Higher, farther, more

Russia

Russia's stock market once again updated the local maxima: the RTS index rose 2.94% and the MICEX index rose to 3.19%. Trading volume on the RTS stock exchange amounted to $ 5.97 billion, of which $ 3.19 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section to gain by selling 226.1 billion, turnover in the index amounted to 95.1 billion rubles.

directional flow of money is driving up quotes, short-term goal is seen 1400-1450 points on the MICEX index, but as ordered by the psychology of the crowd is hard to say. If you look at the charts of individual securities, some of them come close to the level of last year's highs, some of which were the result of a speculative bubble, in that the nature of current growth, I think, is obvious. The analytical community is urged by investors who are actively reviewing their recommendations upward, many of the Bears have suddenly become bulls (personally, I have not stopped a pessimist, but from the bear clan denied that at the level of jokes in which there is some truth, already talking about many), so that it can start to look out for reversal, based on the theory of the opposite opinion.

opening of trading on Russia's stock market is expected to break up on 1,0-1,5%, due to oil prices (December futures for Brent crude traded around $ 74.75, WTI futures for the brand will cost around $ 76,25 ), the external background and the euphoria of bidders.

America and Europe

indices of the New World grew 1,5-1,75% against the background of positive corporate reports Intel and JPMorgan Chase. By JP situation is as follows: the results of the traditional sectors of the bank is not impressive, but everything connected with the financial markets is literally blooming. Data on retail sales have raised expectations of further optimism, that's only if you look at them a little closer, the fall turned out to be exactly within the framework of expectations - the data for the previous month was revised downward by 5 percentage points, which was not enough this time.

indices of the Old World have increased by an average of 2,1% - reporting European corporations organically merged with the positive start to the season records, and regional statistics proved to be better than expected.

raw materials, currency and so on

Prices for industrial metals in London are growing, growing, and the price of gold, to say nothing about the oil - all this is happening against the backdrop of continuing to cheapen the currency basket against the U.S. dollar. The key question now: Does the U.S. Federal Reserve controls the process or the systematic rejection of the dollar around the world?

If the Fed really keenly watching the processes occurring in the stock market, then there are a number of related issues, chief among them: How long will this continue the current monetary policy? and that the U.S. government will do with the enormous public debt, which it is substituted for private and corporate debts? In addition, there is a danger that the situation at any moment can spin out of control and the currency markets panic breaks out.

As for abandoning the dollar, it has a lot more talk than action. In the lifting process results in the form of capital flight from developing and commodity markets, which is logical, given the actual lack of an alternative at the moment the dollar (euro at a time will not be able to absorb an increase in their share of the reserves, and SDR is highly virtual instrument).

Statistics and Reporting

Today 13-00 (Moscow time) is published by the consumer price index in the euro area, at 15-25 (Moscow time) will address, Jean-Claude Trichet, at 16-30 (Moscow time) published by the consumer price index and a report on the number of applications for unemployment in the U.S., 18-30 (Moscow time) leave the data on stocks of petroleum and petroleum products in the U.S. (such as expected growth stocks, but the API reported back on their slight decrease).

From corporate reporting in the first place should be allocated Citigroup and Goldman Sachs, then in alphabetical order: AMD, Google, IBM and Nokia. From the Russian companies can be noted NLMK's operating results for the third quarter of 2009.

Forecasts of analysts: These American statistics may have a mixed impact on the dynamics of Russian indices
Against the backdrop of rapid publication of financial results Tatneft for 2 quarter of US GAAP possible surge of interest in securities of companies
Today is best spent contemplating profit in its portfolio from the previously discovered long positions
Today the U.S. Ministry of Energy publishes a report on oil and petroleum products, the market expects the next growth target
Even though the overheating quotes Russian indexes upward movement will continue
Russia Market could update the annual maxima in the first hours of trading
Domestic indices today confidently strikes highs in 2009
Shares of the banking sector will be the favorite to start trading, support during the day they will have the expectation of reporting Citigroup and Goldman Sachs
Opening of tenders is expected with a gap up to 2-3% and the MICEX index in the near future may be at the mark of 1,450 points