Today the Russian market went into racing. Unanimity among the bidders is not observed even for a minute. Although the indices closed in green zone, so MICEX 10 index rose by nearly 1.2%, more than half of the blue chips have not been able to gain points under vyshey yesterday's closing levels, while all the chances for that were.

So what now withdrawn indexes plus? The representative of the banking sector, VTB! Unloved by many participants celebrated the people's IPO, selling almost all of the time of its existence, the market worse than the market shares of the financial giant now decided to take revenge. Shutka whether quotes VTB jumped 9.8% today against the backdrop of the market traded virtually in zeros!

patted nerves to holders of its shares and Rosneft: quotes within minutes fell by almost eight per cent, after which both returned to the same levels. The graph with a new piece of technical analysis as the prop. It seems such a strong straits is bad tradition: a couple of weeks, Surgutneftegaz, Rosneft today what the next paper? The most offensive, that is the case with securities, which are among the most liquid. What happens to shares that are not in the top ten by turnover, and, say, in the second, or scary to think about the third?

Western trading platform today, cool down after the emotions of yesterday, recall, oil went up yesterday at the five per cent, the Dow Jones also steadily closed in the green zone.

RTS earlier this week tried to check the strength of all Level 1 000 points. Then, in the groove panic selling over two days revert to 970, and again climbed above a thousand, after a week at level 1017.47.

worth noting that the market had virtually no reaction to the Chinese index falling more than eight protsetov. This shows the strength of the domestic market. However, this is good entry for the continued upward trend. It wants to believe that August will be coming on the market under the banner of the bull.

Read the rest of this entry »

The index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) has fallen to 2.56 points (-0.05%), and is at the level of 5358.10. The index of London Stock Exchange Futsi 100 (FTSE 100) rose by 3.16 points (0.07%) and is at the level of 4634.77. The index of the Paris Stock Exchange BuyThisBook 40 (CAC 40) rose by 2.55 points (0.07%) and is at the level of 3438.04. September futures on the index S & P 500 (SP 500) at Globekse (Globex) rose by 4.1 point at 986.3. Opening of the American stock index today is expected to top.

rate euro /yen has grown in the European session, more than 100 points and reached 135.43. Pound /yen has risen by 120 points to 158.53. Dealers noted that investor interest in risky instruments is high, this fact puts pressure on the dollar and yen. Pound /dollar stabilized around 1.6550 marks. ExchangeEuro /dollar rose to 1.4151 marks.

At the moment, investors focused on the publication of the index of GDP United States for the second quarter. Read the rest of this entry »

Alpha gives good

Morning background for the Russian market morning looked fairly positive. U.S. court on Thursday shut down the growth of confidence. In particular, DowJ added 0,92%, a broad market index SP 500 rose 1.19%, and high-NQ Composite gained 0.84%. In addition to overseas sites positive added Asia, where the indices gaining from 1.5% to 2.4%. Of the significant global events of today are expected statistics on U.S. GDP for the second quarter, the consensus-forecast: -1.5%. Out of the statistics may seriously change the dynamics in all the world's stages, at least until the end of trading session.

In addition to the world's stock of positive sites added product markets, which also rose today, a broad front. More on the other drew their attention to the growth of nickel and copper, are added to 3.4% and 1.8% respectively. This fact is predetermined and the dynamics of Norilsk Nickel, which even before the opening of many analysts put the market in the favorites, at 16.00 GMKN gained 1.5%. The only thing that marred the opening of today, it quotes the oil. For example, Brent adjusted to 0.5%, which in turn has some pressure on the market. In general, the Russian market today, not in a hurry otygryvat external positive and open the gepom up, adjust, and only in the second half of the day came in the positive zone.

Of the notable events of this week is worth noting the agreement Alfa Bank to restructure the debt of the GAS. Consent of Alfa-Bank to restructure the debt of the GAS removes the threat of bankruptcy of the company, as well as the consent of the other creditors have already been received. The total debt of the company - some 40 billion - plans to restructure under the following conditions: interest rates are beginning to be paid in six months, but the amount of principal debt - in two years. The interest rate will be 17% per annum in 2009 and in 2010 the rate determined by the formula refinancing rate, the CBR set, plus 4%. The estimated fair value of 1 ordinary shares in OAO GAZ is $ 21.9, and 1 preferred share - $ 10.9. We believe that this news could be a driver of growth of quotations of the company's shares over the medium term.

