RTS falls, the MICEX rising

In early trading to 10:42 MSK on the MICEX index rose 0.17% to reach 558.50 points. Grown up ordinary shares of VTB Bank (0,43%), Sberbank (1,21%), Gazprom fell papers (0,23) and Rosneft (0,06). At 10:52 MSK falls on the RTS index (0.68 - 512.02 points). The leaders of the fall of the industry index of "Banking and Finance." Exchange opened in different ways, as MICEX - the ruble, and RTS - Currency Exchange, that is traded in dollars. Therefore, a weakening ruble has some support for the MICEX index, like a trader IFK Solid Alexander Letovaltsev. But, in general, the dynamics is clearly negative, as in Russian and international markets, he said. For example, unemployment in the United States has increased significantly decreased the number of buyers of new homes, etc. Agrees with him, Alexander Zakharov, Director of Operations in the stock market: "Markets are certainly falling. Overall macroeconomic environment - an extremely negative. Statistics show that the economy was worse than anticipated by the market. That is, the market still underestimates the depth of the crisis" believes Zakharov. "As for Russia, on the one hand with the liquidity crisis resolved, but the money did not go into the economy. Most banks speculating in the foreign exchange market, it is done and the company, if they had spare cash, he added. They earned enough good players money. Perhaps after the last action of the Central Bank, some of the players cease to speculate on the currency. It is a high probability of corporate defaults. "Markets are waiting for the statistics of the fourth quarter, as it was the most difficult. From this it will be clear on what goods there are still a real demand, and how. Support markets provide speculators who try to catch the bottom, they buy oil stocks, believing that would not be worse, "said Zakharov." Now is the time to long-term purchases, short term we can try to play the currency, or sit out the worst of times in bonds of public companies "- the expert concludes.