During today's trading positions will be most vulnerable to the actions of Russia's Banks

morning decline, day Comma delimited

Causeless growth, to which we are already accustomed to seeing on American exchanges, yesterday snapped. Most overseas stock declined during the trading session. Sale of shares touched first auto company, where he graduated from the program Cash for crock, and paper banks after SunTrust Banks reports that the credit banks will have to face a new wave of defaults on loans and the price of commercial real estate may fall in 2010 . His poison in the honey brought to the market and well-known analyst Richard Bove (Richard Bove), who stated that 150-200 more U.S. banks will fail in the banking crisis. However, U.S. stock indexes finished the day near zero marks only because of the growth stocks of commodity companies, since the oil price in New York yesterday almost came close to the mark of $ 75/barr, while copper reached a 11-month high.

In morning trading in Asia, the dollar rose against the euro, as another drop in stock indices in China (-4.6%) again provoked a wave of flight from risk. According to China Construction Bank, the excessive amount of cash in the banking system in China has led to the creation of asset bubbles. To combat these bubbles banks will be forced to reduce their lending. Against this background, this morning, the oil price Brent ($ 73,7 /bbl) lose about yesterday marks already -0,7%. Because of today's drop in Asian markets, and now there was a decrease in futures for U.S. indices: SP -0,5%.

Today, Russia's stock market starts trading session with a 1-2% gap down to liquid securities. I think that in today's trading, the most vulnerable position to be in the actions of our banks, although here the situation is not so clear. Tonight, the supervisory board VTB must announce the results of the SPO. In the case of high demand and high price of accommodation, I think, is worth waiting for a surge in demand for shares of VTB and Sberbank on the MICEX. Oil paper today also skorretiruyutsya down after the oil price. Thus, this morning, our stock market can go down on 1,5-3%. However, after the opening of trading in Europe, a drop in prices in our markets will be stopped, and the indexes can traditionally expect to rebound upward. Day, by tradition, we will drift into the evening waiting for release of data from the U.S.: 17-00 June index of house prices SP /Case-Shiller (forecast: -16.4%) and 18-00 August index of manufacturing activity in the area of Richmond Fed , at the same time, we expect strong market reaction to the August value of the index of consumer confidence (prediction: 48.0). At the same time in the U.S. goes the June index of house prices (forecast: 0.4%).

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Analyst Ratings


Despite the expectation of correction in the future the next few days, by the end of the week the stock market could start to recover
A positive role for the growth RTS index has played a strengthening of the ruble exchange rate
Today we can expect attempts to test the market hall 1100 - 1090 points on the MICEX
Today, by 10:30 Moscow time, Russia ruble to the dollar and against the currency basket of the MICEX was 31.56 and 37.64 rubles
At Russia's stock exchanges is expected to open with a gap down on the RTS on 0,5-1%
Today, as one of the guiding forces in the world's trading floors will serve as the news was re-elected head of the U.S. Federal Reserve for a second term
Shares of Russia's oil and gas sector at the start of today's session may be subjected to the highest sales
Russia stock market today at the opening will go down because of buckling of oil and U.S. futures
Asian stock exchanges today are corrected by fixing the profit

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