Today, we expect a positive opening on U.S. markets. In the first minutes of trading the major indexes can add about 0.5%, after which the players will draw attention to statistics on an index of business activity in manufacturing (ISM Index, is expected to 55.2 points, the previous value of 55.9 points) in January, leaving at 18.00 MSK. to define further the dynamics of the markets. It should be noted that the players continue to ignore the statements of U.S. companies and are waiting for Paul Volcker”s speech in Congress, which will be held Zavriev.

traded on the American sites have opened growth of the major indexes, helped by data on U.S. GDP for the fourth quarter, which turned out better than expected. In the future markets have been supported by positive data on business activity index of Chicago and University of Michigan consumer sentiment, but it was not enough to continue growth. After the first hour of trading, during which the main indexes added about 1%, the markets faced a wave of sales. As a result, by the middle of the day indices returned to levels close Thursday, and at the end of trading left in negative territory. As a result, the indices Dow Jones and S P500 lost 0,53% and 0,98% respectively, the NASDAQ index fell 1.45%.

Today, the morning session, the index futures on S P500 showed restoration of quotations, but after the release of statistics on an index of personal spending, there has been a slight decrease, resulting in a 17.00 contract is trading at 1,075.5 points.

Meanwhile, Russia”s market returned to morning levels. By the current moment the MICEX index lost about 1%, dropping to a level of 1405.7 points. In leaders reduction Rosneft and Gazprom Neft, losing more than 2%. Better the market looks the regional telecom sector, the paper which demonstrate the growth of quotations. Itf1cshould be noted that bidding in the market place against a background of high volatility. Additional portion of “noise” comes on the market after the index of ISM. This statistics is likely to determine the dynamics of our sites at the closing.

log in and see the material;; 1; user rated material at 3.

Analyst Ratings

The U.S. economy grew
Forex - in the European session
In the steel sector now dominated by selling on the background of reducing the cost of industrial metals
The market remained “bullish” idea: “Gazprom jumped inside the day up to 2.5% on the results of financial statements for the III quarter 2009
Now on the market, the weak position of Russia in securities NLMK, they look worse than their steel counterparts
In 2009 RusHydro sent 8.5 billion rubles in technical renovation and reconstruction of the generating facilities
In the 4 th quarter of 2009, Mechel cut coal production by 4% to 5.434 million tons
Net profit of Rosneft on US GAAP for 2009 decreased by 36% to $ 6.514 billion
Overview of the market of precious metals for 29.01.10

European markets look fairly stable, the pan-European index Dow Jones Stoxx 600 is reduced by 0.44%. Banks, despite the news from China, are growing up. Barclays 2%, Royal Bank of Scotland 1.9%, Commerzbank 1.6%, Deutsche Bank 1.2%. Oil remains at the local minima with rising dollar. Spot Brent $ 71.62, WTI $ 72.89, futures in positive territory at 0.8%.
Rossyisky market opened 1% lower against the external negative, then tried to close the gap, but by the middle of the day again went to the opening levels. At 15:30 the MICEX index decreased by 1.4%, RTS index at 1.24%. Trading volume on the MICEX stock market average, 28 billion rubles. Much better than the market looking like the action of the regional telecom. No news on the sector, no, the players expect that the coefficients of exchange of shares of MRK shares of Svyazinvest will be beneficial to holders of preferred shares of MRK. “Pref Uralsvyazinform grow at 7.2%, SPC at 7.3%, Sibirtelecom 6.9%.

strong enough now looks Gazprom, some support for the shares of the company has records for III quarter of IFRS. In this case it is difficult to assess unambiguously. Net profit rose 33% over the same period in 2008, but the main factor that influenced the size of the net profit has become currency translation gain of $ 42.5 bil. against losses of 35.8 billion rubles. year earlier. Revenues decreased by 7%, EBITDA declined by 41%. It shares the largest oil companies are falling,Rosneft -3% -2.4% Gazprom Neft, LUKOIL -2%. Also losing in the price of shares of steel companies, NLMK -3.9%, -2.9% Severstal, Norilsk Nickel -1.6%.

