Market Analysis

On Thursday, the Russian stock indexes fell under pressure desheveyuschey oil in the second half of the day the negative added nevdohnovlyayuschaya U.S. statistics, as a result - began trading session with a fall of quotations of Russian issuers for the most part remained in the red zone: the RTS index lost 1.79%, down to the level of 960.46 points, while the MICEX index fell by 3.49% to 977.09 points.

For other quotes declining oil and gas companies: Gazprom (-4.99%), Rosneft (-2.99%), LUKOIL (-3.59%). Bank paper desheveli more moderately: Sberbank lost 4.06%, VTB - 3.25%. Paper raznonapravleno steel companies have closed, but looked better in the market.

Against the backdrop of expectations of growth in demand for steel from China and improve the pricing environment NLMK shares added more than 5%, Severstal and MMK lost in a third percent.

In the United States and the European sites the main trends are shaped by the published statistics. The growth of budget deficits in Italy and 9% of GDP, declining activity in the manufacturing sector, the EU has brought all these indices in the European zone of sustained decline. In the United States have been published on promzakazam and increased unemployment. Manufacturing orders in May rose by 1.2% against the expected growth at 0.8%, which was a positive factor. But the growing number of unemployed grade expectations for the resumption of growth in the near future: non-agricultural employment in the U.S. in June fell by 467 thousand against the expected 363 thousand, while unemployment rose from 9.4% to 9.5%, while the number of applications for benefits Unemployment in the last week almost coincided with the preliminary estimates, to 614 thousand In the end, S P500 index fell by 2.9%, similar to falling and other indicators.

At the moment the cost of barrel of oil brand Brent is at $ 66.6/barrel. Asian stock market indicators today are falling. Stock markets are closed today. Negative external background. We expect a negative opening of the Russian sites, within the 2-3% decline. During the day it will be possible to play on retail sales in the EU.

Asian shares desheveyut on the news about the labor market in the United States and arrived Seven I
Lack of trades in the United States allows to hope that the markets will not greatly diminish
It is unlikely that in the absence of U.S. investors, the markets will make any serious movement
The main trend during the day will be a gradual drift of Russian indices
At the world's trading floors is negative background, which is not conducive to the growth of the Russian stock market
It is possible that a pause in the Russian market can take all the following week
7 Jul, 2009 Bank of Russia will select applications for the placement of temporary free money of the federal budget of Russia in the accounts of commercial banks
Over the past week planned power in Russia has decreased by 6% compared to the same period of 2008
Generation of the company TGK-1 in January-May 2009 reached 12 490 million kWh of electricity

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