Market Analysis

previous session

showed negative dynamics. The published accounts of companies and also news of a macroeconomic nature did not have a positive impact on the outcome of the bidding, and as a consequence, the indices finished the session lower. Oil and gas: Gazprom -2.22% -0.66% Lukoil, Rosneft 0.30%, Surgutneftegaz -0.76%. Bankovskiysektor: -4.11% Sberbank, VTB -3.91%. Sector-ferrous metallurgy: -1.49% of MMC Norilsk Nickel, Polyus Gold -1.27%.

European indexes finished trading in the red zone: Britain's FTSE100 -0.63%, German DAX -0.40%.

U.S. exchanges closed in positive territory. On Thursday came out the following macroeconomic statistics: consumer price index rose by 0.2% in September (m /m), analysts expected rate increase by 0.1%; number of applications for unemployment benefits the week prior to October 10 fell by 7 thousand that was better prognosis (-1 thousand). In addition, the Philadelphia Fed index unexpectedly fell in October to 11.5 points (worse than forecasts); oil and oil products per week until 9 October rose 0.4 mln.bar. However, after trying to Bears to push the market indexes continued their upward movement. Take-off quotations of oil above 75 dollars per bar. As well as increased futures indices had a positive impact on the American stock market. DowJones index continues to be kept above a mark of 10 000 points, which is a positive factor, but how justified is stable and it was this movement, will show the next trading session. Note that looked better than the market shares of oil and gas sector, worse - the paper of the banking sector. The result: DowJones 0.47%, SnP500 0.42%, Nasdaq 0.05%.

Before opening

Asian session demonstrates the dynamics of differently directed: Japanese Nikkei225 0.19%, Chinese Shanghai Composite -0.48%, the Australian index All Ordinaries -0.24%. U.S. futures SnP500 0.01%. Quotes of the ruble now stands at a 29.28 (Forex). Oil brand Brent 76.70 (0.62%). A pair of Euro /USD. traded near 1.49.

Recommendations

Expect positive opening of the domestic sites.

On the one hand, the closure of U.S. indexes held in the Green Zone, improving futures for U.S. indices, higher oil quotes and the dollar continued to weaken the U.S. capable of supporting Russia's stock market. On the other - slurred dynamics in the Asian session, the risks associated with reporting companies from overseas, as well as macroeconomic data - all these factors can put pressure on the indices. We believe that formed on the stock markets, commodity and currency markets, the bubble may soon burst. Our recommendations remain valid: possible speculative buying in shares of oil and gas sector (with a short stop-loss), a small portion of the portfolio, long the same position open prematurely. Anyway, in the near future is not ruled out a local correction, which should pick up fallen in price assets.

Expected data for today: 17:15 manufacturing, 17:55 consumer sentiment index according to the University of Michigan (USA).

The attention of investors focused on the records of foreign companies, what matters is how the results will be better than forecasts
Today, Russia's stock market could repeat yesterday's scenario
Apparently, Russia's stock market correction, which is all so much waiting until canceled
The worst of the market today may look like bank shares because of lower investor interest in securities of financial sector
Expected a positive opening of tenders, jumped up oil prices should support Russia's oil and gas sector
Today, traders should pay attention to information on volume purchases of U.S. securities by foreign investors
Russo-Turkish joint venture MMK-Atakash until the end of 2009 to complete construction of the port in Iskanderun
The last day of the working week basic data again come from the U.S.
Latin America: Brazil, China has improved the mood of

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