Future outlook for Russia is very strong, especially given the persistence of long-term rising trend in oil

Once again (as, incidentally, and last Thursday) in the Russian market there azhiotazhnye purchase (or perhaps azhiotazhnoe closing short positions). External background, this time composed of the growing oil, raising the U.S. indices and a positive corporate reporting, as well as from data received with enthusiasm by unemployment, has led to the discovery of gepom up and growth in the morning, followed by the evening rally. Thus, the paper increased by 5-7% and the MICEX index re-established significantly higher 1000 points, adding 6.05%.

It should be noted that the internal reports of Russian companies has not so optimistic. Surgutneftegas shown by the results of I half net profit growth at 6.3%, but the distribution of this index shows sharp quarterly decline in net profit in II quarter. Also, the negative semi-annual report published Transneft, showing decrease in net profit in I half to 4%.

As for future prospects of the market, he, on the one hand, looks very strong, especially given the persistence of long-term rising trend of oil and the index of DJIA. However, on the other hand, the rocket up to the outset rather characteristic, or, worse, Bear market, than for the normal steady growth. We were nervous this alarming trend trades, but because we are wary of the optimism that, at first glance, are investors in respect of Russian actions.

Also today, went critical on the U.S. GDP, which could have a significant impact on the market especially if the predictions are worse.

Today

leading world markets on Thursday shut down growth: German DAX 1,85%, Britain's FTSE 0,41%, DJIA -0,29%. Asian markets this morning are growing, while Japanese Nikkei225 adds 1.58%. Futures on the S P500 grow at 0.46%.

Pair EUR /USD is in the € /$ 1,4140, while USD /JPY - in $ /#165; 95.25. Gold is $ 938.63 per troy ounce, silver - $ 13.69 per troy ounce, Copper - $ 5,722, and nickel - $ 17,480 per metric ton.

Yield for UST-2, 1,18; for UST-10 3,63.

Oil Prices in the last 24 hours have increased by $ 3.97 to $ 70.71 a barrel varieties Brent.

So, today we are waiting for the growth of quotations of securities in early trades.

Today, at 9.00 GMT in the euro area will be on consumer price index (Euro-Zone CPI Estimate) and the unemployment rate (Euro-Zone Unemployment Rate).

A to 12.30 GMT in the United States will be important data for the II quarter of GDP (GDP).

On Friday at 16:30 Moscow time data published by the U.S. GDP for the 2 quarter, market participants are expected to decline 0.7%
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