Russia Market could update the annual maxima in the first hours of trading

Trading on the Russian sites have opened growth of quotations. Supported by the external background, bulls were able to seize the initiative and to resume the uptrend. Setting a new annual maximum at the level of 1376.07 points on the MICEX Index, the market went into correctional decline. As leaders of growth and Gazpromneft Uralsvyazinform, adding 7,1% and 5,5% respectively. The company they were Gazprom (5,2%) and Norilsk Nickel (5%). Worse market closed OGK-5 (-0.7%), Rostelecom (0.3%) and VTB (0.6%). As a result of trading the MICEX index rose 3.19%, ending the day at 1,362.86 points.

traded on the American sites have opened growth of quotations on the background of the positive statements of U.S. companies and macroeconomic statistics, which turned out better than expected. Positive dynamics was maintained throughout the entire trading session, resulting in indices of Dow Jones and S P500 added 1,47% and 1,75% respectively, the NASDAQ index rose by 1,5%. At the morning session, futures on S P500 index shows a slight decrease to 9.30 and is trading at 1,087.5 points.

energy market since we started closing the rising momentum, which continued at the morning session. This has allowed futures on Brent oil to surpass $ 74 to 9.40kontrakt traded at 74.5 dollars per barrel.

Today, the Russian sites can expect continued growth. External background, in the form of rising energy prices and the positive trend in foreign stock markets, will allow bulls from the opening to take the initiative in their hands. Perhaps in the first hours of trading the market once again update the annual maximums. But from the middle of the day may be a slight correction on the eve of release of macroeconomic statistics in the U.S. and the U.S. company. Important factors for the markets will be data on the primary applications for unemployment benefits and the consumer price index, as well as reporting CitiGroup and Goldman Sachs.

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Analyst Ratings


Forecasts of analysts: These American statistics may have a mixed impact on the dynamics of Russian indices
Against the backdrop of rapid publication of financial results Tatneft for 2 quarter of US GAAP possible surge of interest in securities of companies
Today is best spent contemplating profit in its portfolio from the previously discovered long positions
Today the U.S. Ministry of Energy publishes a report on oil and petroleum products, the market expects the next growth target
Even though the overheating quotes Russian indexes upward movement will continue
Domestic indices today confidently strikes highs in 2009
Short-term goal for Russia's market is the level of 1400-1450 points on the MICEX
Shares of the banking sector will be the favorite to start trading, support during the day they will have the expectation of reporting Citigroup and Goldman Sachs
Opening of tenders is expected with a gap up to 2-3% and the MICEX index in the near future may be at the mark of 1,450 points



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