U.S. indices finished last week growth, allowing himself to go on a holiday (Columbus Day) at the peak of this year. At the auctions in Asia, encouraging investors can no longer be a comprehensive: the shares of mining companies came under pressure, although in general the price of oil remained the same - about $ 71 per barrel. Apparently, the domestic indices will open today at 0,5-1% above Friday's closing levels, but in the next few days on profit-taking against the players and the lack of external guides in the form of U.S. pressure on Russia's indexes market may substantially increase.

American indices during Friday trading peaked in 2009. The market is optimistic about the future and looks forward to confirm trends in corporate reporting of economic recovery. The Dow rose on the results of the auctions on 0,8% to 9,864.94 p., SP - on 0,56% to 1,071.69 p.

It is learned that the U.S. trade deficit unexpectedly fell in August by a record 3.6% - to $ 30.71 billion, and as economists, not without the help of a weak dollar policy pursued by U.S. authorities, was criticized by the heads of G20. As a result, the U.S. managed to substantially increase exports - to a new annual record, which improves the prospects for recovery of export-oriented sectors of the economy, and, simultaneously, to restrain the increase of imports, even though the growth of petroleum quotations.

If the rise in foreign trade can be regarded as a positive factor, the statements of the Federal Reserve Ben Bernanke about a possible revision of the monetary policy, albeit in a separate run, played against the stock markets. However, the sale appeared unable to reverse the overall positive mood of investors who refuse to believe in a speedy departure from the Fed's unprecedented policy of zero rates.

In today's trading in Asia, there is no unified dynamics: the Korean and Australian indexes decrease on the background of fixed players arrived in the shares of mining companies, whereas in China and Singapore recorded growth, mainly on positive expectations about the future recovery of these economies.

Apparently today native indexes after positive findings may be under pressure. We believe that trading in the beginning of the week will be different from the increased volatility of the struggle between the expectations of recovery in the world economy and the fear of overbought.

Today, the focus of investors will be paper Norilsk Nickel, whose shares may rise in price by positive expectations of the forthcoming reporting company for the first half, and the optimistic forecasts of company's management to increase production this year: the company's general director Vladimir Strzhalkovsky, notes that the year can increase production of nickel by 2% compared to 2008 to 306 thousand tons. The new forecast indicates that in the second half of the production of nickel increased by 19% compared with the first.

Also pay attention to energy. On the one hand, investors may perceive a negative message that the cost of restoring the Sayan-Shushenskaya GES, probably will not be included in the tariff. On the other hand, FSK, likely to be the record for the growth rate: the need for modernization of networks requires a substantial increase in the tariff of the company. Despite the fact that the final decision on the tariff of the company is pending, the materials for the State Duma FST earmarked level of indexation in 52,4%.

The most important statistics, which will come this week will be the publication of data on retail sales in the U.S. (on Wednesday), the index of consumer inflation (on Thursday) and data on industrial production in the U.S. (on Friday). From the European statistics can distinguish output ZEW index on Tuesday, which is due to today's celebration in the United States will largely determine the future course of bidding.

Meanwhile, the focus of players will be attracted to the financial statements of U.S. companies, which, in their view, must provide proof of restoration of the corporate sector. Are worth special mention reports from Intel and Johnson Johnson on Wednesday, JP Morgan on Thursday and Citigroup - Friday. It is possible, thanks to recovery in the sector of MA and credit growth of U.S. banking otraportuet on the growth of profits and will be the leaders in the course of trading this week that Russian banks would support the action.

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The achievement rate of USD /RUB in the coming week marks near 29.00 at the moment looks possible
Further movement of Russia's market will depend on currency fluctuations and on the quarterly results of companies in the U.S.
Monday in the information plan promises to be quite calm
It is possible that Russia's market and today continue to update the maxima
At Russia's stock market is expected to continue confident of growth in the absence of a deep correction in the near future
Russia market will continue upward movement, determining factors will be the SP futures and the dynamics of oil
In the absence of significant release of statistics and corporate reports from Russian players will not be grounds for intraday Games