MACROECONOMICS.

According to the Prime TASS Russia and the USA agreed on all basic terms of connection of the Russian Federation to WTO. The Russian and American delegations now carried out internal consultations to provide signing a bilateral agreement on access to the markets in the second half of November.

Now Russia should solve some questions on connection to WTO with Costa Rica, Moldova and Georgia. But, the most important consent of "the basic opponent" was at last received. Meanwhile, till last moment many were convinced that it would not happen.

In opinion of the majority of observers the reason, which "broke" the American President, became a failure of Republicans on elections in both chambers of parliament. If with the old Congress he could agree, with the new one he should begin all over again.

The Central Bank of the Russian Federation believes that the population of Russia has almost three times less cash dollars than the American bankers estimate. (according to materials of RIA NOVOSTI)

"I think it is a question of about $30 billion", - the first vice-president of the Central Bank of the Russian Federation Alexey Uljukaev told on the meeting of bank committee of the State Duma.

Uljukaev disagreed with an estimation of Federal Reserve System of the USA according to which the Russians have 80 billion cash dollars.

The representative of the Central Bank also disagreed with FRS opinion that the quantity of cash dollars increases in Russia.

According to Uljukaev the Bank of Russia observes in current year process of dollar drop in economy. And, it happens not due to replacement of dollars by euro but due to dollar transfer in rouble assets. In Uljukaev’s opinion introduction in a turnover of a five-thousand rouble banknote will promote dollar decrease in economy.

MARKET’S GENERAL ESTIMATION.

On Monday the Russian stock market was constrained from falling by abundance of positive corporate news and rumors, however, drop in oil prices did not allow indexes to grow. As a result, MICEX index dipped 0,22 % on results of trading day and made 1500,3 points. RTS index was adjusted by 0,09 % and closed at a level 1705 points. Shares of oil-and-gas sector on MICEX were closed varied: Tatneft (+0,09 %), LUKOIL (-0,40 %), Gazprom (-0,35 %), Gazpromneft (-0,53 %), Surgutneftegaz (+0,91 %). Rosneft shares continued rise during first half of trading day on talks about possible purchase of Surgutneftegaz, and also continuing to react on positive news about cooperation with China and probable inclusion in MSCI index.

However, on results of session Rosneft fell 0,68 % concerning quotations of Friday.

Shares of Norilsk Nickel decreased 2,96 % on results of day on MICEX, owing to falling of prices for copper in London up to minimal level for 4 months.

Remained "blue chips" were closed varied: Rostelecom (+0,44 %), EESR (+0,05 %), MosEnergo (-0,74 %), Sberbank (+0,28 %), Severstal (-0,78 %). Among papers of "the second echelon" it is necessary to note growth of Baltika quotations by 4,96 % on MICEX, being consequence of the publication of positive results of the company for 9 months of 2006. The volume of the tenders on MICEX decreased and made $2917,39 million. In classical section of RTS it made $51,17 million.

Today the market was corrected a little on a background of drop in world oil prices.

GAZPROM.

Shares of the joint-stock company held their positions above 11,0, despite the general correction of the market. While we remain outside the market.

RTS