Financial News and Economical Crisis

oil market is in the half from the

Trades on Friday on the Russian stock market are in the zone of moderate decline. Short jump up this morning, we writes off at the closing of short positions by speculators opened the day before. Day trading on our markets and European are very low, as the site of the U.S. stock market closed today in response due to the celebration of Independence Day.

for dinner MICEX index losing 1.9%. The largest losses are borne oil and gas securities (MICEX OG -2,09%) and financial sector (MICEX FNL -1,65%). The only exception to the general rule today look NLMK shares that are not only manage to grow, but also to update the maximum annual marks (67.78 EUR)..

smooth decline in European stock indexes pressure on oil prices in London. Purely technically oil brand Brent is now poised on the brink of a serious collapse. This morning, a mixture of quotes Brent third time in the last month managed to hold above level $ 65.85 per barrel. (last time we saw them there 04 and 23 June). Of Perforation of the support for the Brent oil contract paves the way for the 62.5 per barrel. Thus, the MICEX index, we will see a further 8-10% lower.

So, now make purchases of Russian shares for the medium term is very risky, but can be as correction to the fall may be quite strong, especially in light of the short positions in the market.

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