U.S. indexes closed lower on the eve, in the morning continued downward movement in futures. Asian stock exchanges and traded in the red, in particular, playing an unexpected increase in Bank of India reserve requirements for banks. However, the main intrigue unfolded in the currency market - at the end of the week the EUR /USD updated semi-annual minimum of 1.4 and continued to fly down, reflecting growing concern about the ability of markets in Greece (and a few other large economies, notably Spain and Portugal) to refinance and service duty. For example, credit spreads on the Greek government securities reached a record, and the market is more negatively evaluates the effects of weak economies, the euro zone on the overall stability of the European Monetary Union (for example, one of the most influential economists in Davos, N. Roubini even talked about the risks of its decay). In turn, the strengthening of the dollar against the euro and other reserve currencies, putting pressure on commodity markets that Russia”s stock market is a clear disadvantage.

However, during the day markets got a chance to adjust upwards - to support European corporate reporting (BMW, Infinion) and, of course, the block statistic data from the U.S.. Almost all indicators were better than market expectations - 4Q09 preliminary estimate of GDP showed the highest growth over the last 6 years (5.7%) in the consensus 4.7%. Exceeded the consensus forecast and data on consumer confidence, and Chicago”s index of manufacturing activity. Against this backdrop, Russia”s stock market after a volatile trading session closed in positive territory - stock index added to 0.9%.
Meanwhile, after the closure of the main trading session in Russia, the background once again deteriorated. U.S. indices, after a short climb, finished the day in the red, losing 0.5% to 1.5%. Satisfactory macrodata, apparently, have had less impact on the market than the total loss of appetite for risky assets, and the leaders fall, despite a strong record of Microsoft, were shares of technology companies. Technically the same SP 500 rolled off below 100-day moving average, which could become an additional reason for sales. While continuing to strengthen the dollar and lower oil prices. This was partly played Russia”s futures Forts - decline was 1-1.5%. On the morning of negative sentiment continued in Asian markets.

At the end of the day Russia”s stock market may deteriorate to a mark in the 1390 points on the MICEX Index
The level of support for fixed-term contract on RTS index today - 142 800 points
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