China correction turns gaining momentum

Following the closure of the Russian market has worsened the external background, which contributes to the opening of the Russian market with gepom down. By the sale of the market pushes the dynamics of the major landmarks, namely, crude oil futures and futures on U.S. indices. Both indicators are traded in the red zone, losing 0.8% and 0.4% respectively. U.S. market closed in negative territory on Friday, above the levels at which it left the Russian market. However, this factor нивелируется negative dynamics of futures for U.S. indices, which indicate the continuation of rehabilitative sentiment.

Thus, correction, zavladevshaya the Chinese market, rolled on the world stock sites. However, the depth of downward movement is still not clear. The magnitude will depend on the mood of market participants. In the case of the formation of panic MICEX index could easily fall below the level of 1000 points. If the decline Friday after a strong desire to sell at the market does not remain, the ruble will be able to keep the indicator is quite a range of 1050-1055 points, which is a 21-day moving average and the 38.2% Fibonacci correction of the historic maximum. Thus, the MICEX index may go to those levels, which was the consolidation of the last two weeks.

Before opening trades futures on the S P500 index shows the downward momentum and farther away from the important mark of 1000 points. In case of continued negative sentiment falling on the Russian market will also continue. Futures for crude oil is traded under growing U.S. pressure on the dynamics of the commodity market has traditionally influenced the mood in the currency market, which now await the publication of important indicators: trade balance euro at 13:00 Moscow time. This will affect the motion of a pair of EUR /USD, which in turn lead to fluctuations in the market of raw materials. Thus, in mid-session, the mood in the Russian market can be adjusted.

Also on the course of the trading impact of the publication will statdannyh on the U.S. economy, disclosure of which could form the rebound after the decline in the first half of the session. Chief Statistician of the day will be the housing price index for August was expected figure should grow to 18 points.

The decline in oil prices adversely affect the shares of oil and gas sector, many of which closed last week, close to important supports. Decisions on paper to oil and gas is taken after the publication statdannyh that affect the situation on the currency market.

Russian Ruble now be under pressure from the negative dynamics of the commodity market, which will affect the securities of domestic banks. In case of continued sales shares of Sberbank and VTB will move into an area pereprodannosti. If there are signals to recommend purchases of speculative open positions on the shares of Sberbank, since technically the paper look more attractive.

Overstocks affect the opening and securities zolotodobytchikov since the closure of the Russian market decline in gold futures continued. However, the fall of these securities may be more modest.

Today is worse than the market will likely look like shares, Rosneft, Tatneft, MMC NorNikelya and Sberbank
Today, the external negative background for the stock market of Russia, the decline of America to close, Asia traded in the red
Today, under the most pressure are likely to be stocks of commodity companies
On Friday at the U.S. stock market dominated by pessimistic sentiment among the bidders
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The forecasts of analysts: Correction of the Russian index is inevitable
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