Russia

Russia's stock market on Thursday demonstrated a decrease, in spite of a positive external background. American sites have closed before the increase, showing a positive momentum and oil prices. However, investors did not rush to buy overheated Russia's actions, but to use lower U.S. futures as a reason for the correction. Coming in during the session positive data reporting U.S. banks and makrostatistika were ignored by the market. At the end of the day the MICEX index fell by 1,6%.

In leaders was to reduce the financial sector, in which investors are actively fixed profit on the fact of positive reporting Goldman Sachs and Citigroup. Sberbank shares have lost in the price of 4,1%. At the bank quotes the pressure exerted as preliminary data for 9 months 2009 under RAS. Sberbank's net profit for this period is expected to reach 8 billion rubles. A year earlier the figure was 102.9 billion rubles. VTB shares have lost in the price of 3,9%.

Quotations oil, after adjusting the rapid growth of the previous day, called multidirectional movement in the papers of oil and gas sector. Lukoil fell by 0,7%, Gazprom - by 2,2%. Papers of the gas monopoly, after an impressive rally faced resistance at 200 rubles. To overcome that, you must first remove overbought.

Transneft published statements under IFRS for the I half of 2009. According to the company's net profit for the period increased by 23,3%, revenue - by 28,3%. Investors reacted positively to the reporting and prefecture Transneft went up by 0,7%.

Forecast

External background - moderately positive. These statements of U.S. banks, raised a record profit in finsektore, but the positive movement of the energy sector has stimulated the growth of U.S. indices. At the Asian sites observed hetero-directed movement. Oil prices continued to rise against the background of fairly good data on the stocks of energy in the United States. The cost of a barrel of Brent is currently traded at $ 76,4. Against this background, we expect the opening of Russia's markets into positive territory. Attention investors can now draw the shares of oil and gas sector. From makrostatistiki noteworthy data on industrial production in the U.S. (17.15 IST), as well as consumer confidence (17.55 IST).

The intrigue surrounding quotes oil companies today are very high
Evening session again brought to the wave of growth in derivatives market, futures on the RTS index added 1,8%
EPFR Recent data confirm the essential role of Western money in the current rally on emerging markets
Good reporting is already built into prices, and now the participants seemed a good chance to emerge from the papers
At today's auction market will look better than paper Inter RAO UES
Over the past week planned electricity consumption in Russia increased by 3,2%
MTS received permission to build LTE networks in Uzbekistan
Review of the FOREX market for 15.10.09
Asian exchanges traded today with mixed dynamics