Market Analysis

Dynamics
auctions on Monday on Russia"s stock market held in the multidirectional movement of blue chips. The opening of trading on the market happened to the little gepom down, which was closed in the first minutes of trading. In the first half of the session, the shares have continued to build positions, given the slight improvement in the external background. In the middle of the trading situation has stabilized with the achieved values, but closer to the closure of increased volatility. Opening of the stock market in the United States did not reveal a confident dynamics that led to a nervous close of trading on Russian sites.

leader of growth on Monday were shares of "Tatneft", adding more than 2%. In the paper grew 1.5% Sberbank and VTB. About 1% added Rosneft and Gazprom Neft. B minus shares closed Surgutneftegaz, a leader in reducing steel paper MMC Norilsk Nickel, have lost about 2%.

Following trades RTS index fell to 1485.92 points (-0.24%), the MICEX index finished trading on the value of 1415.86 points (0.39%).

Causes
reasons for the failure of the morning were the disappointing results of the tender in the U.S. and Asia yesterday. Despite this, start the day with a gap down, many stocks have found their customers against the backdrop of growing stock futures. Also assisted in purchasing oil futures, which quotes stabilized at close to $ 73 for brand Brent. Data on sales of homes proved to be worse than forecast, which led to some drawdown of American, European and Russian indices for auction.

What to expect?
U.S. market on Monday closed a slight increase: Dow Jones 0.23%, S P500 0.46% and the Nasdaq 0.25%. Despite this, Asian markets fell today. Japanese Nikkei 225 in minus 1.8%, Korean index decreased by 2%, Hong Kong index falls to 2.1%, the Chinese market loses 2.5%.

Oil futures on Monday fell. At the opening of trading in Europe, a barrel of Brent crude oil yield about 72.70 dollars.

Thus, at the opening of Russia"s stock market a negative external background.

Why worry?
The growing concerns of investors around the world leads to further subsidence of stock indexes. Oil prices are steadily going down, that remains a factor of pressure on the value of Russian stocks. Today is expected to block an important macroeconomic statistics from Europe. At 12:00 Moscow time, go figure IFO index in Germany, the euro area balance of payments and retail sales in Italy. And at 12:30 Moscow time - data on UK GDP for the fourth quarter. All this will be under the close attention of traders. Placement Greek bond is a good demand, which somewhat reassured excitement about the possibility of servicing its debt.

Total trades expect from today"s opening of the negative and volatile movements in different directions session.

Analyst Ratings

Indexes in Asia, falling due to fears of tightening credit conditions in the PRC
U.S. indexes rose on Monday on 0,2-0,5%, futures cheaper Tuesday
Falling quotations Russian securities may be quite large-scale
Refusal to zero export duty from oilfields in Eastern Siberia would adversely affect the shares of Surgutneftegaz, TNK-BP and, above all, Rosneft
Dollar exchange rate to the ruble on the Moscow Interbank Stock Exchange now stands at 30.31 rubles
In the current conditions under the greatest pressure may be shares of banks and commodity companies
As a result of the morning decline futures Brent crude sank to a level of 72.7 dollars per barrel
Almost all of Russia"s blue chips are in the "red zone": Gazprom (-1.47%), LUKOIL (-1,97%), Sberbank (-1.95%)
If fear of slowing growth of the Chinese economy will go into panic, full drop in world markets can not avoid

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