U.S. markets are closed today in connection with the holiday - the day Martin Luther King. In the absence of trading in the U.S., European markets grow, the dynamics of futures SP 500 is positive. Pan-European FTSE Eurotop 100 index adds 0.87%, Britain"s FTSE 100 0.78%, Germanic Xetra Dax 0.62%, French Lyxor Cac 40 0.67%. As leaders rise of the mining sector on rising prices for base metals. Eurasian Natural 3.6%, Anglo American 3.3%, Xstrata 2.6%. Shares of banks rising on expectations of strong reporting the largest U.S. banks that publish their results this week. Lloyds 3.4%, Barclays 2.4%. Oil per week lost about 5% against growth stocks, expectations of warming and the rising dynamics of the dollar. Spot Brent $ 76.42, WTI $ 78. Futures rise by 0.3%.

After a small decline at the opening of Russia"s market almost immediately went into a plus. By the opening of the existing negative external background, but the market ignored it again. Then continued to increase, oil prices jumped back a bit from week lows, positive momentum has developed in Europe. At 17:00 the MICEX index increased by 1.35%, RTS index at 0.84%. Trading volume on the MICEX stock market remains at the level of recent days, 31 billion rubles. Despite the fact that the U.S. had the day off.

leaders market shares are metallurgists. Metals continue to grow, very confident behave shares the world"s largest mining companies, so the rally continues. Severstal is growing at 7%, CMI 6.1%, TMK 6%. Once again, shoot second-tier securities, today is Transneft 6.4% and 4.6% MTS. Savings 2% overcame level 2% in anticipation of the publication of quarterly results of banks in the United States. Oil and gas sector continues to stagnate in the face of declining oil prices. Gazprom 0.7%, 0.6%, Lukoil, Rosneft 0.5%.

This week, all attention will be focused on corporate accountability, as macroeconomic statistics is not much. The main event will be the next time the Fed meeting on 27 January, before this time on the idea of markets should avoid sharp fluctuations. With regard to the market of Russia, it is still a large amount of free money can not pay attention to the correction of oil and bad makrostatistiku. This is our market is often, how long will it say, as usual, difficult. I think that as soon as the upward movement in the U.S. market decline will change, and the dollar will continue to strengthen to a level of 1.4, we have dramatically go down by 7-10%. I continue to recommend that the medium-term investors as the market groe60wth is gradually closing positions for which there is a good profit, and leave in the cache.

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Today the rest of America, so in the absence of key players in financial markets, Russia"s stock market should follow European stock indicators and dynamics of commodity prices. With the opening of trading on the MICEX quotation Brent futures gained more than 0.5%, which "brought up" and opened up a slight decline in our core "chips". Gazprom, Rosneft, Lukoil and Surgutneftegaz are added within 1%. Sberbank reached an important technical resistance level of 89 rubles. Which, by the way, (if anyone still remembers) corresponds to the price of the national deployment of additional issue shares of a financial institution in early 2007. Continuing steady rise in stock price Severstal (5.7%) and CMI (3%), while talking about the overall growth of stock steel companies today do not have to - other representatives of the sector (Novolipetsk Steel, Mechel, Raspadskaya) today show no appreciable rise. Again, there are attempts to raise the higher share prices of regional telecoms (up 2.4%). It is likely that an additional factor for increased efforts to play up today"s message was to increase the proportion of state-controlled bank KIT Finance in the capital Uralsvyazinform to 9%. Given that the previously available information about buying close to the state structures of large blocks of shares in regional telecoms, the idea of buying up shares of Svyazinvest"s subsidiaries country in anticipation of its reorganization is more evidence. However, as the purchase of shares is approaching its logical conclusion, the risks of buying shares of these companies are increasingly growing.

MICEX adds 1%, but still remains below the peak last week. The lack of a market full of Americans and calm on the emerging statistics can count on continued weak progressive movement in our market in the second half of the day. Moreover, the record surplus of Operations CBR to provide liquidity today (360.2 billion rubles.) Promotes bull. And to improve the external background was quite sufficient for improving the Government of Germany today forecast GDP growth rate for the current year from 1.2% to 1.5%.

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Trades in the U.S. were closed at the end of the week gone lower indices on the background of weak consumer confidence index data University of Michigan. Leading U.S. S P500 index up to January 15 lost 1.08%. Today, U.S. stock exchanges are closed in observance of Martin Luther King Day. European Exchanges before also losing 1 to 1,5% of capitalization.

Markets in the Asian region demonstrate predominantly lower. The leading region in the Tokyo Stock Exchange decreased by index Nikkei225 at 1.16% despite the encouraging statement of the head of the central bank of Japan, Mr. Shirakawa that the stimulatory monetary policy in the country will continue to overcome deflation and stabilize the economy. Shirakawa also said today that the central bank intends to maintain very favorable for the economic rehabilitation of the financial environment. Looks better today, the Chinese stock market, which was released to the closure of its session in the light plus the Shanghai Composite index by 0,4%.

Oil prices continue at least marginally, but the decline, which will now pressure on the shares of Lukoil and Rosneft. A barrel of Brent North Sea oil mixture dropped today for another 0,6% to a level of 76.65 dollars per barrel. In the metals market modest growth in the leading contract within one percent, would support this action GMKNorilsky nickel.

In the currency market the euro is tangible losses, leading the euro /dollar is traded on the value of 1,438. At the local market, the ruble has also been declining: for one U.S. dollar yield 29.48 and 42.56 rubles per euro.

situation is negative, but today the absence of important statistics and weekend in the United States expressed dynamics do not expect. Forward to continuing demand in selected second-tier stocks. MICEX is the immediate aim of the correction at the level of support on the value of 1430 points, the immediate goal of growth is still at the level of 1500 points. Russia Market on Thursday and Friday of the week gone stubbornly ignored the negative external background, for what may recoup correction tomorrow or the day after in the levels of support. Better the market will look like non-oil company shares.

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