The Russian stock market opening could resume climbing, with the support of the American futures

External background contributed to the high volatility on the Russian stock market on Thursday that did not prevent the indices to close in the black, so took off on the RTS 2.87% to 1054.57, while the MICEX index gained 1.3% to 1100.57. The basis for the motion were the macroeconomic data from Europe and the United States. The rise was driven up the preliminary GDP data for Germany and France, which proved to be much better projections for the evening podospeli weak data on retail sales and applications for unemployment benefits from the United States. As a result, steadily raised most of the day the market was overturned, but a partial recovery before the closure was due to the positive opening of U.S. stock markets. Nevertheless, the oil sector has suffered losses, although for the most part, its shares closed in the black because of podeshevevshey for American oil statistics. Among the leaders of the growth is still metallurgical sector, otygryvayuschy increases in the price of metals. Surely went up yesterday, shares of Transneft, which had been included in the calculation of the index MSCI Russia. Paper RusGidro also been at the forefront of growth, the participants welcomed the results of tendering additional issue, in which the company hold more than half of the shares until better times. The scenario for the European stock markets in many ways was similar to ours, but on the day of the major indices are also anchored in the positive zone. In the first half of session due to unexpected data on the GDP of France and Germany markets rapidly gained weight, as according to these indicators, the economy of these countries is technically came out of recession. A cold shower for the hot steel market statdannye of the United States. Once again there were no corporate news, which at this time were mostly positive. Shares of mining companies are also in demand because of the raised prices of some metals.

U.S. stock site Thursday completed a small growth that has not been able to prevent even the poor statistics. Compensating retail sales quarterly results have become the world's largest retailer Wal-Mart Stores Inc. In addition, shares of financial institutions foam up because of reports that hedge funds, John Paulson Credit Opportunities Fund has become a serious package of bank shares in the II quarter. The commodity sector had been raised after the price of oil and metals, which in turn were preheated statistics from Europe, the Fed statements and a weakening dollar.

Asian markets today traded differently. Expensive raw materials contributes to the growing demand for the shares of mining and energy companies, but the news from China restrain him. In addition, the yen strengthened today, that puts pressure on exporters of paper.

The Russian stock market opening could resume climbing, with the support of American futures. MICEX Index will be able to go to 1110/1120. Today, the external background will summarize the week, which in general were positive, so the upward movement is likely to continue, if the picture does not spoil the corporate news. MICEX index had an opportunity of gaining a foothold on the 1120.

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Analyst Ratings


It is unlikely that the Russian market today have the strength to determine the direction of motion
It is unlikely that the results of the short trading session is taken seriously
On the stock market is a lot of cheap money, they warm themselves, and raise share prices, commodity prices
The Russian stock market on Friday will mark time, waiting for the opening of the European sites
The Russian market has made an application for continued growth, or more precisely, on the continued consolidation in the extended range
Markets continue to consolidate on an upward trend to continue upward movement needs new drivers
Corrective mood zavladevshie the Chinese market could spill over in other stock markets of the world
Review of the FOREX market for 13.08.09
Cabinet has decided to streamline the fermentation



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