await a decision on the CBR refinancing rate

Today will be a meeting of the Board of Directors of the Central Bank, which is probably a regular decrease in the rate of refinancing. Moreover, as the previous fall, it may be more than 0.25 percentage points Actually, the conditions for such a step there - inflation is firmly under control, and the need for strong signals to the market also remains - banks are not increasing their loan portfolios, holding back economic recovery. Just yesterday, Kudrin reported to the Prime Minister that the state-owned banks willing to lend at 8-12% per annum. Therefore, additional reduction in rates of the CBR would be an additional incentive for increased credit to the economy. Where will the next rate cut? To continue the rally on the market of ruble-denominated debt, followed by its projection on the attractiveness of shares of blue chips. In addition, after the adoption of Brazil's decision to impose tax on the purchase of foreign securities, Russia's market may drag on a portion of investors' funds, previously focused on this country. We continue

to bet on shares of commodity companies.

Tuesday will give a clear understanding of what the balance of forces bulls and bears in Russia market
From the macroeconomic statistics, the U.S. will determine whether Russia will complete the indexes on the day of the new annual highs
Against the background of the depletion of positive factors should expect high volatility in the stock market
Excess liquidity and prized oil does not give our market to carry out a long-awaited correction
In the short run may be a decrease quotations of Russia's currency to the dollar
Since the beginning of a new week, the growth in world stock markets resumed
Prices for industrial metals in London tore up the price of gold rose to $ 1070
Forex Market. 20/10/2009
The State needs a plan