Neutral reporting

this morning's background has been quite positive. U.S. indices closed on Thursday assured growth. Thus, on the day of S P500 added just over 0.8%, while DowJ and NQ Comp. grew by more than a percentage. This trend was largely due to good reporting, which came out yesterday during the day and the expectations of market participants at the conclusion of a recession this year. The basis for these assumptions has been a strong decline in the number of initial applications for unemployment benefits, which for the week declined by approximately 45 thousand, compared with the previous week. Asian indices also showed mostly positive momentum, while showing insignificant increase on average no more than half.

negative moments for the Russian market today has been the strengthening of the dollar, which in turn affect the price of both oil and most other commodities. By 14.00 black gold adjusted to 0.8% on brand Brent and cost $ 63.25. Another factor that may exert pressure on the local area is to reduce U.S. futures indices. In general, despite the correction, in which indexes are to early summer, the market does not look cheap and, in my view, we can still test the mark of 850 points on the MICEX.

From the events of the second-tier accounting wants to mention the North-West IDC. In general, we believe the published financial statements of a neutral. Increased revenue IDC Northwest in 2008 compared to 2007 due to several factors. First, the growth rate for transmission of electricity. Secondly, the increase in performance. Taken together, these factors account for the proceeds from the transfer of electricity in 2008 increased by about 2007 at 14.3% and amounted to 734 million in the third, despite the crisis in 2008 to 28.5% increased revenue from fees for the accession process on the same period last year. On the other hand, the growth rate of operating expenses IDC Northwest at 1 PM was higher than the rate of growth of revenues. We believe that the publication of financial results of IDC Northwest IFRS for 2008. neutral impact on the company's stock quotes. We approximate the fair price of the shares IDC Northwest - $ 0.00357, recommendation - Buy.

Recommendations for futures on RTS index on Friday
Your local support remains the standard of 920 points on the MICEX index
In anticipation of the weekend in the second half of trading session on the Russian market can be followed by the sale of
Background of the growing trend seen in the actions of Lukoil, MMC Norilsk Nickel and prefah Surgutneftegaz
The next goal of the growth index futures on the RTS is located in the vicinity of 93 000 items
Competitive nanotechnology will be in Russia by 2015
The total debt of energy market participants with the 7 July, 2009 increased by 1.1 billion rubles
Review of the FOREX market for 16.07.09
The American stock market once again completed the day in the positive area