Europe

indices of the Old World have increased by an average of 1,4%, after the statement of the G20 summit on the continuation of programs to stimulate the global economy, despite signs of recovery. I must admit the logic is interesting: a word once again at odds with the reality and the world economy is not feeling well, economists have understood this, and therefore promote prolongation of incentives, rightly fearing a sharp aggravation of the situation, or those same economists have forgotten that the best - the enemy of good, and monetary pumping will soon lead to the problems of a different nature than there are today. In short, with a light hand of regulators, the next bubble in financial markets got good.

America

indices of the New World increased by 1-1,8%, despite the announced increase in unemployment in the U.S. to 9.7%. Optimists say the economy from a slowdown in growth in the number of unemployed people and seems completely overlooked that the slowdown in the fall of anything or even stagnation, on one level, in any case does not mean the situation, but only ... slowing its deterioration. The behavior of the market might seem strange, if not knowledge of the tremendous liquidity, through which neutralized the negative economic news and swept away everything that is bad.

raw materials, currency and so on

industrial metals on the auctions in London, gold and Baltic Dry Index finished Friday neutral. The U.S. dollar weakened slightly against a basket of currencies, but still he manages to hold above its medium-term support levels. Prospects for the U.S. currency become quite vague on the background of incipient transition of a number of sponsors of the American economy on the deployment of its reserves in the SDR.

Oil prices have collapsed as a little below $ 70, and remained at approximately the same level: Brent crude futures traded slightly above $ 67.25, WTI futures brand costs about $ 68.25 (October contract at 9-30 ICN). By all measures, the main energy source should cost less, but the financial game may lead prices anywhere.

Statistics and Reporting

Today in the United States celebrates Labor Day, but because our market will focus on Europe, where significant macroeconomic statistics is expected. Likely to experience high volatility amid falling trading volumes.

On Monday the leaders of growth in the first hours of trading again proved to be preference shares «Sberbank»
Not pleased with the price of Brent oil futures at $ 67 per barrel - this fact will help to reduce the demand for shares of oil and gas companies
Ability to continue the growth of the MICEX Index in the coming weeks, apparently persists
Gold futures continued to consolidate in the $ 990-1000
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank, VTB
Stocks Mosenergo continue to trade significantly lower than counterparts in developing countries, the forecast price - 9.9 cents per share
Law on Financial Recovery accelerate out of Russia's economy from the crisis
Last Friday, the euro /dollar at the U.S. session, rose to 1.4190 marks from 1.4325
Review of the FOREX market for 04.09.09