The exchange markets of New World were closed today due to national holidays Labor Day in the USA and Canada.

Today the main motive power of the market was news of the Old World. The European stock markets closed in small plus after statements of Heads of two largest banks of Europe Barclays and Deutsche Bank, who assured investors that the losses connected with crisis in mortgage sphere of the USA, will not affect strongly the European markets.

On foreign exchange market the status quo between dollar and the basic quoted currencies are kept. This weeks it is expected meetings of Governing Councils of two central European banks - Bank of England and ECB

According to analysts’ forecasts the rate of these two banks will remain without changes. As for the rate of Federal Reserve System opinion of the market is rather ambiguous, after statements of President Bush and FRS Had Ben Bernanke. If the majority of market analysts thought that as the situation in the market of the real estate is far from way out from crisis the Federal Reserve will have to reduce rates, now the prospect of drop in the rate seems rather doubtful, especially on a background of the overestimated inflationary background.

Thus, the differential of ECB and FRS rates remains most likely constant, and it means that, at least, up to the end of the third quarter the euro/dollar quotation will hardly leave habitual currency corridor.

While we remain outside the market.