last week

Last week on the equity market was very tense. Against the background of a large amount of macroeconomic statistics from the U.S. domestic stock indicators were able to update the annual maximums. The growth indices as promoted strong corporate reporting in the U.S., weakening the dollar and strengthen oil prices. Growth continued throughout the week and only on Friday the market went, finally, the movement resembles correction. Markets rally at the moment strongly overheated, and recoilless continued growth is becoming more problematic. Most Friday got shares of the banking sector. Sberbank lost 3.9%, and the paper became cheaper VTB 5,12%. Russia's statements followed the general trend, they sold the banks and are reluctant to part with papers oil companies. The same picture before it was possible to observe both the U.S. and in Asian trading floors. Better the market looked Paper Lukoil and Rosneft. Support domestic oil industry provided the high oil prices, which with admirable tenacity ignored the negative dynamics of futures for U.S. indices. It should be noted that in this respect, the situation does not change, and on Monday morning. Oil quotes in morning trading are consolidated near the local maxima.

So, on Friday the MICEX index fell by 1.83%, to 1,317.07 points, RTS index - on 1,79%, to 1408.68 points. The volume of shares traded on the MICEX Stock Exchange amounted to 80,9 billion rubles. The total volume of trading in all markets, the RTS on Friday reached 109.4 billion rubles.

U.S. Market

Market U.S. stocks on Friday, slightly short of the maximum values of the past week. After a large number of corporate statistics and macroeconomic data block, investors were in a difficult position. Companies are accountable are not bad. Excellent felt in the III quarter of the banking sector, well-made reports and technology companies. However, the main banks' profits derived from transactions in the financial markets. But consumer credit continues to be a rapid peak. Labor market situation, in fact, so it remains unchanged. With the end of the reporting season in the markets can not remain additional incentives for growth. Correction on Friday was against a background of weak accountability of the largest U.S. bank Bank of America. The Bank recorded a net loss for the third quarter of $ 1 billion, or $ 0.26 per share. Bank Revenues in the third quarter totaled $ 26.04 billion from analysts expected $ 27.65 billion, Bank of America shares dipped 4.6%. Not very pleased reporting GE. Earnings General Electric Co. from continuing operations in the third quarter of 2009 decreased by 51% - to $ 2.5 billion, or 22 cents per share. Revenues decreased by 20% to $ 37.8 billion, analysts on average predicted the figures at 20 cents per share and $ 39.66 billion, better stock market looked like Google. In the course of trading corporate securities rose by 3,8%. Earlier it was reported that Google Inc, fixing up the past quarter, net revenue growth of 8% profit - 27%, announced on Thursday that the worst of the crisis is behind us. As a result of the auctions the index Dow Jones Industrial Average on Friday fell by 67.03 points (0.67%) - up to 9,995.91 points. Standard Poor s 500 has decreased by 8.88 points (0.81%), amounting to 1,087.68 points.

Syre

the oil market situation remains stable. Prices for black gold consolidated near the $ 79 mark per barrel. Growth of quotations promotes a sharp decline in distillate stocks in the United States. And as weakening dollar and optimism on world equity markets. Increasing consumption forecasts neiti in 2010 from two reputable organizations continued to support the market. Also on Friday came out good statistics on the U.S. industry, which has pleased, adding in September, 0.7% in monthly terms, with growth forecast at 0.2%.

Asia

Asian auctions take place with mixed dynamics. Opening of tenders in the region was held in negative territory. However, closer to the closing of the auctions the situation has improved considerably. Most indexes in the region are traded in the black. Lag behind Japan and Australia against the backdrop of harsh sentences Bank of Australia. The engine of growth in Asia today as the Chinese sites, which grow on the background of strong forecasts for GDP. According to the forecasts of the authorities of China's GDP for the year will exceed 8%.

Today

External background before opening the bidding in Russia - combined.

• U.S. indices closed in the red, but a full correction has not happened;

• Quotations oil stabilized near the maxima;

• Futures on U.S. indexes are traded at zero;

• Asia demonstrates the dynamics of the neutral, but gradually fall in the indices, plus;

• Futures on the RTS index in the night session grew by 0,6%

opening trades forward gepom up to 0,5-1%. A weak positive trend in the morning could well turn into a continuation of growth, if investors consider the current levels are attractive for purchase. Theoretically, the market may look more sold on the eve of banks. However, until the situation is very precarious and Long only be opened with a stop at the lows on Friday.

The main factor supporting Russia's market today should be oil
During today's trading at the domestic players to improve is a good chance to take revenge after last Friday's correction
FGC is investing in the construction of new transmission lines in Yakutia 4.8 billion rubles
Exchange rate of dollars saved without changes - the morning review of cash markets
Kommersant: The National Bank has reached the limit
Gazprom has formed a policy-2010: pressure on Kiev and Brussels will return

If we believe that the blockade of Ukraine, Turkmenistan, and then was a prelude, then the policy next year budetnepredskazuemoy ...

Oleg Deripaska is suspected of involvement in the case of Russia's mafia in Spain
A gradual slide down the market will continue until the index MICEX will not be reached support at 1250 points
Investors expect to make a bet that the world stock markets: to continue the rally, or on profit-taking