The onset of week on stock markets promises to be volatile: the publication of statistics on U.S. GDP and corporate reports, as well as meeting the Federal Reserve, which, as many expect, should shed light on prospects for U.S. monetary policy will contribute to increased tensions on financial markets. After a three-day correction, intensified at the end of last week, trading on Russian sites to open lower on Monday to 1-1,5%. However, attempts to restore the oil will allow the local indices to feel the bottom (near the 1400 Section of MICEX), which may begin restoration.

Financial markets late last week were under the impression made by U.S. President Barack Obama"s proposal to impose restrictions on risky transactions of banks, and impose their new tax, designed to restore the treasury a1000bout $ 90 billion

In addition, approaching mid-season corporate reporting can be said that, the fact that the results of U.S. companies do not justify a positive expectation of rapid economic recovery, thus forcing investors to withdraw money. Finally, the Greek problem once again reminded of the vulnerability of the financial system, and on the sovereign level, shaking her severe shocks, larger than in the case of bankruptcy of Lehman.

Influenced by splashing out on the market a negative U.S. stock indexes on Friday declined by 2%, losing, thus, almost 5% in three trading sessions. The Dow fell on Friday at 2.09% to 10,172.98 on, the index SP - on 2,21% to 1,091.76 p. In the course of trading mostly playing off Obama"s innovations and possible slowdown of China"s economy against the backdrop of the Government imposed restrictions in the banking system. Outsiders again become banks, despite the good reporting Goldman Sachs and Wellsfargo, which appeared yesterday. The results of Google and GE, slightly exceeding analysts" forecasts were not able to change the direction of trades. In addition to all, a weak oil demand and reduce load refineries, as well as falling demand for raw materials caused by fears of cooling China"s economy, have led to sales of oil futures and metals, landslides shares of mining companies.

Today in Asia, leading indices continued their retreat, though, after continuing for six days of correction, its scope has greatly decreased. MSCI Asia Pacific Index lost 0.6% today. Under attack are banks and exporters, who now has played against the strengthening of the yen against the dollar. Also look worse than the market metallurgists, which presses the correction in commodity markets.

In a very negative external background, trading on Russian sites will open reduction. We believe that attempts to technical recovery of oil and timid weakening of the dollar today in Asia could fall to keep the domestic market at the 1400 Section of MICEX, subtracting it from the decline to a more powerful support line near p. 1380-1370

In general, we expect a very volatile week. On Monday and Tuesday we do not exclude a technical recovery index, which can be continued if Ben Bernanke on Wednesday after the Fed meeting and assured market in the specialty course chosen policy of cheap money.

On Friday, waiting for us another important publication - data on U.S. gross domestic product, which will be supplied to original Subtotal corporate reporting. We believe that the Friday data may show the economy has slipped States in October-November, which has already been seen on the report for the third quarter, which, with specification of the September data was revised downward. The consequence of poor statistics on GDP, could be another wave of profit taking in the raw material had a destructive impact on Russia"s market.

Today, despite the positive expectations for the placement of Rusal, we expect continued sales in the metallurgical sector. Norilsk Nickel will play against the market situation of non-ferrous metals. In the steel industry must make NLMK, which reported on the stagnation of steel production in the 4 th quarter and the reduction smelting of 2%. Greatest fall in demand experienced by the largest consumers of steel - the Asian countries. In the 1 st quarter of 2010 NLMK forward to continuing to reduce production, which must be offset by rising prices for steel products.

level of $ 73 a barrel for oil, despite ongoing attempts to restore it, will help to maintain sales in the papers of oil companies. Also will look weak banks.

Among the papers, which may be a demand, you should pay attention to the non-primae54ry segment of the market - the consumer sector and electricity.

Americans do not earn their banking accounts

largest U.S. banks over the last quarter of 2009 was worse than forecasts ...

Asian stocks cheaper 6-th session in a row
U.S. index showed the greatest three-day decline since March, but rising futures
The level of support for the RTS Index futures for today - 146 100
A certain recovery rate of EUR /USD lost in the last days of positions in the near future to continue
Technically, to determine the future direction of motion is important to retain the MICEX indexd10level of 1400 points
In the case of turning the market may return to earlier levels as quickly as it fell
Today, the bull has a chance of a transition to the consolidation and subsequent testing of an important level of 1,415 points
The probability that the downward correction of the market of Russia will stop at the current levels, markedly reduced