• The surprise to market participants was the statement of the bank Wells Fargo has headquarters in San Francisco, the expected profit for the 1 st quarter. at $ 3 billion, which significantly exceeded analysts' expectations. Shares of Wells Fargo shot at 31.7%, and stretched the index sector Kbw Bank Index at 20.11%. News has given hope that the situation in the banking sector has begun to stabilize.
• On a note that such extraordinary finrezultaty in the banking sector, were made possible by a change in accounting standards, namely the avoidance of the rules of "mark-to-market", which makes it possible to evaluate the securities at the balance sheet of the bank is not on the market, and the "predictive value" (!?)
• However, not all is well in the overseas kingdom. Published statistics showed a sharp drop in retail sales in March at 1.8%, against a background of expectations Decrease 0.9%, and against the growth of sales in February at 0.3%.
• Moody's has lowered credit ratings belonging Uorenu Buffett (Warren Buffett) of Berkshire Hathaway, in a loss of the company in 2008.
• It is an important positive was the reduction of trade deficit, as I mentioned in yesterday's afternoon report.
Europe:
• (Euronews) The German Government announced that it would buy up shares of the Bank "Hypo Real Estate" at a price of 1.39 euro per share. Under the rules introduced in this month, the government has the right to expropriate the shares of distress companies, paying the owners of the established minimum. Analysts welcomed the initiative of Berlin. Last time in the history of Germany resorted to expropriation During the Nazi regime.
Developing markets:
• Developing markets, and so yesterday, showed remarkable results, but if you focus on yesterday's off shares ETF Fund TEMPLETON RUSSIA (+16,5%) is the growth potential of the local market is still 8-10% percent.
Asian markets:
• The Japanese Government provided the economic strategy of the country until 2020. The Prime Minister of Japan Taro Aso announced: "The bold and courageous actions of the government and the private sector should enable us to increase GDP to 120 trillion yen and create four million jobs. After three years we hope to create a demand in the amount of forty-six trillion yen and create from a half to two million vacancies. One of the priorities of the Japanese national strategy - health and health: An increase in the number of staff in this field, to build new hospitals and nursing homes to help the aging population. Japan will double the use of alternative energy sources, increasing their share in energy consumption by 20 percent. Environmentally safe to be 50 percent of cars offered for sale through the decade - buyers must have an incentive to purchase machinery, working on electricity. In addition, the Japanese authorities expect to double the volume of tourism in the Land of the Rising Sun. Map of economic incentives is estimated at 154 billion U.S. dollars.
The values of the indices at the time of the review:
ADR:
Oil:
• Oil is growing against the backdrop of weakening dollar, as well as on the deficit associated with declining production.
FOREX and the foreign exchange market:
• The foreign exchange market, without significant changes.
Liquidity:
• balances on correspondent accounts of commercial banks without major changes.
• The stakes are nothing less than overnight MBC.
News:
• News background on today rated as neutral.
Economic calendar:
• All developed financial world went to the Easter holidays until Tuesday.
Market:
• The market has begun a process similar to a chain reaction. Increased growth, attracting more and more new investors to the market.
Technically:
• Market Breaks the level of resistance of 850 points on the MICEX index.
• New objective, and resistance level: 950 points.
• Levels of support 850, 725, 650 points.
Expectation:
• Usually, on weekends, the market is growing. A date can be described as output, because Europe and America have a rest.
Recommendations:
• Deytreyderam: Strategies of purchases, with the aim of 950 points on the MICEX index.
• Medium-Term: Hold the position papers in the first tier, with a view to the MICEX index for 1200-1400.
• The investment purposes: Retain previously formed portfolios. Build positions in securities of commodity companies, in generation.
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