Last week, Russia's markets were closed on Friday, so the major European and American trends they will only play today. Closing Thursday, it was quite positive - the MICEX index rose by 0.43% to a mark at 1138.52 points and the RTS index - by 0.48% to a level of 1127.23 points.

The leaders of growth were paper Transneft (5.8%), Polyus Gold (5.5%) and Raspadskiy (5.0%). The decline has been demonstrated in securities of energy companies. OGK-1 dropped in price by 5.2%, OGK-3 - at 4.2%, TGK-4 and TGK-6 within 3.5%.

European platform traded moderately, but closed in general raznonapravleno. The American Stock Exchange moderate within 0.5% had grown up. The most significant news for the American market is to recognize the index data from the University of Michigan consumer confidence for June, which showed an increase to 69 points from 68.7 points in May.

Moderate increase the confidence of buyers, however, does not significantly affect the increase in consumer spending Americans. Were also published data on changes in the level of export and import prices in the United States in May. Export prices rose in the month calculated on a 0.6% expected at 0.5%, while imports grew by 1.3%, less than the expected level of 1.4%. The increase in import prices was due, first of all, the rapidly rising cost of oil and industrial metals in the past month. All these data suggest rather a lack of real growth and signs of improvement, rather than expecting everything. In addition, in the last days of the regular meeting of heads of financial departments of G8, which he acknowledged that the U.S. has no real competition as a reserve currency (Kudrin), and that the world economy was no longer afraid of the liquidity crisis and in the first place makes the fight against inflation (T. Gaytner). All these signals are formed before the opening of the controversial background of the Russian market.

The price of oil futures fell Light brands at the 0.9% to $ 72/barrel, Brent traded at $ 71/barrel. This reduction of quotations related mainly to the strengthening dollar and a reaffirmation of OPEC increase oil production in May to 28.27 million barrels a day.

The price of gold fell by 2.2% to $ 936/untsiyu. Industrial metals prosedayut within 1-2%.

Today, we expect the negative dynamics of the stock of most resource companies and a possible increase in market volatility associated with the return of the capacity (albeit in truncated form) to open short positions.

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Pre-bid on the Russian stock market ended the minimal changes in the main indices (RTS index - 0.48%, the index of MICEX - 0.43%).

neutral opening, lateral and unspoken dynamics of most of the session. The absence of internal drivers, the direction of motion, neutral, with no apparent reasons for the growth and to reduce the external situation. Frozen world prices for oil, base and precious metals. The main activity of the trading was concentrated in the shares of Sberbank in the background enhance the fixation of the significant growth in profits after the previous week. Modest gains in anticipation of the fixation of long weekends in individual securities. Divergent evolution of the close of the major blue chip (Gazprom - 1.34%, Lukoil - 0.24%, Nornikel - 3.86%, Sberbank - minus 2.7%, Rosneft - 0.55%, Surgutneftegaz - 3.32%, VTB - minus 1.42%). In general, as expected, the lateral dynamics of full-time within one week of correction of major indices (RTS index - minus 1.98%, the index of MICEX - minus 0.5%). Maintaining the capacity of short-term correction. But the favorable long-term dynamics.

Today, rather, a negative external background suggests a calm, in percent, the negative dynamics of the major indices in early trades. Multidirectional dynamics of the most liquid securities - in the course of the day. Possible reinforcement of negative momentum later in the session in case it is very likely reduce the world price of oil, base and precious metals. Thus, the ongoing consolidation in a narrow range of major U.S. indexes. Without significant changes to the previous day - the closing of major U.S. indexes and last Thursday, and last Friday (DJI - 0.32%, NASDAQ - minus 0.19%, S P500 - 0.14%). The pressure on the market shares of energy companies have had to retreat when the world price of oil from intraday highs. Thus, reducing the index's largest oil companies OIX was on the day of 1.29%. Multidirectional closing the major shares of American banks. Shares in Citigroup fell 0.29%, JPMorgan shares rose by 0.54%, Bank of America shares rose by 5.78%. The decline is dominated by the dynamics of futures on major U.S. indices in this morning, that will increase pressure on the dynamics of the main Russian blue chips in early trades. Modest unit of United States will not have a significant impact on the current dynamics of the major U.S. indices.

Mixed unspoken dynamics - in the stock markets of Latin America (Argentina - minus 0.9%, Mexico - 0.34% Brazil - 0.28%), but the clear predominance of negative trends in Asia (Japan - minus 0.95%, Korea - minus 1.13% , China - minus 0.1%, Taiwan - minus 3.45%).

The decline in the overdue correction and as the strengthening dollar to major currencies - the world oil market last Friday, continued decline in the auction in Asia today. Confirmation from the current OPEC production increase in May also had a pressure on the oil market. The July futures price of oil brand Brent, on the basis of Friday trades fell by 0.87 dollar to 70.92. In Asia, prices fell another 0.8 dollars.

Reduction As the dollar - the market of major base metals. As a result of trades on Friday LME, three-month futures price of nickel declined by 1.9%, copper - at 2.88%, and zinc - to 2.73%, lead - to 2.36%.

negative dynamics - in the ADRs of Russian oil and gas stocks in the U.S., negative discount relative to the closing price of shares in RTS 11 June: Gazprom - minus 0.85%, Lukoil - minus 1.72%, Surgutneftegaz - minus 3.5%.

The Russian stock market is expected to strengthen the negative dynamics in the case of strengthening the decline in world prices for oil, base and precious metals.

Worse than the market - the dynamics of the shares of commodity companies. Likely continued fixation of the profit - in shares of banks. The formal lifting of the ban on opening short positions as of today, may also lead to a strengthening of short-term negative trends. But in general, the continued consolidation of the major indices in the range of talking earlier today with the advancement in the bottom border. Index MICEX - 1150-1065 items with an intermediate support of 1100 items, RTS index - 1060-1130 points.

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