American stock market for two sessions at the end of the week lost more than 4%. Among the participants of the market is increasing concern about earnings largest banks, which suffer serious losses if the administration of President Obama put into effect plans to strictly regulate the financial sector. Nevertheless, the decline in European markets has not continued (FTSE Eurotop 100 -0.12%), as a good growth futures on the index shows the SP 500. Shares of European banks, even grow, despite a stream of negative news. Deutsche Bank 2.7%, Royal Bank of Scotland 2.5%, Barclays 2.2%, Lloyds 1.1%. Oil quotes remain in downtrend, falling in recent days, oil is in a consolidation of the dollar at the level of 1.41-1.415. Spot Brent $ 72.17, WTI $ 74.24.

Russia market opened lower, which was almost immediately disappeared. Then the market tried to grow, but returned to the neutral zone. At 16:30 the MICEX index increased by 0.38%, RTS Index -0.34%. Trading volume on the MICEX stock market small, 33 billion rubles. The positive dynamics of shares of European banks supported the 1.3% shares of Sberbank and VTB 0.6%, which fell on the main “blow” on Friday. Dynamics of shares of our banks are increasingly correlated with events in foreign markets. In the positive zone, most liquid securities traded, look better than 1.7% of shares of Rosneft and Tatneft 1.7% weaker than the market Norilsk Nickel -1.5% and -2.3% of NLMK.

Today, of the macroeconomic data can provide only data on sale on the secondary housing market in the USA 18:00. I think that until January 27, when they released the results of the meeting of the Committee on the open market the U.S. Federal Reserve, major movements in the markets we do not see. Of course, markets are under severe stress due to impending changes in the financial sector, the U.S., but I must admit that Ben Bernanke tried to calm the markets, statements of commitment to the policy of low rates. Another important event will be out on Friday, preliminary data on U.S. GDP for the IV quarter, according to the consensus forecast of GDP growth 4.6%.

Winds of Change
No sooner had investors reeling from some problems like the looming others
Anniversary Davos Forum will discuss the global reorganization of the world
Finance Ministry: Russia has paid to the London Club of creditors
The EU began an antidumping investigation against BHP Billiton and Rio Tinto
Index of the Frankfurt Stock Exchange Xetra DAX fell 0.49%, the index of the London Stock Exchange FTSE 100 dropped to 0,75%
This week will be decisive for the stock market, Brent crude could still rise above the level of $ 74.5 per barrel
Trading volume on the MICEX derivatives market at 16:00 Moscow time amounted to 4.264 billion rubles
In the 1 st quarter of 2010, Severstal will resume a number of factories in the U.S.