We start the new week with hopes of overcoming the negative tendencies, despite looking down on the futures and multidirectional nature of corporate reporting overseas. To help investors in these hopes should greatly added to the cost of oil coupled with a relatively hassle-free external information background. Separate mention should be made of paper Rostelecom, which grew by 15% after it became known that the charge of the reorganization Rostelecom topic of public relations will be classmate of President Dmitry Medvedev, Vadim Semenov.

In general, the MICEX index has formed a doubtful trend: trading activity is very high (last time it was observed only in early June at the start of the summer correction), but because of the dynamics of the volume and nature of the closing of the week were shown to local maxima above which the market can not go. At the same time to confirm the reversal on the weekly chart is to await the completion of trades this week. On the U.S. market trading on Friday ended lower against leading indexes a large number of corporate news. Investors were disappointed with the reports of banks, and, above all, the outcome of Bank of America, which has been a loss of almost a billion dollars on the results of III quarter 2009-year.

Also, do not add optimism to investors and corporate record multidisciplinary group General Electric. So, at the end of III quarter net loss of Bank of America made $ 1 billion, compared with a profit of $ 1.18 billion for the same period last year. General Bank grew revenue by 32% reaching the level of $ 26.04 billion, while in the III quarter of the year 2008 this figure was fixed at $ 19.62 billion, the Bank argued so weak data the overall weakness of the U.S. and world markets and payment to the U.S. government to end the program guarantees on bank assets of $ 402 million

Against this background, quotes Bank of America fell by 4,6%. Poor have losses and paper group General Electric, whose net profit in the III quarter has decreased by 44% to at least $ 2.5 billion, compared with the level of $ 4.47 billion received in the corresponding period last year. Sales of GE for III quarter fell 20% to a level of $ 37.8 billion, compared with $ 47.23 billion last year. Quarterly data have resulted in reducing the company's stock price on 4,2%.

better formed a trading day for the corporation Google, whose net profit for 9 months increased by 18,3% to a level of $ 4.45 billion, and in III quarter has increased by 27.1% to $ 1.64 billion, that significantly exceeded market expectations, so the quotes of Google stock rose by 3,8%. Absolutely another was reporting from one of the world leaders in computer manufacturing and computer services - the company IBM. Net profit for 9 months increased by almost 9% to a level of $ 8.61 billion, while waiting for an even more successful results. IBM shares have lost in the price of 5%.

Even before the start of trading the U.S. Treasury Department reported that net capital inflows in August totaled $ 10.2 billion, compared with $ 107.7 billion in August shortly after the U.S. Federal Reserve reported that industrial output in September compared with the previous month increased by 0,7%. On oil markets, prices decreased on the background of technical sales. Since the beginning of last week's oil quotes have increased by an average of 12,5%, and on Friday morning, all reached the highest level in more than a year. In addition, lower prices actively contributed situation on the currency market Forex, where the dollar has risen in price against the euro and other currencies, except the British pound. After falling in early trading prices rose, but by the end of the session buying more steel to gain momentum, as encouraging economic data released last week, prompted investors to invest in riskier assets such as oil.

Recall also that the deadline for the November contract for crude oil WTI expires on Tuesday, as investors have often invested in futures in anticipation of this event, trying to make a profit, which increases volatility. Strongly surprised by the fact that prices continue to rise, while the rise in prices of shares and the weakening of the dollar has already been played the market in previous periods. If the main factor in rising oil prices were expectations of rising demand, there is a misunderstanding of the causes of approximation to the price levels that are negative for economic recovery. Now investors have feared that rising oil prices trigger a rise in prices for motor fuel stations. This can lead to the fact that consumers will divert more funds for the purchase of energy, thereby constraining economic recovery.

Today in Russia the market after a positive opening, we expect continued growth, but not throughout the session, since the technical signals on the activity index down talking about a withdrawal, but at the cost of oil at $ 78, this can go down and set aside, turned to the side movement. Better the market will feel the telecommunications and oil and gas sector.

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