As a result of trades on Thursday, the Russian stock market has not availed himself of the temporary improvement in the external background, did not manage to escape from the orbit of the impact of minimum marks in June. RTS prosel at 0.54% to 884.94 points, the index of the MICEX - to 0.93% to 896.2 points. Trading volume decreased slightly.
opened the season in the U.S. corporate reporting with reporting Alcoa gave an encouraging signal to investors around the world for future publications of other companies. Loss per share excluding one-manufacturer of aluminum was 26 cents, with expectations of 38 cents. Getting injections cheerfulness helped restore some interest in risky assets, so the morning of Thursday the Russian stock market seen in the moderately optimistic view. Initiate technical rebound up certain addition to the start of the trading in Europe and contributed to the situation in the oil market, where, after achieving a significant milestone in the $ 60/barr. for class WTI, lowering the eight days in succession and the weakening U.S. dollar has created the preconditions for correcting the situation.
The desire to compensate for the dramatic failure of the quotations on the eve of the leading securities have been modest because of the short the market participants to go slowly, paying attention to the current technical picture for the SP 500 index, where the quotes were balancing on the neck formation head-shoulders , which could result in the acceleration of traffic down at any moment. Therefore, first appeared negative was met by a new portion of the sales. The Bank of England, as expected, left interest rates at a minimal level in the history of observations, but not approved of the exchange of players, count on an increase of quantitative mitigation. Undermined the moderate optimism in the market and American retailers, whose June sales results due to bad weather and the draft shown to the savings of Americans have worse prognosis.
broke situation volunteered data on the U.S. labor market, left ambivalent impression. On the one hand the number of initial applications for unemployment benefits dropped to minimum values in January, indicating that the peak of the process of freeing the American companies from the ballast, it seems, had already passed. On the other hand the number of secondary applications for unemployment benefits once again updated the record, that was an unpleasant surprise for those who do not leave hopes that the pace of economic recovery will be more than moderate.
The existing all the same positive response to the data on the Russian stock market to the final bid was estimated defiant counterattack bears in the oil market on its position vis-à-vis a point in $ 60/barr. and delete the quotes in early trades on Wall Street. As a result, the MICEX index not only wiped out all that we had it, plus, but was forced to cling to a minimum level of the previous day (896 points).
Shares of oil and gas sector (Micex OG -1.24%), on which to place bets at the beginning of the trading in mind the current scenario of the trading in the energy market, have not been able to demonstrate better the dynamics of the market. Shares of Gazprom cheaper at 1.03%, far surpassing industry opponents not in spite of the information on the Government of Ukraine has increased the authorized capital of Naftogaz Ukrainy, which suggests that the recurrence of such a gas crisis in January will not be. In addition, there were rumors that the lobbyists were able to make natural gas monopoly that the Government of the Russian Federation will not raise NDPI for gas.
Report Alcoa has had a positive effect on the dynamics of non-ferrous metals producers. Shares GMK Norilsk Nickel (-1.14%) in contrast to Polyus Gold shares (-0.02%) and Polymetal (0.25%) were susceptible to the deterioration of the situation in the market at the end of the trading that is not outweighed the negative contribution of the representatives of the steel industry and contributed to lowering the index Micex MM at 1.12%.
financial sector (Micex FNL -0.29%) gave the sustainability of the positive dynamics of shares of banks in the western areas, after increasing the Bank of America analysts rating the shares Goldman Sachs to buy. Ordinary shares of Sberbank cheaper at 0.39%, its prefy - at 1.74%, VTB shares - at 1.49%.
Once again, significant losses were recorded in the shares of Energy (MicexPWR -2.95%), where the role of an outsider among the main liquid chip has moved from Rusgidro (0.34%) to FGC UES (-6.69%)
Looking at this market:
broad market index SP 500 (0.35%) completed the volatile session in positive territory. Quarterly Report Alcoa, proved to be the best forecasts are not put at the beginning of recovery of demand U.S. action. Market participants chose not to make sudden movements, waiting for the following records for a more holistic picture. Kills purchasing activity and the Treasury held an auction to place a 10-year notes, demand for which has been slightly worse than in the previous auction, as well as weak sales results for retailers in June, reflecting the problems with consumer demand. Shares of the financial sector grew after the recommendations of analysts Bank of America to buy shares of Goldman Sachs shares and mining companies, after crude oil prices managed to hold above the mark at $ 60/barr. Sales were observed in addition to retailers in the shares of pharmaceutical companies against the background of downward Natixis recommendation on shares of Merck. Futures on the U.S. indices on Friday to a large extent, levels the positive effect of closing the stock market (SP 500 -0.28%).
