Europe

European markets decline. Pan-European FTSE Eurotop 100 index of -1.1%, Britain's FTSE 100 -0.77%, the German Xetra Dax -0.88%, French Lyxor Cac 40 -1.09%.

shares second largest French bank Societe Generale and Germany's largest bank Deutsche Bank falling by 3.3% and 2% respectively, after lowering the recommendations by the financial group Nomura Holdings. Metals on LME lose in price, falling mining stocks. Vedanta Resources -3.3%, Eurasian Natural -3.3%, Rio Tinto -2.6%, BHP Billiton -2.3%.

Oil

Oil prices fell on Friday against the dollar rebound from the lows and the annual increase in stocks of petroleum products. Now futures moderate decline, losing 0.4%. Spot Brent $ 67.28, WTI $ 69.29.

Russia

The market opened with a 2% gepom down on the background of the deterioration of the external background. In minus closed all share platforms (excluding China), oil prices fell, the dollar rose. Then the market decline partly leveled futures rebound after SP 500. At 16:00 Moscow MICEX index decreased by 0.84%, RTS index by 1.7%. Trading volume on the MICEX stock market 44 billion rubles., Remain at high levels.

As leaders of growth stocks are engineering sector. Shares KAMAZ again add 30% for the week has risen to 80%, against the background of negotiations on purchase of state corporation Rostekhnologii 13% stake in KAMAZ Troika Dialog at the price three times higher than the market. AvtoVAZ is growing at 7.3%. Are added today, and shares of energy companies. According to representatives of the Ministry of Energy, its investment in the electricity sector in the next year will rise by 2010 could increase by 9%. TGC-2 6.9%, TGK-14 6.1%, RusHydro 3.5%, 2.5% of FGC.

In the oil and gas and metallurgical sectors decline. Shares of oil and gas companies discreetly react to the dynamics of oil, even a 4% drop does not become an occasion for sales. Gazprom -2% -1.7% Rosneft, Lukoil -1.5%. Adjusted shares some telecommunications companies. SPC -8.9%, North West Telecom -4.2%, Rostelecom vaccinated. -3.1%.

Forecast

Statistics from the United States today there is, therefore, before the opening of the American market is not ruled out an attempt to close the gap. From a technical point of view, the market is close to the key resistance level at 1,200 points. I admit that we will update the year highs in the coming days, but buy at current levels do not advise. The risk adjustment is large, especially given the vague dynamics of oil prices. Our market in the period of growth long and hard can not pay attention to the key factors that often ends with a strong movement down. Speculators would recommend this to stay out of the market, the medium-term investors to capture profits on shares of banks, long-term hold position.

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Prices EUR /USD pair consolidated in the resistance level 1.4540
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Opel untransferable
MTS shares are held today, worthy of the general background, which means that they have the power to deal with negative
Profit in the markets is a result of increased propensity for risk, expressed in the increase in stock prices and currencies with high interest rates
Index of the Frankfurt Stock Exchange Xetra DAX fell 48.86 points, the index of the London Stock Exchange FTSE 100 fell 29.12 points