Russian market again came to the aid of a weakening dollar. Yesterday's correction of a zone of relative perekuplennosti was large enough so that the potential growth in the recent rebound in the surface gives them room for imagination. From a technical perspective, yesterday was tested earlier holes 1000 on the level of the RTS, acting as support for the general upward trend. If a goal of Perforation 968. Instead retention is the primary movement to levels of 1055-1065. Meanwhile, in the long run the week of May to levels approaching upper MICEX (1094-1097) is activity of sellers rely on the uncertainty in the economic recovery. We see today a technical resistance in the region of 1019-1020 on the RTS.
The Russian market today supports the positive U.S. futures, which closed yesterday on the S & P 500 above spot. GM rose 32% yesterday and another 11% in posletorgah to report that agreement has been reached with the union UAW. The evening of Thursday vprysnula Treasury $ 7.5 billion in preferred shares of auto-financing company GMAC LLC, which shall be credited the purchase of cars
Our Autovaz grew yesterday on the news until the top slat of trades, in addition, we are going to increase the threshold for subsidized auto machines to 600000 EUR, however, a measure of more help to other car, not ladam.
Dushin Oleg, analyst, IR "TSERIH Capital Management
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