Read the rest of this entry »

Over the past week planned power compared to the previous week declined by 0.9%, as compared to the same period last year dropped by 8.8%, said NP The Market.

In 53 of the 64 subjects of the federation, united in the price zone of the wholesale market, said a planned reduction in power consumption compared to the same period last year.

The total volume of a planned power in the market for a day in advance for the past week amounted to 14.42 million megawatt hours • In the European part of Russia and the Urals routine power was 11.38 million MW • h, which is 1% less than last week, and 9.4% less than during the same period last year. In Siberia, the planned power consumption was 3.04 million MW • h, falling to 0.3% as compared to last week, and 6.8% against the same period last year.

In the European part of Russia and the Urals over the past week, the changes in the structure of the generation of electricity by type of power were insignificant. In comparison with the same period last year, an increase in the share of nuclear power plants and hydro power plants develop in the decrease of TPP to develop 5,8%.

In Siberia for the past week there has been a significant increase in the percentage of making a planned hydroelectric power stations, as compared to the same period last year, making the proportion of hydroelectric power stations rose by 17.5%.

In the European part of Russia and the Urals in the TPP had 63.72% of, the HPP and NPP - 10.95% and 25.33% respectively. In Siberia, making the structure as follows: TPP - 31,92%, GES - 68.08%.

In 48 of the 64 regions monitored, compared to the previous week, a decline of indices of equilibrium prices for electricity. The growth of the equilibrium price indices recorded in the Novgorod and Kemerovo regions, as well as in parts of the ECO and ECO southern Urals. Read the rest of this entry »

Morning reverse recovery

Ayer good reporting MasterCard and Visa, as well as the absence of major negative news from the American labor market has helped to raise the head of the leading U.S. indices, and close to good growth: Dow Jones grew at 0,92%, SP 500 gained 1.19%, Nasdaq grew at 0.84%. In the Asia-Pacific region is also dominated by optimistic mood: CSI200 3,45%. Hang Seng 1,55%, KOSPI 1,47%, NIKKEI 1,89%.

course at a foreign background of the opening of the Russian sites have passed since gepom up, and this positive supply dried up. Then went down all of the representatives of stock market. To date, the morning and jump completely reverse the decline continues: VTB Bank (-0.52%), Sberbank (-1.74%), Gazprom (-1.88%), Rosneft (-2,04 %), LUKOIL (-2.81%). Green black supports RTS index showing 0.70% growth - affects the strengthening U.S. dollar, recall that the index is calculated on the basis of quotations of dollar-denominated shares. At the emergency section of the RTS Futures on the RTS index has continued to bargain in bekvordatsii at paragraph 17, which shows the negative expectations of bidders.

Today is a block of macroeconomic data on the United States, and the important role played by the GDP data for the second quarter. If the data significantly exceed forecasts of experts, the likelihood of spread to large areas and the closure, we may be at zero or in the black light. However, note that the observed mass decrease is not surprising and was corrected after prolonged growth of the previous day. Therefore, in order to change the wrath of investors at the mercy makrostatistika should be significantly better than it expected. I think next week will continue due to downward movement of superheated market.

Read the rest of this entry »

IC FINAM increased 12-month target price of preferred shares of OJSC URSA Bank with $ 0.44 to $ 0.46. In connection with the growth of quotations has changed and the recommendation for these securities - with a buy to Hold. According to analysts, despite the lack of bank accounts in the first quarter, the holders of its preferred stock was still able to rely on a steady stream of Dividend.

28 July URSA Bank published a negative reporting under IFRS, on the basis of I quarter 2009. The results reflected the bank's overall decline in the solvency of borrowers, increased aggressive policies in the segment of retail lending in recent years. According to published accounts, interest income URSA Bank fell by 3% and amounted to 6.5 billion, while interest expense increased by 31% to 3,9 billion rubles. As a result, net interest income before the establishment of reserves decreased by 31% relative to the first quarter of 2008, which negatively affect the bank's ability to build reserves to cover bad debts - mentioned in an analytical note on FINAM.

