Lukoil

Norilsk Nickel

Rostelekom

Gazprom

Mosenergo

Surgutneftegas

Savings Bank

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Russia

Shares of most companies in the United States once again demonstrated the growth of one of the longest rally of the past two years on the U.S. stock market. Another positive trend was associated with continuing evidence of corporate accountability. The results of Caterpillar Inc. three times exceeded optimistic expectations have fueled the growth stocks of more than 7%. Positive results of one of the leading manufacturers of medical products - the company Merck Co., Are required to decrease in the number of jobs in the company, as a result of the growth of quotations of the day was more than 6%. Not so positive was the dynamics of the banking sector of the market, CIT Group, following a statement that the company will file for bankruptcy if the debt restructuring would be derailed.

domestic market after testing the previous position of local maximum in 1013p. MICEX index more likely to have the opportunity to continue its upward movement. It should be noted that any significant levels of resistance to the delta-level 1060-1070p. virtually non-existent, but the growth probably will not be nonstop, taking into account the seven-day growth of the U.S. market and short-term perekuplennost full time scale, together with a similar situation in the oil market. Nevertheless, the probability of growth at this time is seen above and kickbacks market is seen as an opportunity to open additional positions. A change in the current short-term trends can be said when addressing the position 950p. MICEX index level, which passes 200 hour moving average and the trend line Bollindzhera tapes in the afternoon the market scale.

Europe

European stock markets finished the session seventh increase in a row as a result of good performances, and shares of commodity companies. Pan-European index of blue chip FTSEurofirst 300 rose 0.81 percent to 888.36 points - their highest levels since 6 January. The head of the Fed, Ben Bernanke, speaking in the U.S. Congress, noted the improvement in the American economy. Total Quotes grown up in 1.8 percent, ENI - at 1.2 per cent, StatoilHydro - at 1.2 percent. Among insurance companies, securities Generali added 3.7 percent, AXA - 3,4 percent. However, Tuesday is a bad one for the banks and the Finnish mobile phone manufacturer Nokia. CS Group Index dropped 3.6 percent, BBVA - at 1.7 percent, BNP Paribas - at 1.7 percent, UBS - at 1.4 percent, Barclays - at 1.1 percent. Quotations Nokia dropped 2.5 percent after Morgan Stanley has changed for the worse recommendation on shares of the company.

Asia

The Asian markets are growing the seventh day in a row, which is also the longest rally since the beginning of the year. Shin-Etsu - the world's largest producer of silicon wafers grown by nearly 5% at the auction in Tokyo after the emergence of information that a unit of the company is negotiating with manufacturers of components of the price increase. BHP - rose 2% in Sydney, the company helped the performance of new production fields, support the results of output in the fourth quarter. China Petroleum Chemical Corp .- grew by 10% at auction in Shanghai after Nomura Holdings Inc. announced that net profits of the company may exceed three times the expected level.

United States

The American stock market closed on Tuesday due to increases in the results of machine-building concern Caterpillar Inc, but the rapid rise in the wake of good corporate reporting and Caterpillar cautious outlook led investors to exercise caution, which contain indexes. The index of the traditional sector, the American economy Dow Jones industrial average rose 0.77 percent to 8.915,94 points. The broader Standard Poor s 500 added 0.36 percent to 954.58 points. Technological Nasdaq Composite Index gained 0.36 percent to 1.916,20 item that has the highest level of closures over the past year. Nasdaq is growing now in its tenth consecutive sessions, that were observed for 12 years. Shares drugs manufacturer Merck Co, is included in the index Dow, led to a top pharmaceutical sector, rising to 6.12 percent. However, investors' optimism about the quarterly results came in decline, when Caterpillar warned that the current quarter will not be easy. In addition, the head of the U.S. Federal Reserve Ben Bernanke in the report to Congress pointed out that in the near future should not wait for the reduction of unemployment.

Closure ADR GDR trading on the western sites were divergent in nature.

