Financial News and Economical Crisis

The flight to the upper boundary of the uplink on the MICEX index continues. The volume of trades is also growing - a negative signal, indicating that the stop of growth, perhaps already not far off. Moreover, the growth looks increasingly artificial and irrational, and the value of 1.357 on the MICEX index quite high, again close to a significant level of resistance. The engine is the market yesterday were shares of Gazprom and Norilsk Nickel: as we expected in the morning, on these papers recalled speculators and investors. As a result, Gazprom added to the cost of 6,24%, overtaking on the turnover shares of Sberbank, which is not often the case in recent days, and Norilsk Nickel added 5,24%.

Of the other papers particularly interesting to note the situation in the second echelon: first of all, remarkable significant growth stocks of all the WGC, of which 30,60% crushed OGK-5. Apparently, these papers caught up with TGC, which were able to significantly rebound from the lows, as shown after the correction of 2008. In addition, it is worth noting an interesting situation in preferred shares of regional telecom, accompanied by a rise preferred shares Uralsvyazinform and the simultaneous fall of the preferred shares, other MRCs.

In addition, the development of the story gets around AvtoVAZ: net loss for the company I half-year amounted to 19.36 billion rubles. with the growth of costs. Thus, the black hole continues to grow in size and amount needed help grow exponentially. At the same time alarming the clear intention to hang help the plant to the state-owned banks - Sberbank and VTB - for them such pressure is unlikely to be useful and could adversely affect profits.

As for the market as a whole, we are more afraid of corrective movement down - although such a movement, of course, need a reason to news, which has not yet observed.

Today

Leading global markets rose on Monday: German DAX 1,25%, Britain's FTSE 0,94%, DJIA 0,08%. Asian markets this morning are growing, while Japanese Nikkei225 shows 0,60%. S P500 futures fall to -0.07%.

Pair EUR /USD is in the € /$ 1,4778, and USD /JPY - in $ /#165; 90,05. Gold is worth $ 1.055,24 per troy ounce, silver - $ 17.78 per troy ounce, copper - $ 6,259, and nickel - $ 18,750 per metric ton.

Yields for UST-2 0,94; for UST-10 3,35.

Oil prices over the past 24 hours rose $ 1.00 to $ 71.62 per barrel varieties Brent.

Futures RIZ9 the night session was closed at 143.130 points (-0.78%).

So, today, we expect growth of quotations of securities.

MICEX (Daily)

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