Stocks Market today. The week closed at the high notes against the background of climbing oil prices and ruble strengthening versus Euro-dollar. Still activity is focused on the quality first echelon: Gazprom, Sberbank, LUKOIL and Rosneft.
Market tomorrow.On Monday profit fixation is most likely to take place after quite a continuous two-week growth. Among the negative factors were the following: overheating of the market and negative open of trades in U.S. due to weak reports by Microsoft, Amazon.com and American Express.

Bonds

Market today. On Friday the Russian bond market showed light climbing trend. Demand was for the liquid notes of the 1st and 2nd echelons. The information on VTB relating the beginning of interest rates for the strategically important enterprises was a favorable factor. Also confidence came from exchange grounds of the U.S., which closed positively. Totally the day was calm, at the forward market MTS-5, Vimpelcom-3 and Gazprom Neft-3 were purchased. At the Eurobond market no changes took place; the prices remained at Thursday levels. Demand for Gazprom become lower than yesterday. Sovereign loan Russia-30 continues climbing.
Market tomorrow. Monday placement of three issues of RZD of 17, 18 and 19 series for the sum total amount of 40 bn RUR will be conducted.

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Business trust index in Germany grew in July for the 4th month in a row. (Interfax)
GDP drop of the UK in 2Q 2009 was all-time high in annual terms since 1955. (Interfax)
Capital investments of Gazprom for 2010 is planned to be in the volume of 645 bn RUR. (Interfax)
Ministry of energy prepared a project on power market and offers to limit the power price for the new heat generation at the level of 500-600 thousand RUR per MWatt per month. (Interfax)
CTZ reduced output of Zink by 33% in 1H 2009. (Interfax)
BKK signed a contract with India on supplying 675 thousand tons of Potassium Chloride via 460 USD per ton. (Interfax)
Results of Microsoft, Amazon, American Express for the quarter turned out to be lower than expected. (Interfax)

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