Market Analysis

America and Europe

indices of the New World ended yesterday's trading in a range from -0.1% to 0.3%, reflecting a lack of investment ideas. Even the financial sector, which grows on the cross-raising banks of recommendations for each other was not able to pull up quotes. It is felt that some players preferred to record long positions in anticipation of the reporting season and now expects the flow of quarterly data on them to orient to the direction of further movement.

indices of the Old World have fallen by an average of 0,4% on the background is not overly optimistic macroeconomic statistics by region: Eurozone GDP continues to decline - at a slower pace than before, but stronger than forecast. Additional pressure quotes provided corporate news, although in general no panic and discharge papers did not happen, that, strictly speaking, it follows from the change in the indices.

Alcoa reported on net profit ($ 77 million) after three quarters of losses and the expected loss-making fourth quarter. The company's revenues decreased ($ 4.6 billion), but the rise in commodity prices and the fact that metallurgists had a large cut costs, have helped to eventually get the plus and interrupt a series of disappointments.

raw materials, currency and so on

Oil prices fell slightly amid falling stocks of crude oil, but growth stocks stills. Gold rose to $ 1050, prices for industrial metals also grow. Dynamics of the U.S. dollar calmed down after a few tantrums occurred against a background of raising of the rumors about secret negotiations, aimed at nothing less, the removal of the dollar in international payments between buyers and sellers of oil.

Statistics and Reporting

Today is expected fairly busy day: 15-00 (Moscow time), the Bank of England will decide on interest rates, 15-45 (Moscow time), similar action will make the ECB. It is unlikely that rates would be raised, though anxious calls have been received: one from Australia, where the stakes are suddenly raised to 0.25% under the pretext of the end of the recession, the second of Canada, which actively talk about raising rates. But most likely in Europe will not take any action until the U.S. Fed begins to stir.

addition rates, we can note a report on the number of applications for unemployment benefits in the U.S. and the beginning of the press conference, Jean-Claude Trichet (16-30 Moscow time), and late at night, Ben Bernanke will address. From the published financial statements should be made by PepsiCo and Marriott.

Break of the previous maximum 1241 points on the MICEX index has provided the basis for further upward movement
As leaders of the growth of the banking sector: VTB Bank (3.9%), Sberbank (3.6%), among outsiders - shares of Rostelecom (-0.7%),
Stability of oil prices could create the conditions for their growth at a time when demand starts to grow
Stock exchanges in Asia and the Pacific are now showing positive dynamics
The economic downturn is forcing Russia to follow the path of capitalism
Uproschentsy won Cabinet

Private entrepreneurs will pay pension contributions for the old rules ...

RusHydro continues to fluctuate around the level of 1,05 rubles
Shares of Sberbank overcome local maxima, quotes, bank up and prompted the closure of the players 'short positions'
Greatest demand today enjoy the action of the oil, banking and steel sectors

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