The Russian stock market on Thursday has again not been able to hold above 1100 points on MICEX due to weak data on U.S. economy. As a result of trades on the RTS index fell 0.96% to 1083.79 points and the MICEX index rose by 0.72% to 1092.0 points. Activities of bidders that was again significantly above the average for the last time levels: the volume of trades on the MICEX reached 93.94 billion rubles.
Trades on Thursday reopened the increase of quotations on the MICEX, despite mixed external background. As a consequence, build on the success of the market was unable to mid-day the market is back to levels of the closure environment. In the afternoon, the MICEX index has made yet another attempt to gain above 1100 points. Support for the market with the outcome of the meetings have provided the Bank of England and the ECB. Especially the positive reaction of the market was the decision of the Bank of England to expand the program of redemption gosobligatsy 50 billion to 175 billion pounds
Freeze above 1100 points MICEX index, however, has failed again. 16:30 left in the data showed decline in the number of applications for unemployment benefits, but the total number of unemployed people with proven higher than expected market.
The second day of Russian players have burnt to try to break the resistance in the region of 1100 points on the MICEX, with no reinforcements in the form of strong macroeconomic data. Today, too, one can not exclude such an attempt, especially since the ambient background remains neutral and does not demonstrate a significant deterioration. The main event of the day will be the labor market statistics from the United States. The unemployment problem in the States is one of the most acute, which was confirmed by data from ADP on Tuesday and yesterday's data (in spite of the decline in the number of primary applications for unemployment benefits, the total number of unemployed was higher than expected market). In such conditions is likely that today's figures will also be worse than expectations, so we recommend that you do not open the morning of long positions.
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The course is declining dollar on Friday in anticipation of unemployment in the United States
Shares in the Asia-Pacific desheveyut Friday on fears of excessive growth of quotations
In the case of a negative reaction of investors to the statistics of the United States can be a final turn down the Russian market
Toward the middle of the session, Russian indexes, together with the global markets could turn sluggish in standby
Today, interest in data on unemployment in the United States in July, which is estimated to reach a maximum in the last 26 years
Quotations Russian currency remained close to significant levels of resistance, which limits their potential for growth in the short term
Current price levels in world stock and commodity markets suggest a higher assessment of Russian shares
Technically, for the continued growth in the Russian market of the MICEX index needed to gain a point above 1110 points
The level of support today for an urgent appointment at RTS index - 105 of 300 items