On Tuesday, the Russian stock market finally decided to return to the beaten track the medium-term uptrend. &a1000mp;lt;br />
RTS index soared by 1.9% to 1498.75 points, indexes MICEX and RTS Standard - for 1.21% and 1.39% to 9936.16 and 1436.63 points respectively. Trading volumes remained approximately the same values.
Tuesday favorable scenario, the foundation which was laid trading session on Friday, got into practice. Do not let the market a day earlier to go for a repeat of the recent lows, despite a cocktail of negative factors, optimistic market participants began to prepare for a fair remuneration for work papers. Already in the debut trading was broken neck line reversal pattern "upside the head, shoulders, and at the same time resigned a short-term trend is downward, which will now focus on the movement of punters to 1,485 items on the MICEX index.
emerged growth potential was provided to improve the situation on foreign markets. Despite the fact that the published data on the eve of business activity in industry in several key economies of the world have manifested as increasing inflationary components, investors around the world have focused on the confirmation that the post-crisis recovery is well underway. Fears that central banks will in response to recent macroeconomic indicators hurry to increase rates, along with unresolved issues of sovereign debt, has not had a decisive importance. Attractive price levels after a sharp fall in the previous days on the background of the continuing favorable liquidity conditions were more significant factor that enticed most of the players play on the rebound. In favor of a transition initiative to buyers played and the fact that representatives of the People"s Bank of China for its verbal intervention and the unexpected decision of the Reserve Bank of Australia does not raise interest rates, have demonstrated that monetary authorities are aware of the fragility of the current economic recovery and will not allow it "to strangle".
Domestic market participants, as if fearing to remain in the cold, in the previous days did not dare to make a new "decoupling". But having received a visual signal in the form of take-off of U.S. stock indicators, the weakening U.S. dollar and later followed by higher oil prices to $ 75/barr. sort by WTI, doubts about returning to a trajectory of growth were added to the category of marginal. Increased capitalization of oil and gas companies on Wall Street at 3%, did not leave room for maneuver for those who are still counting on the continued downward movement.
After passing the morning in 1423 points, the game was done, that introduced the market in this format: "nonaggressive fix in case of negative external background and start a new purchase in the event of his improvement." The main guideline was the price of oil, which, after a morning of technical corrections soared to new highs, with the transition in the afternoon session of the newly ebbed, but closer to the auction in the United States once again began to rectify their situation.
The opening session on Wall Street did not spoil such a disposition of forces. Speech by the initiator of the banking reform by Paul Volcker in Congress did not have a "hawk" in nature, besides excellent quarterly reports submitted Dow Chemical, UPS, DR Horton. The report of the latter company, builder number 2 in the U.S., lay on a fertile soil were published after this data for active transactions in the housing market, which led to more optimistic view on prospects for U.S. real estate market in light of disappointing sales data in December. Thus, by the end of the session once again prevailed optimism that bounced quotes the most liquid stocks to new intraday highs.
greatest interest in buying the shares retained by the telecommunication segment (Mic1000ex TLC 3.24%) in anticipation of the upcoming Feb. 3 meeting of the coordinating council of the holding Svyazinvest, which may be named in the coefficients, which will be converted into shares of MRK Paper updated Rostelecom.
idea was present in the coal companies of the Russian stock market in light of recent news about the increase in domestic prices: Mechel (5.07%), Raspadskaya (0.82%), Belon (2.46%). Index Micex MM metallurgical sector as a whole has completed bidding increment of 1.58%
In a spurt of black gold quotations have found their buyers and shares of oil and gas sector (Micex OG 1.58%). Here on the background of the received signal a turnaround market market participants focused their efforts on the weak lately because of uncertainty regarding the preservation of zero tariffs on mined in eastern Siberia oil Rosneft shares (3.64%).
In the run-up performances by Paul Volcker"s plan reform of the financial industry, stock exchange players are in no hurry to fill their portfolios in shares of banks (Micex FNL 1.16%). Also, a few other people at the event were representatives of the shares of the energy market segment (Micex PWR 0.81%).
look at today"s market
On Wednesday, the Russian stock market will do one more step toward their annual highs. Plowed strip of excellent data on business activity in industry in many key economies, published earlier in the week, the day before was supported by positive data on uncompleted deals on home buying and a return to profit builder DR Horton, allowing to extend the U.S. stock indexes rebound from a three-month minimum marks (SP 500 1.3%). One way to keep a positive attitude speech in the U.S. Congress, Paul Volcker, with a detailed plan for reforming the financial industry. The positive closing of trading on Wall Street supported the optimistic mood at the auctions in Asia: Shanghai composite 1.75%, Hang Seng 1.29%, Nikkei 225 0.32%.
On Wednesday morning, futures for U.S. indices continue to move the same course (SP 500 0.11%), playing a favorable report from News Corp and tuning in the positive nature of the impending publication rate ISM services (18-00). If those expectations with respect to the rate in the euro area (12-00) and Britain (12-30) are confirmed, and will not contain negative surprises, the punters have an additional reason as long as "not recall" about the unsolved problems servicing sovereign debt and tightening monetary policy in China. Also some food for thought will present a report on job creation in the private sector of ADP (16-15), which lets us understand how faith is the positive outlook on Friday of data from the U.S. Labor Ministry. Its quarterly reports to be published today, Pfizer, Comcast, Time Warner, and Western Union. In the 18-30 come out traditional oil and petroleum products from the Ministry of Energy of the United States. Data from the API, although negative, did not affect the balance of power in the oil market, which has been updated recent highs (WTI $ 77.17/barr.)
morning thanks to the Russian stock market may be on the MICEX index have 1445-1450 points. Then pull a few purchases pougasnet that may lead to the closure of the morning and break up within 0.5%. However, in the future intraday drop in the removal of local overbought may be re-used for fresh purchases, that the market will return to the old stamps. In general, after fixing above 1,423 points on the MICEX index goal upward motion is located at 1485 points, and there is no reason to revise it. The engine will continue to be oil and gas sector.
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