Dynamics trades on the market of Russia will be determined by the changing situation on the commodity and currency sites

On Wednesday, Russia"s stock market showed a moderate upward momentum trades on the MICEX index. Factor to a decrease in the beginning of the session played a negative external background from Asian sites and the currency market. By 12:00 Moscow time the value of the MICEX Index reached its minimum and amounted to 1,363 points, stopping at a strong level of support at 1,360 points. Next on the background of the lack of significant macroeconomic statistics, the market moved in growth, caused by technical factors. So rebound helped by favorable signals coming from the technical analysis indicators, which by 15:00 Moscow time has changed and began to show signals suggesting a quick stop growth and transition of the market in side views. By the end of the session weak housing sales data in the primary market in the United States and a report on stocks of petroleum and petroleum products in the United States gave rise to profit-taking in the moment, as a result of the MICEX index closed on a less optimistic note on the value of the item in 1391. As a result of the session the index grew at 0.47%, better than the market looked securities of the banking sector, which rebounded faster than the market due to a sharp fall in the previous session.

At the auctions in the U.S. most of the session observed lateral dynamics, which traded growth only after the announcement of the Fed decision to maintain interest rates at current levels for a long time. Fed confirmed its intention to planned reduction of the number of incentive programs in February - March. Nevertheless, the expected adoption o1000f new stimulus measures from the U.S. government, and which will serve as the new driver of growth of the U.S. economy in subsequent quarters. On this background paper looked better than the market of the banking sector, and the results of the auctions the index of wide market SP 500 added 0.49%.

External background at the opening of Russia"s market positive. Japanese Nikkei rose 1.58%, Chinese Shanghai Composite children and young at 0.25%. London Brent traded at a mark of $ 72.3 for the March contract. Currency pair EUR /USD is trading at 1.402. Futures on the U.S. S P500 grow at 0.39%.

Today, after opening the bidding with a gap up, we expect moderate growth of quotations on the MICEX. The dynamics of bidding will be determined by the changing situation on the commodity and currency sites. Bidders now pay attention to the level of unemployment in Germany at 11:55 Moscow time and the number of initial applications for unemployment insurance, and data on changes in orders for durable goods in the United States at 16:30 Moscow time, then the market will give additional momentum speech by Timothy Geithner at 17:45. At the moment, the stock indices of China and Argentina are at significant levels of support that will keep the correction in prices on other stock markets of developing countries. Thus, after opening with a gap up and achieve the MICEX index level in 1420 points in the first half of the session, the market will drift into Comma delimited 1415-1420 points in the corridor, waiting for a favorable external environment for the penetration resistance and continue to rise to the level of 1435 points on MICEX .

In anticipation of tomorrow"s publication of strong data on U.S. GDP for the IV quarter of this desire to play down will be insignificant
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