The external background for the Russian market remains very positive, which allows re-play to enhance the

United States

Futures on the SP 500 index increased by 1.1%.

Europe

European markets are growing against the backdrop of the positive statements of U.S. companies. European FTSE Eurotop 100 index of 1.74%, Britain's FTSE 100 1.62%, German Xetra Dax 2.14%, French Lyxor Cac 40 1.8%.

Reporting bank Goldman Sachs and Intel Corporation exceeded forecasts. The long-awaited report Goldman Sachs did not disappoint, profit of the bank in the II quarter rose to a record value of $ 3.44 billion, or $ 4.93 per share, which was above the expected value of $ 3.65 per share. Report Intel also has a better expectation that gave impetus to the growth of its shares on postmarkete 7%, besides the company raised the forecast of sales in the III quarter to $ 8.9 billion, analysts estimated the sale at $ 7.9 billion

The response of the U.S. market at record GS was restrained, but in Europe, banks significantly added. HSBC 3.7%, Barclays 3.6%, Lloyds 3.4%, Deutsche Bank 3.2%. Continues to rally in the mining sector on the background of growth in metals. Metals grow a third session in succession for the first time in 3 weeks. Xstrata 5.3%, Kazakhmys 4.3%, Eurasian Natural 4.3%, Rio Tinto 3.7%. Shares of major European automakers rose, after statistics showed an increase in the number of registered vehicles for the first time since April 2008. Volkswagen 4.1%, Man 4%, Daimler to 3%.

Oil

Oil is growing after several days of consolidation at the level of $ 59-60. According to the American Petroleum intstituta API, commercial oil stocks in the United States last week fell by 1.2 million barrels. due to the fact that U.S. refineries increased production. Today at 18:30 the official data published by the U.S. Energy Information Office. Spot Brent $ 61.4, WTI $ 59.52. Futures in the black at 1.5%.

Russia

External background is still very positive, thus again bullish. Reducing the dollar, rising oil, the growth of the ruble, all these factors in our market are very important. At 15:30 Moscow time the MICEX index rising to 3.88%, 1.97% on RTS. Trading volume on the MICEX stock market on 28 mlrd.

Restoring the commodity markets decreasing dollar and rising stock sites primarily reflected in the quotations of commodity sectors. Shares of metallurgists continued rapid growth following the shares of the largest mining companies, which are in London, added more than 3%. MMC Norilsk Nickel 5.9%, 4.3% MMK, Severstal 3.2%, NLMK 2.8%. The growth of oil and gas companies are not able to prevent the communication to increase from August 1, the export duty on oil to $ 212.6 per ton to $ 222 dollars for Gazprom v. 4.8%, 4.3% of Lukoil, Rosneft 3.9%. Several positive factors allow torise and banks. In addition to reporting the Savings Bank and Goldman Sachs will increase the demand and the strengthening of the ruble. Bank 4.1%, Sberbank attract. 5%.

Outlook

Day is full of statistics, the closure of the volatility increase. At 16:30 will be on consumer price index in the United States, in 17:15 manufacturing in the U.S., fell at 18:30 on oil and petroleum products.

If the oil and oil products will decrease, the oil will continue its recovery, which for us will be very positive. Data on industrial production in the United States also will have an impact on commodity markets. Thus, today it will be possible to further understand the direction of the markets, as can be formed on the trend of oil and a pair of Euro /dollar.

From the technical point of view, as expected, in the case of a positive scenario, the market returned to a level of 900 points, but was unable to gain higher. If today it is possible, and the market will be able to overcome the level of 920 points, the goal will be the medium level of resistance of 1000 points. Then you can talk about the formation of lateral range 880-1000 points. Speculators, I recommend playing on purchases, since the market locally resold. Medium-term investors recommend slowly build up positions on the pleadings, I recommend a long-term investors to hold the position.

Opening stock index today is expected to gepom Up
Minpromtorg expanded the list of vehicles with the purchase of subsidized lending rate to 50 models
European markets are growing against the backdrop of the positive statements of U.S. companies
The pair euro-dollar firmly refuses to choose a direction of movement, and remains at the same levels
Precious metals market review for 14.07.09
KSCA has appealed the court's decision to suspend new tariffs on ZHKU
The proximity of the majority of Russian shares to the strong resistance levels indicate the likelihood of downward correction
In general, the bond market dominated by a rising price trend
In the oil sector established a leading position in the shares of Gazprom, Lukoil and Rosneft

Leave a comment