These macro-and microeconomics, published on Tuesday appeared to have been relatively positive for the segment of the risky investment.

The August index of economic situation in the EMC according to the ZEW was 54.9 pt. to 39.5 points in the previous month and the average forecast in this case is 43.0 points.

Despite the fact that in the process of forming the said statistics - in anticipation of the September elections in Germany - to intervene political component, as well as the continuing problems in the European credit and fiscal sectors, in general, this information, however, it is clear could serve as a pretext for reducing the short positions, including - in the European market of corporate securities.

Quarterly Financial Statistics Home Depot Inc. and Target Corp. s, published at the opening of yesterday's New York session, was more favorable than expected on the market. The situation in the area of inflation at the moment, the retail sector, enabling enterprises to effectively optimize costs.

American indicator of price pressures on the manufacturing segment, as well as reported Tuesday, has demonstrated in July TG decrease to -6.8% (g /g) compared to -4.6% in June 2009 and their average forecast stood -5.8%.

July the number of bookmarks of new homes in the U.S., yesterday was slightly below average market forecasts. It amounted to 580 000 against the expected market value of 600 000, but the rate of the index for the previous month was revised with a relatively significant increase, up to 590 000 to 580 000 before. The number of building permits in the U.S. last month has proved to be 560 000 in the projected level of professionals in 590 000. However, in this case, the value of this indicator in the previous month had increased in the revision, amounting to 570 000 to 560 000 before.

Finally, the typical reaction is very active in the commodity market data API, showing a reduction of last week's oil reserves in the U.S. refining industry.

The demand for energy remains high in the market, as a consequence of long-term risks of global commodity shortages, and under the influence of significant growth in money supply in circulation, carried by the world's largest financial institutions regulatory anti-crisis policy.

The long-term potential for improved commodity quotations segment remains in the background, apparently, significant.

At that background developing in recent days, a reduction of investments in risk is not sufficiently stable trend. This is despite the relatively high medium-term risks of the devaluation of the European currencies to the USD, in the short term, perhaps prejudge conservation quotations euro to U.S. dollar generated in the second half of July, TG price range.

By 11:00 Moscow time Wednesday to Russian ruble and USD bivalyutnoy basket on the MICEX was 31.82 and 37.79 rubles. against, respectively, 32.10 and 37.92 rubles. Tuesday morning at the auction.

Quotations Russian currency on the international FX in recent days have reached the mark, near the significant level of resistance that, from a technical standpoint, it seems, limits the potential growth in the short term.

In the coming weeks, reducing the relative value of RUB in the world market, may continue even in a favorable result in the development of the situation on financial markets of Russia. Expected in the medium-term strengthening of central financial support for domestic consumption and investment in the environment may have a relatively smooth process of improving the performance of external payment Russia will contribute to the development of this trend.

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Now Russia is not ready for a large correctional movement, for growth as there is no reason
The growth of prices for black gold will support securities neftyanki, the main intrigue of the day is linked with Gazprom and Rosneft
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank and VTB
Today we can expect some reduction in the Russian market on the basis of the session