Flight of the dollar helps to restore the markets after yesterday's sales, the leaders of growth once again banks

 

market confidence restored after yesterday's fall. Intensified last night and will continue today with a vengeance flight of investors from the U.S. currency has led to a rapid rise in commodity and stock markets. U.S. dollar since the previous evening fell against a basket of currencies by more than 1%, oil and gold rose by 1.5%, European stock indexes add 0.9-1.3%. As a consequence, the wave swept the world market purchases on the MICEX index, we have almost completely played yesterday's loss, returning above the 1,200 points. At the same time shares of banks - VTB and Sberbank, which grew more than 5% - remain unconditional leaders of the market, attracting the attention of both speculators and more conservative investors. The first find in them the most liquid instruments for short-term operations in conditions of high volatility, the latter - react to the ongoing upgrade of investment houses shares of the Bank. Given that sell shares of banks in such circumstances does not want a lot, all the drawdown of quotations generated through the opening of shorts, he quickly redeemed themselves as shortistami. Similar situation in other liquid securities - Gazprom and GMK Nornickel.

We recommend not to get involved in the power of the observed rebound upward. Now on MICEX we played only a 50% fall from peak last week. And the key to making the U.S. Federal Reserve and the Greater Twenties to strengthen their long positions do not recommend, limited only intraday speculation with the most popular chips . News background remains unsaturated. Receives only two pieces of news - about the upcoming visit of Putin and heads of major Western oil companies on the Yamal (possible positive for Gazprom and NOVATEK) and the sale of the controlling shareholder of LSR 4.5% stake in the market to increase liquidity. And it is worth noting that what happened placement of shares will not adversely affect market quotes developer, but on the contrary, increased the interest in them. The current growth in their quotations at 14% on the MICEX speaks for itself.

At 18.00 Moscow time waiting for data on the index, home prices in the U.S. (projected 0.5% the previous month), but it is unlikely they will be a surprise. Recovering property market goes with the month of May, so the positive dynamics of this indicator is not in doubt.

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