The euphoria continues to prevail in Russia: a small increase in oil prices and futures on U.S. indices has led to the impressive growth of Russia's market on Tuesday. At the same time the leaders of growth of blue chips were shares of the banking sector: ordinary and preferred shares of Sberbank of Russia added 5,92% and 5,70% respectively. The reason, except obscherynochnogo optimism, was the expectation of reporting on the results of Sberbank 8 months of 2008, which was released in the evening. Reports showed that Sberbank's net profit under RAS for 8 months of 2009 decreased by 12.5 times, amounting to 7,4 billion rubles. against 92.7 billion rubles. For 8 months of 2008, while expenditures for possible loan losses increased 7raz. In principle, given the crisis state of the economy and the financial sector in the early years, these figures do not look very disappointing, even though in itself of their output, and could trigger some profit taking.

Also yesterday, shares in banks as well feel the paper Sollers, VSMPO-Avisma (on the background of a possible joint venture with Boeing), and grown to 40% of paper Irkut. The increase was due to the recent decision of the Board of Directors UAC to approve the valuation of assets IRKUT at 24,15 rubles. for 1 ordinary share, which is several times higher than the morning's market price and, consequently, led to a rally on the paper.

Today will be interesting to Rosneft's reaction to information regarding the fact that the state may sell part of his 75% stake in the company. For securities Rosneft this news, but rather positive - because this sale is unlikely to occur in the open market, the pressure exerted on the quotation will not be a reduction of the share and the emergence of large private investors should be welcomed by the market. Moreover, the price set at such sale is unlikely to be below the market and can provide additional support for the cost of paper. At the same time, we draw attention to the fact that typically such operations are conducted in the light of market conditions - that is, to put everyday language, close to the peak of prices, as was the case with the shares of VTB.

As for the overall market, despite yesterday's optimism, the levels of resistance for many stocks we have not yet struck, and this means that some correction is still possible. Apparently, much will depend on today's meeting, Federal Open Market Committee U.S. Federal Reserve and its final communiqué. Although we believe that sooner or later the Fed and the government will take Obama for the fight against inflation and budget deficits, however, are likely, the next meeting of any allusions to the rigid movement in this direction should not wait.

TODAY:

Leading global markets on Tuesday rose: German DAX 0,72%, Britain's FTSE 0,16%, DJIA 0,52%. Asian markets this morning mostly lower. Futures on the S P500 decreased by -0.05%.

Pair EUR /USD is in the € /$ 1,4809, and USD /JPY - in $ /#165; 90.74. Gold is worth $ 1.014,87 per troy ounce, silver - $ 17.11 per troy ounce, copper - $ 6,215, and nickel - $ 17,830 per metric ton.

Yields for UST-2 1,02; for UST-10 3,45.

Oil prices over the past 24 hours rose $ 1.19 to $ 70.09 per barrel varieties Brent.

Futures RIU9 the night session was closed at 124.860 points (1.02%).

At 18.15 GMT in the United States will be made public the decision of Federal Open Market Committee Federal Reserve U.S. interest rates relative to the base (our forecast - to save her at the same level), as well as the final communiqué of the committee.

So, today we are waiting for multi-directional changes in stock quotations.

Cabinet will divide the money himself

The Government has secured the unlimited possibilities of public financial management manual …

The dollar to euro has fallen in price to a minimum for the year on signs of recovery in the global economy
Indexes in Asia, rising on Wednesday in anticipation of the Summit decisions G20
U.S. indexes on Tuesday reached a peak in October last year
Today, Russia's stock market is expected countervailing dynamics of the most liquid securities
State may return to the idea of selling part of the state-owned Rosneft, against this backdrop that the company's stock may be under strong selling pressure
Reorganization MRK entering the home stretch, and apparently, this segment of the market is waiting for another rise
Positive Fed's decision today will open the way for even greater concern to the following meetings of the FOMC
Pending the outcome of the Fed meeting suggest that Russia's indexes on the basis of actual days will remain in place