Before the opening of trading in the U.S. market continues to oscillations around the mark of 1400 points on the MICEX, and then will wait for data on personal spending /income from the U.S. and reporting the largest oil and gas companies of Russia and the United States. In addition to Gazprom Rosneft will report in the United States will publish the results of Exxon Mobil. In addition to statistics on expenditures and household income, which will be released at 16:30, at 18:00 waiting for data on construction spending and the index of activity in the manufacturing sector ISM.

While our market does not want to go below 1400 points, any reduction in the players quickly redeem. This is facilitated by a large amount of free liquidity and low interest rates on the interbank market. However, the fundamental situation is complicated, in addition to oil we should put pressure dynamics of the American market, which struck uptrend. If in the coming days, players in the United States will continue to play a fall, we follow them.

log in and see the material;; 2; user rated material 5.

Analyst Ratings

Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather …

Opening of the American stock indexes are now expected to top
At 16.00 Moscow time the price index value RGBI was 130.71, compared with the closing of Friday, it rose by 0.031%
Annual general meeting of shareholders “Tatneft” will be held June 25 in Almetyevsk
In 2010, TNK-BP will focus on the Yamal, Uvat and Verkhnechonsk projects
Proceeds of the KLA in 2009 grew 18% to 114 billion rubles
On Monday morning prices on the London Metal Exchange are stable
Euro still falling
The newly emerged echoes the tense situation with sovereign debt in the euro area

The acts Rosneft continue to sell, the situation surrounding the tax benefits for deposits in eastern Siberia, is strong enough influence on listed companies. For the same reason, minus traded securities “Surgutneftegas”. Somewhat better feel shares of LUKoil. The fall in oil chips was 2.5%.

Also in recent times looked bad action Uralkali, the company reported back in 2009. Investors expect that in the new year, capacity utilization will rise against the background of recovery in demand around the world.

Let me add paper telecommunications sector. Excessive demand seen in the actions Uralsvyazinform, which added about 4.4% and exceeded the level of 90 kopecks. As leaders of growth also quotes “Volgatelekoma” (4,86%), Rostelecom (1,33%) - this clears the same news as last week - the reorganization of Svyazinvest.

In general, Russia”s market is still quite weak, and in all sales to European markets and negative futures on U.S. indexes on domestic platforms decline is continuing. We were unable to break through the level in 1360 on the MICEX index, which means consolidation around this level will continue. In order for the RF market went below, must be serious and substantive reasons, which do not. Therefore, I think the market will stabilize and continue its growth in the near future.

log in and see the material;; 7; users rated material on 3,7.

Analyst Ratings

Indexes in Europe have grown on 0,8-1,4% on good reporting companies, statistics from the U.S.
Shares of Gazprom - one of the few leading papers that are now traded in the market better
Shares of Gazprom (0.6%) show better dynamics in the oil and gas sector, the reporting company revived investor interest in securities
Dmitry Medvedev approved the DOCTRINE food security RF
Asian stock markets continue to decline against the background of data on industrial production
Overview of the oil market for 29.01.10
Entry into force of the treaty on the transfer of banking data to the U.S. authorities
Russia”s GDP up to 2009 declined by 7,9%
Umansky Framed Tymoshenko

Fig. 1. VTB. Basis in the day.

The number of open positions compared with the opening of the morning was down 400, and at 13-00 Moscow time, the value of this indicator amounted to 40400 (Fig. 2).

Fig. 2. VTB. Open positions within days.

In the long term the market remains in a downtrend. The volatility of the March Putov “outside money” is lower than the volatility of the March call “out of money.” Thus, the current market, we are witnessing “volatility smirk” (Fig. 3), which indicates that in the short-term opportunity and growth, and decline.