At the Asian stock markets at the end of the week remains apathy to the commission of trading - slightly indexes fluctuate around the neutral mark (MSCI Asia Pacific 0.1%). In the negative area is located and Korean Kospi, despite improvements in forecasting the prospects of the economy the government. The decline of capitalization is from shipowners on expectations falling freight rates, growth - in the shares of mining and oil and gas companies to stabilize commodity markets. Oil prices mark WTI on Friday morning at the level of $ 60.3/barr.
Thus, the opening of the Russian stock market on Friday, is seen near the previous day's closing level with further attempts to reach a minimum in June (882 points) on the MICEX index. Yesterday demonstrated that the active bidders until you intend to record profits on short positions. Do not expect this, at least, and in the morning today. Futures on the SP 500 index is still negative scenario does not preclude the implementation of the model head-shoulders , which will dominates the market all day. Given the prospects for expansion lay in the trade deficit the United States (16-30 Moscow time) and the reluctance of oil quotations disengage meaningful milestone in the $ 60/barr. emerging picture is not yet a cause for optimism. The index of consumer confidence, expected in 17-55 Moscow time, can not meet the expectations of analysts. Thus, the preponderance of forces to be expected on the side of bears, and the outcome of the day and perhaps the mood for a whole week ahead will set the beginning of the trading in the United States and response to macroeconomic data.
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Analyst Ratings
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A number of key indicators for the market came to its level of support that gives hope to reduce the suspension of shares
Among the blue chip shares in the largest red FGC (-5%) and prefy Sberbank (-3.4%), in the black, Rosneft (0.6%)
Oil prices and the index of the MICEX balance in the region of significant levels of support, which could provoke a breakdown of sales
If the United States reporting companies will not be worse than forecasts, the Russian market will be the potential for growth
It is possible that by the middle of the day, buyers returned to the Russian market
Go 100% stake in TGK-11 under the control of Inter RAO is a positive development for TGK-11
The growth potential of the top of the MICEX index has restricted levels of 920-930 points
Today, the Russian markets have a chance to go lower than 880 points on the MICEX index
Power machines produced and shipped a unique hydraulic equipment for Boguchanskaya HPP
Publication of the index of consumer confidence in the United States can not meet the expectations of analysts
As a result of trades on Thursday, the Russian stock market has not availed himself of the temporary improvement in the external background, did not manage to escape from the orbit of the impact of minimum marks in June. RTS prosel at 0.54% to 884.94 points, the index of the MICEX - to 0.93% to 896.2 points. Trading volume decreased slightly.
opened the season in the U.S. corporate reporting with reporting Alcoa gave an encouraging signal to investors around the world for future publications of other companies. Loss per share excluding one-manufacturer of aluminum was 26 cents, with expectations of 38 cents. Getting injections cheerfulness helped restore some interest in risky assets, so the morning of Thursday the Russian stock market seen in the moderately optimistic view. Initiate technical rebound up certain addition to the start of the trading in Europe and contributed to the situation in the oil market, where, after achieving a significant milestone in the $ 60/barr. for class WTI, lowering the eight days in succession and the weakening U.S. dollar has created the preconditions for correcting the situation.
The desire to compensate for the dramatic failure of the quotations on the eve of the leading securities have been modest because of the short the market participants to go slowly, paying attention to the current technical picture for the SP 500 index, where the quotes were balancing on the neck formation head-shoulders , which could result in the acceleration of traffic down at any moment. Therefore, first appeared negative was met by a new portion of the sales. The Bank of England, as expected, left interest rates at a minimal level in the history of observations, but not approved of the exchange of players, count on an increase of quantitative mitigation. Undermined the moderate optimism in the market and American retailers, whose June sales results due to bad weather and the draft shown to the savings of Americans have worse prognosis.
broke situation volunteered data on the U.S. labor market, left ambivalent impression. On the one hand the number of initial applications for unemployment benefits dropped to minimum values in January, indicating that the peak of the process of freeing the American companies from the ballast, it seems, had already passed. On the other hand the number of secondary applications for unemployment benefits once again updated the record, that was an unpleasant surprise for those who do not leave hopes that the pace of economic recovery will be more than moderate.
The existing all the same positive response to the data on the Russian stock market to the final bid was estimated defiant counterattack bears in the oil market on its position vis-à-vis a point in $ 60/barr. and delete the quotes in early trades on Wall Street. As a result, the MICEX index not only wiped out all that we had it, plus, but was forced to cling to a minimum level of the previous day (896 points).
