Russian site began the week of positive momentum. Bulls at the opening of tenders on Monday could lead to new markets for local maxima, then the market moved in the lateral dynamics at the level of 1050 on the MICEX index. External background in oil quotes and the western areas, which supported the Russian market at the opening, closer to the closure took it to the correction. Despite the withdrawal of positive data on sales of new homes in the United States for June (New Home Sales, the fact of 384 thousand, the expected 352 thousand), followed by decline in U.S. indices, our site began to be corrected. As a result, the market finished the day better Tatneft and Uralsvyazinform added 4,62% and 3,52% respectively. Worse than the market finished the day the paper Lukoil (-1.35%), OGK-5 (-0.59%) and Norilsk Nickel (-0.22%). At the end of the trading the MICEX index gained 0.9%, ending the day at 1036.27.
The U.S. markets had a day of sideways movement from the previous day's closing levels. All attempts to start a movement aimed at one of the parties ended inconclusively. As a result, Dow Jones Indexes and the NASDAQ added 0.17% and 0.1% respectively, S P500 index rose by 0.3%. At the morning session, the index futures on the S P500 also shows the lateral momentum and traded at 9.40 to the level of 980 points.
energy market demonstrates consolidation reached a local maximum on a background of high volatility. At the morning session, oil futures mark Brent finished Monday trading at the level of 70.7 dollars per barrel, after which, at the morning session, he tries to overcome the 71 dollar level. By 9.50 the contract price is 70.9 $ /barrel.
Today, we expect a positive opening for our market. Restoration of overseas sites, would bulls to play yesterday's market correction and return to the level of 1050 on the MICEX index, then, perhaps, the market will move in the lateral movement at this level. In the absence of domestic ideas of the players will continue to closely monitor the macroeconomic data and accounting of American companies.
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Analyst Ratings
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An essential demand in today's auction will again benefit the individual paper second tier
From the standpoint of the fundamental factors at the current prices of raw material a fair level for the RTS index is a corridor of 1300-1500 points
Exit the September futures on the RTS index lower than 102 400 open the door down now to 100 000
The desire to buy the players can trigger levels of the closure of Russian ADRs in the United States, the positive dynamics of futures on the blue chips and the RTS index
The main reason for the positive opening of the Russian market will be the return of oil to the mark in the $ 71
The market opens from yesterday's closing level, which leaves space for the bulls and for bears
The growth of the capitalization of Asian steel companies able to support the actions of domestic metallurgists
Today the Russian market is expected to open with gepom down on the RTS index in 0,4-0,5%
Following Monday MICEX index value of 1036.27 point, which is 0.91% above the closing level of the previous trading day
At the opening of the Russian sites bulls will try to win back the level of 1050 points on the MICEX index
Russian site began the week of positive momentum. Bulls at the opening of tenders on Monday could lead to new markets for local maxima, then the market moved in the lateral dynamics at the level of 1050 on the MICEX index. External background in oil quotes and the western areas, which supported the Russian market at the opening, closer to the closure took it to the correction. Despite the withdrawal of positive data on sales of new homes in the United States for June (New Home Sales, the fact of 384 thousand, the expected 352 thousand), followed by decline in U.S. indices, our site began to be corrected. As a result, the market finished the day better Tatneft and Uralsvyazinform added 4,62% and 3,52% respectively. Worse than the market finished the day the paper Lukoil (-1.35%), OGK-5 (-0.59%) and Norilsk Nickel (-0.22%). At the end of the trading the MICEX index gained 0.9%, ending the day at 1036.27.
The U.S. markets had a day of sideways movement from the previous day's closing levels. All attempts to start a movement aimed at one of the parties ended inconclusively. As a result, Dow Jones Indexes and the NASDAQ added 0.17% and 0.1% respectively, S P500 index rose by 0.3%. At the morning session, the index futures on the S P500 also shows the lateral momentum and traded at 9.40 to the level of 980 points.
energy market demonstrates consolidation reached a local maximum on a background of high volatility. At the morning session, oil futures mark Brent finished Monday trading at the level of 70.7 dollars per barrel, after which, at the morning session, he tries to overcome the 71 dollar level. By 9.50 the contract price is 70.9 $ /barrel.
Today, we expect a positive opening for our market. Restoration of overseas sites, would bulls to play yesterday's market correction and return to the level of 1050 on the MICEX index, then, perhaps, the market will move in the lateral movement at this level. In the absence of domestic ideas of the players will continue to closely monitor the macroeconomic data and accounting of American companies.
Your grade will be the first!
Analyst Ratings
An essential demand in today's auction will again benefit the individual paper second tier
From the standpoint of the fundamental factors at the current prices of raw material a fair level for the RTS index is a corridor of 1300-1500 points
Exit the September futures on the RTS index lower than 102 400 open the door down now to 100 000
The desire to buy the players can trigger levels of the closure of Russian ADRs in the United States, the positive dynamics of futures on the blue chips and the RTS index
The main reason for the positive opening of the Russian market will be the return of oil to the mark in the $ 71
The market opens from yesterday's closing level, which leaves space for the bulls and for bears
The growth of the capitalization of Asian steel companies able to support the actions of domestic metallurgists
Today the Russian market is expected to open with gepom down on the RTS index in 0,4-0,5%
Following Monday MICEX index value of 1036.27 point, which is 0.91% above the closing level of the previous trading day