From a technical standpoint, the market hold above 950 points and the MICEX index went up to the level of resistance of 1000 items

United States

Futures on the SP 500 index increased by 0.7%.

Europe

European markets are growing. European FTSE Eurotop 100 index of 1.64%, Britain's FTSE 100 1.72%, German Xetra Dax 1.62%, French Lyxor Cac 40 1.7%. Positive corporate reports of U.S. companies give investors hope for a speedy economic recovery, is against this backdrop that the U.S. substantially reduced, and prices are rising.

In the best performing shares of banks. Finance Corporation CIT Group, which is on the verge of bankruptcy, was able to negotiate with major holders of its out-of-court restructuring of debt. The losses the company, which is the largest lender in the U.S. small and medium-sized businesses over the past two years amounted to about $ 3 billion assistance from the Federal Government, the corporation has never received. Lloyds Bank Shares soared 7.7%. Bank report this week, according to British media, Lloyds can greatly surprised market participants of their results for the first half. Royal Bank of Scotland 5.2%, HSBC 2.7%, Deutsche Bank 2.7%.

continued rally in the mining sector. Metals LME update on the local maximum, nickel reached its maximum level over the past 10 months. Kazakhmys 6.3%, Eurasian Natural 5.5%, BHP Billiton 4.1%, Rio Tinto 3.9%. Growing shares of the largest German steel producers against a background of higher prices for rolled. ThyssenKrupp 4.2%, Salzgitter 3.5%.

Oil

Oil flew above $ 65. Hopes for economic recovery and a sharp decline in the dollar increased demand for black gold. Spot Brent $ 65.8, WTI $ 63.56. Futures mark Brent with delivery in September, growing by 1.8% and traded at $ 66.5.

Russia

The Russian market has opened with gepom up and continued. Oil, which grew well on Friday, rose more significantly strengthened the ruble. The external background is also conducive to growth, futures on the SP 500 index in the black, closed the growth of Asia, and European indexes added. At 15:20 Moscow time the MICEX index rising by 3%, 4.72% on RTS. Trading volume on the MICEX stock market remains at an average level of 34 billion rubles.

In the best performing stocks today, metallurgists, which followed the world's largest industry representatives otygryvayut a significant increase in the base metals. SeverStal 7.8%, MMC Norilsk Nickel 6.9%, TMK 4.9%, 3.4% of CMI. Shares in Polyus Gold rising 3.5%. There are reports that Polyus Gold does not exclude the possibility of merging with a major global player in the gold market. Also, the chairman of the board of directors of the company Mikhail Prokhorov did not rule out that the payment of interim dividend on the basis of a semester.

Since September 20, will enter into force a decree of the Russian government to reset the customs duties on exports of oil from 13 fields located in eastern Siberia. However, shares of Surgutneftegaz 1.6%, which is one of the largest companies in the region, are weaker than the market. Stocks rest of the sector are growing at a growth in oil prices. Gazprom 3.8%, 2.2% Rosneft, Lukoil 1.3%. Shares of Sberbank rose 4.3% to EUR 40 mark. thanks to good news for CIT Group, VTB slightly below 1.9%.

Outlook

It is a positive factor in the current situation is a significant strengthening of the ruble. For the Russian budget is a critical point of $ 60 oil, so the rebound from this level and the growth of higher than $ 65-70 a positive impact on the national currency and stock quotes. Because of today there are only the index of leading indicators in the United States, which will be released at 18:00. From the corporate records of interest to Halliburton and Texas Instruments. Tomorrow, Fed Chairman B. Bernanke will speak before the Congress a report on monetary policy for six months. It was expected that the head of the Fed announced the intention of the Fed to continue the current policy is extremely cheap and available money even for a considerable time that the markets are very good.

From the technical point of view, the market hold above 950 points and came close to the level of resistance of 1000 points, which will be tested today-tomorrow. Growth above this level while further improving the oil is quite likely, however, and a rollback is not deleted. Speculators, I still recommend that the record profits and go into cash. Medium-term investors recommend slowly build up positions on the pleadings, I recommend a long-term investors to hold the position.

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