Morning growth will be short-lived

On Thursday, the U.S. stock indices closed the session re-growth within the limits of 0,75%. The first positive corporate reports for the 3rd quarter, which began arriving on the market, fueling investor interest in the purchase of shares. Not very grim statistics from the U.S. labor market contributed to the optimism not only on the stock market, but also in the commodities market. Last night, the price of oil in New York grew by almost $ 2, which naturally led to demand in the shares of oil and gas companies (index SP Oil Gas 4,28%).

The most important point for the market, sounded yesterday by B. Bernanke, head of the Fed were the following: accommodative policy is likely to persist for long periods, and assets of the Fed in the form of long-term securities will continue to grow in the near future. The administration of President Barack Obama plans to implement several new measures and give tax breaks to the American economy, in addition to anti-crisis packages worth $ 787 million approved by Congress earlier this year. Thus, the U.S. dollar in the near future just will not be significantly stronger, while the state's economy will continue to gradually enter the pre-crisis level.

today's trading on Asian exchanges mainly take place in a positive manner. The greatest growth today demonstrates the Chinese stock market (Shanghai Comp 3,5%), which returned to investors after a week of holidays. Even though four days of strong growth, futures on U.S. indexes are traded on Friday in the neutral zone: S P500 -0,04%

opening of trading on Russia's stock market on Friday we will see in the growth zone of quotations of leading shares. In the morning we will see a splash in the market yesterday, the residual demand. I donot think that this growth will take time. At the end of this week, our stock indexes rose very strongly, so the afternoon is very likely to profit-taking wave, and the indices can go below the level of opening. But in general we can say that the latest federal and corporate reporting gives investors confidence to purchase risky assets. Big business also continues to come to the markets of developing countries in commodity instruments, currencies and equities. Therefore, our recommendation is: try to reduce the repurchase market, as its growth is likely to be continued.

The most important data today are figures for the balance of foreign trade in the UK 12-30 (estimate: -2.300 billion pounds). Similar data from the U.S. for August, we will see today in the 16-30 (forecast: - $ 33.0 billion). I think here we see improvement, which may somewhat strengthen the dollar.

Movement in the papers Savings Bank is extremely speculative
New horizons opened up for trading yesterday, MMC Norilsk Nickel and Polyus Gold
In the short run may be a decrease quotations of the ruble to the dollar
Trading volume on the stock market, MICEX Stock Exchange on Thursday totaled 137.58 billion rubles
The MICEX index may continue to move to a mark of 1300 points
At the evening session on FORTS nearby futures on RTS index has struck the level of 1350 points and rose to 1,86%
The influx of Western investors in Russia's action is speculative
Opening of Russia's stock market expected to reach Thursday, futures may open with a gap down to 1%
At the opening of Russia's market purchases will continue, but they will be fairly restrained