Market Analysis

Temporary stop?

Russia's stock market, all weeks show uncertain dynamics, on Friday completed the rapid growth. Hold the reaction of global markets on positive macroeconomic statistics for the United States, demonstrating all week, and recovery in oil prices have supported Russia's stock quotes. As a result, already at the opening of the most liquid shares added to 2-3%, and the closing took place on 3-4% above the levels on Thursday. Among the internal factors that have shaped the mood of the market, it is worth noting the news about government plans for an early transition to RAB regulation in the power infrastructure. As a result of growth leaders on Friday were shares of power grid companies, headed by FSK (15.2%).

The situation on foreign markets is becoming more ambiguous. On the one hand - improve the background of the United States, determined by macroeconomic data, which in the past couple of weeks, signals a restoration of the American economy. It should be noted and European statistics, and recently raduyuschuyu investors. Against this backdrop, U.S. and European indexes last week demonstrated once again increase, reaching the levels of annual maxima.

On the other hand - a negative flow from China (reduction of overcapacity in some sectors, limit the amount of credit, etc.), adds uncertainty to the long-term trend for reviving the global economy. As a result, the previous week, despite the global dynamics, the Chinese Shanghai Composite Index declined by 3.4%. Today the Chinese market has fallen off another 5%.

In this context, talk about the stability of the dynamics of the world's stock markets also did not have to. In view of achieving a global index of new highs on the last day of trading last week, today, is likely to be followed by a correction that will affect the course of trading and in Russia.

Recommendations on RTS Index futures for Monday
Shares of main and distribution companies are the most undervalued from a fundamental point of view
While not expected to significantly reduce, the MICEX index and major papers continue Comma delimited
The worst of the market today can be shares of MMC Norilsk Nickel
In the energy sector the most important news may be a revision of investment programs for energy companies Gazprom
Significant trading ideas the market will get only in the second half of the week
MICEX Index has consistently failed to go above 1100 points, but not in a hurry to fall below
On Friday, stock indexes in the United States showed a downward intraday dynamics
Britain calls on European countries to increase contributions to the IMF

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