Europe
European FTSE Eurotop 100 index rising by 1.3%, Britain's FTSE 100 at 1.45%, German Xetra Dax at 1.15%, French Lyxor Cac 40 at 1.51%.
Chinese market responded today to the 4% increase in yesterday's 5% of collapse, partly denying fears about forming bear trend. Copper, which is the largest consumer China is growing at 2.5%, added nickel, aluminum and zinc. Against this backdrop, rising mining shares. Xstrata 5%, Antofagasta 4.6%, Lonmin 4.1%, Anglo American 3.5%. Shares in Europe's largest automobile concern Volkswagen yesterday collapsed to 16.2% today, falling again to 2.1%. In the media was informed that the Government of Qatar plans to buy a Porsche with an option to purchase 50% of preferred shares at a price of Volkswagen, which is significantly lower than the market. Over the past two weeks, VW shares had lost more than 40% against the background of the merger with the Porsche, in which VW buys 42% stake in Porsche.
Oil
Oil yesterday added 4% on the background data on the stocks in the United States. Oil reserves in the United States for the week declined by 8.4 million barrels., Is expected to increase to 1.3 million Inventories of gasoline fell by 2.1 million barrels., Are expected to decline by 1.1 million sharp decline in stocks was unexpected, after these oil quotes have begun to grow. Spot Brent $ 73.24, WTI $ 72.42. Futures are reduced by 1%.
Russia
The market opened with a 2% gepom up through the external positive during the day then consolidated before statistics in the U.S., after the negative data went down. At 16:35 Moscow time the MICEX index increased by 0.84%, RTS index at 2.79%. Trading volume on the MICEX stock market of 30 billion rubles. Below average.
significant increase of oil over the past two days against a background of reduction in the United States is reflected in the quotations of oil and gas companies. 2.9% Lukoil, Surgutneftegaz Ave 2.5% 2% of Rosneft, Gazprom 1.7%. Despite the increase in metals, stocks of metallurgical companies in the neutral zone. -0.7% Severstal, NLMK -0.3%, MMC Norilsk Nickel -0.3%, 0.3% of CMI. Declining shares of banks, VTB -1.9% -0.1% Sberbank.
adjusted shares of energy companies. Russian President Dmitry Medvedev instructed not to allow price increases for electricity in Siberia. Thus, the challenge was informed that the energy in the region will grow in price by 5-7%. The advantages of companies, which as a result of the accident at the Sayano-Shushenskaya HPP must increase the power, no longer seem so obvious. TGC-13 -6.9%, TGK-11 -5.5% -3.7% Irkutskenergo, OGK-4% -2. Shares RusGidro increased by 0.6%.
Outlook
In addition to data on applications for unemployment benefits, which were worse than the projections, at 18:00 will be the index of leading indicators and the index of business activity FRB Philadelphia.
The idea, the rise in oil prices and positive in the world markets should materialize in a good rebound, however, judging by the attempts to close the gap the morning, the players are set to continue correction. I think it is too early to buy, the situation is very uncertain, so better to watch the market from the side. Yesterday the market was unable to verify the strength of strong support at 1000 on the MICEX. As anticipated in the case of a positive scenario, the market hold above 1030 points and went up to the level of 1050. If the United States at the opening of the market will decline, go back to 1030 points, can go down. Speculators, I recommend buying at the Straits, the medium-term investors recommend to wait for a significant reduction and increase its position on the paper. There continues to recommend buying shares in Russian Hydro's long-term.
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