MICEX index rose to 1450 points. Now can stop the move up to Friday"s release of data on payrolls

With the continued rise in oil prices (now Brent adds almost another 1%), MICEX index managed to rise slightly above the mark of 1,450 points, which began fixing profit speculators. Given the very substantial increase in the papers over the past two days, and remaining below uncovered gepy on many "chips", we tend to develop in the second half today and probably tomorrow, a small correction in the market. This seems quite a likely scenario, given that on Friday released key statistics on the U.S. economy - to change the number of jobs in non-farm sector in January. And in anticipation of supporting evidence for the restoration of the U.S. labor market, many investors chose not to take active actions in the market.

The market continues recoup most popular theme last week - raising the price of coal (4.5% of Mechel, Belon 3%) and the friendly attitude of management Svyazinvest to minority shareholders of regional telecom holding company in anticipation of the reorganization. From the latest news of positive market reaction awarded operating results Severstal for 4 square. 2009 (quotation securities of the company added more than 3%), and the statement of BPC (trader BRIC) to raise export prices for potash for Brazilian consumers up to $ 410-425 per ton. In this post adds to the price UralKali already 5%, and, in our opinion, the news triggered the rise of quotations may continue. The fact that the announced price increases with a high probability reflects the recovery in demand for potash fertilizers in the world. If this is true, then we are in the beginning of a new wave of rising prices for mineral fertilizers, which promises significant returns for investors who buy shares of the leading manufacturers at the moment. For more conservative investors a signal to purchase shares BRIC will overcome the resistance level of 145 rubles.

Tonight come the important statistics, which can have a significant impact on the dynamics of stock markets. This not only data on the change of jobs in the private sector from ADP (16.30 Moscow time, the forecast - minus 30 thousand), but ISM Non-Manufacturing (18.00 Moscow time, the forecast 51 points). If, indeed, activity in the services sector the U.S. will start to grow (overcoming the mark of 50 points), then you can count on the continued growth in the stock markets. Moreover, the reaction of investors to these data may be even more pronounced than was released earlier in the week ISM Manufacturing, given the greater weight of non-industrial sector in the U.S. economy.

If the statistics from the U.S. will be positive, the MICEX index can close above the current daily maximum
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