Fig. 3. VTB. Exchange IV within days.

If we talk about the number of open positions, the maximum number remains VB7500BO0 (put max, Fig. 4) and VB6500BC0 (call max, Fig. 4) strike, whf90ile the absolute values of these strikes do not allow the focus to these levels as in the fully formed. ”

Fig. 4. Levels of optional support /resistance.

At the current market conditions seen equiprobable possibility of movement both up and down.

log in and see the material;; Your score will be the first!

Analyst Ratings

The worst of the market traded Gazprom Neft and Rosneft, the better the market feels the regional sector “telecom”
In Russia the market realized the expected correction in the falling trend
Shares of metallurgical and oil and gas sectors traded “good market”, the greatest losses are NLMK, Gazprom Neft and Rosneft
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank “
Exam for the dollar
Asia: week started declining regional indexes
OL initiates an extraordinary session of parliament on February 3 this year
Valuable trillion
Indexes in Asia, falling due to fears of tightening credit policies in China

1) The green horizontal line - 143 500 points on RTS Index futures.
a. Achieved. We look forward to consolidation.
2) The blue horizontal line - 127 850 points on the RTS Index futures.
time to achieve this goal:
a. 5 - 10 working days.
3) red horizontal line - 118 500 points on RTS Index futures.
time to achieve this goal:
a. 25 trading days.

Recommendations for today:
1) Buy at 143 500 points. Stop-loss is set to mark 144 000 points.

Evening session on FORTS January 29, 2010:
Following the Friday evening session, the futures on the RTS index fell by 2300 points. Volume - at an average level. Today it is possible to continue the consolidation between the levels 150 000 and 143 500 points. In a significant decrease in the shares of the Savings Bank can not believe it until the “prefecture does not paint a picture of a much weaker than the one we see now. We look forward to achieving a pair of Eurodollar 1.3691 level, to buy futures on a couple evrorubl.

log in and see the material;; 1; user rated material at 2.

Analyst Ratings

At the end of the day Russia”s stock market may deteriorate to a mark in the 1390 points on the MICEX Index
The level of support for fixed-term contract on RTS index today - 142 800 points
Russia”s airlines will increase traffic volumes
Top gainers on the RTS last week began to rally Rosinter, adding 28%
The main intrigue unfolded in the foreign exchange market
PwC: London has become the most attractive market for new investment in real estate in Europe
AMC investigating unjustified increase in prices for light petroleum products
Deposits of legal entities - Market Overview
Deposit for private individuals - Market Overview

“Contextual advertising has confirmed its sustainability as a business model, - says Alexey Tretyakov, commercial director of the company. - During the crisis, many advertisers have chosen her among all advertising mediums. Contextual advertising on” Yandex “allows you to tightly control the budget and addressed the most concerned part of the audience. Therefore, even those advertisers who have been forced to cut their advertising budgets will be treated to the context. The crisis has affected the average amount of advertising budget on one client - it has decreased, but the total number of clients increased from 2009 by 55%. For 2009 Yandex display ads, more than 120 thousands of advertisers. ”

Internet advertising - the only sector which showed growth against the backdrop of general decline in the advertising market in 2009. The total volume of the advertising market, according to the ACAR for October 2009 decreased by 30%. At the same time in media Internet advertising for the first 9 months of 2009 grew by 3%. A growing market content for the entire year 2009, according to the calculations of experts, is not less than 10%.

According to TNS Russia, a monthly audience of “Yandex” has grown over the year by 29% and in December 2009 amounted to 22.7 million users - is the largest portal in RuNet. According to ComScore, in 2009, “Yandex” has become the fastest growing search engine in the world - the growth of the number of search queries was 91%.

