Market Analysis

Europe

European stock markets finished in the green zone the ninth consecutive trading session, reaching a maximum point in the last eight months against the backdrop of a good number of companies reporting quarterly. Pan-European index of blue chip FTSEurofirst 300 rose 1.98 percent to 907.71 point, reaching in the trades 907.71 points - their highest levels since early November. The current rally is the longest since the end of 2006. Today's growth and contributed data on the U.S. housing market - sales of homes on the market of secondary housing in the United States in June grew by 3.6 percent compared with the previous month to 4.89 million units, reported the National Association of realtors. The banking sector grew at the news of the quarterly results of Credit Suisse - the Swiss bank's net profit in the second quarter of 2009 grew by 29 percent the same period last year to 1.6 billion Swiss francs ($ 1.50 billion). Credit Suisse Shares went up by 5.8 per cent; quotes HSBC, Lloyds, Royal Bank of Scotland and Banco Santander added from 2.6 to 4.9 per cent. Indices of mining companies rose after an increase in metal prices. Paper Xstrata, Rio Tinto, BHP Billiton, Kazakhmys and Lonmin went up by 4,1-9,5 percent.

Asia

The growth of Asian markets, the ninth day in a row, with the support of MSCI Asia Pacific Index is the longest sequence of victories in 2004. Positive data for the economic rehabilitation of South Korea, together with increased brokerage recommendations on the Panasonic Corp. and Quanta Computer Inc., have led to further growth. Murchison Metals Ltd. increased by 17% because of the interest of the Chinese industrial groups in the development of iron-ore project. Panasonic Shares rose by 8.3% in the bid to Tokyo. Quanta Computer - the manufacturer of laptops has added 5.6% at the close of the trading in Taipei. Increased broker recommendations for stocks Samsung Electro-Mechanics Co. immediate impact on prices, growing at 2.4%.

United States

The American stock market on Thursday closed the rise, with the main barometer of U.S. stock - index Dow Jones industrials - the first time since early January this year has exceeded 9,000 in points on the optimism generated by the good results of companies and the increase in sales of second homes. The rally helped lift all the 10 sectors comprising the index SP 500. Sales of homes on the market of secondary housing in the United States in June grew by 3.6 percent compared with the previous month to 4.89 million units, reported the National Association of realtors. Analysts interviewed by Reuters had expected that the June sales of existing housing, taking into account the seasonal factor will be 4.84 million units. Against this background, the index of construction sector in the Dow Jones jumped to 4.9 percent. Technology index Nasdaq completed its twelfth session in the black row, which was the longest of its growth since 1992.

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Analysis - Results of the day
MICEX Index, compared with the value of the close of the previous trading day decreased by 0.548% to 1025.72, paragraph
The index of the Frankfurt Stock Exchange Xetra DAX rose by 11.34 point, the index of the London Stock Exchange FTSE 100 rose 27.91, paragraph
Worse market traded Norilsk nickel and RusGidro, losing 2% and 2.5% respectively
FAS will check the tariff policy of the Russian airlines

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