The Russian market yesterday opened a moderate decline, the index of the MICEX in the first few minutes of trades fell slightly below 1 000 items, up to levels of mid-Thursday. Pressure on the quotes were oil prices, planned to fall in the whole session. However, a much greater interest of market participants were the outcome of the ECB meeting and an evening statistics on American labor market, in anticipation of that day of activity on the stock market has declined substantially. The results of the meeting the ECB have been quite predictable, but the statistics turned out to be worse than the expectations of its most important component - the number of jobs. As a result, after the 16:30 AM EDT sentiment on global stock markets have been severely negative. The fall in the Russian market is also accelerated, the MICEX index -3,5%, to 977.09 points, RTS index -1.79%, to close at 960.46 points mark.

Against the backdrop of sustained decline in oil prices of oil and gas stocks lead the market again, this time downward, sectoral index MICEX OG -4,14%. The greatest losses during the day carried the favorites the last session, Gazprom (-4.99%) and Novatek (-5.07%), and advance the cause of the dynamics, in our view, have no data on the fall in gas production in Russia for six months at 21 % (including from Gazprom at 25.4%), but rather the technical fixation after strong growth in the previous day. However, in the evening to have outsiders come prefy Surgutneftegas (-5.2%) and Transneft (-5.55%).

The electricity sector has fallen during the day rather moderately, but significantly accelerated the fall of the evening, the loss of liquidity of shares in the sector have been average (RusGidro -3.52% -3.65% FGC UES), the outsiders - the less liquid securities generating company TGK-1 -5.81%, OGK-3 -7.33%. Index MICEX PWR -3,44%.

Grave losses incurred and the telecommunicationssector, the reduction of quotations MRK shares was up to 7%, the index of MICEX TLC -3,19%.

In the banking sector, sales were observed in the shares of Sberbank, obychka -4.06% -4.27% prefy, looked slightly better VTB, -3.25%. MICEX FNL -2,38%.

Industry index metallurgical sector, MICEX MM (0,09%) only one of the sectoral indicators MICEX shut down in an empty symbolic, but the black, thanks to good growth of quotations NLMK (5.11%), Mechel (3.26%) and Raspadskiy (2.74%).

Expectations for today: Today we are deprived of one of the major landmarks of recent days - the dynamics of trades in the United States, where markets are closed in anticipation of the Independence Day. However, yesterday, their motion, in our view, it is sufficient to set a negative mood today's trading. Unless there is improvement of conditions in commodity markets, which would give domestic bulls foothold the trend during the day will be a gradual slide in the indices of the lower limit of the range of recent trading days.

Asian shares desheveyut on the news about the labor market in the United States and arrived Seven I
Lack of trades in the United States allows to hope that the markets will not greatly diminish
It is unlikely that in the absence of U.S. investors, the markets will make any serious movement
Today, investors will be expected to yield data on retail sales in the euro
At the world's trading floors is negative background, which is not conducive to the growth of the Russian stock market
It is possible that a pause in the Russian market can take all the following week
7 Jul, 2009 Bank of Russia will select applications for the placement of temporary free money of the federal budget of Russia in the accounts of commercial banks
Over the past week planned power in Russia has decreased by 6% compared to the same period of 2008
Generation of the company TGK-1 in January-May 2009 reached 12 490 million kWh of electricity