Financial News and Economical Crisis

Russia stock market continues to be responsive to the changing situation on the market of “black gold”. Today quotes Brent renewed at least the last 4 weeks, down compared with yesterday”s closing prices of more than 1%. Following the oil futures down and proceeded to rally Russian core “chips”. Reduced prices of securities Lukoil, Gazprom, Rosneft and Surgutneftegaz is from 0.5% to 1.5%. More responsive to price changes in raw material stocks Tatneft and Gazpromneft lose about 2%. In the positive zone of the blue chips held only shares of Sberbank (0.4%). Equally confidently holding and VTB, for whom to 7.5 cents, apparently, is the level of support. Strong momentum for shares in banks in today”s trading, we tend to think of playing a proactive before expected at 16.00 Moscow time, the publication of quarterly reporting Citigroup. At the same time, we would not recommend is to bet on today”s transoceanic reporting - better to wait for all expected tonight digits, and only then decide to build Longo in the banking sector. We are still, look at our market from a position of “bulls”, recommending that the observed drawdown in oil names to increase purchases.

important events that took place today in the morning, we will identify weak data on an index of economic sentiment in Germany from the ZEW (47.2 points in January, which was 4 months of decline of this indicator), as well as further enhancing the People”s Bank of China bid on annual bills by 8 bp Thus, the PRC government continues to demonstrate its desire to curb excessive credit activity of banks. Simultaneously, willy-nilly, growing investor interest focused on the Chinese statistics on economic growth and inflation, which will be published on Thursday morning.

By the end of the day in addition to reporting Citigroup (16.00, Moscow time, the forecast EPS - $ 0.3) would be interesting for the market data on net flows of capital in the U.S. (17.00 Moscow time), but its significance to the financial results of the largest U.S. financial institution, they nevertheless argue not.

In 2009, TMK has reduced shipments of pipe production by 13% to 2.792 million tons
Gradual awakening
Overview of the oil market for 18.01.10
Hugo Chavez nationalize supermarkets
Fitch: Economic recovery a positive impact on structured finance in Europe
BP refused to include in the agenda a bill on amending the law on presidential elections
Gas cheaper
Coefficient of the disease

2009 budget was expected unfulfilled. Nevertheless, in 2010, the fiscal pressures on the economy will continue to rise …

In the stock market positive tendencies

Last week was the first full trading week …