By 11:05 Moscow time, Russia's stock index slightly reduced: RTS (-0,31%), MICEX (-0.40%), which opened near yesterday's close. English FTSE loses 0.2%, French CAS40 is reduced by 0,24%.

unexciting contributed to yesterday's opening of a significant drop in oil quotations, which sunk more than 3%. While the closure of U.S. indexes were in positive zone. Dow Jones closed at 9,539.29 paragraph mark, an increase of 0,31%, S P500 was 1028 n. (0,24%). This contributed to the totality of the dynamics of the following factors.

was good statistics on the level of consumer confidence. In addition, expect to keep the post of head of the Federal Reserve Chairman Ben Bernankefor a second term still add optimism to investors, confident in the effectiveness of its actions to overcome the effects of the financial crisis.

The oil market on Wednesday, prices have remained virtually unchanged after falling the previous day. Price nearest futures contract for WTI crude oil was 72.1 dollars /barrel.

Russia's blue chips show differently directed dynamics. Quotes of the most liquid shares on MICEX are: Gazprom - 169.60 rubles (0,22%), Lukoil - 1613.77 USD (-0.69%), Rosneft - 205.08 USD (-0.83%), MMC Norilsk Nickel - 3385 RUR (-1.17%), Sberbank - 48.55 RUR (-0.41%), VTB - 0.0436 USD (-0.23%), RusHydro - 1,103 rubles (0,55% ).

Among the recent important publications single out the following:

Supervisory Board of VTB set the price of shares in the placement of additional issue at the level of 4.82 penny. Information about the offering price has appeared in the press for the past week, and the final decision of the Supervisory Board is unlikely to have an impact on market quotes.

August 25 was a conference call with the Acting Chairman of the Board RusHydro Basil Zubakina about the accident at the Sayan-Shushenskaya HPP (SSHGES). The reason for the call has become a fact of clarifying the situation and the prospects arising from the accident at SSHGES.

SSHGES recovery phase has begun, which will take 4-5 years (per year will be introduced 2.3 blocks) and will require investments of 40 billion rubles. However, the amount will vary as the work of the special commission, which examines the damage caused by construction.

We believe that the information voiced during a conference call that adversely affect the share prices RusHydro, as the company's management recognizes the significant amount of damage caused SSHGES, and mechanisms for funding the restoration of the station so far are probabilistic in nature.

Further dynamics of Russia's sites will be determined by several factors, foremost of which will be oil prices. Also significant will be the impact dynamics of U.S. and Chinese stock indexes. Many of Russia's blue chips up against a strong resistance levels, and prices for black gold could not overcome the level of 75 dollars /barrel, so it is advisable to be careful with the opening of long positions. Although the prerequisites for a deep correction at this time either, the most likely scenario sees the continuation of Russia's movement sites in the side corridor.

Review of the FOREX market for 25.08.09
What would catch on ...
European stock markets finished Tuesday increased the basic indexes, continuing to set new records this year
Opel exhibited Merkel makes a mockery?
Gazprom's net profit according to IFRS in the I quarter. decreased in 2,6 times higher than forecast
CEC was determined with the start date of the election campaign
NBU: The interest to participate in the capital showed Ukrprombank U.S., Russia and the Swedish company
What happens in the banks?

In banks again began to return depositors ...

After a small decline at the opening of Russia's indexes traded near zero marks