Market Analysis

World stock markets

trade balance the U.S. increased in May to minus 26 billion dollars from 29.2 billion dollars less a month earlier, thereby figure exceeded market forecasts, an average of minus $ 30 billion of the show Data published in Friday makrostatistiki. Another figure, however, showed negative trends - pre-designed University of Michigan index of consumer confidence to the American economy unexpectedly fell in July to a minimum during the last half a year and totaled 64.6 points. American experts had expected that the indicator of 70 points.

Stock Indexes United States recorded by the end of trading session Friday multidirectional changes. Dow Jones Industrial Average fell by 0.45% - to 8146.52 point, Standart Poor's 500 reduced 0.4% and hold at around 879.13 point, Nasdaq Composite rose 0.2%, stopping at 1756.03 points.

The last time the United States have proliferated in the discussion of the need for an additional package of incentives. On Saturday, in his traditional radio in that regard was made by U.S. President B. Obama, according to whom the program works well, as scheduled: economic recovery plan was developed in order to work out not 4 months. It is designed to work within a more than 2 years. A similar view expressed last week, the head of the National Economic Council United States Lawrence Summers.

However, American citizens concerned about the continued rapid growth of unemployment, which has already reached a level of 9.5%. By the summer of the presidential administration has pledged to create 600 thousand jobs, but is estimated to authorities, save the job able to only 150 thousand American citizens, and have lost their jobs since the arrival of B. Obama to power has about 2 million people.

At the beginning of a new week, Asian stock markets and futures on major U.S. indices show a downward momentum.

Metals Market

Last week ended with negative results for all metals traded on the LME. Composite index for the six base metals LMEX fell over the five trading sessions to 3.9%.

The worst results demonstrated the tin and nickel. The cost of the first dropped by 16.7%, the second one dropped in price on 10,6%. This nickel stocks rose slightly - by 0.1%, stocks of tin jumped to 2.8%.

Lead and zinc lost during the week 6.7% and 3.7% respectively.

better market at this time were copper and aluminum. The price of copper at closing Friday was $ 4 858 per tonne, down for the week at 2.4%. The stock on the London Metal Exchange fell by 3.6% on the Shanghai Stock Exchange - at 9.7%. On Friday, the Chinese Government published the data on imports of copper - in June the country had imported 457.999 tons of copper and copper products that pobilo previous record achieved in May. Copper market, however, has not responded to the news in view of the fact that June was the last month of bulk purchases of metal by China.

Aluminum dropped in price as a result of last week at 1.8% - up to $ 1 572 per tonne while reducing stocks at 0.2%.

new week at London Metal Exchange began with a minor note - on Monday morning metals lose an average of 0.5% of the cost, to break the green area just trying to tin.

oil market

on Friday resumed their decline in hydrocarbon prices, thereby deepening the negative results of the week.

Neftefyuchersy mark Brent cheaper at 0.95% and fixed point of $ 60.52 a barrel, the August contract WTI reduced 0.86%, down below the psychologically important level of $ 60 per barrel - up to U.S. $ 59.89 .

Thus, in the past week, falling cost of oil was 7.76% for Class Brent and more than 10% of class WTI.

At the beginning of a new week of dynamic quotation continues to be downward, the loss of the order of 0.7%.

Russian Market

Will the second wave of the crisis or not - debate on the subject in recent times being quite active. However, the main risk factor, has now pressure on the banking system continues to gather momentum: non-bank loans in Russia by the end of 2009 could be as high as 10% (slightly lower in RAS and exceed this level under IFRS) - the view expressed At the end of last week, Minister of Finance Kudrin.

On Friday, Russia's stock market once again entrenched in a negative area. Now look forward to continuing downward momentum on a broad range of securities.

Information background for today: the Ministry of Finance of the USA will publish data on the budget in June at 22:00.

The financial report for the previous quarter, today, is expected to publish Aurum Mining, Royal Philips Electronics.

Kommersant: tranche consonants
After a morning of correction up Russian indices traded differently
The immediate objective rebound up futures on RTS index is located in the vicinity of 80 000 items
In the coming weeks, the ruble has stabilized
The Russian market can turn quickly, rather than continue down
Positive expectations for the Russian market in the medium and long-term stored
IBRD net income for 2008 under IFRS amounted to 107 million rubles
VTB will pay dividends on the results of 2008 of $ 0.000447 ruble per share
Review of the FOREX market for 10.07.09

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