Prices are per 1 share

* closing price of a receipt for the United States and European markets to the closing price of shares on the MICEX.

major macroeconomic statistical data suggest that attention to

The reserves of petroleum and petroleum products during the previous week. The data will be published in 18-30 Moscow time.

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Yesterday's trading on the Russian stock market ended on a moderate growth in the major indices (RTS index - 1.58%, the index of MICEX - 1.73%). The neutral, slightly negative in the prediction of the opening, stringy growth to a maximum monthly value - in the middle of the day, as smooth a very moderate growth in world oil prices to the level of local resistance (68 dollars), fixing the expected profit at the end of the day. Mixed financial statements are the largest companies in the U.S. supported the cautious optimism of investors in the run of my head of the Fed Ben Bernanke. A weak dollar kept investors from a fixed return on the world market of oil, base and precious metal most of the day. In general, the favorable external background on the one hand, but all signs intraday perekuplennosti on the other, have led to divergent closure the most liquid securities (Gazprom - 1.96%, Lukoil - 2.7%, Nornikel - minus 1.39%, Sberbank - 3.11% Rosneft - 2.04%, Surgutneftegaz - 4.34%, VTB - 1.37%).

Today, in the absence of external drivers of growth, the dynamics of the Russian stock market, at least in the first half of bidding will determine the technical intraday perekuplennost the entire spectrum of the most liquid securities. Thus, the modest growth in the closure of major U.S. indices yesterday (DJI - 0.77%, NASDAQ - 0.36%, S P500 - 0.36%), but flat, unspoken dynamics of futures on major U.S. indices now, after reporting mixed results of the largest American companies to close substantive session. The main support for the market yesterday, shares had a Caterpillar (plus 7.67%), after reporting better than the expectations of investors, and optimistic projections for the future. Worse than the market - the dynamics of financial sector shares. At the end of the day, shares of Citigroup fell by 5.02%, shares of JPMorgan fell to 0.11%, shares of Bank of America declined by 0.41%. Market - the dynamics of the shares of energy sector on the background of a modest strengthening of world oil prices in the first half of the tenders. The index of the largest oil companies gained on the day of 0.7%. The absence of meaningful statistics today, but very busy calendar of financial reporting the largest U.S. companies. In the center of attention - the 2nd day of my head of the Fed Ben Bernanke before the U.S. Congress over the monetary policy. Continuation of the peak period of financial statements requires the preservation of today volatility on Wall Street.

A mixed trend yesterday - in the stock markets of Latin America (Mexico - minus 1.07%, Brazil - 0.21% Argentina - 0.15%), but mostly positive dynamics in Asia (Japan - 0.74%, Korea - 0.2%, China - 2.2%, Taiwan - 0.4%).

Side, the final momentum, supported by weak dollar and the moderate optimism that prevails in world stock sites - on the world oil market yesterday, but the decline of the auction in Asia today after the bear on the weekly change in stocks from the American Petroleum Institute. September futures price of oil brand Brent on the results of yesterday's auction rose by 0.43 dollars to 66.87 after reaching a maximum of 67.92 intraday dollar. In Asia, the September futures price of oil brand Brent fell by 0.3 dollars. The market - in anticipation of today's weekly data on energy supplies from the U.S. Energy Information Office.

A mixed trend yesterday - on the major base metals market. As a result of trades on the LME, three-month futures price of nickel declined by 2.62%, and zinc - to 2.46% in the copper price rose by 0.77%, lead - to 2.47%.

positive trend - in the ADRs of Russian oil and gas stocks in the U.S., but mixed a discount relative to the closing prices of shares on the RTS on July 21. Gazprom - 0.14%, Lukoil - 2.5%, Surgutneftegas - minus 0.7%.

The Russian stock market is expected preponderance of negative trends at least most of the day. In the absence of express external drivers of growth - the current dynamics of the main Russian indices will determine the technical short-term perekuplennost the entire spectrum of the most liquid securities. Oscillation index MICEX prospects days 1000-920 points intraday, intermediate stops 955 and 935 points. The range of fluctuations in the RTS index in the long run the next day 990-880punktov an intermediate support 925 and 900 points.

