On Wednesday, the Russian stock market managed to implement a technical rebound up and consolidate a little below the 1000 points on both indices. But the strong progress of the top did not work - energy prices are not entirely positive macroeconomic statistics in the United States is not likely to have a steady and strong growth. RTS Index grew by 2.8% to 959.18 points. MICEX Index has shown much greater momentum, rising to 7.4% to 984.86 points. Trading volume decreased, but remained above the average values over the past few days.
European and U.S. indices had grown up moderately, although growth rates were not too high. Investors are pleased the Fed statement on the state of the American economy. In addition to this food for thought continues to deliver the IMF, which increased its forecast for GDP growth of Australia. Similarly, Korea has published data that are waiting to improve their forecast of GDP this year.
slight pressure on the market was provided to the outcome of the Fed meeting on interest rates. The key discount rate was left unchanged (range 0-0.25%), whereas expectations of quantitative expansion of the program to mitigate did not come true - the Fed has no plans to expand the purchase of bonds on the open market. This comment led to a moderately negative reaction of investors and U.S. securities has fast ice, close to the level of opening. Prices for WTI crude oil after the conflicting data on the stocks of the Ministry being held near the United States notes in the $ 68.5/barrel (it was reported nearly 3 million reduction of reserves of oil and the corresponding increase in gasoline stocks - all this against a background of high avtosezona and the expected high demand for gasoline).
At the Asian stock sites observed positive dynamics, the markets show growth within 1%.
The opening bid on the Russian stock market today may be held in the neutral zone, or with moderate gepom down. Crude oil traded lower at the opening of yesterday's levels, lowering the IMF forecast on GDP growth in Russia this year, the negative trend in the markets of industrial metals - are the main drivers, which impede the growth of Russian markets. In addition, the resistance level of 1000 points is strong and when the indices of the mark may be increased sales and efforts to open short positions.
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Analyst Ratings
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Russian indexes on Wednesday to compensate the loss through technical correction
Almost all the «blue chips» traded in «green belt», but the statistics on the United States can deploy down quotes
The forecasts of analysts: In the first half of session, shares of the banking sector will again be in demand
Despite the rebound at the end of trading session, Russian indices closed in «red zone»
The Russian stock market decline continues, in the second half of the day can rebound up
The forecasts of analysts: Basic reason for the growth of the Russian market is not there, but now can be a technical rebound up
The Russian stock market is not ready for a correction, it is unlikely that domestic indexes again in the near future will move toward 900
Data on oil reserves in the United States not inspired on Wednesday quotes black gold on a significant movement
Morning increase in index futures on the S P500 and the rise of Asian sites may outweigh the decline in oil quotes
Upon reaching the MICEX and RTS indices mark the 1000 points on the Russian market could increase sales
On Wednesday, the Russian stock market managed to implement a technical rebound up and consolidate a little below the 1000 points on both indices. But the strong progress of the top did not work - energy prices are not entirely positive macroeconomic statistics in the United States is not likely to have a steady and strong growth. RTS Index grew by 2.8% to 959.18 points. MICEX Index has shown much greater momentum, rising to 7.4% to 984.86 points. Trading volume decreased, but remained above the average values over the past few days.
European and U.S. indices had grown up moderately, although growth rates were not too high. Investors are pleased the Fed statement on the state of the American economy. In addition to this food for thought continues to deliver the IMF, which increased its forecast for GDP growth of Australia. Similarly, Korea has published data that are waiting to improve their forecast of GDP this year.
slight pressure on the market was provided to the outcome of the Fed meeting on interest rates. The key discount rate was left unchanged (range 0-0.25%), whereas expectations of quantitative expansion of the program to mitigate did not come true - the Fed has no plans to expand the purchase of bonds on the open market. This comment led to a moderately negative reaction of investors and U.S. securities has fast ice, close to the level of opening. Prices for WTI crude oil after the conflicting data on the stocks of the Ministry being held near the United States notes in the $ 68.5/barrel (it was reported nearly 3 million reduction of reserves of oil and the corresponding increase in gasoline stocks - all this against a background of high avtosezona and the expected high demand for gasoline).
At the Asian stock sites observed positive dynamics, the markets show growth within 1%.
The opening bid on the Russian stock market today may be held in the neutral zone, or with moderate gepom down. Crude oil traded lower at the opening of yesterday's levels, lowering the IMF forecast on GDP growth in Russia this year, the negative trend in the markets of industrial metals - are the main drivers, which impede the growth of Russian markets. In addition, the resistance level of 1000 points is strong and when the indices of the mark may be increased sales and efforts to open short positions.
Your grade will be the first!
Analyst Ratings
Russian indexes on Wednesday to compensate the loss through technical correction
Almost all the «blue chips» traded in «green belt», but the statistics on the United States can deploy down quotes
The forecasts of analysts: In the first half of session, shares of the banking sector will again be in demand
Despite the rebound at the end of trading session, Russian indices closed in «red zone»
The Russian stock market decline continues, in the second half of the day can rebound up
The forecasts of analysts: Basic reason for the growth of the Russian market is not there, but now can be a technical rebound up
The Russian stock market is not ready for a correction, it is unlikely that domestic indexes again in the near future will move toward 900
Data on oil reserves in the United States not inspired on Wednesday quotes black gold on a significant movement
Morning increase in index futures on the S P500 and the rise of Asian sites may outweigh the decline in oil quotes