Wide outset with the borders of 850-1100 points on the MICEX index seems more likely

What is the force, brother?

Russia

indicators of the state of the Russian stock market havereflected the loss of his part of the capitalization: RTS index collapsed to 3.92%, MICEX index fell by 1.78%. Trading volume continues to grow: the MICEX Stock Exchange Section natorgovala yesterday at 254.8 billion rubles, if you look at the index, the trading amounted to 73.4 billion rubles, the RTS stock exchange turnover amounted to $ 3.1 billion, of which $ 2 billion went to term market instruments.

fight for the bottom of a rising band did not plainly: if morning, bulls even indicate any attempt to resist, then at lunch it was already a feeling that you are at the funeral (and it has significantly increased in the reading material media ). But by evening the situation had changed dramatically: the players remember that oil and world markets as something not very much falls in recent times, and rushed to buy podeshevevshie Russian paper.

Europe

Old World Index grew by an average of 0.5%, despite the generally negative background for the region, but with caution to the positive news from abroad. One has the feeling that the markets do not want to fall for this and suck out all the fingers of the good news.

America

New World Index grew by 0-0,8% after the publication of quite optimistic economic statistics. No problem that these data are mostly emotional, but hard statistics is revised a month later, and not for the better.

raw materials, currency, etc.

Industrial metals at auction in London went up slightly. Gold stands in a narrow range of $ 930-940 - players of this market is closely watching the changes in the value of the dollar, which has not identified himself with the direction of motion (I believe that in the short term, the U.S. currency will go higher).

Oil fairly steadily kept at levels above $ 70: to mark WTI futures traded slightly above $ 72, Brent futures for the brand is worth about $ 71.25.

Statistics and Reporting

Tuesday issued an extremely quiet day for the publication of macroeconomic statistics - go only data of the second-third order, which are unlikely to seriously affect the stock markets.

began in Russia during the annual general meetings of shareholders, but because the registers have closed long ago, and the agenda of assembly are known, I do not expect their significant influence on the dynamics of quotations of securities.

Outlook

I expect that the trading in our stock market will start with a small gap in the top 0.5%, due to external background and the prices of raw materials. According to the established logic of bears may try to close the hole, but confess I am not sure that they get it. Most of my colleagues felt differently …

Our market can not live in isolation from the oil, at least in the medium and long term, as oil does not give reason to assume the development of correction. I do not quite understand the reasons for the rally of recent months, unless it is assumed enormous monetary liquidity, vyplesnuvsheysya on the open market, and I think that some players have overestimated their strength. The problems of the real economy up with old markets up and say their firm. Tune to the resumption of a rising band has not: the situation has changed and the boundaries of several blurred, but a outset with the borders of 850-1100 points on the MICEX index seems more likely.

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