Today's trade scenario could be similar to the previous two

Trading on Russian stock market the second day developed the same scenario - an increase in the discovery, volatility in the middle of the trading and profit fixing to close. From a more severe correction of the market kept on the labor market and reporting JPMorgan Chase, which has proved a better prognosis. Oil prices hold above U.S. $ 61-62 per barrel. WTI and Brent, respectively, which is also the backbone of the market.

RTS index on Thursday rose by 1.7% to 903 points, MICEX - fell by 0.3% to 938 points. Volatility in the oil sector, shares of ± 3%. Metallurgical shares used in high demand - up to 7% of CMI. Stock Quotes banks have changed within ± 1%.

At the western markets on Thursday cautious optimism prevailed. European markets closed, rising an average of 0.5%, United States - the growth of 0,8 - 1,1%. Observers point to the expectations of investors to mitigate the recession in the world and exiting the U.S. economy this year. Viewpoint of the U.S. Federal Reserve has supported Professor H. Rubin, suggested that the U.S. economy out of recession in 2009 and became a spoon tar press release CIT Group to terminate negotiations with the government for financial assistance - issuer's shares collapsed by 77%. Meanwhile, today in the Asian stock markets continued growth, the Nikkei index to 9:00 increased by 0,6%. Oil prices decline slightly, by 0,6% to 61,6 U.S. $ /bbl. WTI and U.S. $ 63.4 per barrel. Brent. According to the API, the demand for oil fell to 11-year minimum, and the supply of petroleum products fell by 5.8% /day for the period from January to June.

Regarding the flow of funds into international funds in developing markets, the pessimism which prevailed among investors last week, continues. According to the EPFR main category - Funds GEM - on the basis of last week, recorded outflows of $ 18 million dollars in funds BRIC was just over 2 million USD, ie within 0.02% of assets under management. Several funds have proved themselves better than China (inflow of $ 100 million) and funds of India (inflow of $ 78 million), while funds from Russia, investors withdrew a week of almost U.S. $ 113 million or 2.9% of assets.

influx of funds into funds of Russia, CIS countries, China and the BRIC

Source: Emerging Portfolio Fund Research

Today's trade scenario could be similar to the previous two, including the volatility during the day and a negative correction at the end of the session. Of the important statistics to be published today on the U.S. construction sector: the beginning of construction of new homes and the number of building permits issued in June.

Traditionally, low summer Friday trades intraday volatility will increase Russia's indices
Appreciation of the ruble to the dollar declined slightly compared with the outcome of yesterday and this morning stood at 31.73
While the reporting season in the U.S. is clearly taking place on bychemu scenario
FINAM lowered the Sberbank
Indices of the Old World have increased by an average of 0.4%
Overview of the foreign exchange market 17.06.2009
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Forex Asia
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