On Friday, the U.S. market fell slightly after five sessions of growth. The index of wide market S P500 ckorrektirovalsya the last day of the week at 0.14%. Since early September, S P500 closed the second week of the remarkable growth of 2.2%, despite the fact that the season in September is considered the most unfortunate month for the U.S. stock market.Well-known investment strategist Barton Biggs published a forecast for the SP 500, according to which the index at the end of 2009 amount to 1250 points, and the outcome in 2010 could reach 1,350 points. It is noteworthy in this background statement of Joseph Stiglitz that the state banks at the moment is much worse than the famous bankruptcy Lehman Brothers.

Friday published good macroeconomic data on inflation: the index of import prices 2% versus analysts expectations of 1%.

University of Michigan consumer index soared above 70.2 points, which is also a positive factor for the market. Despite the sharp decline in the value of oil futures, better than the market in the U.S. traded oil and gas sector, worse than the market - the financial sector.

Asia at the moment is traded after the correction in America: The Japanese market is strengthening against the yen leads to the rate of incidence of losses on index Nikkei225 at 2.32% against a background of good statistics on the growth of industrial output in July to 2,1%, against 1,9% a month earlier.

Korean Kospi loses 1%, the Australian market is reduced by 1,4%. In positive territory today, China - Shanghai Composite growing at 1.24%.

Russia market today opened a moderate correction in the levels of support in the 1150 points on the MICEX. The surprising resilience of the market - at current oil prices below $ 68 per barrel Brent, all Russia's chips are not lost even 3%. However, because of the continuing correction in commodities, today it is possible and a sharp deterioration in sentiment.

European venue has opened a moderate fall in the 1%. Industrial Production Index, published today in the 13-00 Moscow time, showed a decrease of 0,3%, slightly worse than analysts' expectations, however, better data last month. Futures for the American indexes decrease by 0.8%. There is no meaningful statistics on the United States today does not go.

From social events highlight the statement by Minister of Energy Russia Shmatko that oil companies can take advantage of zero export taxes on certain oil fields in Eastern Siberia in late September, the duration of tax holidays is planned to establish three to five years. This, first of all, positive for Rosneft, which produces oil in the Vankor field - zap fees will significantly increase the operating profit in 2010.

The same benefits can take advantage of Surgutneftegaz.

Savings Bank confirmed his intention to sell the GAZ acquired stake in Opel. We expect substantial support from the state the project, including financial infusion. In light of such news is worth paying attention to the debts of OAO GAZ, which is now traded at a high yield of about 50% (GAZ-finans01).

AvtoVAZ plans to dismiss before the end of the third year of each employee. At the end of the month to be held approval of the plan to support the automaker from the state. We recommend reducing positions in securities of companies.

EuroChem realizes 12 investment projects worth over 150 billion rubles
Dollar depreciated - the evening review of cash markets
China is ready to file a complaint with the WTO in connection with the introduction of the U.S. protective duties on tires
Ministry of Economy of Ukraine difficult to predict the dynamics of GDP in 2009
In the second echelon grew Paper Pharmacies 36.6 by 15% after the company signed a settlement agreement with Protec
Against the background of reducing the cost of black gold Gazprom shares have tested mark 170 rubles, of which were otkupleny
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 132.71 billion rubles
Today the worst dynamics showed stocks of oil and gas sector due to falling oil prices
Medvedev: You need to work together to prevent a repetition of the global crisis