To confirm disruption downward trend MICEX index would need to gain a higher mark in 1015 items

On Wednesday, the Russian stock market has made an application to withdraw from the current numbers from the first of June the downward trend.

RTS, having played a negative contribution of consumer confidence from the Conference board, decreased by 0.92% to 977.94 points. MICEX index soared to 4.12% to 1012.48 points. The volume of trades has not changed.

The opening trading session was received excellent data from China on business activity in the manufacturing sector, which turned out to be the fourth month in succession above the border point at 50 points, which strengthened the hope that a way out of a protracted global economic slowdown is already at hand. Expectations that the PMI and related indices for the euro zone, Britain and the United States would be equally encouraging, as in China, have become decisive in the further positive development in the bidding for all the world's stock and commodity markets. The prices of black gold have been the same even further impetus to growth after the publication of data from the API to the dramatic decrease of commercial stocks of crude oil, resulting in losses suffered the previous day after surprisingly bad data on the confidence of American consumers have been systematically reduced to nothing.

The Russian stock market that has achieved such signals, nothing was left as a guide trends, given from the outside. Morning round of growth at the closing of short positions and intraday purchases met resistance around 1000 points on the MICEX index, after which the dynamics of the market returned to normal. PMI figures released by the euro and the UK were better than forecasts, however, major adjustments they have not brought. Market participants took a wait-and-see attitude is not becoming a hurry to sell in view of the fact that it was scheduled to be released a few more servings of macroeconomic data, which also sulili produce positive effects, but the proximity of the psychological mark of 1000 points and the line held by the downward trend of new purchases .

So the market and moving most of the day in the outset. Data on the number of new jobs in the private sector from the ADP, which turned out to be worse than the projections, have not been able to withdraw it from the current range, since the main focus was still focused on the performance of ISM. With this same figure, the value of which coincided with market expectations, which, coupled with greater than expected increase in the number of outstanding transactions for the sale of housing, have set a positive mood to open up American sites, referred to earlier levels of Perforation Resistance has nothing prevented. Lost their resistance to the end of the day the price of oil not broken the mood of buyers, resulting in the most liquid securities quotes completed on time intraday maximum.

The main demand was concentrated in securities of oil and gas segment (Micex OG 4.06%), where a leader shares Tatneft (0.8%) proceeded to Novatek shares (7.85%). Shares of Gazprom (6.54%) once again looked confident. Played prior to the loss incurred by Transneft preferred securities (5.59%), correcting inadequate reaction to the publication of good reporting for the previous year under IFRS and information on the increase of tariffs for pumping oil from 1 July to 4.4%

The financial sector, although once again demonstrated the dynamics of the market lower, but closed in positive territory (Micex FNL 3.39%). Shares VTB (7.27%) ahead of performance shares of Sberbank (rev 3.55% attract. 6.02%).

chip day became RusGidro shares (14.18%), in the quotations which were laid out non-prospects for the inclusion of these shares to their portfolios after it was reported that in mid-August, the company intends to deploy Depository Receipts, which can be converted maximum 14.7% of existing shares.

index Micex PWR energy shares rose by 3.43%, metal index Micex MM - at 2.29%, the index of telecommunications companies Micex TLC - at 2.00%

Looking at this market:

Most U.S. stocks ended the day in positive zone (SP 500 0.44%). In the morning play was optimistic on the housing market and business activity in manufacturing, as well as a number of favorable news from the corporate front. However, in later emerged Non-aggressive fixation profit, since not all market participants were willing to transfer their long positions on the next day in anticipation of the release of official figures from the Labor Ministry on the U.S. unemployment rate and the number of new jobs outside the agricultural sector. This caution was due to data from ADP, which showed that the labor market is still precarious in considering scenarios of economic recovery. Futures on the U.S. indices on Thursday retain specified by the end of the trading momentum (SP 500 -0.27%)

At the Asian stock sites observed mixed dynamics (MSCI Asia Pacific 0.1%). Increased capitalization of mining companies, otygryvayuschih raising fair prices on a number of issuers of investment companies and an increase in metal prices, нивелирует a record profit on shares of other sectors of the market before the publication of nonfarm payrolls. Oil prices are in contrast to the industrial metals were not as stable - WTI quotes after the closure of the Russian market plunged to below $ 70/barr. morning and traded slightly above $ 69/barr.

The Russian stock market on Thursday will open with a break down within 1%. Morning should expect attempts to complete it, and then quotes liquid securities are likely to be sliding to the publication of official data on the U.S. labor market in the 16-30 Moscow time. From the ECB's decision to change interest rates (15-45 Moscow time) and the Conference of Heads of JC Trichet 916-30) can hardly expect any surprises, so a significant impact on market sentiment, they will not have. Reaction to the left the unemployment rate and the reduced number of places outside the agricultural sector may change the prevailing balance of power bulls and bears. The Russian stock market, despite the passage of yesterday up border downward trend on the MICEX index will also be guided by the signals from abroad. To confirm disruption downward trend MICEX index would need to gain a higher mark of 1015 points, otherwise the medium will remain relevant short.

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