global equity markets

Throughout last week, except on Monday, world stock exchanges were in the descending corridor. Not helped break the trend and emerged at the end of the week some positive news. Obviously, after a lengthy period of expansion force some buyers dried up.

On Thursday became known as market participants expected the results of stress tests of major European banks. Research indicates that capitalization of banks remains adequate, even with the development of a very hard scenario and financial sector companies will be able to cope with problems. The head of the ECB called the results encouraging.

The unemployment rate in Japan unexpectedly fell in August to 5,5% from 5,7% a month earlier, which may be indicative of the first signals recovery in demand for labor. Japanese experts expect the growth rate in August to 5.8%.

On the contrary, exacerbated the drawdown stock indices, published in Friday sales data on vehicles in the United States. Thus, in September, the volume of sales was worse than expected, falling by 23% against the same period last year and amounted to 9,2 million in annual terms. In August in connection with the action program cash-for-clunkers figure was 14.2 million stronger than any other deterioration in the U.S. itself felt GM and Chrysler, whose sales fell by more than 40%.

In September, the U.S. was fixed the next rise in unemployment. The unemployment rate was 9.8% - the highest level for the past 26 years - against 9.7% a month earlier. The number of jobs in non-agricultural sector decreased over the same period to 263 thousand in comparison with the expected 175 thousand

volume of orders of U.S. companies for durable goods fell in August for 0,8% to the July level (in the July increase was recorded at 1,3%).

According to the eminent economist, a professor at New York University, Nouriel Roubini, in the coming months in connection with the disappointing pace of economic recovery stock and commodity areas may fall. Markets have gone too soon and too fast, - he said. In that case, if the economy starts to rise sharply over time markets will begin to loosen and adjust to the levels justified by the current situation. I see a great distance between what is happening in the markets and the weaker state of the real economy.

At the auctions in Asia on Monday morning there is a growing negative dynamics. After a mixed and controversial opening stock indexes in the region made their way down, and while none of them is observed attempts to rebound.

Futures in America, to bargain with the night on the positive territory in the morning somewhat weaker.

Metal Market

dynamics of the major industrial metals prices on Friday, October 2, was conformable to the movement of world share platforms. Traded on the London Metal Exchange futures finished the last trading session in the red.

Drawdown lead prices was the most profound, reaching 3,4% (2115 $). Following this is aluminum, cheapened by 2,9% - to $ 1,804 per meter. ton. The market value of copper, zinc and nickel fell by 1,8% (5879 $), 1,7% (1880 $) and 0,8% ($ 17,285).

Contrary to other metals contracts went to tin, which on Friday went up by 0,5% - to $ 14,275 per meter. ton.

On Monday morning at the LME metals are traded at a higher cost.

One of the largest Japanese manufacturers of lead and zinc, the company Toho Zinc Co., plans to boost production in the fiscal second half of the year - from October to March. It is expected that the production of refined lead will grow by 8,6%, and zinc - by 0,8% in comparison to the second half of last year.

Market Oil

Against the background of weak statistical data on the U.S. economy, published in Thursday-Friday, oil prices finished the last trading day last week, a moderate decrease.

The November neftefyuchersy London Brent fell in price by 1,62% - to 68.07 dollars per barrel mark WTI contracts fell 1,23% - to 69.95 dollars per barrel.

negative impact on quoted market prices of oil has had a well-known economist and a statement Nouriel Roubini, awaiting the fall of the stock and commodity areas in the coming months.

At the end of the week recorded a positive change in the value of hydrocarbons: Brent 4,55%, WTI 5,95%.

At the beginning of the week for the price of black gold stable.

Russia Market

Today's the day for Russia's stock market looks moderately unfavorable. At this point most of the external factors that are present on the market: the fall in oil prices and shares in overseas markets on Friday, increasing the morning of Monday the negative dynamics at the auctions in Asia.

However, it is possible that in the course of Russia's trading, investors will return to purchase, considering last Friday's decline excessive in comparison to other stock exchanges.

Of the important statistics of today, which may affect the dynamics of the indices, we note the index of activity in non-productive sector of the U.S. for September, expected around 50 basis points, higher than the previous value of 48.4 points.

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