With the price of oil went up and the general optimism in the western markets, the Russian stock market on Tuesday also remained in high state. It was glorious, and not growing, because the MICEX index (1.7%) was able to climb on the day of opening only at 0.5%. Our stock market indexes were higher and if the price of oil (Brent $ 71,15 /barrel), after the night-day rally has not been adjusted to a range of 5 hours. Significantly, while the quotations of our oil companies are traded very stable. This is a sign that the majority of players are in the hands of paper, waiting for the market higher.
Index MICEX morning immediately broke 1000 points mark, but natknuvshis to resist in the region of 1010 points, the day drifting, waiting for the continuation of developments in commodity markets and currency. Speaking of raw materials. A careful analysis of the daily schedule of prices for oil brand Brent shows that in the coming weeks expect accelerating upward movement of oil prices. I think that the point $ 75/barr can be overcome by mid-July. This is reflected in the calm on the stock exchanges, the lack of well-known corporate bankruptcies, softer rates in the credit market and the gradual weakening of the dollar.
In the best performing stocks on the MICEX today, oil and gas companies: MICEX OG 2,68%. Instead, the paper Sberbank (-0.45%), in obvious outsiders. I think this trend revealing, for the periods when investors simply shift part of the financial sector in the commodity, as having greater potential for growth. However, if the data in the 17-00 on an index price of the house of SP /Case-Shiller for April prepodnesut a pleasant surprise, you can wait for the restoration of quotations and in the banks.
This week will be short for the western markets. On Friday due to Independence Day in the U.S. market is closed. In this regard, the most powerful movement in the trading floors is to wait on Thursday, when the report on employment in the United States will determine the mood of investors at the beginning of July.
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The interest of investors in securities of Russian companies is restored thanks to the continued favorable conditions in commodity markets
It now looks the other campaign Lukoil, Tatneft, Severstal and prefy Transneft