If the reports of U.S. companies and statistics will be better than expectations, Russia”s market may be close to positive territory

China spoiled the mood in the markets

Today, trading on the Russian sites have opened lower quotations on the background of the fall of the Chinese market, which underpinned a strengthening of sales and allowed the market to correct yesterday”s growth. However, in the future, the market could play a morning decline and return to levels close Tuesday. Marketable securities traded in different direction. As leaders o1000f growth Lukoil and VTB be added 0,9% and 0,8% respectively. On the negative territory traded shares of OGK-5 (-2.6%) and prefecture Rostelecom (-1.8%). By 14.30 the MICEX index lost 0,07%, down to the level of 1483 points

All of a positive recovery in oil prices and the growth of American sites, which could support the “bulls” and allow them to continue their upward momentum, blocked the negative dynamics of the China market, which today has lost about 3%. As a result, the opening of Russia”s ground faced a wave of sales, which took away quotes on the negative territory. However, the bulls quickly seized the initiative and were able to return to the levels of the MICEX index closed the previous day, after which the market moved in a lateral movement.

In the future dynamics of the market will rely on the statements of U.S. companies for the fourth quarter, where it is worth noting reports Bank of America, Morgan Stanley and Wells Fargo. Also, players will draw attention to the macroeconomic statistics, which are now expected data on producer price index (PPI, expected 0%, the previous value of 1.8%), the number of bookmarks of new houses (Housing Starts, expected 575 thousand, the previous value of 574 thousand) and construction permits (Building Permits, expected 580 thousand, the previous value of 584 thousand). In case reports and statistics will be better than expectations, they can finally close the Chinese negative, and allow Russia”s market close on positive territory.

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