No ideas and no movement

Russia

Russia's stock market during yesterday's trading session dealt with the elimination of the morning breaking down as a result of the RTS index lost just 0.2%, while the MICEX index closed nearly all below zero (-0.02%). Trading volume on the RTS stock exchange was $ 3.51 billion, of which $ 2.18 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section to gain by selling 142.9 billion, turnover in Russia's key index amounted to 46.1 billion rubles .

still much better than the market looks automobile sector (KAMAZ: 30%, AvtoVAZ: 8,1%), yesterday joined the company power, after the announcement of the revision of tariffs in the direction of their increase.

Europe

indices of the Old World have fallen by an average of 0,3%, which means the virtual absence of trading ideas on the market. Economic statistics and dynamics of raw sites crushing down (positive sow only leading indicators and indexes all kinds of moods, other data showing a decrease in the maximum rate of decline), projections on the contrary push quotes upward (EU functionaries expected to start reconstruction of the European economy in the third quarter of this year), -- as a result, most investors prefer to stay somewhere between these two extremes, and waits for more specific call to action.

America

indices of the New World increased by 0,2-0,6%, mainly due to positive corporate news and improve forecasts fair price for a number of companies, in everything else reigns unprincipled and even confusion. Definitely can say only this: If it were not for enormous monetary liquidity generated by central banks, the values of the vast majority of world indices were would be much lower than current levels.

raw materials, currency and so on

industrial metals on the auctions in London continued to decline - the largest mining companies have already announced a possible production cut to support prices. Gold can not overcome the mark of $ 1000. The U.S. dollar has suspended update of local minima, apparently waiting for signals from the speaker tonight, Ben Bernanke (very much like to see the chairman of the Fed finally gave unambiguous comment on the events and strategies led by his agency in the near future).

Oil prices remain below $ 70, but a collapse of quotations has not happened - the level of support at $ 68 survived. The recent dramatic accusation Russia's oil companies in OPEC ousting from the market, possibly indicates the beginning of a serious confrontation, in which the cartel, for the sake of retaining their shares, will be forced to revise target price downwards, and either raise the quota, or turn a blind eye to poor discipline on the actual extraction. All this does not inspire optimism about rising energy prices, particularly in terms of decreasing demand. Nevertheless, in the current situation futures on Brent crude traded around $ 68, futures on WTI crude oil cost about $ 69.25 (November contracts at 9-30 Moscow time).

Statistics and Reporting

Tuesday promises to be extremely rich in information terms week: at 12-30 (Moscow time) is published by the Consumer Price Index in the UK, 12-45 (Moscow time), the Bank of England to report on inflation, 13-00 (Moscow time) published indexes of economic sentiment ZEW (Center for European Economic Research) in Germany and in the whole euro area, at 16-30 (Moscow time) leave the data on retail sales and consumer price index is published in the United States, 18-00 (Moscow time) to start speech Fed Chairman Ben Bernanke.

Quarterly reporting will provide Adobe, Best Buy (the largest in the U.S. retail chain selling home appliances), and The Kroger (the third largest chain of supermarkets in the U.S. universal). It is unlikely that the market response to these data will be strong, because before the next reporting season, there are still three weeks, but take note of them still stands.

As of today, CBR refinancing rate drops to 10,5%. It appears this is not the last value of the rate reduction and may soon drop to 10%, ie at least another 0.5 percentage points.

Forecast

opening of trading on Russia's stock market is expected to reach yesterday's close, possibly with a small gap up,the presence or absence of which would depend on the situation with oil prices and the landscape in the U.S. index futures directly to the top of the trading session.

From the perspective of technical analysis of the problem in the MICEX Index has remained the same: to advance to 1,200 points. The RTS index is already at 1200 points and ran into some problems: on the closing prices updated maximum value of this year, in absolute terms - is still there. In the case of breakdown of 1200 points, can be found growing in the quotes are 15-20%, if Russia's hold over the market hangs a possible implementation of double peak.

Do not rule out profit-taking players that can lead to subsidence of the market
The mood in the markets mixed, Russia's stock exchanges could open as in green and red zone
Today will be better than the market shares of oil and gas, steel companies and banks
Trading volume on the stock market, MICEX Stock Exchange amounted to 86 billion rubles
Today the impact on the markets can have economic report of the German ZEW research institute for September
The U.S. dollar on the forex on Monday and could not be strengthened against the euro
Dollar exchange rate is saved without changes - the morning review of cash markets
Between Germany and the European Union brewing conflict over Opel
Russia's officials said the threats of the Customs Union with Belarus and Kazakhstan