United States

Futures on the SP 500 index increased by 0.2%. Today the U.S. markets are closed. Tomorrow, Independence Day.

Europe

European markets moderately reduced at low volumes. European FTSE Eurotop 100 index -0.52%, Britain's FTSE 100 -0.18%, German Xetra Dax -0.61%, French Lyxor Cac 40 -0.64%.



Data on retail sales in the euro area have been worse than expectations. The volume of retail sales in the euro area in May fell by 0.4% in the month and 3.3% annualized. Expected to decrease by 0.1% and 2.7%. Even business activity in the service sector. Supply Managers Index (Euro-zone Flash PMI) for services in the euro area in June, 44.7. Analysts Forecast: 44.5. Previous value: 44.5.

Second day worse than the market shares of mining companies. Again reduced the prices of base metals. As leaders of the fall of copper, losing in the price of nickel, lead and zinc. Vedanta Resources -2.5%, Antofagasta -2.3%, Rio Tinto -1.7%, Xstrata -1.7%. Better the market shares of banks, despite the decline in the financial sector in the United States. HSBC 1.6%, Barclays 1.6%, Commerzbank 1.4%, Deutsche Bank 1.3%, Lloyds 1.1%.

Oil

Oil prices yesterday, lost 4% against a background of negative data from the U.S. labor market, signals a deep recession. Spot Brent $ 66.03, WTI $ 67.03. Futures in the neutral zone.

Russia

The market opened in the neutral zone, then went negative. At 16:00 Moscow time the MICEX index falling by 1%, 1.47% for the RTS. Trading volume on the MICEX stock market at low levels and account for 25 billion rubles.

Shares of oil and gas sector continues otygryvat decline in oil prices. Novatek -3.3% -2.7% Tatneft, Gazprom -1.8% -0.6% Lukoil. Shares of gas companies worse than the market against the backdrop of statistics. Gas production in Russia in I half of 2009. decreased by 21%, Gazprom's production over the same period fell by 25%. Better sector shares 0.1% Surgutneftegaz, Rosneft, -0.1%. Surgutneftegaz has entered into commercial operation of a new field in East Siberia-Alin in the republic of Sakha (Yakutia). Rosneft re a 93.12% Vankornefti - the licensee for one of its biggest fields. Proved and probable reserves on the international classification - nearly 450 million tons of oil field, one of the main projects, Rosneft.

In the metallurgical sector, the reduction of nickel back worse GMK Norilsk Nickel -2.4%, 2.1% NLMK, MMK 0.9%, Severstal -0.3%. Declining shares of banks. Bank -1.8% -0.8% VTB. Worse than the market shares of energy companies. TGC-5 -5.8%, -4% RusGidro, OGK-3 -3.5%, OGK-2 -3.4%. Are stocks IDC, which grow on the news of the transfer of inter-regional distribution companies to a single share in 2011 to better market Uralkaliy 4.5% against a background of higher prices for potash in the III quarter of 2009. 20%.

Outlook

Activities today remain very low, since the trades in the United States would not. The important statistics as well. Against a background of low activity and the volume is not deleted an attempt to enhance the game to close.

From the technical point of view, the market again yesterday, tested the level of 1000 points, which was unable to pass. Now check the strength levels of support 950 and 930 points. If they do not succumb, the market direct road to the level of 880 points. Speculators, I recommend to stay away from the market, the medium-term investors to build positions in securities at lower levels of 930-950 points, I recommend a long-term investors to hold the position.

The pressure on the euro remains
Overview of the oil market for 02.07.09
On Thursday, the value of all metals traded on the LME, adjusted after a sharp rise the previous day
Ministry of Fuel and Energy has refused to count the practice of price corridor for light petroleum products at gas stations
Sweden will lead Europe to rebuild the economy
Analysis - Results of the day
If on Monday the U.S. stock exchanges opened in the negative, the Russian market will be the next Bear Holiday
Next week is expected to remain negative sentiment on the stock sites
Rising oil prices in the run next two weeks can be up to $ 75, and by the end of the year - up to $ 100 a barrel