Market Analysis

Rising oil prices above $ 75 per barrel. WTI, the weakening of the dollar to 1.4915 dollars /euro, the strengthening of Russia's ruble to 29, 4651 rubles /USD., Intel reports good third quarter, an increase in gold prices to 1070 dollars /t.u., - All boosted the share price of companies to record levels over the past 13 months. Since mid-summer, the last 3 months, share prices rose by 73% on average in dollar terms.

RTS index rose by almost 3%, to 1441 points, MICEX - by 3,2%, to 1,362 points. Gazprom has risen in price by 5,2%, Norilsk Nickel - 5%, LUKoil and Savings - at 3%. American indices added 1,5%, European - 2%. Asian in today's trading in positive territory at 1.6% in the index Nikkei, index of China Shanghai Comp demonstrates the symbolic reduction of 0.06%. U.S. index futures are at zero. Oil prices rose by 0.85%, to almost 76 dollars per barrel. WTI, gold - declined slightly, to 1,063 dollars /t.u. Oil reserves in the U.S. for the past week unexpectedly fell by 172 000 barrels to 339.194 million barrels, according to API. Analysts expect growth stocks black gold to 700 000 barrels. Last week the decline was 254 000 barrels. Today the U.S. Ministry of Energy (19:00 Moscow time) publishes a report on oil and petroleum products, analysts polled by Bloomberg, expected growth of 1 million barrels. Today - Day Expiration November delivery ICE Brent.

We expect the market to open in the neutral zone. The important factors, in addition to operating continuously, makrostatistika the U.S. and the Eurozone. Eurozone CPI is published at 13:00, Moscow time, the United States - at 16:30 Moscow time. At the same time the USA will publish data on the primary appeals of the unemployed and the index of Empire Manufacturing. In addition, Citigroup Inc. published a report on income in the third quarter, Goldman Sachs published a report on income in the third quarter. In the RF NOVATEK shareholders at an extraordinary meeting will consider the payment of dividends for 1P 2009.

Summing up the causal relationships on the equity market, we encourage investors, in addition to participating in the general euphoria, self-analyze the situation. And while aware of the exogenous (unregulated) positive today stabilizing factors - fluctuations in demand can quickly change the vector of effects.

Forecasts of analysts: These American statistics may have a mixed impact on the dynamics of Russian indices
Against the backdrop of rapid publication of financial results Tatneft for 2 quarter of US GAAP possible surge of interest in securities of companies
Today is best spent contemplating profit in its portfolio from the previously discovered long positions
Even though the overheating quotes Russian indexes upward movement will continue
Russia Market could update the annual maxima in the first hours of trading
Domestic indices today confidently strikes highs in 2009
Short-term goal for Russia's market is the level of 1400-1450 points on the MICEX
Shares of the banking sector will be the favorite to start trading, support during the day they will have the expectation of reporting Citigroup and Goldman Sachs
Opening of tenders is expected with a gap up to 2-3% and the MICEX index in the near future may be at the mark of 1,450 points

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