In 2009, “Yandex” has launched a new search platform, which uses its own original algorithm for machine learning (MatrixNet), which allowed, in particular, show the local search results to users in 1250 Russian cities.
In the early hours of the session on Russia”s market bidding will take place in the “red zone” in the future expected volatility countervailing dynamics
Railways have a patent strategy to 2030
Trading on the American sites have opened growth of the main indexes
Forex Market 01/02/1010
Milestones week

Lutsenko hung, Chekhov became a poet, Litvin gone over …

Dances of all

priority of the new president will be the sponsors of the compensation of costs incurred by them …

Forex Asia
In Russia”s market under the effect of falling oil prices continue to sell, the negative dynamics can be preserved until the end of the day
The negative dynamics of Russia”s market to continue during today”s trading session

Deutsche Bank Chairman Josef Ackermann said in a Financial Times interview in Davos, which supports the idea of creating a European fund, which could be used to support as appropriate the largest financial institutions, bankruptcy which would create systemic risk.

“Of course, the money in the fund should go mainly to banks,” - he said.

British bank Barclays President Bob Diamond also cautiously supported the creation of a fund.

“I think each of the G20 countries would like to have an insurance scheme that would allow to cover the costs associated with the collapse of banks in the future” - he said, speaking at a forum in Davos.

At the same time voiced by many bankers argue against excessive regulation of the banking sector and the imposition of restrictions, which ultimately could negatively affect the economy as a whole did not find understanding.

idea of creating a special insurance fund for banks owned by U.S. President Barack Obama, who proposed such a way to cover the costs of the budget to save the financial system. He advanced the idea of limiting operations of banks in the market.

French President Nicolas Sarkozy said in Davos on the support of the proposals of the American president, setting the general accusatory tone in the financial sector. This tone was actively supported by many other politicians.

“If the big banks believe they can stop the regulators, then they are deceiving themselves. They have no political support - told reporters a U.S. Congressman Bernie Frank. - We are determined to impose a very strict regulation.”

British Finance Minister Alistair Darling, who was quoted by the agency Bloomberg, said that in the interests of banks “to withdraw from the front pages and do what they are entitled to - to lend to the economy.”

financial crisis has fundamentally changed the relationship between banks and governments, as well as the taxpayers” money have been spent to rescue the financial system, stated the head of the European Central Bank President Jean-Claude Trichet.

bankers for their part believe that the need to stop looking for blame and focus on concrete steps and their constructive discussion.

If regulators try to completely eliminate the risk of banking crises, the result would be “a very inefficient system, and I think we are moving towards this,” says the head of the Italian Unicredit, Alessandro Profumo.

Leader HSBC Stephen Green said that banks now feel better than a year ago, but lost a huge part of the public trust. He fears, as it controls, tightening requirements for banks, not emptied the water with the child.

“I think that the relationship between governments and banks have changed irreversibly, - told The Wall Street Journal head of the bank Standard Chartered, Peter Sands. - I think the banks themselves have done worse. We did not hear the tone chb99anges.”

Saturday bankers, headed by J. Ackerman met behind closed doors with leaders of the Ministry of Finance, Central Bank”s governing bodies to discuss changes in the financial sector.

Cheap Mortgages
Li Keqiang: Stable RMB exchange rate is a contribution to the global economy
Dollar depreciated - a review of cash markets
Fog over

Davos World Economic Forum in Davos of the many global issues clearly responded to only one …

Speculative recommendation on shares of Norilsk Nickel, Gazprom, Lukoil, Sberca4bank and VTB
Recommendations on the shares of Gazprom, Rosneft, Surgutneftegaz, Transneft, RTS Index futures and oil
Higher global inflation and investment risks continue to limit the possibility of growth of quotations, including index MICEX
Dollar exchange rate to the ruble today on the MICEX was 30.41 rubles
The main negative factors in the oil market are U.S. dollar and the psychological and technical level of $ 80 a barrel

European indexes completed auctions in the affirmative: Britain”s FTSE100 0,83%, German DAX 1,24%.

