Sufficient oversold market in Russia restricts the possibility of lowering

Russia

share platforms USA continued borrowed before world markets tended to decrease in response to continuing fears that the global rally much faster than the real growth and future prospects. Continuing bearish divergence on the daily chart between the top of Stochastic oscillator and the top market for the Dow Jones continues to testify in favor of the downward momentum. Shares Freeport-McMoRan Copper Gold Inc. and Exxon Mobil Corp. under pressure from the sales after the price of copper has decreased to minimum levels of the past two months, and the price of oil has once again dropped below $ 70 a barrel. Equities American International Group Inc. became leaders of decrease in the SP 500 index calculation on the background of increased concerns about undeserved overvalued shares.

In Russia market, after falling the previous day in the morning is likely to continue sideways trend with a tendency to fall. Nevertheless, sufficient oversold on the hourly scale limits the possibility to decrease, creating a situation where we can not grow, but do not want to fall. This trend is likely to continue up until the second half of the trading day, when members of domestic and European markets will take into account the opening of the trading session in the United States and the subsequent yield rate of business activity in the manufacturing sector and data on the housing market.

Europe

European stock markets declined on the basis of trading Monday after the stock exchanges in China and the United States. Pan-European index of blue chip FTSEurofirst 300 dropped to 0.64 per cent to 972.05 points. In August, indicative European index added 4.7 percent, and from 9 March, when it was renovated historic low - more than 50 percent. In the banking sector, the paper BNP Paribas, Banco Santander, Deutsche Bank, Intesa Sanpaolo, Societe Generale and UniCredit fell 1,0-2,3 percent. Oil has lost 4 percent and fell below $ 70 a barrel. Quotations Royal Dutch Shell, Total and StatoilHydro sank 0,6-2,9 percent. Shares of China lost 6.7 per cent, in addition, the index slipped below the moving average of 125 days that Chinese investors are used to separate the growing market of the incident. By the time the closing European stock markets fell on U.S. markets 0,9-1,3 percent.


DAX -52.74 -0.96%
CAC40 -39.60 -1.07%

Asia

Asian markets are growing in today's session after the companies technology and mining sectors after the profit performance Hon Hai Precision Industry Co. exceeded the expected projections. Additional support from the industrial production of China, the highest growth over the past 16 months. Rio Tinto Group - the company receives 19% of trading revenue in China, added 2.2% at the auction in Sydney. Bank of China Ltd. - Increased by 3% in Shanghai against the backdrop of Chinese markets rebound after the fall before the day became the most significant decline since June 2008.


NIKKEI 225 37.53 0.36%
HANG SENG INDEX 93.66 0.47%
SHANGHAI SE A SHARE INDX 16.85 0.60%
SHANGHAI SE B SHARE INDX -0.07 -0.04%
KOSPI INDEX 31.21 1.96%

U.S.

U.S. stock market fell on Monday as fears about the global economy impact on Wall Street after the fall of Chinese stocks. Shares of energy companies led the decline, as oil prices fell below $ 70 a barrel because of growing fears about global demand for energy. Quotes Chevron Corp lost 1.1 percent, and Exxon Mobil - 1,4 percent. SP Power index dropped by 1.8 percent. Chinese Shanghai Composite stock index on Monday fell nearly 7 percent, to three-month low amid worries that the Chinese government is trying to temper economic growth and suppresses the speculation in the stock market by restricting bank lending. Despite the negative dynamics in the day, the Dow finished August at 3.5 per cent higher SP 500 index rose 3.4 percent, and Nasdaq index added 1.5 per cent per month.


DJIA -47.92 -0.50%
SP 500 -8.31 -0.81%
NASDAQ COMPOSITE INDEX -19.71 -0.97%
NASDAQ 100 -18.05 -1.10%

Closure Trading ADR GDR in the western areas was of multidirectional nature.


Gazprom 0,27%
Rosneft 0,85%
Surgutneftegaz 1,24%
Norilsk Nickel 0,32%
Rostelecom -1,78%
Gazpromneft -1,96%

Prices are per 1 share

* ratio of closing price of receipts on U.S. exchanges and Europe to the closing price of shares on the MICEX.

Recommendations : From the basic macroeconomic statistics suggest note on the index of business activity in the manufacturing sector in August in the U.S., the construction costs for the same period and pending deal to sell home in July. The data will be published at 18-00 Moscow time.

MICEX (daily chart)

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Analyst Ratings


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