Oil quotes near several maxima, do not provide adequate support to the market

Shares of Russian companies falling under the technical correction. Gazprom loses 3%, Sberbank 1.61%. VTB falling to 3.49%. An island of stability Uralkali shares are trading 1.5%. The main factor is the reduction of the weakening of the ruble to the dollar and European currencies. Oil quotes near several maxima do not have adequate support to the market. At the European and American stock sites as mature correction.

This week a meeting of the Fed and the United States will be announced a decision on the current level of interest rates. Most analysts agree that the rate increases in the near future are not followed. These sentiments are already built into current prices, and the solution itself, is unlikely to have a significant impact on the dynamics of quotations, in contrast to the subsequent declaration of the state of affairs in the country's economy. Investors will be able to please stat. data on retail sales in July, published on Thursday. Expected sales growth to 0.9%. Indicators loading of production lines and industrial production also add optimism. Continued reporting period, U.S. companies will not remain unheeded.

At the European sites dominate corrective mood. FTSE 100 loses 0,6%, DAX 30 - 1%. French CAC 40 falling to 0.82%.

Quotes September futures on the mark BRENT crude oil falling to $ 0.04, selling close to maximum levels in October 2008, at around $ 73.55 a barrel. Strong support for quotes have general mood about the slow pace of reduction in the global economy, the possibility of an early conclusion of the crisis and the weakening U.S. currency rate. Weekly statistics on stocks of crude oil in the United States, published on Wednesday, will make adjustments to the dynamic movement of prices for black gold.

RTS Index falls to 1.44%, selling close to 1064 mark Fri. The level of 1000 Fri. acts of psychological support. MICEX 10 index falling to 1.74%.

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