markets in anticipation of the U.S. statistics. Speculative positions on the “bounce” for the majority of “chips” makes sense to close before going data on U.S. GDP

By and large, to 16.30 Moscow time the stock markets today, nothing significant will happen. Participants are waiting for data on GDP growth in the U.S. 4 square. 2009, which according to the consensus forecast would amount to 4.7%. At the same time some investment banks are waiting for an even more impressive results -5.7-5.8%. In our view, only the positive statistics is able to keep the stock markets to continue the correction that has lasted more than a week.

In the meantime, the markets waiting. The MICEX index decreased by 0.7%, playing the negative dynamics of European and U.S. stock indexes after the close of trading yesterday in Russia. Most of the “chips” traded with a decrease in quotations. About 2% lose MMC Norilsk Nickel and Rosneft. The plus of the heavyweights only Gazprom (0.3%). Sberbank and VTB - traded at zero, near yesterday”s closing levels. Of the individual securities are exceptional in their attempts to break up only Uralsvyazinform and OGK-6, shake yesterday from a long-term consolidation, and seeking to build momentum up. However, this growth is constrained by the continuing negative market dynamics in general.

We continue to look down on our market shares. Technical “bounce” up, observed yesterday, the day before the main papers, can be considered complete. Therefore we recommend to fix the profit on speculative positions, open 2-3 days ago. From chips recommend that you continue to hold only stocks in the portfolios of banks, especially after the announcement of VTB-wide stock option program, and MMC Norilsk Nickel (up until support at 4500 remains).

In addition to data on U.S. GDP for the 4 square. 2009, today has come out of Chicago PMI (17.45, Moscow time, is expected to decline to 57.2 points) and the updated index of consumer confidence from the University of Michigan in January (17.55 Moscow time, weather - 73 points). Given that the previously published index of consumer confidence from the Conference Board in January 2009 exceeded the maximum mark., We can expect that “Michigan” now exceed the expectations of market participants. From corporate reporting today - only the financial statements of Chevron, which will be released before the opening of trading in New York.

Pynzenyk: I would like to see the actions of the new leadership
Chirac has refused to accept Putin to become leader of South Stream
Steering games

oil tycoons decided that the bad assets in the struggle for motorists not happen …

Day trading on the market of Russia are rather low, hoping to catch the movement in the late afternoon
Despite attempts by the “bears” to break the level of 1390, the market managed to keep above that creates a good springboard for the growth of the evening
Over the past week planned energy consumption in Russia increased by 2,3%
After the transition to RAB investment program Kalugaenergo in 2010 will increase more than 2-fold to 1.5 billion rubles
In the 1 st quarter 2010 CPV plans to process 25 thousand tons of grain cargoes
Asian investors have a moderate negative mood