The market opens from yesterday's closing level, which leaves space for the bulls and for bears

It remains within the range of

Russia

The Russian stock market at yesterday's auction progressed even slightly higher: RTS index rose by 2,47%, MICEX index added 0.91%. Trades were fairly quiet, slightly above the upper border of the morning break-up. Night has a small drain on the background of negative reporting Lukoil and slightly podeshevevshey oil. The volume of trades on the RTS Stock Exchange was $ 2.54 billion, of which $ 1.42 billion was accounted for by the term market instruments, the MICEX Stock Exchange Section natorgovala at 153.9 billion rubles. Looking for the securities included in the index, the turnover amounted to 55.4 billion rubles.

Europe

Old World Index grew by an average of 0.4% - Corporate reporting on the region was mixed, but the macroeconomic statistics somewhat encouraged by the investors, although it belonged to the Second-and third-order values. Still, look for any pitfalls and complex reasons for not, since such fluctuation is quite fit into the framework of the standard deviation.

America

indexes the New World increased by 0,1-0,3%, which, again, and change can not be plainly described. At the beginning of the trading platforms like the American pulled up in response to the positive statistics of the construction sector, but then corporate accountability ottyanula quotes back (so the index S P500 entire trading session held at the negative territory and went out into the plus just before closing). Notably, the analysts of American banks vying to increase their predictions about the prospects for each other and thereby promote good sector shares up (will be interested to see what this marketing campaign will end - I personally put on the return of the outstanding problems).

raw materials, currency, etc.

Industrial metals at auction in London are continuing their growth. If the approach to the evaluation of the commodity market in terms of asset inflation, it [the market] is the most accurate reflection of her. And in this regard would be useful to recall the bubble in the market of metals, sulky in 2005-2007, when the industry suddenly interested in the major players. Now I believe similar processes occur, associated with redistribution of enormous monetary liquidity accumulated in the accounts of banks and the non application of a real economy.

gold worth about $ 955 in anticipation of interchanges on the U.S. situation, where the planned assault on two levels. If this level does not stand and not stand it if the Fed does not take any steps to reduce money supply and removal of extra money, it can be expected to focus the movement and the failure rate for the U.S. currency against a basket of up to minimum last year.

futures for Brent crude oil brands are just above $ 70.75, crude oil futures on the mark WTI traded just below $ 68,5 (September contracts at 9-20 Moscow time). I think that before the publication of data on hydrocarbons in the United States, which will be held tomorrow, expect a serious movement away from oil is not worth it. Mark $ 70 is notable because it said many oil industry officials, and it is as though a compromise that should suit all parties concerned. How we got a $ 70 figure and what it fundamentally backed - the big question, which is likely to remain unanswered.



At 14-00 (Moscow time) published data on retail sales in the UK, 18-00 (Moscow time) is the index of consumer confidence in the United States, late at night were Geytner Timothy and Ben Bernanke, and they were a few steps.

With regard to corporate reporting, the following names: BP (especially interesting in the context of projections placed on the TNK-BP), Canon, Deutsche Bank, Endesa (Spanish energy company), EADS, US Steel, Quantum and Western Digital (both - high tech) and Hitachi, among Russian companies light up Polymetal.

Outlook

It seems that our market will be open from yesterday's closing level, which leaves space for the bulls and to bear. Much depends on the behavior of oil prices, extreme impact on our market and the Russian ruble continues. The coefficient of correlation is close to unity, which in its unusual, even historic dependence on the Russian market in oil prices. Purely on the level of intuition position bears are attracted once more: the oil has reached a target levels grew long and hard (which in itself is not a reason for the fall, in spite of the opinion), ignoring any of the negative, the index of MICEX is within the range of resistance levels, and about some favorite apologist Technical Analysis 50% Fibonacci correction level lies just below 1050 points for the MICEX index, do not forget.

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Analyst Ratings


An essential demand in today's auction will again benefit the individual paper second tier
From the standpoint of the fundamental factors at the current prices of raw material a fair level for the RTS index is a corridor of 1300-1500 points
Exit the September futures on the RTS index lower than 102 400 open the door down now to 100 000
The desire to buy the players can trigger levels of the closure of Russian ADRs in the United States, the positive dynamics of futures on the blue chips and the RTS index
The main reason for the positive opening of the Russian market will be the return of oil to the mark in the $ 71
At the opening of the Russian sites bulls will try to win back the level of 1050 points on the MICEX index
The growth of the capitalization of Asian steel companies able to support the actions of domestic metallurgists
Today the Russian market is expected to open with gepom down on the RTS index in 0,4-0,5%
Following Monday MICEX index value of 1036.27 point, which is 0.91% above the closing level of the previous trading day



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