Europe

European markets traded almost unchanged. Pan-European FTSE Eurotop 100 index -0.31%, Britain's FTSE 100 -0.24%, the German Xetra Dax -0.01%, French Lyxor Cac 40 -0.08%.

Despite the new historical maximum for gold and Goldman Sachs forecasts increasing prices for iron ore mining shares took a break after two-day rally. Eurasian Natural 0.6%, BHP Billiton 0.6%, Vedanta Resources -0.1%, Anglo American -0.6%. It reduces stocks of retailers. Sainsbury reported a slowdown in sales growth, shares lost 2.8%, Tesco shares reduced the second consecutive day after the release of negative reporting. Oil sector dipped against lowering the recommendations on the shares of the concern BP. Tullow Oil -2%, BP -1.9%, Royal Dutch Shell -1%.

Oil

Oil futures lost 2% intraday gain. Spot Brent $ 68.61, WTI $ 70.88. Futures rise by 0.3%.

U.S. is trying to win back part of yesterday's losses against the euro, Japanese yen and Australian dollar. Some support the U.S. currency has statistics from the Eurozone. At the final evaluation, the GDP of the eurozone in II quarter has decreased by 0.2% year on year by 4.8%. It was expected that the previous estimate at -0.1% and -4.7% to the downside will not be reviewed.

Russia

Russia market opened higher and continued to grow, updating the annual maximums. After a positive opening could be expected fixation, but the positive dynamics of the U.S. and oil futures are allowed to grow, the market would add more than 2%. Now there is a slight sag indices at 15:30 Moscow time the MICEX index rising by 1.3%, RTS index by 2%. Trading volume on the MICEX stock market amounted to 46 billion rubles. Greatly increased compared with previous sessions.

again better than the market VTB, whose shares are growing at 2.9% rally in shares of VTB in recent days due to bad reporting and the positive dynamics of the financial sector in world markets. VTB's net profit under RAS for the first nine months of 2009. amounted to 7.92 billion rubles. compared with a loss of 16.58 billion rubles. January-August 2009. Despite the fact that profits are not related to operating activities, but due to growth in net interest income and dividend income from subsidiaries, the reaction to reporting extremely positive. Strongly look oil paper, although oil is consolidating. 4.1% of Gazprom Neft, Surgutneftegaz 2.8%, 2.5% Rosneft, Lukoil 1.8%.

Shares Avtovaz adjusted, decreasing by 4.3%. Yesterday, Deputy Prime Minister Shuvalov said that the company promises to invest in Renault AvtoVAZ, the amount determined later. However, representatives of Renault noticed that investments will not necessarily money, then to the promotions started fixing and 7% intraday growth has leveled off at its day Avtovaz lost 1%.

Forecast

From the statistics in the U.S. allocate oil and petroleum products that come out at 16:30, at the end of trading session, the corporate reporting season opens Alcoa.

Market remarkably easy to overcome the resistance level of 1,230 points and updated the maximum from the beginning of the year. If you continue weakening dollar and rising raw material assets, it can be expected to reach new levels, it is 1300-1400. As stocks expected a slight increase, if any drastic changes will not, then oil prices will remain at current levels. Can expect that market participants prefer to take profits partly in anticipation of the start of the season for corporate reporting. However, if such statements would be as positive as in II quarter, the markets continue to rise and renew highs.

Status of the American currency on the Forex market remains extremely volatile
Tymoshenko ministries and heads of the ports before the end of the week to agree on investment projects
Budgetary system of Ukraine - an overview for the first half of 2009 and prospects for development in 2010
Index of the Frankfurt Stock Exchange Xetra DAX fell 13.83 points, the index of the London Stock Exchange FTSE 100 fell 21.88 points
Trading volume on the government securities market MICEX amounted to 65.9 billion rubles
The RTS should soon go to the upper boundary of the target corridor - 1500 points
The dynamics of price movements EUR /USD pair is limited to the range 1.4690 - 1.4750
Starting today in the U.S. season begins publication of financial statements for the third quarter
Analytics - the outcome of the day

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