After a significant reduction in the beginning of the week, trading last Tuesday, ended a slight increase in the main Russian indices (RTS index - 0.19%, the index of MICEX - 0.29%). The complete correlation with the dynamics of world oil market. A significant correction to the dynamics of world equity markets. Neutral, in the prediction of the opening, intraday rebound modestly as a small short-term strengthening of world oil prices and modest growth in futures on major U.S. indices. Multidirectional closing after the return of international oil prices to a negative trend of the most liquid securities (Gazprom - 0.3%, Lukoil - 0.54%, Nornikel - minus 0.91%, Sberbank - 0.57%, Rosneft - minus 0.75%, Surgutneftegaz - 2.84%, VTB - 1.16 %). In general, the projected and expected behavior of Russian stock market correction on the background of strengthening the sentiment of world stock and commodity markets. Much summer volatility. The main activity - at the expense of individual speculation.

now established on the morning of the negative external background suggests a negative opening of the main Russian indices and the likely dominance of pessimistic mood of investors, most of the day. So, after a neutral start - a significant negative closing major U.S. indexes (DJI - minus 1.94%, NASDAQ - minus 2.31%, S P500 - minus 1.97%). Continued decline in world oil prices have put pressure on shares of the energy sector. The index of the largest oil companies fell as a result of trades at 1.87%. Mixed dynamics - shares in banks. At the end of the day, shares of Citigroup fell by 3.58%, JPMorgan shares rose by 0.64%, shares of Bank of America has not changed. The apparent predominance of pessimism in the mood of investors as they approach the season reporting companies over the past quarter. Negative, morning, the dynamics of futures for the major U.S. indexes. In the absence of meaningful statistics, the financial statements of Alcoa (the opening season of corporate reporting companies over the past quarter), define the dynamics of today's Wall Street at the opening. Also today, investors will monitor the reporting of Family Dollar, and Pepsi Bottling. The growth of the company's shares Amgen(plus 12.7%) and 3M (plus 2.8%) after the closure of the main auction can support Wall Street later in today's auction.

Against the backdrop of yesterday's negative dynamics of Wall Street, the decline - in the stock markets of Latin America (Mexico - minus 1.61%, Brazil - minus 2.3%, Argentina - minus 2.14%) and Asia (Japan - minus 2.35%, Korea - minus 0.38%, China - minus 1.48%, Taiwan - minus 0.7%).

Continued expressed negative dynamics against a background of continuing strengthening of the dollar and the euro - on the world oil market yesterday, the continuation of negative trends clearly after the bear the weekly oil statistics from the American Petroleum Institute (an increase of gasoline stocks higher expectations and a slight decline in oil reserves against expectations significant reduction) at auction in Asia today. August futures price of oil brand Brent on the results of yesterday's trades fell by 0.82 dollar to 63.23. In Asia, prices declined to 0.71 dollars. While militant attacks in Nigeria have had little support world oil prices. Today, all attention will be directed to the market weekly oil statistics of energy information.

Priority decline - in the market of the major base metals. As a result of yesterday's auction at the LME, three-month futures price of nickel declined by 1.75%, copper - at 1.41%, lead - to 2.34%, and zinc price increased by 0.26%. The decline - in the ADRs of Russian oil and gas stocks in the United States, a significant negative discount relative to the closing prices of shares on the RTS on 7 July. Gazprom - minus 3.06%, Lukoil - minus 2.8%, Surgutneftegas - minus 1.65%.

The Russian stock market is expected dominance of the negative dynamics of most of the day. Primacy of the short-term negative trend of the unutilized capacity reduction. Pressure from the falling world oil prices, the apparent pessimism of investors in anticipation of the quarterly financial statements of companies and the future reconstruction of the world economy as a whole. All of today's internal and external drivers are directed toward continuing the reduction of the entire spectrum of the most liquid securities at least the first half of the tenders. The dynamics of the opening of Wall Street and the dynamics of world oil prices after the weekly statistics to determine the direction of motion of the close of the market. Worse than the market - the dynamics of the shares of oil and gas sector. Testing the main index of 900 points with a short-term aim of moving towards 880 - 870 points. In general, the preservation of significant potential negative correction in the summer of broadband consolidation with the lower boundary of 760-800 points.

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