Stocks
 
Market today. The market was reanimated by the climbing oil prices and unexpectedly good stats on orders for goods of long-term use in the U.S. Sberbank caught up the loss of the two previous days. Gazprom was actively taken. The remaining shares were of less demand.

Market tomorrow. We do not exclude that the mood might change after the output of week data on selling new-built houses in the U.S. Besides, the oil prices began correcting against the background of supplies in the States, which is negative for our export-oriented market.
 

Bonds
                                                           
Market today.  The climbing at the share market, the dynamics of which correlate to the movement of the Russian debt market, has once again made its impact. The buyers returned to the new issues of X5, MTS and LUKOIL. Also the notes of VTB-5, AIZK 10 and Systema-01 climbed up. At the Eurobond market the main event was the statement by the vice-president and member of the board of Sberbank Alexander Morozov on the bank intending to cover ahead of schedule the Eurobond with due date in 2015, which earlier had an option call for February 2010. The reaction was immediate – the issue grew in price by more than 6 p.p., and also price growth related a number of other bank notes. As for the others, the sellers prevailed.

Market tomorrow.  We assume the exchange market dynamics likely confirms the overheating of the market. So, the drop will continue on the shares and bonds. Anyway the end of the quarter is coming soon.
 

No comment
 
The orders of long-term use in the U.S. grew in price unexpectedly in May by 1.8%. (Interfax)
By the provisional data of Rosstat, the inflation from June 1 to 15 formed 0.3%, within a period from the beginning of 2009 – 7.1%. (Interfax)
Gazprom expects reduction of export volumes by 11% in 2009, export sales by 38%. (Interfax)
Total purchases 49% in the subsidiary of NOVATEK for joint development of Termocarstovoe deposit (frost-thaw deposit). Total might participate in the second stage of Shtokman development. (Interfax)
Sberbank now has a new large minority – a natural person, which purchased 1.4% of shares. (Interfax)
Mechel corrected the investment program for 2009-2012, it will invest 2.9 bn USD. (Company)
Net profit of NMTP by IAS in 1Q 2009 reduced by 40%, sales grew by 4.5%. (Company)