aircraft manufacturers rated

this morning's background for domestic sites is moderately positive. On the eve of the U.S. markets fell slightly. The engines are made by reducing the paper banks and commodity companies. Negative impact on the market have provided the players concerns about an overheated market and excessive outpacing the market prospects of the real sector. In particular, S P500 index lost about 0.3%. Positive factor as grounds for Russia today was a positive closure of the Asian sites. For example, Hang Seng added about 1%, India's Sensex rose by 0.86%, while the Korean KOSPI grew by 1,3%, while China fell by more than 2,3%.

enough positive factor for Russia's market was the long-awaited rebound of oil after four sessions of decline in a row. The reason for the rebound has continued weakening of the dollar and the data on Chinese imports, which in August increased by 18%. As a result, to 18.30 Moscow time on Brent gained more than 2%, again coming out on the level above 70 $ per barrel. No significant macroeconomic statistics today are not expected, the most anticipated event at this point for investors is the U.S. Federal Reserve meeting, which will be held tomorrow. No statements of changes in monetary policy is not expected, but there is a risk that we may hear a hint of possible change in this policy in the near future due to rising inflationary pressures. In my opinion, despite the serious 3.7% rebound on the MICEX index, during the week we can still see the correction caused by the subsidence of quotations of oil to levels of 1150 on the MICEX index.

Of the interesting news in the second echelon may be noted the Council's approval of United Aircraft Corporation (UAC) in stock prices aircraft building companies. In accordance with this estimate, the shareholders of 16 aviation companies have the right to exchange their shares for shares of additional issue of the KLA. In this regard, our recommendations are as follows:

• In the absence of shares 16 aviation companies, which can be exchanged for shares of KLA, the most profitable way to enter the capital of the KLA is to acquire ordinary shares and preferred shares Sokol, as well as the ordinary shares of EDO. Yakovlev.

• The most profitable replacement stock with the potential returns of over 200%, are for sale of preferred shares of EDO. Yakovlev and sale of ordinary shares VASO with the purchase of preferred shares Sokol. Nevertheless, given the large spread between the bid and offer price in preferred shares Sokol, perhaps it makes sense to do the replacement for ordinary shares of the company.

• High potential return of more than 100% can bring change of preference shares of EDO. Yakovlev and ordinary shares into ordinary shares VASO TANTK. Beriev, TAVIA ordinary shares, ordinary shares of EDO. Yakovlev, ordinary shares of OAO IL.

Quotes of the most liquid securities showed today OPPOSITE movement
MICEX index compared with the value at closing of the previous trading day increased by 3.596% to 1207.01 points
High growth potential have the shares of companies engineering, as well as the consumer sector
Today shares look better than the rest Sberbank and VTB, in which JP Morgan and UBS raised their recommendations
Antimonopoly law was imprecise wording
Ministry of Economy allows for 300 tons of sugar shortages in Ukraine in March-August 2010
The court suspended the sale of the Odessa port plant on the suit Dniproazot
A pair of dollar /euro this week, will be traded within 1,4700-1,4900, Ruble is enough volatility
The largest growth was led by Polyus Gold and Norilsk Nickel, which went up by 2,23% and 4,62% respectively