Market Analysis

  Growth in the Russian market continues - after rising oil prices, the rally of the ruble against other currencies, as well as the (evening), the sixth day on account of growth in the U.S. market. And I have to say that this optimism is not unique in the recent past. One of the prerequisites for such optimism was the U.S. Bank CIT Group Inc. agreement for a loan of $ 3 billion for a period of 2.5 years by 10% per annum to ensure that CIT was able to restructure their debt without bankruptcy. If one considers that CIT is a company specializing in lending to clients in the retail trade and industrial production, it is clear that avoidance of bankruptcy procedures and the continued implementation of activities is important for maintaining a buoyant U.S. economy.

As a result, we have continued growth in the majority of Russian papers - which were better than the market shares of Norilsk Nickel, which now try to figure a double bottom in order to 3500 rubles per share. In addition, the market looked noticeably better and paper Gazprom. Instead, worse than the rest (as always, though), feel the paper bank VTB: forthcoming additional issue frustrating investors and the shares of VTB does not stand up to competition for a place in their portfolios with securities of Sberbank of Russia.

As for the technical picture, then yesterday we MICEX index have not been able to pass mark in 1000 items, but no cannon from it significantly down. Thus, in the near future it is passing or failing marks that may indicate the direction of further movement of the market.

Today

leading world markets on Monday closed down growth: German DAX 1,04%, Britain's FTSE 1,25%, DJIA 1,19%. Asian markets this morning are growing, while Japanese Nikkei225 adds 2.73%. Futures on the S P500 reduced by -0.25%.

Pair EUR /USD is in the € /$ 1,4200, while USD /JPY - in $ /#165; 94.02. Gold is $ 948.81 per troy ounce, silver - $ 13.66 per troy ounce, Copper - $ 5,369, and nickel - $ 16,050 per metric ton.

Yield for UST-2, 0,95; for UST-10 3,59.

Oil Prices in the last 24 hours have fallen by $ 0.64 to $ 66.10 a barrel varieties Brent.

So, today we are waiting for the growth of quotations of securities in early trades.

Today, at 12.30 GMT in the United States economic activity index will be the Fed of Chicago (Chicago Fed Nat Activity Index), at 14.00 GMT to begin this chapter the Fed Ben Bernanke about monetary policy before the House of Representatives of the U.S. Congress. And at 20.30 GMT - traditional data on stocks of fuel.

The market remains strong: the corporate reporting in the U.S. continues to go better than expectations, as oil prices move to $ 70 a barrel
Today promises to be quite rich in terms of accountability of American companies for the 2 quarter of 2009
Russian ruble to the dollar and bivalyutnoy basket today by 11:00 Moscow time was 31.18 and 37.04 rubles
Another aim of the MICEX index growth rate can be 1100 points
TGC-14 will send more than 1.6 billion rubles for the reconstruction of Ulan-Ude TETs-1
Futures oil brand Brent traded below $ 66
European currencies continue to feel very confident
Index bigmaka: U.S. should cost 3,74 UAH
Kommersant: Gosmonopolii will be calculated with one another Barter

News and Comments