results of the auction: calm trading in the absence of significant news

MICEX Index, which opened gepom up during the day showed growth in the range 2.5-3.5%. At the close of the MICEX index was 1202.9 subsection (3.3%), RTS index - § 1249 (3.19%). Index second tier stocks RTS2 showed a third white candle in a row (2% in the day). Increased activity was observed at the opening of Russia's stock exchanges after trading began in the United States. The turnover of trading on the shares included in the MICEX index, was 62.3 billion rubles (10% of the previous volume).

The main factors of growth in domestic stock markets have become stronger in relation to the dollar ruble and correcting up oil prices. External information background was also positive: futures on major U.S. indices traded in the green zone, the European sites showed growth of about 1%.

The main driver of growth of the financial sector (4.4% on the MICEX index Finance) - strengthening of the ruble, which contributes to a bank purchases of securities. Sberbank shares went up by 5.8% (обыкн.) and 5.4% (priv.), VTB - by 4.7%. As leaders of growth among the index securities and Novatek (5%) on news of the possible involvement of non-residents in projects for the development of gas fields in Yamal.

Market shares: VIX fell to its lowest value in 2009

Global MCSI-World Index rose by 1.2%. American sites were closed by growth on 0.5% for the Dow and 0.7% of S P. VIX volatility index showed a second consecutive black candle, dropping to an annual minimum (23.08 on). Were leading bank stocks: Wells Fargo and JPMorgan (4%), Citigroup (5%).

In the absence of significant news in Europe were trading with low activity. During the day, before the opening of American sites, leading European indexes have shown growth of about 1%, but closed weaker. German DAX (0.7%), French CAC 40 (0.3%), index FTSE (0.2%).

morning the stock markets in the Asia-Pacific countries mainly dominated by negative dynamics. Index of Hong Kong and South Korea's KOSPI lost 0.4%, Taiwan - 1.3%. Chinese index is trading near the level of the previous close (0.1%).

Vista: nearest resistance index MICEX - 1240 p., support - zone n. 1130/1140

yesterday's technical rebound MICEX Index was predictable, and generally stay within 62%-term correction of the three-day fall. Was somewhat unexpected trading volume on the MICEX index (62.3 billion rubles.), The growth of which, apparently, was not associated with the closure of many short `s how the restoration of long positions by short-term speculators. Bulls has helped strengthen the ruble, rising oil prices and investor interest in returning to the risk in foreign markets. Stocks were leading the banking sector. This MICEX index went beyond the boundaries of 3-day downtrend channel. Remarkably, but held, profit-taking has not yet had a negative impact on cash flow on the MICEX index (Fig. 1). This means that the money has remained in the market.

External background on Wednesday morning, does not give significant advantage of either side. Prices for our ADR in New York rose above the closing prices on the LSE. Low-income dollar continues to weaken against thebackdrop of growing market share, reflecting the continued interest of investors to risk. However, the Asian markets during the morning session uncomfortable against the background of relatively neutral U.S. equity futures. The most likely option for today's auction - continued consolidation. Abrupt movements are not waiting. On the eve of Fed meeting, many participants prefer to wait, hoping to clarify the situation. Therefore, most likely, the trading activity today would be lower. The closest resistance index - 1240 p., support - zone n. 1130/1140

Forex - Asia
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