Yesterday

Trading on Russia's stock market ended yesterday assured the growth of leading indexes against the backdrop of rising world oil prices. At the end of the trading session the MICEX index rose by 3,41% - to 1149.81 points and the RTS index rose to 1,135.94 points mark, which is 3.92% above the closing level of the previous trading day. Trading volume on the MICEX Stock Exchange amounted to 85.32 billion rubles., Where the papers of the Savings Bank had about 43 million Preference shares rose 13.27%, and the ordinary gaining weight 5,62%.

It should be noted that yesterday for the first few days came the demand in the shares of oil and gas sector, thanks to higher oil prices.

MICEX index closed above strong resistance at 1,130 points. From the perspective of technical analysis, the MICEX index went out of frame lateral range and now can easily continue to rise to the level of 1200 points.

U.S. Market

Trades in the U.S. on Tuesday and ended the growth of stock indices. As leaders of growth on Tuesday were shares of oil and commodity companies.

As a result of the auctions the index of blue chips Dow Jones Industrial Average stood at 56.15 points, or 0.6%, to 9497 points. The index of wide market SP 500 was closed by growth on 8.99 points, or 0.8%, at around 1025 points.

course of U.S. currency on Tuesday dropped to its lowest level this year against the euro and some other major currencies, and investors' attention shifted to commodities. Gold tested the level of $ 1000 per ounce, while oil prices soared above $ 71 a barrel.

It should be noted that the macroeconomic indicators in the United States continues to deteriorate. So in July, the reduction in consumer lending in the United States has set a new record, the volume of consumer loans issued fell by $ 21.6 billion (this despite the fact that the acting program to support new car purchases and their sales volumes have increased and not all in cash). But that's not all, data for the last month revised with a decrease in the amount of another $ 9.1 billion, ie July the volume of loans was at $ 30.7 billion less than the last report. Last year the volume of credit at 4.24%, an anti June 1944, ie worse than it was only during the Second World (the data are calculated from 1943). Revolving credit (credit cards, etc.) for the year decreased by 7%, non-revolving credit fell by 2.6%.

Oil

price of oil soared above $ 71 a barrel on the background of falling U.S. dollar.

At the end of trading on the New York Mercantile Exchange front-month October futures for light, sweet crude rose 3.08 dollars, or 4.5%, to 71.10 dollars per barrel, its highest level since August 28. Front-month October futures for Brent crude on the ICE rose 2.89 dollars, or 4.3%, to 69.42 dollars per barrel.

Asia

At the stock exchanges in Asia today, there diversified the movement of the basic indexes of the instability of the yen against the dollar and high metals prices, as well as the outcome of trades in the United States.

Japanese Nikkei falls to 1.25%, the index of wide market Topix - 1%. Korean Kospi fell 0.8%. Chinese CSI 300 INDEX traded at zero.

Today

External background before opening the bidding in Russia - neutral.

• U.S. indexes finished trading in positive territory on average 0,5-1%

• Quotations oil consolidated above the level of $ 71;

• Futures on U.S. indexes are traded in small minus;

• Asia as a whole demonstrates a negative dynamic.

Judging by yesterday's momentum, this positive movement may continue. The MICEX index closed above strong resistance at 1,130 points. Now, we can fully expect consolidation at current levels. However, the rapid growth we should not expect, as a sure upward movement has been going on for quite some time. If, before the end of the week the bulls retain this key level, then we can see a way out of the side band.

In the current situation, we continue to recommend investors to be prudent with purchases, as not exclude the downward correction in the near future, which may occur after the meeting of OPEC and the oil market reaction to its results in combination with the key indicators of the EU and the U.S..

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Indices in the U.S. rose on Tuesday on rising gold prices and a record fall of the dollar