Rally on the American stock market at the end of the previous week continued (SP 0.3%). Despite the negative start bidding, due to disappointing records in II quarter of Microsoft, Amazon.com and American Express, and the reluctance of otygryvat macroeconomic data, which turned out to be better than forecasts, the greed of the market players in the future once again prevail over the fear after the Fed Head Ben Bernanke. In his speech he noted that the regulator was working to reduce the size of the emergency program support the financial sector (it became known that the TAF has been compressed up to $ 100 billion from the $ 125 billion), which was seen by many as yet another confirmation of the end of the worst phase in the recession economy. The rehabilitation of bull sentiment also contributed to the purchase of shares in energy companies against the backdrop of the resumption of the recovery of oil quotations, reverse the decline in market capitalization that the technological and financial companies. On Monday, futures on U.S. indexes are in the certainty black (SP 0.6%).

At the Asian stock pads large-scale offensive bulls continues (MSCI Asia pacific 1.3%), and the Japanese Nikkei repeats success DJIA, passes for the psychologically important threshold of 10 000 points. Expectations of improving corporate profits and the absence of a negative sort of communications do not bear at least to begin leveling the accumulated perekuplennosti. Paper confidence resource companies against the backdrop of continuing rally in the commodity markets. Oil Prices sorts WTI ($ 68.8/barr.) On Monday confidently go to $ 69/barr., Base metalsrenew every year since the start of the summit.

The Russian stock market on such a background will be opened with gepom up no less than 0.5%. Morning brought a wave of closures is not earnings from Friday short positions may drop the index MICEX 1040-1044 points to the zone where the maximum of the previous bids and runs a significant level of 50% Fibonacci correction of the decline of the stock indicator in June and July. This zone can be expected to increase pressure vendors for the same output of up could trigger actuation stop orders, which could lead to another push-up. In general, it is noteworthy that so far no signs of a turn, but given the lengthy series of quotes to improve the stock and commodity markets, a correction to the current growth can occur at any time, as is remembered, in both the short and medium-term exchange players, as MICEX index under the medium-term upward trend. The nature of the daily candle points to the possibility of the formation tops. Day of the impact on market sentiment will have a report from Honeywell and Verizon Communications, at 18-00 Moscow time data will be published on the sales in the primary real estate market in the United States.

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The market is waiting for the continuation of growth, but technical factors can deter him

At the end of last week, Russia's major indexes showed rapid growth, is a positive signal to the western areas and the commodity market. Prior to the opening of trading session on Monday, external signals are positive, contributing to the continuation of the rally at the start of the week. Major U.S. indexes closed the week differently, but overall the outcome of the week is impressive. U.S. futures indices remain in the black. Oil brand Brent Breaks up the level of $ 70 per barrel, selling more than 2% above the levels at which on Friday closed domestic market. If the positive sentiment index MICEX could test strong resistance in the region of 38.2%-term correction of Fibonacci. Of Perforation of the top level may enhance the purchase, while maintaining a positive external background.

Over the course of the trading session will be adjusted in emerging macroeconomic statistics. Particular attention is paid to the sales of new homes in the United States, which, if positive results can be enhanced in all rally venues, but in the opposite case would be a signal for the sales. From the records is important to pay attention to the results of Verizon.

demand on the Russian stock market could be strengthened by interest from non-residents who are most active can buy securities of domestic neftyanki. This is partly confirmed by the dynamics of ADRs for shares of Russian oil and gas companies: ADRs for shares of Gazprom in London, gaining more than 4%, to shares Tatneft - more than 5%. In my opinion, the paper's oil and gas sector will enjoy the greatest demand at the start of trading session.

Trading on exchanges in the United States on Friday ended differently. The main impact on the tori have the results of the quarterly reports of major companies. Worse looked high-tech Nasdaq, which lost 0.4%. Published macroeconomic statistics supported share prices: the index of consumer confidence the University of Michigan was 66.0 points against the projected 65.0 points. Statements W. Baffetta under which investors should not avoid purchasing the shares, although the economy is still not showing signs of recovery, also helped to purchase. In addition, Buffett noted that the revival in the stock market is earlier than in the economy.

At the Asian sites dominated by the positive mood that also support the domestic market at the start of bidding.

growth may continue in the securities of metallurgical sector, which will support the continued rally in commodity markets, in particular, the increase in prices of industrial metals, which are added to a weakening U.S. dollar. Given that the shares of the metallurgical industry not bad added to the outcome of last week, I recommend to open a position on speculative buying, because the proximity of most securities metallurgists to powerful resistance may lead to a correction.

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