Yesterday, trading on Russian exchanges have opened growth of quotations, after which the indices have moved in the sideways movement in anticipation of macroeconomic statistics from the United States. Exit ADP report on the labor market ruined the mood of the players, but the market supported by high oil prices, which prevented the Bear to withdraw from the market for short-term consolidation between the levels of 990 - 1000 points on the MICEX index. The next portion of the market has brought positive changes. Following the growth of American sites, our market went up storm level of 1000 points and the upper limit of the downstream channel. At the end of the trading the MICEX index rose by 4.21%, ending the day at 1012.48. Leaders of growth became the paper VTB and Gazprom added 7.3% and 6.5% respectively. Also better than the market finished the day Norilsk Nickel (5.6%) and Surgutneftegaz (5.1%). Against the backdrop of information about ADRs, shares RusGidro grew by 14.2%.

External von worsened. Markets United States, after the growth during the first third of the trading in the future become correctional movement that led them to the level of opening. At the end of the trading Dow Jones Indexes and the S P500 added 0,67% and 0,44% respectively, the NASDAQ index rose by 0.58%. At the morning session, futures on S P500 index continued its decline to 10.00 and dropped to a level 921 item.

Oil quotes after the data on stocks of petroleum and petroleum products in the United States began to decline. At the morning session, oil futures mark Brent consolidated levels between 68.5 - 69 dollars per barrel.

Today, at the Russian sites, we expect the opening of gepom down. The external background will not allow bulls to continue yesterday's growth. Perhaps we will see attempts to return the MICEX index in descending channel. The dynamics of trades at the closing will determine the statistics of the U.S. labor market, which will be released in 16.30. If the bulls today udatsya foothold above the upper boundary of the downstream channel, then soon we will see an attempt to test the level of 1020. Overcoming the market at this level can serve as a signal to start shopping.

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This entry was posted on Thursday, July 2nd, 2009 at 11:15 am.
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