Shares of oil and gas sector (Micex OG -1.24%), on which to place bets at the beginning of the trading in mind the current scenario of the trading in the energy market, have not been able to demonstrate better the dynamics of the market. Shares of Gazprom cheaper at 1.03%, far surpassing industry opponents not in spite of the information on the Government of Ukraine has increased the authorized capital of Naftogaz Ukrainy, which suggests that the recurrence of such a gas crisis in January will not be. In addition, there were rumors that the lobbyists were able to make natural gas monopoly that the Government of the Russian Federation will not raise NDPI for gas.
Report Alcoa has had a positive effect on the dynamics of non-ferrous metals producers. Shares GMK Norilsk Nickel (-1.14%) in contrast to Polyus Gold shares (-0.02%) and Polymetal (0.25%) were susceptible to the deterioration of the situation in the market at the end of the trading that is not outweighed the negative contribution of the representatives of the steel industry and contributed to lowering the index Micex MM at 1.12%.
financial sector (Micex FNL -0.29%) gave the sustainability of the positive dynamics of shares of banks in the western areas, after increasing the Bank of America analysts rating the shares Goldman Sachs to buy. Ordinary shares of Sberbank cheaper at 0.39%, its prefy - at 1.74%, VTB shares - at 1.49%.
Once again, significant losses were recorded in the shares of Energy (MicexPWR -2.95%), where the role of an outsider among the main liquid chip has moved from Rusgidro (0.34%) to FGC UES (-6.69%)
Looking at this market:
broad market index SP 500 (0.35%) completed the volatile session in positive territory. Quarterly Report Alcoa, proved to be the best forecasts are not put at the beginning of recovery of demand U.S. action. Market participants chose not to make sudden movements, waiting for the following records for a more holistic picture. Kills purchasing activity and the Treasury held an auction to place a 10-year notes, demand for which has been slightly worse than in the previous auction, as well as weak sales results for retailers in June, reflecting the problems with consumer demand. Shares of the financial sector grew after the recommendations of analysts Bank of America to buy shares of Goldman Sachs shares and mining companies, after crude oil prices managed to hold above the mark at $ 60/barr. Sales were observed in addition to retailers in the shares of pharmaceutical companies against the background of downward Natixis recommendation on shares of Merck. Futures on the U.S. indices on Friday to a large extent, levels the positive effect of closing the stock market (SP 500 -0.28%).
At the Asian stock markets at the end of the week remains apathy to the commission of trading - slightly indexes fluctuate around the neutral mark (MSCI Asia Pacific 0.1%). In the negative area is located and Korean Kospi, despite improvements in forecasting the prospects of the economy the government. The decline of capitalization is from shipowners on expectations falling freight rates, growth - in the shares of mining and oil and gas companies to stabilize commodity markets. Oil prices mark WTI on Friday morning at the level of $ 60.3/barr.
Thus, the opening of the Russian stock market on Friday, is seen near the previous day's closing level with further attempts to reach a minimum in June (882 points) on the MICEX index. Yesterday demonstrated that the active bidders until you intend to record profits on short positions. Do not expect this, at least, and in the morning today. Futures on the SP 500 index is still negative scenario does not preclude the implementation of the model head-shoulders , which will dominates the market all day. Given the prospects for expansion lay in the trade deficit the United States (16-30 Moscow time) and the reluctance of oil quotations disengage meaningful milestone in the $ 60/barr. emerging picture is not yet a cause for optimism. The index of consumer confidence, expected in 17-55 Moscow time, can not meet the expectations of analysts. Thus, the preponderance of forces to be expected on the side of bears, and the outcome of the day and perhaps the mood for a whole week ahead will set the beginning of the trading in the United States and response to macroeconomic data.
3 users rated material at 4,3.
Analyst Ratings
A number of key indicators for the market came to its level of support that gives hope to reduce the suspension of shares
Among the blue chip shares in the largest red FGC (-5%) and prefy Sberbank (-3.4%), in the black, Rosneft (0.6%)
Oil prices and the index of the MICEX balance in the region of significant levels of support, which could provoke a breakdown of sales
If the United States reporting companies will not be worse than forecasts, the Russian market will be the potential for growth
It is possible that by the middle of the day, buyers returned to the Russian market
Go 100% stake in TGK-11 under the control of Inter RAO is a positive development for TGK-11
The growth potential of the top of the MICEX index has restricted levels of 920-930 points
Today, the Russian markets have a chance to go lower than 880 points on the MICEX index
Power machines produced and shipped a unique hydraulic equipment for Boguchanskaya HPP