Market Analysis

Risk aversion has made the impact of Barack Obama"s speech is very short: after rising on Wednesday, on Thursday European stock exchanges have lost 1,4-1,9%, site of America no less confidently down: DJIA and the SP had lost more than 1%, Nasdaq - almost 2% ,

technology sector was an outsider against the background of published accounts, as well as forecasts for companies which started the year promises to be challenging. Not pleased with yesterday and statistics: the volume of orders for durable goods demand in the U.S. were lower than expected (growth of 0,3% against expectations of an increase of 2%), and the number of initial applications for unemployment benefits totaled 470 thousand (estimated 450 thousand).

In Europe, once again jumped CDS on bonds in Greece, which is a reflection of the high market fears about the future of some eurof1fzone countries. In addition, the rating agency Standard Poor"s announced that the UK banking system is no longer considered one of the most stable and low risk. Yesterday the market rumors that the credit rating of Portugal can also be reduced.

most in this situation wins the U.S. dollar: good corporate reporting, the stabilization in the U.S. economy and the prospect of rate increases, the problems in the euro area and the total withdrawal from the risks - all this makes the "greenback" leader of the demand. At the auction yesterday, the euro /dollar moves toward $ 1.39 per euro, the minimum value in six months.

The growth rate of the dollar puts pressure on oil prices: during the Asian trading session of good data on the volume of industrial production in Japan allowed the quotations of oil rise to above $ 74 a barrel, but from this point the price went down again. Before the opening of trading in Russia, the March contract on WTI crude oil is $ 73.6 per barrel.

At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 93.4555 billion rubles
Fortum and the Government of the Chelyabinsk region have agreed on cooperation in enhancing energy efficiency in the years 2010-2012
In 2009, the Audit Chamber revealed financial irregularities at 150 billion rubles
Ukreximbank states Prevention raider capture "Argo"
Gazprom has a monopoly on the Polish market
Eurozone may provide financial assistance to Greece
Balance of payments deficit in Ukraine in 2009 increased by 4,3 times
U.S. plans to invest $ 8 billion in the development of railways
Course on organic

In 2010, the proportion of "clean" products will increase to 5-7% of the domestic market, experts predict ...

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