Results of the previous day:

At the auction on Thursday, the Russian stock market with a third attempt to decide on the formation of a technicalrebound up after rollback of the top border down the corridor.

RTS Index rose 2.51% to 1018.5 points, the index of the MICEX - to 2.78% to 1062.87 points. The volume of trades increased slightly.

On Thursday, the existing technical factors, signaling the overdue technical correction after the strong top-Strait of quotations in the previous days to find the arguments and the fundamental properties, which together contributed to the self bulls regained their previous form.

recuperation received prior to the end of auction, thanks to a sudden sharp decline in reserves of black gold, according to data from the Ministry of the United States, continued to influence the mood, not only in the energy market, but also in equity markets, which saw the publication of these data a reliable sign of ongoing economic recovery. When turned to the maximum marks the beginning of the year prices for black gold in the world followed by more confident than before, buying shares in the oil and gas segment, which has changed the attitude of investors to the Russian stock market, where the weather is the main form of time, these chips.

prerequisites for the restoration of the Russian market and has established a global positive mood on global stock markets, where the sedative was made in China, the prevailing positive trend, and rising expectations to see a favorable macro-economic data have been deprived of the reasons for aggressive sales.

The Russian market with a foreign background has opened higher than the closing of the previous day and rushed to the remains on Tuesday gepu down the MICEX index (1059 points). Issyakanie impetus to growth in oil prices is not allowed to implement plans - the growth of the composite stock indicator stopped on the approaches to the 1055 items, which have intensified sellers. Released by day account from the network department stores Sears Holdings, which had disappointing, and the weak data on applications for unemployment benefits have increased, this process, resulting in market values revert to the beginning of the day.

morning, however, the gap has remained well and nezashitym. Initially, on revenues bulls came to a positive start bidding on Wall Street, which forced intraday Bear cover short and in the future and the fresh batch of statistics. Thus, the index of leading indicators at 0.1% was worse than forecasts, but the positive changes recorded for the fourth month in succession that is more than convincing manner is becoming more confident is that the recession has already ended. Released at the same time, the index of business activity in the manufacturing sector in the zone coverage FRB Philadelphia reinforced those thoughts, because he was equally optimistic, as published on Monday a similar indicator of the FRB of New York. Recent figures showed that the decline in stocks has apparently been completed, allowing the company to begin to increase production.

The macroeconomic data have given new impetus in the growth of U.S. market share and reverse the intraday losses on the oil market, which consequently affected the behavior of the MICEX index, which completed tenders for intraday peak, breaking the resistance of the lower limit of gepa down Tuesday.

At the sectoral level with the exception of oil prices was not significant drivers. Oil and Gas Sector (Micex OG 3.5%) was able to compensate for an anomaly, when rising oil prices on its position attacked bears. Other segments of the market indicated a smaller increase in market value: Micex FNL (0.72%), Micex MM (1.24%). In the energy sector (Micex PWR 0.09%), a wave of profit on fixed shares of the companies that unwittingly became the beneficiaries of the disaster took place on Sayano-Shushenskaya GES. Long suffering RusGidro shares went up by 0.82%.

Looking at this market:

U.S. stock market continued to recover from losses earlier in the week (SP 1.09%). At this time, the support provided optimistic data on an index of business activity in the manufacturing sector in the zone of influence FRB Philadelphia and the index of leading indicators, which became yet another confirmation that a recession in the U.S. economy recedes. In this faith, and U.S. Treasury Secretary Timothy Gaytner claiming that the U.S. economy in the early stages of recovery due to improving the situation on the labor market and the housing sector. Data on applications for unemployment benefit, which turned out to be worse than forecast and included the words of Mr. Gaytnera of dissonance, the willingness to buy is not affected. Supporting the market has also had a desire to return the AIG CEO of the State back those funds, which at one time saved AIG from collapse. Published prior to the auction disappointing report from the network department stores Sears affected only in its actions, and not resulted in a sale in this market segment, and the market as a whole. However, up one's ears to the fact that trading volume amounted to a small value, and that the continued flow of capital to the US Treasuries. At the end of the working week, futures on major U.S. indices deviated downward from the neutral point (SP 500: -0.44%)

Asian stock indices on Friday went together in the negative region (MSCI Asia Pacific -1.1%). The return of pessimism helped leak information to the press that the Chinese banking regulator has sent lenders a preliminary assessment of the plan change additional capital, which resulted in many banks have to sell existing shares on the balance sheet and /or to suspend lending in the previous volumes in order to comply with the standards of sufficiency capital. Added fuel to the fire, and weak corporate reporting several notable companies, including China Mobile, Rio Tinto and Insurance Australia Group. In the Asian session strengthens its position the U.S. dollar and Japanese yen, which serves as a reliable indicator of weakening appetite for risky assets.

At the commodity markets in the pricing intervened strengthening U.S. currency. Oil Prices sorts WTI ($ 72.5/barr.) After the consolidation on the approaches to the maximum value from the beginning of the year away from these levels.

The Russian stock market on Friday will open with gepom down, followed by a wave of profit for the fixation of open long positions yesterday. Zone in 1036-1040 points on the MICEX index in the future could make the support, where bulls, translating the spirit, make attempts to extend yesterday's rebound upwards. Their main advantage will be now waiting favorable data on the number of sales in the U.S. secondary market (18-00), which together with the statement made by the head of the Fed Ben Bernanke about the financial crisis that will determine: how the mood would be to complete the world markets this week and start the next. If the area in 1036-1040 points to stand, then it is possible that would open the way for the recent wage, if the bull show resilience, it is likely that the award will be given podskok up MICEX index with updating yesterday's highs. Based on these assumptions, and should take now speculative trading solutions.

FAS Russia intensifies control of the market eletkroenergii in response to an incident at the Sayano-Shushenskaya GES
Review of the FOREX market for 20.08.09
Japanese currency continues to strengthen against the U.S. dollar for a long time
Sweep policies

the end of the year the number of companies in the insurance market could shrink by a third ...

The Russian stock market has not yet determined the direction of further movement
Tehanaliz shares in Sberbank : At the 2-hour schedule of ordinary shares Sberbank test the lower border of the ascending channel
While futures on the RTS index moves in the downstream channel, the upper limit of which is held in the region of 102 000 points
In the red, despite the closure of the morning break, there are shares of Gazprom, Sberbank, VTB, Norilsk Nickel
The temporary increase of electricity production will have little impact on long-term value of TGK-13