The Russian market yesterday continued its correction. Both the index - and the MICEX and RTS - test psychological level of 1000 points, but the follow-up session on MICEX index still managed to close higher, and win back some losses. The immediate objective of the RTS index - an area 900-940 points, it opens up the possibility of Perforation for a deeper correction. So far, market growth was not due to fundamental reasons, so the correction seems logical.

At the western markets began to discuss possible new banking write-offs. This has already had a serious pressure on the shares of banks and, probably, in the fall will face a problem particularly acute. For example, economists believe the ECB in the coming year and a half, European banks will write off about 283 billion dollars of bad assets, in addition to 366 billion dollars that they canceled the last two years, reports Reuters. IMF forecasts more pessimistic: Fund predicts that the cancellation of the European and British banks since 2007. in 2010. amount to 1.2 trillion. U.S.

U.S. banks managed to attract new capital is much better than Europe - partly because they are already clean their balance sheets.

Today, investors are awaiting release of data on unemployment in Russia in May
Today the Russian market is expected to multidirectional changes in quotations of securities with the probability of growth
Further direction of movement of Russia's quotations would depend on the behavior of commodity and currency markets
Over the past week planned power in Russia has decreased by 0.3%
NMTP introduced new management and accounting of petroleum and petroleum products
FAS ordered the CPS Rosbank to exclude confusion with the corporate style Rosbank
Prior to 2012, Gazprom is investing in the program for the disposal of oil about 27.7 billion rubles
Shareholders' IDC Center and Privolzhie decided not to pay dividends on the basis of 2008
The Ministry of Justice registered the writ FSFR to change the rules of information disclosure by issuers of securities