Week on the trading floors will be fairly quiet, it will start under the sign of correction

While - down

On Friday Russia's trade areas dominated by the positive dynamics of quotations on the background who grew up before the oil quotations, as well as strengthen the single European currency against the U.S. dollar. Much better than the market once again looked paper telecoms. Against the background of the next burst of information about fast transition to RAB regulation fired Paper electricity network companies. Oil chips added 2.4%. The financial sector was closed by growth of 1-2%.

statistic data released in the U.S. on Friday, did not inspire much optimism to investors, although a strong wave of sales after their release followed. Personal incomes have not changed, while the cost of citizens increased by 0.2%. Consumer spending is positive for the economy. Nevertheless, data on the Michigan index of consumer confidence disappointing: in spite of exceeding expectations, the index remained below the levels of July. The worst of the market looked like the paper oil and gas sector.

External background at the opening of Russia's market is moderately negative. Japanese Nikkei falling 0.2%. Chinese Shanghai Composite fell 5.3%. London Brent traded at a mark of $ 72.3. Futures on the U.S. S P500 decreased by 0.5%.

At the end of last week we noted reduced demand for risky assets, despite the relatively positive macroeconomic statistics from the U.S.. Apparently, the negative news from China, the weak data on U.S. labor market and reducing consumer confidence shaken the confidence of investors in the near future the pace of recovery of the global economy. Today, we expect to see the opening of the market by 1-2% below the closing levels Friday. Optimism on Russia's market in the last trading day of the week was clearly excessive. Since the most important statistics in the United States goes only on Friday, we expect that week on the trading floors will be quite quiet. Getting it will be held under the sign of the correction. In the future the market will need strong reasons to information penetration resistance at $ 75 for Brent oil and 1.44 for the currency pair EUR /USD.

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