AKB "Absolut Bank": Trends in the Russian market has worsened

Deputy Chief of the Division of fiduciary Absolut Bank Ivan Fomenko:

Trading on Russian stock market took place in a positive vein, the major stock indicators added an average of 2 to 4%. The main idea of otygryvali investors, has been the increased oil quotes and news from around the U.S. financial sector.

Oil prices continue to rise based on increased demand for raw materials, which, in turn, contribute to the purchase from China, creating stockpiles of crude oil. In this regard, the paper oil companies enjoyed high demand from investors. However, the leaders of today's growing segment of bank shares have become, whose quotations were raised in line with global trends. In particular, it refers to shares «Sberbank», in price by more than 5%. Bank paper again interested players, as it became known that U.S. banks Goldman Sachs and Morgan Stanley intend to return them by the authorities of the U.S. loans. This may be an indication of improving the financial situation of banks.

High metal prices have supported the demand for paper steel companies, which now distinguished shares «MMK» and «Nornikelya».

Dynamics on the Russian market has worsened under the influence of publications in 16.30 Moscow time macroeconomic data from the United States, which were worse than forecasts. For example, the number of new construction in April fell by 12.8%, while the expected growth.

American statistics leads once again to think about how does improving the situation in the economy and whether or not improving. This, in turn, can affect the dynamics of stock index: unlikely we will see massive sales, but about growth also raises doubts.