Russian stock market declines after the price of oil, ignoring the plus Europe

European stock indices steadily recovering after falling yesterday (DAX 1.5%, FTSE 0.8%), while the Russian stock market, despite this momentum western indicators continued to show decline. Of course, the decline of the MICEX Index is no longer such a large-scale, as in the first few minutes of today's session, but, nevertheless, half is lost as compared to yesterday. Maximum that can have major Russian chips today - this morning to close 1-2% gepy items. In a positive zone have been able to move only Severstal shares (3%), Surgutneftegaz and MTS (1%) and Rosneft. Some of yesterday's closing prices ranging stocks of Gazprom, Lukoil and Uralkali.

The main factors contributing to multidirectional movement in the Russian and European stock markets, supports the dynamics of oil prices. The Russian market is directly tied to the rates of commodity prices, can not ignore the 2% fall in prices of black gold, is observed in today's auction. Barrel Brent is less than $ 69, generating profits for the fixation of shares of companies in the sector tenders in Russia and the simultaneous weakening of the national currency. Increased cost bivalyutnoy basket, which began yesterday afternoon, today, has been successfully pursued - to increase the maximum excess of 1% to yesterday's values. Thus, the dynamics of trades in the currency market confirms the renewed capital flight from the Russian stock market. And if in the near future we will not see a stabilization in oil prices, these negative trends in the stock and foreign exchange market will continue.

Today, we await the publication of beige book United States Federal Reserve (22.00 Moscow time), which will present new data on the current state of the American economy. Indeed, to continue the rally in the stock markets at the moment is not enough only to macroeconomic positive, and if it appear, then overcome a mark of 1000 points S P500 will not postpone. Some progress in this direction is clear. Recent data on the real estate market gave rise to hope for achieving a bottom on it. However, still the epicenter of the negative - the labor market and is directly related consumer activity. Here, so far, all without improvement. People, though slower, continues to lose his job, while reducing consumption. Yesterday's data on consumer confidence index showed that the spring surge of the confidence indicator otygryvaetsya back and talk about the turn of the negative trends in the perception of the current users still early. Accordingly, the recovery in demand, as well as the U.S. economy may fall for a longer time than was previously thought.

From corporate events, today we look forward to reporting ConocoPhillips (16.30 Moscow time), which can be prikinut Lukoil financial results for the 2 square. 2009, as well as the Ministry of the U.S. to change the oil and oil products in the last week (forecast: -1.5 million barrels. Petroleum and stable gasoline stocks).

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