On Friday, Russia"s stock market opened a slight decrease on the background of cheapening oil and weakly negative dynamics of U.S. futures. Outside the background of recent days was contradictory - on the one hand, the market pressured news from China (the beginning of the tightening of monetary policy), Europe (fiscal and debt crisis in Greece) and the U.S. (a sudden drop in retail sales). However, recent data EPFR fix investors remain optimistic about Russia and the CIS - a week to 13 January inflow of funds in the region totaled $ 245 million, therefore, notwithstanding the local reduction in oil prices, already in the first hour of trading on Russia"s demand for paper has resumed that led to a renewal of stock market indices post-crisis highs. Then came profit-taking, in addition, the mood in world markets have deteriorated since the publication of the report JP Morgan for 4Q09, as well as block makrostatistiki from the United States.

Ambiguous report of the first major U.S. bank, reported last quarter, put pressure on markets, particularly in the equities of the financial sector. Although the net profit ($ 0.74 per share) significantly exceeded the consensus forecast ($ 0.61), the result was assured income from investment banking operations. In this first 1 square. 2008, the Bank has received the loss in the retail segment, as had to build up reserves to cover losses on consumer loans. Moreover, the bank"s chief executive promises to 1P10 quarterly loss on credit cards in the amount of $ 1 billion as defaults in this segment reflect the high level of unemployment in the United States. Stated on the eve of Barack Obama plan to tax the largest financial companies in the U.S. as a new tax is not added their positive actions.

Block American makrostatistiki was also mixed. Were better than expected data for the January increase in industrial activity in New York, inflation (CPI) formed below the consensus forecast, which indicates the possibility of maintaining supportive monetary policy the Fed. Data on industrial production coincided with the expectations (0.6%), although growth was achieved extraction of raw materials and power generation, with the downturn in the manufacturing sectors. But the greatest disappointment to the market brought a report on the index of consumer confidence in the University of Michigan - despite a slight increase in the previous month, it was below the consensus forecast, reflecting the deterioration in expectations of U.S. consumers over the next six months.

As a result, the U.S. indices closed lower on Friday (DJIA -0.9%, S P500 -1.1%, Nasdaq -1.2%). European indexes also finished the day in a prominent minus (FTSE -0.8%, DAX -1.9%). This occurred against a background of strengthening the dollar against the euro (FRG Chancellor Angela Merkel acknowledged that the debt problems of Greece may have a negative impact on the European currency) and the continuing slide in oil prices.

Russia"s stock market indices closed in the weak negative (-0.2% MICEX, RTS -0.07%). The worst of the market behaved in Gazprom"s shares and steel companies, while the leaders of the telecom growth has been "shot" at 4-9.5%. Shares of banks (Sberbank and VTB), despite the negative sentiment on the foreign exchanges in respect of the financial sector showed modest growth and updated the maxima in autumn 2008

On the morning external background continued to deteriorate - trades in Asia, opened with a marked decline, oil prices continued to fall in price. At the same time in the last hours of the loss on commodity and stock exchanges were played in Asia has developed countervailing dynamics of stock index futures and the U.S. came in a small plus.

Today, we look forward to the opening of trading on Russia"s market with a moderate decline, as indicated by quotes ADR in Russia shares and share prices on premarkete. At the same time during the day possible return of the market into positive zone, followed by improvement in the external background. A significant makrostatistiki today will not be published, and in connection with a holiday in the U.S. (Martin Luther King Day) activity on world stock exchanges is expected to lower than normal.

During the week of the American makrostatistiki should pay attention to the TICS (Tuesday), PPI and the beginning of a new building (Wednesday). More important for the market to become corporate quarterly reports. So, this week held accountable largest U.S. banks - Citigroup (19), BofA, Morgan Stanley, Wef62lls Fargo (20), Goldman Sachs (21). Traditionally, their results are considered as an indicator of the depth of the crisis /recovery of the financial sector and the American economy, and clears all the world markets. In general, although the external background and remains ambiguous, for Russia"s markets are dominated by the positive sentiment.

MICEX this afternoon, probably will be traded in a weakly negative zone near the mark of 1,445 points
An information plan Monday promises to be quiet and calm
External news background before opening a Russian trading platforms over the negative
Trading volume on the stock market, MICEX Stock Exchange on Friday amounted to 93.38 billion rubles
Gazprom and the Irkutsk region administration discussed the formation of the gas market along the route "Chikanskoye GCM - Sayansk - Irkutsk"
Review of the FOREX market for 15.01.10
Late last week working on forex was marked by further strengthening of the currency of refuge against the general decline of interest in risky assets
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