starts the day a moderate rise in

U.S. stock indicators closed again on Monday with a raise. SP 500 index peaked almost a year. When individuals do not grow on anything, the market heats itself: investors buy securities, following the recommendations of major investment banks. Amid the continuing optimism on the stock market, the EUR /USD on Monday updated the annual maximum, reaching 1,464. Extremely low rate of LIBOR encourages investors to sell the U.S. currency and buy more profitable assets and currencies. Analysts say Citigroup EUR /USD in the near future will continue to strengthen, while maintaining the capacity to test the level of $ 1,472. Today will be published report of the Center for European Economic Research ZEW expectations of investors and analysts. If the published data will exceed market expectations, it may cause a new strengthening of the euro against the dollar.

Oil prices since early September is very weakly correlated with these processes in the foreign exchange market. The cost of a barrel of Brent oil traded on Tuesday morning near the mark of $ 68/barr. That roughly corresponds to the average values of yesteryear. Gold prices continued to trade near a stable mark of $ 1000/unts. Today's trading in Asia in general are in the zone of modest recovery of stock indices: MSCI Asia 0,76%.

The opening of our market shares on Tuesday we will see in the zone of moderate growth. I think it would be appropriate to use the morning rise in quotes for non-aggressive profit-taking. Day the most liquid index of paper in the near future will not have a shortage of buyers, as the external background is still painted in green tones. The greatest volatility in the markets we see today in the evening, when the block will be released statistics from the U.S..

In the 16-30 - the August data on producer price index (PPI) (Forecast: 0.8% m /m, -5.4% y /y). At the same time extend the data on retail sales in the U.S. (forecast: 2.0%). Here, investors will arrange just very positive figures, because at that time in America program was launched Cash for avtohlam. And, finally, in the 18-00 waiting for performances of head FRS of Ben Bernanke on the financial crisis in Washington.

Kommersant: The sale of electricity for export is proposed to gradually
Umansky: The Government has laid the draft state budget-2010 the price of imported gas $ 260 per 1000 cubic meters. m
Kommersant: The auditors found violations of the budget by more than 350 million hryvnia
European indexes decrease on Monday on fears of too strong rally
Futures on the S P500 decreased by 0,3%, contracts for WTI show no pronounced dynamics, bargaining at $ 68,8
RTS Index futures have risen in price on the session on 0,5% to 1190 40 points
There is a possibility that the volatility in the markets in the near future will increase
When the negative dynamics of futures for the opening of trading in the U.S. and world oil prices, the most liquid stocks of Russia may begin to decline
The situation on the equity market would be today as ambiguous as the external news background