Successful placement gosbondov Greece yesterday afternoon trading on the exchange rate has supported the single European currency. Total volume of bids at the auction held by the Greek Government on placement of public debt was at a record 25 billion euros and more than three times higher than the stated amount of emissions. The rate of placement as a result of reduced to 6,2% per annum against the ad before the start of the auction 6,35% per annum.

However, given the success of the Greek financial authorities, obviously, does not mean solution to the debt and fiscal problems of this country. In 2010 they planned to bring another 54 billion euros of new borrowing to 66 billion euros last year.

Meanwhile, the information received in the market in the last hours of the market regulators, in general, it appears, once again contributed to the growth of evaluation of investment risks.

Bank of Japan today at a regular meeting left a key interest rate at historic lows at 0.1% per annum and refrained from new, alternative measures aimed at “easing” of monetary policy.

U.S. President Barack Obama on Tuesday, in the course of treatment within the “State of the Union” - an annual message to Congress - is expected to announce the administration”s proposal to reduce its 2011 budget a number of programs to streamline public finances. As of February 1 this year scheduled to present the draft of the U.S. budget for the next fiscal year, when the American President to clarify exactly what the program will be phased out. It is known that the costs of defense, homeland security, international affairs, as well as to help war veterans will not be reduced. Some programs support low-income citizens will be expanded. However, as a whole package of fiscal expenditures, which is estimated at $ 477 billion, will ultimately reduced.

Finally, from this day for a number of Chinese banks, seem to come into force earlier increased by 0,5% of the norm of compulsory redundancy. The uncertainty associated with the possible reaction of financial markets in China, that change has caused on Tuesday morning, a lively reduction quotations Asian stock indices and prices of a number of other relatively high-risk investment assets.

From the data of macroeconomics, emerged yesterday, the biggest impact on the prices of financial assets, obviously, could provide information about the reduction in December of this year American indicator of sales in the secondary housing m1000arket, whose value amounted to 5.45 million units., against 6.45 million units. in the previous month and 5.78 million units. according to the median estimate. Experts note that the statistics indicated deterioration due to the completion of government programs for stimulating the housing market.

At that background quotation EUR /USD to resume in the last hours of the reduction and the opening of trading in Europe, tested the support of 1.4070 /80. Medium-term trend and weekly quotations of the currency pair, while maintaining their “bear” trend.

Perhaps, however, that in the coming days, the European currency would still be able to gain a foothold at elevations above 1.4 and even restore some previously lost positions. On the dynamics of market quotations, in this case could affect how information from the summit opens tomorrow in Davos, and the outcome of the January session of the Fed, which will be held on Thursday. Perhaps the regulators in the next few days will try to smooth out the negative market reaction to the recent marked deterioration in the investment climate.

ruble RF to the USD and against the currency basket of the MICEX today to 10:00 Moscow time was 30.31 and 35.88 rubles. against, respectively, 30.09 and 35.74 rubles. Monday morning.

In the background, including the announcement in a statement last Friday, Russia”s Finance Minister Kudrin that the strengthening of RUB to the FX was excessive, the possibility of further reducing the final value of the ruble of Russia in the foreign exchange market in the medium term remains. Correlation dynamics quotation EUR /RUB and EUR /USD at the same time indicates that, while maintaining the current level of the relative value of the single European currency to the dollar, from the perspective of the coming weeks, the target level for the rate USD /RUB is a mark of 31 RUR. for USD.

In a key short-term impact on the dynamics of Russia”s monetary and financial markets are likely to have, first of all go today data indicator of business climate in Germany, calculated IFO, as well as the balance of payments euro-zone and the index of consumer confidence in the U.S. . Financial statements published today, including, Johnson Johnson, DuPont, and Yahoo!.

Indexes in Asia, falling due to fears of tightening credit conditions in the PRC
U.S. indexes rose on Monday on 0,2-0,5%, futures cheaper Tuesday
Falling quotations Russian securities may be quite large-scale
The increase in apprehensions of investors around the world leads to further subsidence of stock indices
Refusal to zero export duty from oilfields in Eastern Siberia would adversely affect the shares of Surgutneftegaz, TNK-BP and, above all, Rosneft
In the current conditions under the greatest pressure may be shares of banks and commodity companies
As a result of the morning decline futures Brent crude sank to a level of 72.7 dollars per barrel
Almost all of Russia”s blue chips are in the “red zone”: Gazprom (-1.47%), LUKOIL (-1,97%), Sberbank (-1.95%)
If fear of slowing growth of the Chinese economy will go into panic, full drop in world markets can not avoid