The start of the week on the Russian stock market was marked by a clear prevalence of negative attitudes within the legitimate gains momentum correction (RTS index - minus 5.11%, MICEX - minus 3.48%). The very low summer trading volume has also spoken in favor of technology, a legitimate correction. Under pressure from the morning of external negative - a negative opening in Russia. The decline - the whole day on As the negative dynamics of world prices for oil, base and precious metals. Pessimism prevailed, and in all the world's stock markets. After the euphoria of recent months - the apparent cooling of investor interest in risky assets. The result - a significant reduction in the closure of the entire spectrum of the most liquid securities (Gazprom - minus 4.55%, Lukoil - minus 3.07%, Nornikel - minus 3.46%, Sberbank - minus 3.51%, Rosneft - minus 4.98%, Surgutneftegaz - minus 4.41%, VTB - minus 2.38%). Closure of the main Russian indices close intraday minima, but in the projected year range.

today on a neutral background is not yet morning heralds a significant growth of the main Russian indices, in spite of yesterday's large decline, but a modest positive technical rebound at least in the first half of the tenders. So, after yesterday's sharp decline in world stock and commodity platforms today in the morning - probably the side, stagnation dynamics. The sharp decline in the closure of major U.S. indices yesterday (DJI - minus 2%, NASDAQ - minus 2.75%, S P500 - minus 2.43%), but flat the dynamics of futures for the major U.S. indices today. Leader reduction - stock Alcoa (minus 6.48%) the reduction of basic metals. Also, the negative tone of trading put and Lowe's shares in the company after a negative financial reporting and projections for the future (minus 10.3%). The decline - shares of major banks. At the end of the day, shares of Citigroup fell by 0.99%, shares of JPMorgan - to 4.05%, shares of Bank of America - at 4.77%. Against the background of the sharp decline in world oil prices yesterday - lowering the energy sector shares. The index of the largest oil companies fell on the day at 3.07%. Statistics from the real estate market (data for the start of construction) and the index of producer prices today will attract the attention of investors. From the financial statements - the focus of the company's Home Deport and Hewlett-Packard.

Yesterday's decline in commodity markets and the decline of America led to modest declines in the stock markets of Latin America (Mexico - minus 2%, Brazil - minus 2.51%, Argentina - minus 1.89%). Prevalence of moderate positive trends - in Asia (Japan - 0.16%, Korea - 0.2% China - 0.88%, Taiwan - minus 2.05%).

sharp decline against the backdrop of a significant strengthening of the U.S. currency - to the world oil market yesterday, flat trend in the auction in Asia today. October futures price of oil brand Brent, on the basis of yesterday's auction decreased by 0.9 to 70.54 dollars after the intraday minimum of 69.21 dollars. In Asia, the October futures price of oil brand Brent fell by 0.14 dollars. The market - in anticipation of the weekly American Petroleum Institute data on U.S. energy stockpiles.

Reduced by boosting the dollar and the euro - in the market of the major base metals yesterday, but a slight upward trend in morning auction today. As a result of yesterday's auction at the LME, three-month futures price of nickel declined by 1.23% after a 6-percent drop in days, for copper - at 2.64%, and zinc - to 7.07%, lead - to 3.33%.

sharp, up to 6 percent decline - in the ADRs of Russian oil and gas stocks in the U.S. yesterday, a negative discount relative to the closing prices of shares on the RTS on 14 August. Gazprom - minus 1%, Lukoil - minus 0.7%, Surgutneftegas - minus 4.4%.

The Russian stock market is expected to open on a neutral background for the main indices of divergent dynamics of the most liquid securities. Probability of intraday technical rebound after yesterday's decline on the one hand, but while multidirectional foreign drivers not to rely on the significance of the rebound on the other side. As a result, fluctuations of the MICEX index near future is expected in the range 1080-990 items, RTS index - 1060-960 points. Statistics of the U.S. will determine the dynamics of the major indices to close.

In the coming weeks, reducing the relative value of the ruble in the world market, may continue
Today is likely the growth of quotations of securities in early trades to follow divergent trends
In the case of rehabilitation to better the market will look neftyanka, Industry will continue to be corrected
Review of the FOREX market for 17.08.09
Overview of the foreign exchange market 18.08.2009
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