Market Analysis

Recovery of commodity prices held the rise in stock markets, pushing into the background with the debt problems of Greece, which led to the recent investor flight to quality, which led, as a result, a correctional reduce the world"s major indexes. Nevertheless, despite the rather positive development of the trading in Latin America, today dominated by sales in Asia, mainly due to the weakening dollar, a destructive influence on the profits of exporters. The mining sector, meanwhile, looked better than the market that can lay the foundation for continued growth along the Russian indices today"s trading. Yesterday U.S. trading floors were closed in observance of Martin Luther King Day, but trading in Latin America resulted in the growth of the major indices, supported by the recovery in commodity prices. In addition, with the departure of the background themes with Greek debts, there has been the strengthening of the euro against the dollar, thereby providing an additional incentive for capital inflows into commodity assets.

However, today the stock markets of Asia once again dominated the sale. MSCI Asia Pacific Index lost about 0,5%. Outsiders are trading bank shares suffered from not too convincing reporting JP Morgan, as well as securities of companies in the technology sector with a significant share of export earnings, which played against the strengthening dollar. Nevertheless, the commodity sector, both in America and in Asia looked better than the market, which should provide support for the domestic market shares.

We believe that a recovery in external markets will be temporary. Now come details on the profit Citigroup, one "problem" U.S. banks, and there is a risk that the reporting on U.S. bank capital can resume the flight to quality.

Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank "
Ministry of Finance: The budget deficit of Russia in 2009 amounted to 2.326 trillion rubles
The dynamics of trades within the day will depend not only on the situation on the oil market, but also on the news from Europe and the U.S.
Asia: Reporting spite the expectation of weak banks and high-tech sector
Inflation in the UK accelerated in December, a record
Bankers Strike Back
The Ukrainian parliament has not overcome a veto on the law on the moratorium on the sale of agricultural lands
Energometodiku change
At 16.00 Moscow time the volume of trading in the market for government securities MICEX amounted to 48.69 billion rubles

News International Markets