Reducing the cost of purchasing the U.S. currency immediately reflected in the quotations of oil and industrial metals

Gloomy morning and Happy day. What will be the evening?

Neradostnye auction in Asia today, led lower opening of quotations on the Russian stock market. Morning, the MICEX index dropped nearly 1.5%. However, a pending demand for illiquid securities are also brought up the shares at the closing level of the previous day. Then we were supported by European markets, where investors are encouraged to respond to data on PMI in the manufacturing sector and in services eurozone. In August, the figure rose to 50 points from July's 47 points. This will strengthen the euro /dollar Breaks $ 1.4310, and hence is now the single European currency will go to the storming of the resistance 1.4330. Reducing the cost of purchasing the U.S. currency immediately reflected in the quotations of oil and industrial metals. All raised the MICEX index for dinner at 0.95% and the RTS index to 1.95%. Growth would have been even more dramatic if the rate of growth stocks of oil were visible in the remaining segments.

подорожания energy Against the backdrop of the most profitable position, and therefore the interest of exchange of players mentioned in the paper the oil sector: MICEX OG 1,26%. Here today, turning 80% of all stock transactions, while the shares of banks, telecom and energy now frankly bored aside.

evening we can only hope that the day optimistic on European stock exchanges give them to overseas colleagues. By the way, the rate on 3-month loans in London is now 0.39% - this is the minimum level for the past 1.5 years. Cheap money continues to drive the stock exchange quotations assets above all, clinging to any positive and ignoring the negative. Today, July 18-00 went on sale on the secondary market (NAR) (projection: 5 million). If they do not, we will see positive, would be expected to give it to us today by the Fed heads of Ben Bernanke, scheduled for 18-00 Moscow time. In other words the players are ready to buy, you need only a pretext.

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