Monday will test the lows of last week

The American share indexes on Friday completed a new auction fall. Neither the strong GDP data for the 4 th quarter (5,7% while the forecast 4,7%), no positive makrostatistika (ISM Chicago 61.5 - a record in November of year 2005) or very strong corporate reporting is not allowed stock indicators complete the week and month in the positive zone. Perhaps the stock market simply signals that in the future we should expect slowing economic activity in the global economy.

fears of investors concerning the debt of European countries such as Greece, Spain and Portugal, took the euro to the new lowest level against the dollar (1.3850%). Strengthening of the dollar and falling stock market indices exert pressure on the oil quotations mixture Brent, which dropped to a mark of $ 71.2 per barrel. A key indicator of business activity (PMI) in January in China has shown to decrease the level of 55.8 against 56.6 in December. These data also do not add optimism on the stock and commodity markets. By the way, the commodity index Goldman Sachs (GSCI), which includes 24 kinds of raw products, in January showed a decrease of 6,2%, which was the strongest decline since December of the year 2008. Copper in the previous month has lost 6,6%, and oil - 6,8%.

opening of trading on Russia”s stock market on Monday we will see a 1.5% gepom down. I believe that the MICEX index earlier this week, may try again on the strength levels of support last week (1375 on). In leaders of the paper will reduce the oil and mining companies. Great influence on the course of today”s trading could have our Central Bank, in whose hands will deter attacks on Russia”s ruble exchange rate (USD /RUB 30,44). I believe that today in our market share will dominate the sellers, and therefore, better stay out of positions in the market. Nevertheless, purchase, we will resume in the coming days.

In the 16-30 waiting for data on personal income /spending Americans. At the same time leaves the December price index PCE. In the 18-00 waiting for publication of the December data on the cost of construction, as well as the January ISM index in the manufacturing sector (forecast: 55.6).

“Aerosvit” can not meet
Forecasts of analysts: Russia”s stock market is waiting for the opening downward movement within the course of the day trades can be adjusted with data from the U.S.
In the next session of the market is expected to “Comma delimited with”: MICEX index will be in the range 1360 - 1420 or 1370 - 1420 points
The focus today will be focused on the shares of Rosneft, the company will publish its financial results in 2009 by US GAAP
Technically the market of Russid3ba looks good, can not be said about the U.S. indexes, where the uptrend has been broken
In the coming days the attention of market participants are likely to be concentrated in the telecommunications sector
U.S. indexes and oil futures reached a strong support, which contributes to a reversal
If the “bulls” will keep the level of 1390 points on the MICEX index, it is to maintain hope for a turn and a new wave of upward movement
In the case of breakdown at the opening level of 1,390 points on the MICEX index, “Bears” will be used to storm 1365 points