Market Analysis

sluggish movement without ideas

on the equity market on Tuesday on the actions of developing fully expected scenario: inertial shopping in the morning and lateral dynamics of the end of the day. Spillover into the U.S. statistics were contradictory, and therefore the market is so unable to determine the direction of its motion. In favor with the players this time were paper and electricity consumer sector, traditionally perceived as protective. As a result of trades RTS index rose 0.9%, MICEX grew by 0.4%.

At the auctions in the dynamics of the U.S. Trade was moderately negative. Investors were disappointed by the value of the index of consumer confidence, which unexpectedly fell to 53.1 points against the expected growth of up to 57 points. In connection with this fire-sale have been producing high-tech products. Good data on house prices supported the construction paper. Overall, the trading U.S. indexes slightly subsided.

External background at the opening of Russia's market neutral. Japanese Nikkei is trading near zero. Chinese Shanghai Composite in the last trading session for the next 7 days, growing at 0.5%. London Brent traded at a mark of $ 65.8. Futures on the U.S. S P500 traded in positive territory at 0.1%.

Today, we expect to see neutral trading near the opening of yesterday's closing levels. Judging by the closing of the auctions in the United States and the dynamics of the morning in Asia, markets are not yet ready to determine the vector of further movement, so before the next portion of stat data from the U.S. market will rule the speculative mood. Today, attention should be paid on the final GDP data for the 2 nd quarter, the Chicago index of business activity and oil reserves.

Negative closing trades in the United States on the eve of levels the increase in the oil market
Today is definitely the game in the hands of the Bears
Any negative now perceived as a pretext to commit, so it's possible a more profound drop in the indices
Today, Russia's market may open at yesterday's closing levels, or with a small gap up within 0,5%
Shopping on Russia's markets are becoming less confident in the coming days, volatility will remain high
FAS Russia will turn to Russia for YOU confirm the validity of their conclusions about the non-competitive behavior, TNK-BP
Prices for gold and oil futures yesterday finished neutral
Dollar depreciated - the morning review of cash markets
U.S. preparing sanctions against companies insuring the supply of oil products in Iran

News and Comments