Despite the decline in banks in Europe, Sberbank and VTB are still in positive zone

World markets show differently directed dynamics, activity and volatility declined sharply. Stock sites in Asia rose after the news from South Korea, where GDP in III quarter has grown by a record since 2002, 2.9%, GDP growth has been observed for the third consecutive quarter. U.S. markets on Friday lost about 1%, but in the morning futures are in positive zone. The dollar remains on the annual minimum, since there were reports that China may increase the share of the euro and the yen in reserves. European markets traded with minor modifications. Pan-European FTSE Eurotop 100 index +0.08%, Britain's FTSE 100 +0.12%, the German Xetra Dax +0.32%, French Lyxor Cac 40 +0.19%. An outsider shares of the banking sector. The financial group ING plans to raise $ 7.5 billion by dopemisii and split the group in order to sell insurance unit. ING shares crashed by almost 10%, Lloyds -4.3%, Royal Bank of Scotland -3.2%, Barclays -1.5%. Oil rose in the morning to 1.5%, since the dollar remains very weak. Spot Brent $ 78.08, WTI $ 80.05. Russia market opened a slight decrease, which is not continued. Market is back in the neutral zone, where it continues to consolidate. At 15:20 MICEX index decreased by 0.14%, RTS index increased by 0.11%. Trading volumes continued to decline, up 27 billion rubles. Adjusted shares of fertilizer producers, which on Friday added more than 5%. Akron -4.8%, UralKali -2%. Oil and Gas sector in the red, better than the market looks Gazprom +0.6%. Gazpromneft -1.7%, -1.1% Lukoil, Rosneft -0.8%. Despite the decline in banks in Europe, Sberbank and VTB% +0.3% +0.6 remain in the positive zone. Dramatically stepped up purchases in the electricity sector. Today energy Minister Sergei Shmatko was made at a meeting of the International energy Minister Sergei Moscow with a report on energy Minister Sergei to 2030 WGC-2 +6.5%, OGK-3 +4.5%, OGK-6 +3%. Statistics and reporting today is not a lot, so look for external markets. At 15:30 will index of business activity of the Federal Reserve Bank of Chicago. During the week of many important statistics, ending the period of quarterly reports, so you can expect some movement and exit from the current side views. Guess direction is practically impossible, since the ideas do not. Fundamentally, there is potential for correction, but the market keeps at high levels of dollar weakness and a large amount of liquidity. Once the flow of money into our market will stop, we go down, but so far there is no reason for this. The market remains in a trading range of 1320-1400 points, the upper limit of which has not yet resigned.