Positive trends in foreign capital and goods, and domestic foreign exchange market became the official reason for the dispute bulls and bears on the Russian stock market. After five days of correction, when share prices fell on average by 21% in dollar terms, the RTS index rose by 2.8% to 959 points, MICEX - by 7.4% to 984 points.

the leader of growth stocks have become Sberbank, went up by 15 and 20% (ordinary and preference, respectively). Shares Norilsk Nickel went up by 10%, Gazprom - at 8%, VTB, Lukoil and Rosneft - 5%. Further support for financial sector stocks have news from the euro on the new infusion of the ECB, as well as information from the Savings Bank. The Issuer intends to repay early $ 1 billion subordinated debt and does not require additional issue in the 2009-2010 biennium. At the end of the day the position of bulls efforts of the new portion of macro USA: Orders for durable goods in the United States increased by 1.8%, increased rate of investment. And the world oil market environment:oil prices rose during the session on Wednesday, but by the end of the trading, after closing the Russian market, have fallen by an average of 0.5 U.S. $ /bbl.

Trading on the American market ended in divergent changes in the indices. DJIA fell by 0,3%, SP 500 rose by 0,6%, NASDAQ - at 1.5%. The reason for the uncertainty investors have been comments on the Fed U.S. Fed policy unchanged with respect to the purchase of treasury bonds. Federal funds rate, as expected, maintained at 0.25% per annum. In addition, bidders have expressed fears that the U.S. government does not withdraw from the economy uspeyut money spent on overcoming the crisis, and this will lead to inflation. Today, Asian stock exchanges indexes steadily growing, index Nikkei - at 2.7% by 9:45 Moscow time. Oil prices rising slightly (to 0.3%) to 69 USD /barr.WTI and 68.5 $ /barrel. Brent.

Money funds have experienced heavy outflow of funds, while emerging markets, bond funds continued their victorious march (EPFR). Investors withdrew more than 55 billion dollars of their cash funds in the week ended June 17. This is a record outflow of funds since EPFR Global began to track them. Equity funds, commodity funds and bond funds continued to attract funds, despite the lack of positive macroeconomic news. Policy initiatives, the debate around the prospects for economic growth in China and a strong - albeit temporary - reduction in investors' appetite for risky instruments, formed in mid-June, the flow of funds.

In general, tracking EPFR Global equity funds suffered last week, the inflow of funds to 508 million, while the inflow of funds into emerging markets and Global Equity Funds offset by a moderate outflow of funds from the United States, Japan and Europe Equity Funds. The inflow of funds in securities with fixed income (excluding money funds) amounted in the aggregate to $ 3.1 billion

One of the important events of the day - the publication of final data on the dynamics of the GDP in the United States 1Kv09, weekly statistics on initial applications for unemployment benefits in the United States, as well as the evening is expected to address the U.S. Federal Reserve chairman Ben Bernanke.

Buyers will get a chance
Forex Asia
Asian indices rising Wednesday after the shares of technology companies
European stock markets fell on Tuesday the 2 nd day in a row, the indexes have fallen on average by 0,2-0,3%
SP 500 rose on Tuesday, futures are on the increase on Wednesday
The tendency to a decline in world oil prices will exert pressure on oil and gas sector
Long-term fundamental prospects of the securities TGK-14 rated as neutral
The players have shown the greatest interest to the Futures Sberbank
Over the next few days on the Russian market can be a downward correction