As a result of trading the MICEX index lost 2.19%, ending the day at 1,384.79 points

We are waiting for the Fed comments and data on U.S. gross domestic product

Today, trading on the Russian sites have opened lower quotations on the negative external background, resulting in the first hour of trading the MICEX index dropped below 1,390 points. In the future, continued to decline against the backdrop of negative data on the GDP of Great Britain. Started in the middle of the day allowed the restoration of the market by the end of bidding to win back part of the decline. In the fall of the leaders Rosneft and Norilsk Nickel, have lost 5,2% and 2,8% respectively. Better the market looked InterRAO (3%) and Mosenergo (0.6%). As a result of trading the MICEX index lost 2.19%, ending the day at 1,384.79 points.

Through sequencing the Central Bank of China, in the morning “Bears” once again took over the initiative and were able to continue its downward movement. Additional negative, followed by data on the GDP of Great Britain, allowed them to push the level of 1,390 points and continue to decline. Since the middle of the day the market began to draw a correctional movement, which also contributed data for the index of consumer confidence in the U.S., resulting in a level of 1,390 points was tested from the bottom, but the “bulls” can not penetrate it and gain a foothold above. The rest of the week markets will hold against the backdrop of the important news from the U.S.. Tomorrow, after our closing, will the Fed”s decision on rates and its accompanying comments, where players will be waiting for instructions tof29maintain a soft monetary policy, and on Thursday will come the preliminary data on U.S. GDP for the fourth quarter, which, if numbers are close to forecasts, will support the market and can give impetus to the reversal of the market and attempts to start the upward movement.

Course currency basket to the ruble on Tuesday rose by 0.52% to 35.913 rubles
MICEX index compared with the value at closing of the previous trading day decreased by 1.998%
Reducing Russia”s stock market will soon end
Downward trends in the market may be continued in the near future
In 2009 inflation in Russia is 6 times higher than the growth in consumer prices in Europe
In 2010, FGC UES will begin construction of seven facilities in the Far East
NBU notes the failure of several banks” plans to increase capital in 2009
If tomorrow the statistics from the U.S. will be positive, Russia”s stock exchanges will continue to move upwards
Until the end of this week the market of Russia will consolidate in the region of 1 400 points mark for the MICEX