For the first time the support is not passed. The level of 850-860 points on the MICEX index was unavoidable (yet) for sellers, and quotes black gold also fell on the support of $ 57-59 per barrel. In the end, after gepa down on the market almost immediately followed by active buying, growing in the second half of the tenders. In doing so, the market looked more ordinary and preferred securities of Sberbank of Russia, as well as the oil sector, which is positive for a dramatic weakening of the ruble. As for the banks, in this case is likely to affect expectations of accountability as the Sberbank (today it must account for the I quarter of 2009 under IFRS) and the number of American banks, which will follow this week.

In addition, yesterday's growth we have another news: the head of the ECB Jean-Claude Trichet said that plans to continue to redeem bonds secured by the program, calculated on the € 60 billion and in 2010. Also yesterday, the ECB is further secured bonds bought at € 43 million we believe that it is necessary to draw attention to the news and the unexpected failure of Russian and U.S. indices to break down levels of support - previously we have seen similar surges of optimism against the backdrop of reports of additional financial injections into the economy.

Regarding the situation in the market as a whole, in this case, although the formation of rebound and the growth opportunity in a day or two possible, we do not expect that this growth will be the foundation for a new sustained rally in the market . Most likely, the upward trend may be limited to 920-930 area for items on an index of MICEX, where the medium-term down trend.

Today

leading world markets on Monday closed down a significant increase in: German DAX 3,19%, Britain's FTSE 1,82%, DJIA 2,27%. Asian markets this morning, mostly increasing, while Japanese Nikkei225 adds 2.34%. Futures on the S P500 grow at 0.20%.

Pair EUR /USD is in the € /$ 1,3901, while USD /JPY - in $ /#165; 92.14. Gold is $ 909.44 per troy ounce, silver - $ 12.86 per troy ounce, Copper - $ 4,952, and nickel - $ 15,080 per metric ton.

Yield for UST-2, 0,92; for UST-10 3,38.

Oil Prices in the last 24 hours have increased by $ 1.68 to $ 61.38 a barrel varieties Brent.

So, today we are waiting for the growth of quotations on the Russian securities market in early trades.

Today, at 12.30 GMT in the United States will be the index of producer prices (Producer Price Index, PPI) and data on changes in retail sales (Advance Retail Sales). And in the 14.00 GMT - statistics on changes in stocks in commercial storage (Business Inventories).

Polymetal estimated the amount of kapzatrat to develop Albazin deposit of $ 238 million
Tenders for the main couple will be mostly in the range 1,3912-1,4060 dollars per euro
The course has increased the dollar - the morning review of cash markets
NBU: the Ukrainian banks Revenues in January-June amounted to 72 billion UAH, expenses - 82.2 billion UAH
Ukrainian rental markets in the world might appreciate by 20%
Kommersant: Nabucco is inevitable
Expensive habit to eat
Better the market today may look like banks and securities shares GMK Norilsk Nickel
The reason for the growth of Russia's main index is a positive closure of the trading in United States