The market took breathing

Tuesday, June 16, after a significant fall of the previous day the market took a respite. At the time of opening the players tried to force in quotes down because of the negative news background, but for dinner to equalize the situation, and in the afternoon and began to do the MICEX index added about 2%.

The turning point came after the positive statistics for the euro. The index of sentiment in the business environment was significantly higher than the market expected. Leaders of growth among the chips were made of paper financial sector most affected eve. Reduced rate U.S. currency to European tendering led to recovery in oil prices, which positively impacted on the domestic oil and gas sector - its shares added an average of 2 - 2.5%.

left portion of the evening from the United States to change the level of housing starts for May strengthened investor optimism. Futures on the indexes in the United States adds an average of 0.5% for the opening of the tenders. However, in our view, while the market is dominated by correction mode.

If the shares of Russian companies will finish the day at current levels or higher, the picture for the bulls will become chocolate
Better market looks banking
By the end of June, the rise in oil prices comes to $ 75 a barrel, the MICEX index - up to 1350 points
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 6.85 billion rubles
Oil does not want to break a trend upward, rising prices could go further, to the area $ 80-90 per barrel
If the flow of news is negative, we can expect further strengthening of the dollar and reduce the stock
After yesterday's tumultuous downward Today in Russia there is a breathing space
In the event that positive data from the United States the Russian market is ready to continue the growth and in the evening
Correction on the Russian market is a reaction to the uncertainty of the external background and lower the prices of energy