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Tuesday continued positive sentiment in the Russian market - but it should be noted that while the MICEX index closed only slightly above the mark of 1000 points, and the ambient background closer to the evening had not looked as positively as before.

First of all, statements of U.S. companies, published yesterday, has not brought pleasant surprises and also some disappointing market performance to the head of the U.S. Federal Reserve Ben Bernanke. He said that improvements in the economic situation, of course, is, however, unemployment will grow, and the final exit from a recession or restoration is too early to say.

As a result, growth in the market was moderate, with growth leaders again in securities of Sberbank of Russia, adding 3.11%, and Surgutneftegaz, went up by 4.34%. Worse than the market, by contrast, looked Norilsk Nickel (-1.39% on MICEX).

As regards the technical situation, it gives us hope for a correction. First of all, oil prices stopped growing and were unable to overcome the top line of $ 66-67 per barrel, which had previously acted as support. A similar picture and is almost on pair euro /dollar, with no holes up resistance to 1,42-1,43. Thus, if we see a rebound of these resistances down, will the preconditions for care under the MICEX index level of 1000 points, and if further development of correction, to reduce again to 850 points. But this is only assumption that can be refuted by the persistence of the buyers, observed in the past one and a half weeks.

Today

Leading global markets on Tuesday closed down growth: German DAX 1,27%, Britain's FTSE 0,85%, DJIA 0,77%. Asian markets this morning, rising 7 day in a row, with the Japanese Nikkei225 adds 0.74%. Futures on the S P500 reduced by -0.15%.

Pair EUR /USD is in the € /$ 1,4200, while USD /JPY - in $ /#165; 93.55. Gold is $ 948.64 per troy ounce, silver - $ 13.58 per troy ounce, Copper - $ 5,367, and nickel - $ 15,800 per metric ton.

Yield for UST-2, 0,94; for UST-10 3,50.

Oil Prices in the last 24 hours have increased by $ 0.75 to $ 66.85 a barrel varieties Brent.

So, today we are waiting for multidirectional changes of quotations of securities.

Today, at 14.00 GMT in the United States will be the price index for housing (House Price Index), at 14.00 GMT to begin this chapter the Fed Ben Bernanke about monetary policy before the U.S. Senate. And at 20.30 GMT - traditional data on stocks of fuel.

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Metallurgy remain the strongest theme

Tuesday overseas stock indexes finished the day re-growth. Positive corporate reports, and presentation of Chapter blagostnoe Fed Ben Bernanke before the U.S. Congress with semi-annual report on monetary policy, stock indices indicated that the way the top is open and free. Hesitant recovery in the course of yesterday's auction, you can not connect with the flight from risk, but only with a small fixed profit after reaching new highs. This looks very logical in the second day of Bernanke speech to Congress and the new corporate reporting.

Today's trading on Asian stock market sites in general are in a zone of moderate lifting stock indexes, which also continues the summer rally. Given that the currency in the last mirror the dynamics of sentiment on stock markets, the dollar yesterday, taking the course for recovery (EUR /USD 1,42). This affected the current quotes the price of oil. Morning Brent blend, we see almost 1% lower evening levels: $ 66.5 per barrel. An additional reason for the decline was the statistics published today by the American Petroleum Institute, which indicated a significant increase in oil reserves in the United States.

The opening bid on the Russian stock market on Wednesday, we'll see in a neutral-negative zone. I think this afternoon we will be waiting for quiet trading, although not eliminated, and the waves of fixation of profits, as well as the transfer of the interest of market participants in the securities of companies in the oil and gas sector banks and metallurgists. Generally, metallurgists are now the most powerful theme, and yet there are no prerequisites to reduce their positions in the securities of this market segment. In general, stock markets are in the hot summer mood, and that could cool their ardor can only guess.

In the 18-00 waiting for the publication of a price index for housing in the United States in May. At the same time begin statement B. Bernanke to Congress. In the 18-30 go on EIA crude oil inventories for last week. Today before the opening session of the United States will report Bank of NY, Boeing, Morgan Stanley, Pfizer, Wells Fargo.

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