Investor sentiment remains extremely changeable, and markets, respectively, vysokovolatilnymi

Tuesday, October 6, having played in the first hour of trading improved sentiment on foreign stock markets (above all, strong growth for the U.S. market before) the rise of the MICEX and RTS indexes on the order of 2%, Russia's stock market went into languid drift, which lasted until began trading in the United States in 17:30, which gave a positive start to the Russian paper quotes a new impetus for growth. It should be noted that in an effort to focus on investor sentiment in the U.S. market yesterday, Russia was not alone in the same way - a dynamic rise in the beginning and end of the session, separated by several hours of extremely sluggish side views - and the situation has evolved in the European markets. At the end of the day MICEX amounted to 1 220.45 points (3.59%), and RTS index has updated a maximum of 2009 and amounted to 1 270.63 points (3.54%).

Also, bulls have a growing support for a weaker dollar commodity markets, which played an important role in the comparative dynamics of the market sectors of Russia. Of the sectoral indices MICEX greatest increase - from steel MICEX MM (3,99%), quotes Polyus Gold added 5.87% on the background of the absolute price peaks in the gold market: spot prices reached a record 1,040 dollars per ounce. However, in anticipation of reporting the American Alcoa did not lag behind and representatives of the Steel, Mechel 5,95%, 4,37% MMK, NLMK 3,64%.

oil and gas sector also felt the full support of commodity markets, MICEX OG 3,74%, the highest increase - in actions Gazpromneft (8.67%) and Rosneft (5,04%).

Financial MICEX FNL index rose 3,84%, favorite sector became VTB shares (7.94%), which is for 9 months. by RAS received a net profit of 7,9 billion rubles. against 16.6 billion rubles. losses for 8 months. Profit for the month amounting to 24.504 billion rubles. Bank explains the restoration of reserves for possible loan losses, dividends received from subsidiaries, income from operations with securities. Sberbank shares also benefited from demand, ordinary 4,32%, 3,32% preferred.

The energy index showed a smaller increase, 2.29%, mainly due to poor performance RusHydro (-0.29%). At the same time, renewed buying in the network segment, FGC 4,24%, IDC Holding 4,0%.

In the telecommunications sector continued to rally in preferred shares of Rostelecom (5.66%) shares of most MRK also a plus, but the decrease in quotations of Comstar (-1.15%), whose weight in the index calculation based MICEX TLC is more than 13%, limited the growth of the latter, 1,58% for the day.

Expectations for today: the external background today favors continued growth in the Russia market. MICEX after the RTS can update the highs of the year (around 1 240 points). At the same time, we note that investor sentiment remains extremely changeable, and markets, respectively, vysokovolatilnymi, with the potential threat to the continued growth in the medium term will be not only too weak, and too optimistic corporate accounts and macroeconomic statistics. Not met the expectations data cast doubt on the thesis of achieving economies bottom, but too strong releases may make monetary authorities to move the focus to the development of measures to stimulate the economy of cheap liquidity to the selection of an optimal time to initiate an exit strategy. So, no more than it is today head of the Federal Reserve Bank of Kansas Thomas Hoenig suggested that the Fed should begin to tighten monetary policy sooner rather than later

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An important event for Russia's stock market today will be the publication of reports on stocks of petroleum and petroleum products in the U.S.
If VTB shares will be fastened above the 0.06 mark, then, from a technical point of view, likely to increase the level of resistance to 0,08
Impact on the dynamics of today's trading would have a weekly publication of data on oil reserves in the U.S.
The achievement rate of USD /RUB in October 2009 marks near 29.00 at the moment looks possible
On the positive closing of the market of Russia will be able to retain only the correction of oil prices against the background of a strengthening dollar and rising stocks in the U.S.
Reports of most U.S. corporations likely will be better than forecasts, which can push the world markets to new highs, the
Today the possible surge of interest in the shares Mosenergo in connection with the publication of financial results under IFRS for the first half of 2009
Gazprom calls for joint efforts and maximize coordination of participants of the global gas market
Yesterday, the euro /dollar at the U.S. session, rose to the level of 1.4760

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