Moscow. July 3. INTERFAX.RU – the Russian stock Market opened Monday with rising prices blue chips amid rising oil prices, indexes MICEX and RTS per minute bidding moved up 0.6-1%.
By 10:01 Moscow time, the MICEX index amounted to 1890,25 points (+0,6%), RTS index – 1010,66 points (+1%); ruble prices of most of the major “chips” on “Moscow stock exchange” has grown by less than 1 percent.
The dollar has dropped to 58.92 ruble (ruble -0,01).
The growth in the lead ruble shares of Gazprom (+0,7%), LUKOIL (+0.7 Percent), Magnit (+0,7%), Mechel (+1.4 per cent), “Rosneft” (+0,9%), Russian grids (+0,9%), Sberbank (+1%), “FGC UES” (+1%).
Indexes in the U.S. on Friday showed a mixed performance, as no single vector on Monday in Asia (grown Japan sank China), although the statistics from Japan and China is providing support to the bulls.
The degree of optimism of the Japanese manufacturers rose to its highest in three years – the index of the Tankan, assessing their level of confidence in the economy rose from 12 points in the first quarter to 17 points in the second is expected to increase to 15 points.
The purchasing managers index (PMI) in the manufacturing industry of China, we expect Sahp and Markit, rose in June to 50.4 from 49.6 points in may. A level of 50 is the dividing line between the weakening and the increase in business activity.
Oil on Monday rises in price for the eighth consecutive session, the market continued to recoup Friday’s Baker Hughes statistics about the decline in the number of active operated drilling rigs in the United States.
However, reports of increased oil production on Libya to a maximum of four years – more than 1 million barrels a day to inhibit the growth of the oil market.
The cost of the September futures for Brent crude on Monday morning was $48,95 per barrel (+0.4% and +2.4% in Friday), August the price of WTI $of 46.27 per barrel (+0.5% and +2.5% in Friday).
According to Baker Hughes, the number of oil rigs in operation in the U.S. declined by two, to 756. The decrease for the first 24 weeks and the second since the beginning of this year. By the end of June Brent crude fell by 4.8%, WTI – by 4.7%, for the second quarter, the decline was respectively 9.3% and 9%.
As noted, the asset Manager, OOO “Investment chamber” Alexander Volynsky, the situation in the domestic stock market has not fundamentally changed, fluctuations in the range of 1800-1900 points on the MICEX index occur in preparation for further growth.
This week possible consolidation of the MICEX index above 1900-1920 points, which will give a signal for a new ascending wave with the reference 2050-2100 points. If under the influence of external factors the index back to 1850 points, it is recommended at this point to open a “long position” in anticipation of future increase.
According to the head of the analytical Department of Grand Capital Sergei Kozlovsky, oil on Friday received support in the form of statistics on the number of active drilling rigs in the U.S., but prices remain below strong resistance levels.
The analyst of “ALOR broker” Alexey Antonov believes that the consolidation of Brent oil above $48 a barrel gives you the chance for continued growth, despite conflicting data on the stocks of raw materials in the United States. For the MICEX index growth target for the week is the level of 1930 points, RTS – 1020 points.