expect attempts to breakdown the level of 1420 on the MICEX index
Today, we expect a positive opening on the Russian markets. Dynamics of American sites and energy prices, which have shown growth since our closing, allow "bulls" from the opening to approach the local maxima and try to overcome them. In this test of resistance at 1,420 points on the MICEX index, from a technical point of view, may be a signal of a reversal of the market and talk about the possibility of beginning a new wave of upward movement. From the perspective of the external background, the focus of the players will be on the statement of Paul Volekera in the U.S. Congress, which begins today at 18.00, which will be presented with a plan to restrict the activities of U.S. banks.
hours trading on the Russian sites have opened lower quotations on the negative external background. During the first half of the day the Bears" tried to break through the level of 1400 points, but at the end of the session, on a background of macroeconomic data from the U.S., the market could start to recover by the end of the day came close to closing levels Friday. Worse market closed Gazpromneft (-1.8%), Rosneft (-1,2%) and Surgutneftegaz (-1.1%). Better the market during the whole day felt like a regional telecom sector, the paper which added Bole 5%. As a result of trading the MICEX index lost 0.17%, ending the day at1,417 points.
traded on the American sites have opened growth of quotations. In the first minutes of the main indexes added about 0.5%, after which the dynamics of the continued rising against the background of output data on an index of business activity in the manufacturing industry, which proved to be much better than expected, and continued throughout the session. As a result of the auctions the index Dow Jones and S P500 added 1,17% and 1,43% respectively, the NASDAQ index rose by 1.11%. At the morning session, futures on S P500 index shows a slight decrease to 9.30 and is trading at 1084 points.
energy market after the closure of our demonstrated growth of quotations. Futures Brent crude was able to surpass $ 73 and ended the day at $ 73,6. At the morning session, the contract demonstrates the dynamics of correctional and 9.40 is trading at 73.25 dollars per barrel.
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During the general "side" of trend growth is supported by the local corporate news
The jump in oil prices and the dynamics of the ruble Russia"s market will provide positive momece5ntum in early trading
Shares of Gazprom today will test the resistance of 191.7, if the breakdown can rise to the following levels of 197 and 205
Day on Russian exchanges will dominate the positive dynamics, the leaders will become the paper of oil, metallurgical and coal companies
An important event of the day will be a presentation by Paul Volcker in the Congress with a plan to restrict the business activity of U.S. banks
Positive rebound in oil prices will create additional excitement in the shares of Rosneft
In the first hours of trading on Russia"s market is expected to increase, which will be the engine of oil and gas seccdctor
Interest today can provide data on production eurozone inflation, which will affect the dynamics of the foreign exchange market
The level of 1400 points on the MICEX index was left for the "bulls", so the upward trend still prevails