Optimism returns to the market

U.S. indices Dow Jones and SP 500 closed down on Wednesday the second day in a row. The significant strengthening of the dollar, provoked capital flight from the risks against the background of a strong fall of the shares of Chinese companies before, caused a vast decline in commodity prices. Quotations of oil contracts were dashed by more than 4%, which felt drawn down shares of oil companies (SP Oil Gas -4%). Nevertheless, the economic review of the Fed beige book (based on data obtained before 20 July) prosignaliziroval that the U.S. economy begins to show signs of stabilization, it is supported by the U.S. stock market during the second half of the session. Low activity of investors in the auction to sell 5-year gosobligatsy of $ 39 billion has led to the rise of yield on Treasury securities.

Asian stock markets on Thursday have not yet show the echoes of yesterday's nervousness. After a morning decline gradually, all indexes in the region fell to plus zone. This contributed to two factors. First, statdannye from Japan, showed an increase in output at 2.4% m /m in June. This recovery promproizvodstva for four months in a row shows the restoration of economic growth in the country. Secondly, the Chinese People's Bank today reassured investors, saying that would not limit the volume of lending in the economy.

The opening bid on the Russian stock market on Thursday, we will see in the neutral zone. Of strong shocks, but last night reduced the price of oil, it is not. Quotations mixture Brent this morning we have seen almost $ 1 lower than yesterday's levels. Nevertheless, the growing futures on U.S. indices (SP 0,47%) will raise quotes for illiquid securities. I think the action of metallurgists, banks and energy companies now have all the chances to be better than the market. But pressure on the indices will continue to provide shares of the oil sector, against a background of vast desheveyuschie falling of quotations of futures for the supply of oil. Nevertheless, we do not rule out that today, oil prices once again will occupy the former position in the light of optimism returning to the world stock exchanges.

of the most important data emerging today is to provide a report on the changein the number of unemployed in Germany, as well as data on the number of initial applications for unemployment benefits in the United States. And finally, the impact on the market can provide the financial reports Dow Chemical and Exxon Mobil.

The level of 980 points on the MICEX index becomes a key point in the struggle for which he will determine the future direction
The next wave of the fall of the ruble will have a negative impact on the quotations of securities of banking sector
In the near future on the Russian market is not ruled out another correction down
The volume of trades in the market shares of the MICEX Stock Exchange amounted to 94.97 billion rubles
All investors are gradually concentrated on U.S. GDP data for the 2 nd quarter of 2009
In the case of deterioration of the external background next goal is a reduction in the region of 950 points on the MICEX index
At the opening of the Russian market will continue to decline following the commodity trading companies
KAMAZ stop work conveyor for a month
United States: the decline in commodity prices adversely affected the indices