Financial News and Economical Crisis

On Monday, June 29, the Russian market opens decline of quotations, but almost immediately gave way to shop the sale, and by noon the MICEX index had added about 2%. By the middle of the day is traditionally the last day active in the market has declined markedly, especially that directed at foreign markets movements were observed, and much of the session was held in vyalyh fluctuations around the level of the morning.

Ascent resumed only towards the end of bidding, when the bulls had supported the growth of indexes in the United States. In doing so, investors have little or no reaction to the message Interfax that the Ministry of Economic Development revised downward in a number of key macroeconomic indicators (GDP outlook deteriorated since the fall of -6% to -8.5%, forecast the fall of industrial production with -9, 3% to -12.5%) or on traditionally pessimistic forecast of the Finance Minister of Russia on the medium-term prospects for oil prices. MICEX Index on the basis of trades amounted to 989.30 points (3.03%), RTS index has decreased slightly (951.46 points, -0.42%).

Of the industry segments of Russian market leaders for the day were oil and gas sector (MICEX OG 3,47%), led by Gazprom shares (4.78%) and Tatneft (obychka 7.57%, 5.02% prefy) and Metallurgy (MICEX MM 3,55%), led by NLMK (10.53%) and MMC Norilsk Nickel (5.8%). Looked quite good and the telecommunications sector (MICEX TLC 2,62%), where the shot Rostelecom shares (8.67% obychka, 7.1% prefy). At the same time, the banking sector has lost a significant portion of the evening daily gains (MICEX FNL 0,12%). Significantly weaker than the market looked like the electricity sector (MICEX PWR 0,66%) quotes a number of OGK and TGK the day traded in negative territory, losing eventually to 4%

Expectations for today: the price of oil rose rapidly in the morning in the area of local maxima in the region of 73 dollars per barrel against the backdrop of continuing attacks by insurgents on oil pipelines in Nigeria. Against this background, the Russian market opens significant growth of quotations in the leaders will share the oil and gas sector and, perhaps, the Savings Bank. At the same time, we note that recent oil prices are very volatile, so a separate driver for the withdrawal of Russian indices of the current top band, they may be only in the event of renewed strong growth. If oil prices remain at current levels, a key factor for the Russian market will remain sentiment in overseas stock sites and, consequently, macroeconomic statistics.

Yesterday there was no major releases today is a large amount of data released in Europe (unemployment in Germany, the GDP in the UK) and USA (Chicago PMI index and the index of consumer confidence). We again note that the risks of recurrence of corrective decline in the short run are saved.

U.S. Stock indices rose on Monday after shares neftekompany
Russian auction held in the Green Zone, the MICEX index broke 1,000 points mark
Recommendations for futures on RTS index on Tuesday
The immediate objective of reducing futures on RTS index is located in the vicinity of 95 500-96 000 points
Better the market today can watch the action Lukoil, Surgutneftegaz and Severstal
For more volatility today's trading will provide a factor of the end of the quarter and expect to United States
Saves long-term positive view on equities Fortum
Today the Russian market record a positive change in the indices
In the course of the trading day of Russian influence a number of European macro-economic reports