Financial News and Economical Crisis

In the absence of his elder brother, we decided to play up

On Monday, Russia”s stock market demonstrates the strength of inertial movement upwards, received last week. Not fallen, oil prices, or below U.S. indexes are not able to strengthen the position of exchange “bears”. After lunch, the MICEX index adds almost 1,5%, having risen to a mark of 1473 points.

Ignoring external negativity has become the norm in a bull market. All attempts by speculators to push the market significantly lower while hampered by illogical, but the firm resolve of buyers to try to make this year no less than in the past. Fairness, it should be noted that the market is not yet ready to lay in the share price growth potential inflationary risks and the tightening of monetary policy. Although almost all the players are waiting for the growing influence of these factors towards the end of the year.

In a volatile oil prices, investors are shifting focus basket of stocks, not dependent on the energy market. Today woke up interest in the shares of MTS (3.4%). Bad traded securities of MMC Norilsk Nickel (1.5%) on the background of rising prices in the market of industrial metals (copper $ 7500 /t, nickel $ 18690 /t). Company”s steel industry, led by Severstal (6.8%) continue to conquer new annual highs.

On the background of the low free float, shares of Sberbank (2.2%) also continue to climb, bargaining above level 90 rub. per share. Recall that in the middle of this week accountable largest U.S. banks Citigroup (January 19), Bank of America and Wells Fargo (January 20), Goldman Sachs (21 January).

Given the fact that today the U.S. stock markets closed for holiday (Martin Luther King Day), we have a chance to rearrange their stock quotes and indices to higher levels. While this is more like a vanity to create investment portfolios this year, basing more on the personal expectations of the players than adequate fundamentals. Whatever it was, but miss a good upward movement we want, soe53reserve position in the securities of the second echelon, purchased last year.

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As a result, the daily growth of the MICEX index was released to regular local maxima