The first is to pay attention to the dynamics of oil prices - the entire Russian market now is just this

important thing is not why, but the process itself

Russia

The Russian stock market rose yesterday, not bad: RTS index has added 2,83%, MICEX index soared to 6.05%. The main credit for the increase in market capitalization belongs to return to the $ 70 oil prices. The volume of trades on the RTS Stock Exchange was $ 3.22 billion, of which $ 2.0 billion was accounted for by the term market instruments, the MICEX Stock Exchange Section natorgovala at 164.2 billion rubles., Turnover in the index amounted to 67.0 billion rubles.

In my opinion a strong upward trend can be supported by the mass exodus out of short positions, does bear fear monetary overhang of liquidity, which prevails over the world stock markets, and at the slightest danger of fleeing from the market. It may be that the players have responded belatedly to the statement of Mark Mobius, who told them of the intention of the managed fund to invest in Russia to $ 10 billion but on the other hand, not next week, it will make the Russian market the amount of talking, but personally I absolutely incomprehensible motives disclosure of such an important market for information (that Mobius professional and is unlikely to not count the consequences of this step).

Europe

Old World Index grew by an average of 2.2%. The main reason for optimism was the better than projected financial statements of major companies. Plus add fairly high prices, which dragged in the positive zone of action of relevant sectors of the economy.

America

indexes the New World increased by 0,8-1,2%, in response to corporate accounting of American corporations. It is not clear why the players ignored the negative macroeconomic statistics data in the face of applications for unemployment benefits. The official version refers to the manipulation of data revisions and exaggerates the importance of post-secondary applications. With regard to reporting, it should call a spade a spade, reporting the bad, but better than analysts' forecasts, so that fact and the mass market responds. Investors expect that the profits of companies very quickly and simply recover from that stock markets do not reflect the entire depth of the recession. I believe that now must wait until the accounts for the third quarter, which will show how the reality will conform to expectations (as autumn comes again, will understand what is happening with lending and real sector).

raw materials, currency, etc.

Industrial metals at auction in London, grew up, the price of gold back to $ 940, while the U.S. dollar dropped in price on a basket of currencies.

Oil prices spent a technical rebound from the script support the rising trend - to local maxima is not so much. Fundamental factors, such as the widespread growth of commercial and strategic stocks, persistently ignored by speculators. Futures oil brand Brent traded around $ 70.5, oil futures mark WTI traded slightly above $ 67.5 (September contracts at 9-30 Moscow time).

Statistics and Reporting

Today, 13-00 (Moscow time) published data on unemployment and consumer price index for the euro area, in the 16-30 (Moscow time) went on the U.S. GDP, at 17-45 (Moscow time) is published index of business activity for the United States. From the corporate sector are the Audi, British Airways, Chevron, Deutsche Post, Total, Anglo American and Mitsubishi (the whole financial and industrial group at once). In general, the reporting season is declining, and next week promises to be more calm.

Outlook

I look forward to opening in the Russian stock market to break up within 1%, possibly in the first half of the day will be dominated by a rising trend. Intuition suggests that by the evening of the quotations may revert significantly below highs of the day, but given the increasing volatility, I would now rate intuition did not do - the last two days have illustrated the variability and inaccuracy of the market, even short-term assumptions about the behavior of quotations of securities. In any case, is primarily to draw attention to the dynamics of oil prices - the entire Russian market now is just that, everything else for us to identify a second.

Today the Russian equity market driven growth remain neftyanka and banking sector
Today is the opening of the RTS index is expected to gepom up to 1,8-2%
As a result of yesterday trading at the market shares of the MICEX Stock Exchange amounted to 112.65 billion rubles
Net profit of INTER RAO UES on RSA for 1 half of 2009 decreased by 29.1% to 389.75 million rubles
The Board of Directors Uralsvyazinform appointed vice-director of the company and elect a new board
Review of the FOREX market for 30.07.09
Oil prices rising after the major stock sites
With the end of a record in terms of placing pressure on liquidity treasuries waning
From 24 to 31 July in the primary market of Kiev real estate prices for one-room apartments remained at 14.4 thousand hryvnia per square. m

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