results of the previous day:

Russia's stock market on Wednesday continued its vertical climb to new yearly highs, but could not escape course corrections in the evening.

The RTS index grew at 1.32% to 1287.32 points, MICEX - to 0.47% to 1226.17 points. Trading volumes have increased significantly.

On Wednesday morning mini-rally in the world, and Russia including stock markets continued. Confident closing trades in the U.S., where, in general, have played in favor of the bulls are the same reasons as in the previous day, did not appear to change the opening of the current status quo. For a positive view on a number of blue chips in the financial sector, analysts at Goldman Sachs in anticipation of the emergence of the quarterly reports of large companies added a good report and forecast for future periods chain restaurants Yum Brands. Joyless for the current consensus on global markets head of the FBI statements Kansas, Thomas Hoenig, who noted that the Fed should begin to tighten its policy sooner rather than later, were, as of Monday, ignored. Those standing in the black American futures did not give reasons for profit-taking after take-off quotations in the previous days. And in commodity markets residual optimism kept the quotes have been sustained, despite the strengthening U.S. currency began. As oil prices helped support the report of the API, which witnessed a decline of black gold reserves on the basis of the previous week.

At such external background bulls, without hesitation, immediately took steps off the bat. Without any serious effort has been completed by 1,223 points - a maximum of the last two weeks, and then under the influence of technical factors paved the way to 1241 points, relevant to the previous day from the beginning of the summit. It is here, and a struggle. Bears, the position of the scapula in the previous session, realize that they have something to fight. After all, in the case of putting this line can be realized the height of the flag, which was formed in mid-September, and from whom he now held out upwards. Bulls are also not going to miss the victory from the hands, because if they do not get this line, in this case, their aspirations to see the market for at least another 6% increase from the current at that time values may melt.

At first counterattack bears had been captured after a failed attempt at European stock markets to go lower. However, a slight advantage, remained in bull in the afternoon started to melt.Undermine macroeconomic data for Europe, which prompted yet most of the players to take profits. Thus, industrial orders in Germany were mixed, and the final assessment Eurozone GDP (-0.2% /K) was worse than the review of the original estimate (-0.1% /K). With the weakening of the recommendations on the shares of several European companies and their conflicting reports for the II quarter, European stock indexes still left in the negative zone, which pushed through the MICEX index below the key 1,241 mark at the point where the end of the session, he could no longer returned. Opening of tenders in the U.S. has not given clear signals to those who up to the day can win up there. Also out of oil and petroleum products from the Ministry of Energy, the U.S., which did not confirm the favorable figures API. Higher growth stocks of gasoline, rather than less high reduction of oil reserves has attracted more attention, which contributed to maintenance of oil prices on the sort of WTI below the level of $ 71/barr.

For the most liquid securities and sectors have been no unified dynamics. Slightly better looked Polyus Gold shares (0.78%) due to a new record in the prices of yellow metal. But profit-taking in yesterday's leader - CMI (-1.64%), NLMK (-2.44%) and a negative contribution of shares of MMC Norilsk Nickel (-0.67%) led to the fact that the steel sector Micex MM (-0.57%) up to the day lost weight.

In the oil and gas sector (Micex OG 0.65%) buyers dominated the actions of Gazprom Neft (2.71%) and Surgutneftegaz (obyk. 1.72%, scion. 1.51%) on them after the recent upgrades by analysts of investment banks. Holders of shares of Gazprom (-0.54%) were somewhat concerned about the uncertainty regarding the possible start of deliveries of Turkmen gas, which can worsen the financial position of the gas monopoly.

In the financial sector (Micex FNL 0.65%) shares of VTB (0%) overclock to new highs, but could not stay there. In contrast to the VTB in Sberbank ordinary shares (2.05%) was more stable growth. But his prefecture (0.26%) repeated the fate of their opponents.

look at today's market:

The American stock market (DJIA -0.08%, SP 500 0.27%) after a confident reconstruction of the previous two days, as most stock markets in the world, decided to take a timeout. The first quarterly reports from Yum Brands, Monsanto and Costco more pleased than disappointed. Nevertheless, until the results of unrestrained desire to buy Alcoa declined, resulting in the market turned volatile in the lateral drift. There was some support was increasing fair prices and recommendations on securities Bank of America, Wells Fargo, Google and Coca-Cola. After completion of trades reported back Alcoa. Earnings per share (with expectations in 4G-9C), and sales exceeded market expectations, as reflected soaring capitalization aluminum giant by 5.7%. Futures on the U.S. indices (SP 500 0.57%) on Thursday morning signal the increasing optimism in anticipation of the opening spot.

However, investors in Asian stock markets (Nikkei 225 0.18%, Hang Seng 0.39%, BSE 30 0.25%) reacted cautiously to a good start of the season of corporate reports in the U.S.. After the opening of the high in general there is parity of buyers and sellers. Stock market leader in Australia's region after the pleasant surprise of data on the number of jobs created and unemployment. Stock market in Japan is under pressure because of the yen strengthens.

At the international currency market the dollar lost all won on the eve of the position (EUR /USD 1.452), which pushes up raw quotes. Prices of gold ($ 1053.2/untsiyu) updated the record oil prices (WTI $ 70.38) recovering moderately negative data on the stocks of the Ministry of Energy, USA.

Thus, before the opening of Russia's stock market on Thursday morning, put all the prerequisites for re-testing abroad in 1241, para. After opening with a gap up at least 0.5% bears again will not sweet. An increase yesterday, the volume and the formation of a candle tombstone as a result of the day are signs of a possible reversal, which, however, bears its claim to intercept the initiative in their hands should be acknowledged. And this will problem. Good quarterly results Alcoa set an optimistic tone regarding the continuation of corporate reporting season (today will report Marriott International and PepsiCo). Yesterday after the drawdown of oil stocks data from the Ministry of Energy, the U.S. did not shake the position of oil and gas sector on Wall Street. The current weakening of the U.S. currency could continue to work on strengthening Russia's currency and further increase the cost of raw materials that will be beneficial way to affect the dynamics of Russia's stock market. Risk is a weekly report on the Ministry of Labor the number of applications for unemployment benefits (16-30). At the same time by making the Bank of England (15-00) and ECB (15-45) and the press conference, ECB head Jean-Claude Trichet of surprises await hardly worth it. By the end of auction (18-00) are known data on stocks of wholesale stores in the United States. The most powerful position can have on today's trading action Polyus Gold and Norilsk Nickel. Filing of-day overseas in 1241 point to bear , to realize the height of the flag, which was formed in mid-September, and from which held out upwards. Bulls will not be sorry for his opponents, because if they do not get this line, in this case, their aspirations to see the market for at least another 6% increase from the current at that time values may melt.

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