External background at the opening of Russia”s market is moderately negative. Japanese Nikkei fell 0.83%. Chinese Shanghai Composite adds 0.16%. London Brent traded at a mark of $ 76.8 for the March contract. Currency pair EUR /USD is trading at 1.44. Futures on the U.S. S P500 moderately adds 0.25%.
Today, we expect to see the opening of trading near yesterday”s closing levels, because of mixed external factors, namely, a moderate decrease in prices for oil futures and the dollar weakened on the major currency pairs. Further dynamics of bidding will be determined by the situation in the western trading floors, where at 12:30 and 13:00 Moscow time went Consumer Price Index in the UK and the institute ZEW index in the economic sphere, for Germany and EU, respectively. Factor for continued growth was the influx of liquidity in the domestic exchanges and favorable growth prospects for steel sector and a number of second-tier companies. After lunch, the market will be possible to release reporting Citigroup, and which will form the basic dynamics of the movement of stock and commodity markets. In general, we expect the upward momentum in the first half of trading session on the MICEX index, changing the most likely profit-taking after reporting Citigroup in the second.
On Monday, Russia”s stock market once again updated the highs, after opening with a drawdown of 0.5% MICEX confidently went to storm new heights. As a result, the MICEX index rose by 1.85%. The occasion served to increase favorable corporate news from western Europe and a rebound in commodity prices and “black gold”, after a significant drop on Friday. In addition, a number of favorable factors of Russian business has provided additional support to the market, because lower rates on deposits of Sberbank, was the new driver of growth for quotations Bank, which also supported the market. In general, better than the market looked Paper metallurgical sector.
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