American Stock Exchange have closed in the negative. On Friday, went out the following data: preliminary GDP in the 4 th quarter grew by 5,7% (to /k), is expected to grow by 4,6%, while the previous value was 2.2%. The index of business activity in January rose to 61.5 points, while analysts predicted 57.4 points, the previous value of - 58.7 points. The index of consumer confidence in January rose to 74.4 points, the forecast was 73 points, and the previous value of - 72.5 points. American sites from the first minutes of trading showed positive dynamics emerged against the background of positive data, but later indexes in negative territory left and finished the day in the red. The result: DowJones -0,52%, SnP500 -0,98%, Nasdaq -1,45%.

Before opening
Asian session demonstrates the dynamics of differently directed: Japanese Nikkei225 -0,39%, Chinese Shanghai Composite 2,13%, the Australian Index All Ordinaries -0,78%. U.S. futures SnP500 0,08%. Quotes of the ruble is now located at around 30,26 (Forex). Oil brand Brent 71,18 (-0,39%). A pair of Euro /USD. traded near 1.39.

Recommendations
expect a mixed opening of the domestic sites. External background can be described as moderately negative. American sites have closed in the negative, the Asian session demonstrates the dynamics of differently directed, quotes, oil continued to decline and are near the mark at $ 71 per barrel. It should be noted that in the late afternoon are expected news from overseas, which will make their adjustments, and we do not exclude to see increased volumes and a more definite trend. Nevertheless, the fundamental prerequisites for such aggressive growth, we do not see why the formation of medium-term portfolio now does not seem appropriate.

Expected data for today : 12:00 index of business activity in the manufacturing sectof1br (Euro Zone), 12:30 index of business activity in the manufacturing sector (United Kingdom), 16:30 personal expenses (U.S.) , 16:30 personal income (dollars), 18:00 construction costs (U.S.), 18:00 index of business activity in the manufacturing sector (U.S.).

log in and see the material;; Your score will be the first!

Analyst Ratings

On the first day of February in Russia”s stock market can go immune to the effects of negative external background
After a morning “gap down likely stabilization of Russia”s stock market
Today the attentiond49of Russian investors will be drawn to statistics by industrial activity in the euro area
In the first ten days of January, “The first cargo company to 5,2% increase in coal transportation from the Krasnoyarsk railway stations
Court of Appeal upheld the FAS Russia and ordered the “daughter” LUKOIL “to pay a fine of 18.391 million rubles
Trading revenue “Seventh Continent” in 2009 rose 12% to 49 billion rubles
European stock markets finished the day in positive territory
Forex: Euro grows up a bit in the Forex against U.S. dollar
Morgan Stanley plans to hire hundreds of traders around the world

Indicators channels informal alliance salesman, puts Hausa-StarLight Sales (ICTV, “New Channel” STB, “First Channel. World Wide Web”, M1, M2 and QTV) and the group “1 1″ (Studio 1 1 “, TET and “Cinema”) is somewhat lower, but also sufficiently high for January. “We appreciate the channels that serve, and are not ready to sell them so cheap, as our colleagues,” - explained the director StarLight Sales Andrew Partyka. According to the Head of Sales Department TRK “Ukraine” Vyacheslav Bulavin, prices for the current year have been maintained at last, and some customers even have deflation when placed in January: “Agencies and clients to achieve lower prices, citing the fact that the crisis has not passed .

But judging by the requests for January and February, to avoid the lack of resources, prices should be raised by at least 30%, says Bulavin. “In February we also expect the occupancy level of 95%. This means that we also underestimated the demand and will be forced to raise prices,” - says Partyka. By his estimates, in general, in 2010 growth budgets of advertisers make up 30-40% in UAH terms.

