volatile dynamics on FORTS at the end of the trading session

Tuesday most of the trading session of the derivatives market was quite sluggish. Total trading volume on FORTS totaled 50 billion rubles. Having opened with a gap up, the market could not keep the achieved levels and for most of the trading session decline. Only at the end of trading, after makrostatistiki in the United States, the market is volatile trade.

main trading session on futures on the RTS has completed a growth of 1,5%, but remained in bekvordatsii on 1,5% (-15.6 points). Bidders have built up positions for another 2%. In Gazprom futures players, by contrast, quite actively reduced positions, which led to a decrease in open interest at 5%. The activity of trading in Gazprom was at a fairly high level.

The situation on the currency market FORTS remained calm. The September futures on the dollar virtually unchanged, continuing to bargain about the level of 31.9 rubles per dollar. The oil market situation has deteriorated towards the end of bidding contracts for WTI in the moment of reaching the level of $ 68. After the release of the American Petroleum Institute (API) oil quotes added 0,7% and reached $ 68,5.

options contracts on the market situation remained fairly calm. No significant progress was noted in any number of open positions, or changes in implied volatility.

during evening trading session, the derivatives market has demonstrated reduction landslide quotes followed by U.S. sites. Futures on the PCT fell by 2,9%.

Wednesday in the 16:15 and 16:30 Moscow Exposure data on the labor market in the United States. Also at 18:30 U.S. Department of Energy publishes data on stocks of petroleum and petroleum products. Preliminary data from the Petroleum Institute showed lower oil and gasoline.

Click to continue »

Russia stock market on Tuesday has grown, so RTS added 0.66% to 1,073.62 and the MICEX 1.19% to 1,104.98. Restoring shares in the Asian region has inspired our paper to leap up in the early days, after which there was a backlash, but then supported the oil market quotations, which, during our session, regained their positions above $ 70.

Also at the closing of the American sites have strengthened our index because of statistics: the index of business activity in the manufacturing sector and the upcoming sale of houses rose above expectations. Increases the stock of a variety of sectors, but better than the market looked securities of telecommunications companies because of circulating rumors about the restructuring of Svyazinvest. European shares have a negative pressure on Russia's paper, by the end of the session seriously subsided. The big block of macroeconomic data for the euro area as a whole and for individual countries of the region proved to be highly controversial, and statistics from the U.S. even slightly cheered investors, but the focus turned out to corporate results and recommendations of analytic units, which in this day and caused fall. Shares of technology companies were among the victims, as Credit Suisse Group lowered its recommendation on the securities Nokia, and Exane BNP Paribas recommended selling shares of Royal Philips Electronics. In addition, shares of the latter going to exclude from Dow Jones Stoxx 50 Index, which added a negative. Obscherynochny negative engulfed all sectors and among leaders of falling were shares of the champions of the recent growth, in particular of paper financial institutions. Shares of energy companies were also among the outsiders because of collapsed oil quotations, which followed obscherynochnoy trend.

American share platforms collapsed on Tuesday. Statistic data, which showed improvement in construction and manufacturing, could not hold sales. The fall of the favorites were the financial institutions because of the next high tide of fear that their significant growth was unreasonable. Its effect on mood has started month of September, which is traditionally considered one of the most unsuccessful months of growth, which increases sales.

Asian stock exchanges are mostly falling, playing a collapse of commodity quotes and American sites. In addition, forecasts of companies make investors cautious about the future. One exception today was China, where shares have grown up, after the speech of Premier Wen Jiabao, who noted that the government is not going to change the country's economic policy aimed at restoring the economy, due to strong financial and fairly loose monetary policy.

Russia's actions today will go down immediately, because yesterday they closed at the peak of external optimism. The MICEX index dropped to 1080, most likely, that this level will be key position around which the main events unfold today, and if the index can not hold at that point, it could crash by 1060. This can be facilitated by external events, if the downward trend resumed. Correct the situation may be with the help of statistics, as well as projections are encouraging, which will gain a foothold in 1080, but the prospects for growth have not yet seen.

Click to continue »