Prior to opening the bidding on the NYSE futures on U.S. stock indexes moved in the negative area

Prior to opening the bidding on the NYSE futures on U.S. stock indexes moved in the negative region in anticipation of the start of the quarterly reporting season.

Traditionally, the first financial statements will present the aluminum producer Alcoa. As expected, after the regular trading session, the company will report on the damages on the basis of I quarter of $ 0.50 - U.S. $ 0.57 per share.

Additional pressure on the U.S. stock indices had a negative external background. By 17:00 Moscow time the British FTSE 100 index falling by 1.6%, a pan-European index Dow Jones Stoxx 600 losing around 1.4% against the backdrop of the fall of the shares of banking and commodity sectors.

On Tuesday, the Bank of Japan decided to maintain interest rates at 0.1%, stating the intention to expand the list of papers that it takes to secure loans. In particular, the Central Bank of Japan is ready to accept municipal debt financing to replace commercial banks to enhance lending activity in the domestic market.

In turn, the Bank of Australia took the unexpected decision to lower interest rates by 25 bp to 3%. Many analysts predicted persistence rates unchanged, given the previous statements of regulators of a stable situation in the economy of Australia.

The World Bank on Tuesday reported on the expected economic recovery in China this year that will have a positive impact on the entire Asian region. According to the World Bank, «China by restoring volume incentive program adopted by the Government is likely to begin this year and will expand in 2010, that would make a potential contribution to stabilizing the economy of the region». The World Bank expects China's GDP growth in 2009 to 6.5% (against 9% last year), despite a decline in exports to western countries.

According to the British newspaper Times, the International Monetary Fund may announce an increase in total toxic assets to 4 trillion U.S. monthly review of the IMF will be published in two weeks.

Before the new chairman of the bank Citigroup, Richard Parsons said that financial institutions have become a prime target in the stream of allegations about the creation of a financial crisis in the country, but not only they are responsible for the crisis. «Everyone involved in the inflation of the bladder. Now that the bubble sdulsya », - said Parsons. «In fact, everyone has a part of the blame. But it is characteristic of our culture - look for the monster, and to pour his mud ».

According to Parsons, in addition to the activities of banks, the cause of the crisis easing of regulatory control, the promotion of loan insolvent borrowers, as well as carelessness of borrowers that have a mortgage loan, which they could not afford. During the session, shares of Citigroup predtorgovoy desheveyut at 4.4%.

Shares of commodities were under pressure against a background of declining prices for oil and metals. Mining company Rio Tinto Group announced its intention to cut 700 jobs at mines in Australia in connection with the weakening demand for copper and aluminum.

By 17:00 Moscow time on May futures mark WTI crude oil reached 50.23 dollars per barrel. 51.05 against the U.S. prior to the closure of Nymex. In European electronic trading the contract dipped in oil was moving in the price range of 49.92 - 51.82 USD

At 23:00 Moscow time data will be published on the volume of consumer lending in the United States in February. Analysts forecast a decline to 1.3 billion dollars after growth at 1.8 billion in January.