The index of wide market SP 500 (-0.4%) completed the end of last week below the key level of support at 880 points. Asked the mood at the beginning of the trading disappointing data on consumer confidence index from the University of Michigan. Excellent background for these comments have become eminent economists Robert Schiller and Nurielya Rubin, suggested that in view of the fact that consumers have not yet seen signs of slow decline in housing prices and the normalization of the situation on the labor market, the economy may still remain in the phase recession. In anticipation of the publication of quarterly reports a number of major players share the financial sector came under sales. Shares of oil and gas on the background level in the past under $ 60/barr. for class WTI oil prices have also noted the reduction of the cost. Offsetting decrease in equity shares of the indicators of high technology companies through a series of agreydov and enhancing fair prices for a number of companies from investment banks. On Monday morning, futures on U.S. indexes are deep in the red (SP 500: -0.89%)

In Asia, the beginning of the week was greeted in a negative tone because of increased experience, that the restoration of the largest trading partner for the key economies of the region - the U.S. will be delayed. Composite index of Asian stock markets, MSCI Asia Pacific (-1.7%) during the bidding down to the minimum marks for the last seven weeks. Speech at the weekend U.S. President Barack Obama, pointing out that they passed a package of incentives will show its influence closer to autumn, the mood is not affected. His contribution made to the lowering of quotations and political developments. So mark puts the decision of Prime Minister of Japan Taro Aso dissolve the lower house of parliament and hold new elections on 30 August, after his ruling Liberal Democratic Party in elections to the parliament for the first time in Tokyo for many years was unable to obtain a majority. In addition, market participants were somewhat disappointed with the timing of signing the treaty on economic cooperation between China and Taiwan after official comments of representatives of the latter.

At present, the main concerns of investors will be linked to the publication of corporate reporting
FT: Microsoft prepares to compete with Google
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Recommendations on shares of Gazprom, Gazprom Neft, Lukoil, MMC Norilsk Nickel, Rosneft, Sberbank
The closest support level shares Lukoil is in the vicinity of 1280 rubles
This week on the market of non-ferrous metals resumes upward trend
It is likely achieve the level of support for the MICEX index 850 points
Prices EUR /USD move to the level of support 1.3900
Overview of the foreign exchange market 13.07.2009