According to the results of I quarter commission revenue URSA Bank fell by 30% to 394 million rubles, with an increase in commission expenses by 10% to 113 million rubles. As analysts estimated the investment company, the negative dynamics of the commission income led to a decline in the ratio of fee income to the cost to 3.5 with an average for the public banks - more than 10.

net profit URSA Bank for the I quarter of 2009 amounted to only 156 million rubles. For the third type of preferred stock annual dividend payments of about $ 23 million, which at current rates is equivalent to 705 million rubles, say analysts FINAM: Thus, if the net profit would remain within a year at the 1 st quarter it is not enough even for the payment of preferred stock. Read the rest of this entry »

rating agency Credit Rating (Kiev) has assigned long-term credit rating on a scale of Belarus Belarus at byAA.

says the agency report, a copy of which Ukrainian News.

National byAA credit rating reflects very high creditworthiness of the Government of Belarus in the domestic market compared to other Belarusian borrowers.

Prognoz rating - Stable.

stable outlook indicates a lack of current conditions for changing the rating for the year.

level of credit rating is supported by: the rate of growth of revenue in Belarus in 2006-2008 (25-35%), which provided growth for all sources of revenue, in compliance with the period of the national budget with a surplus, positive dynamics of economic development for during 2004-2008 years, as evidenced by the improvement of basic macroeconomic indicators (annual growth in gross domestic product in that period was 8,6-11,4% in comparable prices).

Supports

rating and a high level of participation by the central government in all spheres of economic activity in Belarus, aimed at supporting the economy, as well as high social guarantees to the country's population.

In addition, the rating is supported by the concentration in the hands of the president of major powers, which allows for significant structural reform of government and helps to ensure rapid decision-making in crisis situations. Read the rest of this entry »

World stock markets

The number of primary applications of American citizens for unemployment benefits rose last week to 584 thousand, the week before the number of applications was 554 thousand number of citizens who continue to receive cash benefits in the week ended July 19, by contrast, dropped to 6197 Thousands of people from 6225 thousand the previous week. Market participants expect the growth rate up to 6300 thousand

U.S. GDP in the second quarter of 2009 decreased by 1.5% - predicted the experts interviewed by Bloomberg agency after the fall of makroindikatora in the first quarter to 5.5%. The index of PCE Core, reflecting the inflationary processes in the economy, according to market expectations for the second quarter grew at 2.3%. Both indicators will be published by the U.S. Department of Commerce this evening.

Major stock indicators finished the U.S. trading session on Thursday the rise. Dow Jones Industrial Average gained 0.92% - to 9154.46 point, Standard Poor's 500 increased by 1.19% - up to 986.75 point, Nasdaq Composite rose 0.84% - up to 1984.3 points.

Stock sites in Europe have grown on the basis of past trades, on average, at 1.7% -2.5%.

The index of consumer confidence in the UK, calculated research organization GfK NOP, the second month in succession remains at minus 25 points - a maximum of April 2008. At the same time, British experts had expected in July, increasing the rate of up to minus 23 points.

morning on Friday in green trading markets in the Asia-Pacific region and futures in America.

Metals Market

a two-day correction is quite enough for traders LME, to rest on the two-week increase in the prices of metals and with the new forces to join the struggle to achieve their regular local maxima.

Blago yesterday that contributed to declining dollar and the strong belief of investors in a positive GDP today, leaving the U.S. for the second quarter of 2009. The expectation that it will be one of the most important evidence of the improvement of the U.S. economy, pushing prices sharply upward.

Yesterday, the rising cost of nickel has reached 5.7%, aluminum and zinc added to 4.7% and 4.1%, copper, lead and tin went up by 3.5%, 3.4% and 2.1% respectively. Now climb on the London Metal Exchange continues. In doing so, investors completely ignored the sharp rise in stocks of several metals (lead, zinc). It is hoped that the statistics of the evening comes fully lived up to expectations, signaled the continuation of growth.

oil market

to influence optimism prevailing in the global stock sites to bid on Thursday, as well as in anticipation of the release of important macroeconomic data for the U.S. economy, investors have rushed to the commodity market yesterday to buy the eve podeshevevshuyu oil. As a result, quotes neftefyuchersov jumped yesterday to the maximum in the last few months.

The contracts mark Brent went up by 5.4%, reaching a value of $ 70.11 per barrel, the market value of class WTI increased by 5.7%, settled at around 66.94 dollars per barrel.

