Market Analysis

index of the Tokyo Stock Exchange Nikkei (Nikkei) has fallen to 4.36 points (-0.04%) and closed at 10352.47. Yield 10-year Japanese government bond is 1.430 (has grown over the previous closing on 0.020). Index of the Hong Kong Stock Exchange Heng Seng (Hang Seng) has grown by 128.26 points (0.62%) and is located at 20701.59.

rate euro /dollar rose in Asian session and reached a level of 1.4306. Support of providing the increase in oil prices that exceeded $ 70 a barrel, and rising demand for more risky assets. However, the course was unable to hold above the 1.4300, which contributed to the closure of long positions on the euro.

In anticipation of the publication of important indicators of business activity in Europe and the U.S. sales operations in the forex market are low. Investors are also awaiting publication of financial reports of major European banks.

Australian dollar rose today to a mark 0.8390, a maximum in September of last year. The growth rate observed in the meeting pending the outcome of the Reserve Bank of Australia.

Today, the price of oil in electronic trading in New York rose 0.73 dollars to 70.18 dollars per barrel.

index of retail sales (Retail sales real) in Germany in June, -1.8% for the month, -1.6% for the year (forecast 0.5% during the month, the previous value of 0.4% for the month, -2.9% for the year). The rate has significantly worse prognosis, and reached a minimum level since December 2007.

Today in Canada the day off. Consequently, the financial market in the country will be closed.

Today

expected output the following data:

at 07:45 GMT - business index (PMI index) in Italy in July (44.1 forecast, the previous value of 42.7);

at 07:50 GMT - business index (PMI index) in France in July (47.9 forecast, the previous value of 45.9);

at 07:55 GMT - business index (PMI index) in Germany for July (45.2 forecast, the previous value of 40.9);

at 08:00 GMT - business index (PMI index) in Europe (16) July (forecast 46.0, the previous value of 42.6);

at 08:30 GMT - the index of business activity (CIPS manufacturing index) in the UK for July (47.9 forecast, the previous value of 47.0);

at 14:00 GMT - the index of business activity the Institute of Management (ISM index) in the United States for July (46.7 forecast, the previous value of 44.8);

at 14:00 GMT - the index of construction (Construction spending) in the United States for June (-0.5% forecast, the previous value of -0.9 %).

Out of range
Overview of the foreign exchange market 03.08.2009
Currency trading
Recommendations on shares of Gazprom, Lukoil, Rosneft, MMC Norilsk Nickel and Sberbank
In the MICEX index have more growth potential to key points around 3-5%
Today, Brent is a barrel mark for more than 72 U.S. and the currency strengthened again
Oil prices are at a high level, in the case of the downward movement of the market is pulling all down
Passage of the MICEX index 1065 points mark in the future may provide an impetus to the movement in the area of 1100 items
Sibirtelecom plans to increase the subscriber base in the mobile communications market

Scenario and forecasts