World stock markets

program cash-for-clunkers proved so popular among Americans, that the authorities decided to allocate the additional $ 2 billion to finance it. On Thursday, the bill was finally approved by the U.S. Congress. Recall that initially on the program was given a total $ 1 billion, which should have been enough, presumably, for a few months of sales. However, citizens of both inspired the idea of receiving subsidies when purchasing a new car to replace the old one, that the allocation of budget funds have been spent in less than a month.

According to data published in Thursday on the labor market, the number of American citizens, first applied for unemployment benefits last week, amounted to 550 thousand compared to 584 thousand, recorded a week earlier. The market-consensus forecast figure of 580 thousand, however, the number of Americans continuing to receive unemployment benefits during the week from 20 to 26 July, by contrast, has increased to over 6.3 million people - a week earlier benefit received slightly less than 6.2 million.

Today, the U.S. Department of Labor has announced the official figures for unemployment in the country in July: Investors fear that the unemployment rate reached a record over the past 26 years, 9,6%.

Major U.S. stock indexes finished the last trading day of losses. Dow Jones Industrial Average fell by 0.27% - to 9256.26 point, Standard Poor's 500 reduced 0.56% - up to 997.08 point, Nasdaq Composite has been less than 1%, stopping at 1973.16 points.

European Central Bank, as well as the Bank of England, took the decision yesterday to leave the level of the base interest rate unchanged - at the level of 1% and 0.5%, respectively. The latter also announced plans to pour in the UK economy 84 billion U.S. Capital groundsin Europe on Thursday, had grown up.

On Friday morning markets in the Asia-Pacific region showing predominantly downward trend.

Metals Market

Growth dollar against major world currencies and the absence of supportive economic news have a good reason for long-overdue correction on the London Metal Exchange. Her start was quite dramatic. On Thursday LMEX, the combined value of the index of six metals traded on the LME, fell to 3.5%.

greatest loss suffered lead, the value of which collapsed the day at 4.9%, with an increase in stockpiles of the metal at 1.2%. Nickel dropped in price on 4,2%, prices for aluminum and copper proseli at 3.9% and 2.8% respectively.

On Friday morning metals are still trading in red. Helping them to get out could published statistics on the evening of the labor market in the United States if it proves positive. In another case, metals risk a week to complete the minor note that, by the way, it would be better for them.

oil market

Oil slightly cheaper at the auction on Thursday. Brent has lost 0.9% of the value, close to the mark at $ 74.83 a barrel, the price of WTI fell to 0.04% - up to $ 71.94 a barrel.

correction in the energy market was noted on the background of a general weakening of support for the external background. Its shallow nature shows that the traders of oil platforms, in contrast to the metals market traders do not believe perekuplennym in the current market conditions and are not yet ready for a dramatic discharge of oil futures.

some support quotes black gold, also produced a statement yesterday, the oil minister of Kuwait, Ahmed Abdullah Al-Sabah. In his view, at the upcoming OPEC meeting in September, its members will likely decide to maintain the quota of oil production, or reduce them.

on Friday morning with a moderate correction in prices for black gold continues.

Russian Market

At the auction on Friday, the Russian stock market did not avoid the correction that began as early as Thursday evening. Following continued growth this week, traders, obviously, make haste to exit to go in the money.

Italy will publish data on the evolution of GDP in the second quarter at 12:00. Ministry of Economy and Technologies of Germany publish indicators of industrial production for June at 14:00. United States Department of Labor announced in July the unemployment rate in 16:30.

The financial statements for the past quarter, as expected, posting Allianz SE, and The Royal Bank of Scotland Group plc.

Futures Brent oil class on FORTS is currently trading near highs
Continued decline expected in the oil and gas sector, and among the shareholders of ferrous metallurgy
The objectives of futures on RTS index when it is falling - 85 000 items
Statistics on the U.S. labor market may be crucial to the dynamics of the Russian market at the end of the week
During the session, the paper VTB will continue to consolidate in the short ascending channel
TMK shareholders approved the involvement of $ 450 million loan from VTB
Fund Finam Nizkolikvidnye action opens the regular interval
In the 1 half of 2009, the enterprise division of Severstal Russian Steel construction companies put more than 840 thousand tons of steel products
Review of the FOREX market for 06.08.09