Friday morning excitement surrounding contracts for black gold is not ceased, quotes continue to grow, adding approximately 0.6%.

Russian Market

At one time, investors have allowed the Russian stock indexes fall below the psychologically important mark - yesterday buying resumed and the level of 1000 points was again overcome. By the morning of Friday, ambient background is quite favorable, so it can be assumed that won the day before the position would be retained. However, internal statistics, primarily on the Russian banking sector may disappoint investors: according to the CBR, the level of arrears on the basis of June rose to 4.2% versus 3.9% in late May.

Statistical Office of the European Union publish preliminary data on changes in consumer prices in July and the June figures on unemployment at 13:00. Ministry of Commerce will publish preliminary figures of GDP and other makroindikatory for the second quarter at 16:30.

The financial statements for the past quarter is expected to publish All Nippon Airways, Anglo American Plc, Anglogold Ashanti Limited, Assicurazioni Generali SpA, British Airways, Chevron, Mitsubishi UFJ Financial Group, Total.

Read the rest of this entry »

Yesterday, a pair of Euro /dollar to the U.S. session stabilized below 1.4080.

pound /dollar rose and set above the level of 1.6500. The pair dollar /yen rose to 95.87 marks. Exchange Euro /yen rose to a session of the United States 134.88. Capacity-carry trade positions of the strongest impact on the cross-rate of the pound /yen, which rose yesterday by 280 points up to 158.00.

.

The experts noted that the optimistic investors have added the resultsof the auction for the placement of seven United States government bonds, which showed a high demand for paper. At the same time, pressure on the euro has had a statement of the International Monetary Fund that the ECB is recommended for some time to keep interest rates low. It was also suggested that the euro may be slightly overvalued.

Yesterday Dow Jones index of the New York Stock Exchange rose 83.74 points (0.92%). Nasdaq index rose 16.54 points (0.84%). SP 500 index rose 11.60 points (1.19%).

Yesterday index Frankfurt stock exchange Xetra DAX rose 23.84 points (0.45%). The index of London Stock Exchange FTSE 100 rose 51.41 points (1.13%). The index of the Paris stock exchange CAC 40 rose 35.30 points (1.05%).

Yesterday, the price of WTI crude oil in New York rose to a closing auction at 3.57 dollar to 66.93 dollars per barrel. Recall that yesterday, the price fell by 3.88 dollars.

Jobless claims in the United States during the week to 25.07 at 584K (the forecast was 590K, the previous value revised to 559K from 554K). The indicator has a better prognosis and support the stock market and the euro.

Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. This index Nikkei 225 rose 186.47 points (1.83%). Index of the Hong Kong Hang Seng Stock Exchange rose 358.64 points (1.77%). Singapore Straits Times index rising to 11.39 points (0.43%). Read the rest of this entry »

European stock indexes rose on Thursday on 1,7-2,1%, the recovery has lasted for a second session in succession thanks to a strong corporate reporting, reports Bloomberg.

At the same time Dow Jones Stoxx 600 rose 2.2% - up to item 225.25, the highest level since 5 November last year. This indicator is from July 10 jumped by 14%.

Published quarterly reports of companies in better forecasts, disappointing, very little data - notes manager Storebrand ASA in Oslo Espen Ferns. - Projections of companies have become more solid and not as bad as expected, that is a sign of some stabilization of the situation. Economy probably already reached its bottom, but her recovery will take some time.

financial figures for more than half of European companies, published reports over the past quarter, exceeded forecasts. Profits of companies Stoxx 600 index declined on average in April-June by 37%.

Cost flew shares of BT Group on Thursday at 13%. Net income in the UK's largest operator of fixed-line fell in the first fiscal quarter to 214 million pounds ($ 335 million), compared with 381 million pounds a year earlier. Revenue increased by 1,1% - to 5.24 billion pounds.

Both are exceeded forecasts of experts, averaging 118.2 million pounds and 5.04 billion pounds, respectively.

Paper French Alcatel-Lucent, one of the world's largest manufacturers of telecommunications equipment, went up by 9.4%. The company has recorded profits for the first time in 11 quarters. In the second quarter of Alcatel-Lucent has received 14 million euro net profit against net loss of 1.10 billion euros during the same period a year earlier. Read the rest of this entry »