Results of previous day

Thursday in the Russian stock market was another extremely volatile day in the consolidation at the levels achieved.

RTS Index lost 0.96%, adjusted to 1083.79 points. MICEX Index added 0.72%, reverting to 1092 points. The volume of trades has again been significantly higher than recent values.

In view of achieving a landmark for the current wave of growth (1130 items index MICEX) in terms of technical analysis, is quite busy at the publication of major macroeconomic indicators for the market participants on the agenda at the moment are in some disarray, before obtaining a convincing signal to start correction or continuation of the rally.

published on Wednesday on ISM services, which was below forecasts and bars in 50%, which may be a signal of exhaled economic recovery, could become the starting point for initiating a more or less noticeable cooling of the world's stock and commodity markets. But it did not. The session on Wall street ended moderately negative, while the price of oil, not only by the morning of Thursday, managed to recover and went on testing the recent highs.

Such a change in the external background ponaotkryvavshih prior to discourage short positions bear that triggered the opening of the Russian stock market wave inverse purchases. This is to support and positive mood on European sites, where the favorable reports submitted Zurich Financial Services, Schroders, Aviva, Novo Nordisk, KBC Group and Unilever.

afternoon to turn the oil quotes Bear once again felt the burst of energy, after counter, which pushed the Russian stock quotes to an open day. The solution in the market expectations the Bank of England and ECB left interest rates at the same level, at 0.5% and 1.0%, should not it somehow does not affect the current balance. However, monetary control of Great Britain unexpectedly for most market participants has increased the scope of quantifying mitigation at 50 billion pounds, making it clear that the doubt that there was the beginning of the restoration - and it started rising real estate prices and growth indexes PMI, exhaustive signals necessary for the termination of additional programs stimulate the economy. World's stock markets to a new injection of liquidity to respond obedient growth. In Russia, the MICEX index also began to gain altitude, however, stagnant oil prices have become a barrier to fill theafternoon decline.

In the future, after the traditional Thursday applications for unemployment benefits vector intraday dynamics changed again. Although the primary applications were much better than forecasts - a four-week moving average fell to a minimum in January, to strengthen the position of bulls they were not able to. Exchange players chose to take advantage of this favorable moment for a fixed profit on long positions, secure before the data on unemployment and the number of jobs created outside the agricultural sector. Adjust their behavior to such secondary applications for unemployment benefits, which increased over the previous week, which once again reminded of the bad data from ADP, Challenger and employment subindex ISM non-manufacturing, received on Wednesday. At this point, have also begun to publish their reports on sales retailers, most of which have indicated that American consumers are still hesitant in the future, preferring to put off something for a rainy day. The combination of these conditions led to the beginning of the trading in the states were colored red, which, coupled with oil prices turn up on the background of the dollar began to strengthen the position of forcing the MICEX index for the second time to test the minimum intraday levels and fight for the preservation of the plus-up of the day.

sectoral and intra-sectoral dynamics of the shares as a whole was characterized by the absence of a uniform trend.

Was that just after the publication of favorable statements RusGidro and FGC UES continues to improve the reassessment of the cost of electricity (Micex PWR 0.23%). Following Thursday RusGidro shares were higher at 2.86%, shares InterRao - at 1.69%, FGC UES - by 0.4%.

In the oil and gas sector (Micex OG 0.42%) despite a decline in the price of black gold prevailed increasing market value of its components. So Gazprom's shares went up by 1.18%, Gazprom Neft - at 1.6%, Tatneft - 1.05%, Rosneft - to 0.78%.

In the financial sector (Micex FNL 0.58%) shares of the Savings Bank has increased in value at 1.92%, while VTB shares have been cheaper to 0.72%.

In the metallurgical sector (Micex MM -0.44%) lost its position of representatives of the Steel shares, while shares of MMC Norilsk Nickel (1.52%) were able to win back the losses incurred the previous day.

look at today's market

Trading on the U.S. stock market ended the second day in a row in the negative area (SP 500 -0.56%). Market participants have chosen to reduce the risk of its loss to open long positions if the key data on the labor market are unfavorable, compared with analysts' forecasts. In addition to caution with regard to the forthcoming publication makrostatistiki pressure had quotes and events from the corporate front. So advanced, compared with a market capitalization generally decrease was recorded in shares of telecommunications and technology companies, after reports emerged of Cisco Systems, DirecTV Group and MetroPCS were much worse than forecasts. Shares of companies in the health sector experienced selling pressure after the JPMorgan analysts lowered the rating industry to neutral levels. Played a role, and technical points - for the daily charts oscillators went to perekuplennosti to form a signal to sell securities. Friday morning, futures on U.S. indices continue to trend up - SP 500 index losing 0.16%.

Asian stock indices (MSCI Asia Pacific -1.0%) in anticipation of the data from the American labor market will continue under the influence of fixation profits are down. To some extent, helped in this and the assumption of excessive growth took place prior to the publication of a new reporting disappointing, this time from Konica Minolta Holdings and DBS Group. Burden indicators for the stockand lower prices on commodity markets. And industrial metals and crude oil prices traded below the previous closing day, but after the closure of the Russian market of the past were able to jump to $ 72/barr. WTI on class and on Friday morning were only 40 cents below the frontier.

The Russian stock market Friday near the start of the closing Thursday. The combination of current trends does not give a clear signal: where to move the market since the beginning of the day. Probably followed by non-aggressive movement downwards, after which participants will prefer to await the emergence of vector intraday dynamics of European sites. There is still support in the 1078-1082 actual item on the MICEX index. It is possible that all attempts to go beyond this frontier will be, as previously tolerated those who believe that the pause after the rally will continue. It may be that only in the case of the negative data the unemployment rate and nonfarm payrolls (16-30 Moscow time) defense bulls will fall and then will open the way for the testing of the medium through an ascending trend and the blank gepu points in 1053-1058. In this case, is to open short positions, since the days of candles, and increased trading volume and divergence of the oscillator, demonstrated in favor of the correction. Otherwise, so far is to hold mid-term long. Day to data from the American labor market will also be aware of the index of producer prices in the UK (12-30 Moscow time) and promproivzodstvo in Germany (14-00 Moscow time). Worse than the market today may look shares GMK Norilsk Nickel.

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