Nevertheless, salesman, puts counting-houses, that in February there will be new advertisers that would force some customers to switch to more expensive types of advertising. “Most clients of Inter-advertising and TRC” Ukraine “in January, buying advertising on low-priority placement (NDP, provides for 50 percent discount for non-fixed place in the advertising bloke.-Ed .)”,- said Andrew Partyka. According to the Director of Inter-advertising “Oleg Pavlenko, just for the NDP in January sold about 30-40% of the resource. Agency ready for such eventuality. “In January, all of our clients are located only on the NDP. But we understand that in February, the proportion of the NDP will be significantly lower,” - said the director of media agency ZenithOptimedia Denis Storozhuk.

on further price increases will affect the terms of agreements within the alliance. The least regulated Alliance Inter-advertising and TRC “Ukraine”: if an advertiser signs an exclusive deal with the Inter-advertising “,” Ukraine “gives a 15% discount. This “Ukraine” can reduce the price by 5%, even if the budget goes to the main channels of competitors. At the same time, according to sources familiar with the terms of the agreements, the price of “1 1″ on average 20% lower than in the channels StarLight Sales. In this exclusive client StarLight Sales can buy a “1 1″ only 23% rating (audience - men 14-49 years old), otherwise he loses the discount for exclusive, or 30% of the price-list price.

Terminals iBox blocked for a week
Russia”s banking system a year working at a loss
Steelmakers are returned to the modernization of production
The chances of bankruptcy physical persons tend to zero

few months ago, the most risky of Ukrainians were tempting idea to cheaply get rid of the unbearable credits …

Russia market remains one of the few world sites that are in positive territory since the beginning of the year
At the moment the stock and commodity markets look oversold, and quite possible a quick rebound in prices
Another drop in oil prices once agad0cin is the main negative for the shares of Rosneft, Lukoil, Tatneft
Accelerating the reduction of quotations on the market of Russia in the coming days it is very likely
Rising futures on U.S. indexes suggest that Russia”s indexes can go in, plus the opening exchanges of America

For technical analysis of oil prices, major U.S. indexes pair euro-dollar, and now the picture on the chart of gold - all spoke in support of domestic “bears”.

However, the restoration of the market on Friday evening at the many domestic schedules a hand “bulls”. The MICEX index went backto the strategic line of 1410/1405 points, Gazprom shares not only to maintain local support 178,8 /179 rubles (Line “neck” looming in mid-December figure of “head-shoulders), but also encroach on the local resistance of 186 rubles. Shares of Lukoil denser entrenched over support 1600 rubles, and the paper of MMC Norilsk Nickel above the level of 4450 rubles, ordinary paper “Savings Bank” over the mark of 84,9 /85 rubles.

Only securities of Rosneft, which is in the middle of last week, somewhere picked up a negative charge, have actively sought not for the resistance of 237.7 rubles (EMA100 moving average on the daily chart of the issuer), and to support the uptrend from November 2008 in the District 228/225 rubles.

Knowing the specific nature of Russia”s stock market, in this scenario, we do not dare open the “short” positions, provided that the tender will be opened immediately in the morning with a good gepom in 1,5-2% down. And the best will wait for popular papers have mentioned above supports. But if the shares fall into our portfolio, we are very narrowly arrange the “foot” by limiting the maximum loss of 0,5%.

log in and see the material;; 3; user rated material on 4,7.

Analyst Ratings

Russia at the opening of the market is waiting to move dod19wnwards, while the MICEX index will test support around 1400 points
Today, continued decline of commodity stocks, the market can look better “telecom”
In 2009, the company reduced shipments of ChTPZ pipe production by 23% to 1.131 million tons
Sberbank intends to acquire 60% stake in manufacturer”s packaging GOTEK
LUKoil signed a contract to develop West Qurna-2 in Iraq
Net profit of “Gazprom” for 9 months of 2009 under IFRS was reduced by 33% and amounted to 470 874 million rubles
On Friday, the U.S. stock market dominated by pessimism
The U.S. dollar continued to strengthen steadily against the European and “commodity” currencies
Review of the FOREX market for 29.01.10