While the foreign exchange market, the ruble is stable, strong, falling to Russia”s market, we should not expect

After the speech by Obama on financial sector restructuring started clearance sale in shares of banks. U.S. indexes up yesterday crashed about 2%, to close at the minimum values of the day. S P500 index lost 1.89%.

Asian markets also fell today after selling in the shares of financial companies. Combined SP ASIA50 Asian index fell 2.21%.

in commodity markets yesterday, also showed a sharp negative dynamics, despite the neutral statistics on stocks. Now quotes Brent oil a little bounce up to the level of 75 dollars per barrel, which holds the Russian investors to panic.

Support the mood and a slight recovery in futures on the U.S. indices, which are already close to support levels on the value of items in 1110.

The good news today was the change in the international rating agency Fitch Russia”s credit rating to “stable” and affirmed the long-term Issuer Default ratings of obligations in foreign and local currency ratings at “BBB”.

negative news for stocks in the oil industry today is the statement the Vice Premier, Finance Minister Alexei Kudrin, who, speaking at the conference “Russia and the World: Challenges of the Decade”, outlined the major budgetary prospects of the country. “Oil and gas revenue budget in the next 10 years will be reduced by 3,5-4% a year”, - Kudrin said. This budget spending all this time in real terms will not grow and may even decrease. The role of oil and gas sector in the economy in the next decade will be reduced, I am sure the minister. “The share of oil and gas sector in GDP declined from 25% to about 14% or even more,” - he said. Notably by the Finance Minister also unveiled today at the overall situation in the world. “The world financial crisis continues, the global crisis has not yet been completed. He prepodneset us new surprises. I”m not scared. They now occur locally - whether in Dubai, whether it be in Greece, whether the situation in some larger banks. Maybe we still have a little shake , - the Minister said, stressing that the solution to the crisis will be difficult. “And what we are now able to keep the banking system as a whole is positive, but we must not forget that all the problems of the financial sector is not resolved, on the balance sheet of banks, there are serious problem assets. They probably had not yet appeared in full volume “, - Kudrin said. He said the economic recovery will depend directly on how quickly the real sector, has taken credit, will be able to stand on its feet and begin to repay the loan. However, as RIA Novosti reports, Kudrin noted that the projections for the current year, growth will be about 3%.
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MICEX at 13-00 Moscow time today, losing more than 1,5%, according to our estimates, the index will get powerful technical support for the value of 1400 points, where you can now try to play into the purchase.

While the foreign exchange market, we see a stable ruble - a strong decline in Russia we should not expect the market. The greatest potential for today we see in the actions of “Lukoil”.

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