Russia

downgraded the credit rating of eighteen banks by agency Standard Poor's overshadowed a positive mood in the shares of health in connection with the preparation of the Congress to reform the industry. Shares Wells Fargo Co. and KeyCorp. lost more than 5% to the closing of the trading following the statement of the SP that the working conditions for the banking system can be markedly impaired. In turn, General Electric Co. fell more than 4% in relation to the statement of Vice-President of the company perhaps more difficult times for a number of business sectors. Operator transport company FedEx Corp. retreated by nearly 1.5% decline forecast in anticipation of profit.

domestic market after a substantial reduction of the previous day had little chance of short-term recovery. However, this fact would be rather technical in nature and subject to moderate negative trends in the oil market, the possibility of reducing the point in 1000p. MICEX index until the end of this week continues. After downgrading the ratings of the banking sector to overseas sites, and as a consequence of the falling of quotations of banks, a similar attitude will occur in the Russian sector. Thus, the possible support in the near future for the ordinary shares of the Savings Bank could be the position of 40r. However, even with the further achievement of the market delta 900-950p. Russian market will continue to be in an upward channel.

Europe

Markets European shares fell on Wednesday, losing the position of a fourth consecutive day, after trading in shares of mining companies and Iberdrola, and Sainsbury, which desheveyut against the backdrop of the news about additional issue. The most noticeable decline in mining company shares: quotes Anglo American, BHP Billiton and Rio Tinto fell to 2,1-4,3 per cent. Papers Spanish power company Iberdrola fell by 4.9 per cent against the backdrop of the news that it plans to place new shares to at least 1.25 billion euros ($ 1.7 billion). Shares of British retailer J Sainsbury cheaper to 5.1 percent after it reported that he was going to draw 445 million pounds ($ 732 million) by selling shares and convertible bonds to finance the expansion of business. The company also has published data on sales for the first quarter, which were closer to the upper boundary of the forecast range.

Asia

Asian markets decline, together with the MSCI Asia Pacific index to the minimum levels of the past three weeks on fears that the prolonged recovery of the U.S. economy could pose a threat to Asian exports. Stock Honda Motor Co. - Receiving more than half of revenue in North America declined by 2.6% due to the strengthening yen against the dollar. Quotations Mitsubishi UFJ Financial Group Inc. lost more than 2% due to lowering the ratings on 18 U.S. banks. Rio Tinto Group - has lost about 9% in connection with the sale of additional shares in the total amount of more than 15 billion dollars.

United States

U.S. stock indexes Dow and the SP 500 fell slightlyon Wednesday because of the securities of financial sector, but the technology-oriented Nasdaq rose on a background of positive broker comment on the chip manufacturer Qualcomm. Shares of financial sector cheaper after the agency Standard Poor s downgraded ratings on 18 U.S. banks, but also because of the uncertainty surrounding the proposed Government sector reform. Quotations JPMorgan Chase declined to 2.3 per cent, while the index of the shares of banks KBW - 3, 3 percent. Outside of the banking sector declined, in particular, paper logistics company FedEx, which reported an increase in the quarterly loss and gave a forecast that have been worse than the expectations of Wall Street. Quotations FedEx, demand for which is considered one of the indicators of economic activity, fell by 1 , 4 per cent. Shares in Qualcomm climbed 3.8 percent after Goldman Sachs included them in the list of securities recommended for purchase, and shares of Cisco went up by 0.6 per cent against a background of communications director of the company on the stabilization of the business.

Closure ADR GDR trading on the western sites were divergent in nature.

major macroeconomic statistical data suggest that to draw attention to the number of applications for unemployment benefits in the United States during the previous week, as well as the index of leading indicators for May.

Current levels of oil prices make it possible to count on much higher levels - 1300-1500 points on the RTS index
Important prerequisites for the purchases are not available, Bear was an opportunity to move the market in the direction they need
The closest resistance for the shares of Gazprom is the level of 165 rubles
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Neither the fall of the dollar, nor the rise in oil prices have prevented the Russian market to show an adequate correction
This afternoon, the MICEX and RTS indexes stayed in the half-point above 1000 points
Strong resistance to stamp Brent is the level of near $ 78 a barrel
Shares of Russian banks promise of being subjected to massive sell-and complete the day in negative
Gazprom will strengthen its position in the gas and electricity markets in North America