June 26th, 2009

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Ukrainian stock market played drop the previous day and on Wednesday closed in the black

Friday, June 26th, 2009

Ukrainian equity market on the basis of trading session on Wednesday shut down growth. PFTS index grew by 0.34% or 1.38 point, - to 405.89 item code Ukrainian Stock Exchange - on 2,16%, or 20.52 point, - to 977.34 points.

The market played the fall of the previous trading sessions. We just continue to repeat the momentum in other markets. A change of trend in the market talk is premature, - commented on the agency Interfax-Ukraine the situation on the Ukrainian stock market Head of the trading of securities Investment Company Troika Dialog Ukraine (Kiev), Vladimir Grishchenko.

But he added that growth in the market environment is not significant, given the small volume of trades.

According to the expert for the debt market Investment Concorde Capital (Kiev), Alexander Klimchuk, the Ukrainian sovereign Eurobonds market on Wednesday witnessed a multidirectional movement of quotations: the results of trading session the quotations sovereign securities due in 2011 and 2012 slightly proseli and sovereign issues to be repaid in 2013-2017 biennium. - Grew up.

Trader Investment Company Troika Dialog Ukraine (Kiev), Alexander Ublinskih added that in the sovereign sector on Wednesday, demand was also in the Securities and Ukraine-09 Ukraine-13.

He said demand was also in the municipal securities of Kiev, in particular, bought the paper and the Kiev-11 Kiev-12.

The corporate segment, according to A. Click to continue »

Kommersant: Oil swung force

Friday, June 26th, 2009

yesterday in Kiev in the head office of the monopoly operator of the Ukrainian oil transportation system of JSC Ukrtransnafta an attempt to force a change of company management. Designated NAK Naftogaz Ukraine. about. Chairman of the Board Alexander Lazorko using paramilitary protection took the head office. However, chairman of Ukrtransnafta Igor Kiriushin refused to recognize his authority and, armed with a court decision to abolish the appointment of the new Acting, barricaded in a building company.

Experts note that the conflict is the struggle of the Inside for control of the oil system.

Party took the defense

Yesterday at 7.30 am the head office of Ukrtransnafta, located in Kiev on Artema street, 60, was attacked: 22 young men dressed in camouflage uniforms, ignoring the protests of three guards, entered the building and began to change locks on the premises. Around 8.00 in the office came former Deputy Chairman of the Board of Ukrtransnafta Alexander Lazorko, who had brought the decision on the appointment of набсовета it. about. Chairman of the Board. Taking power support, he was in office. According to the chairman of Ukrtransnafta Igor Kiriushin, Lazorko had access to a server company and control of financial transactions.

OAO Ukrtransnafta - the operator of the Ukrainian oil transportation system. Operates a system of trunk oil pipelines Druzhba and Pridneprovsky trunk pipelines, and oil pipeline Odessa-Brody. 2008 Ukrtransnafta finished with a net profit of $ 19.7 million UAH. 100% of the shares in the company manages NAK Naftogaz of Ukraine.

morning was also an attempt to capture the power of another building company - dispatching center, located at street Kutuzova, 18 /7. It arrived a bus belonging to Chernigovnaftogazu structural unit Ukrnafta (42% belongs to the group Privat and the rest - the State).

It was about thirty soldiers in camouflage uniforms. However, the protection of Ukrtransnafta managed barricaded entrances to the building and to prevent its capture. Around 11.45, after the journalists tried to photograph the inside of fighters, the bus drove away. Later the building was taken under the protection of the special Ministry of Internal Affairs Berkut.

Igor Kiriushin yesterday spent the whole day at the dispatch center. He told reporters that the decision набсовета, referred to by Alexander Lazorko, abolished the court, and so resignation as chairman of the board he did not intend.

NAK Naftogaz of Ukraine and the Ministry of Fuel and Energy yesterday publicly endorsed any of the parties. I. on. Chairman of the Board of Naftogaz Igor Didenko has promised to create a special commission to investigate the incident. A Fuel and Energy Minister Yuriy Prodan said that the government deal in what's happening and take appropriate action.

Kiriushin stated that it intends to continue to lead the company, being in control centers. Similar statements were made and Lazorko. Most likely, one of the parties will re-assault, and the next day or two the situation is resolved by force, - noted Press Secretary, Ukrtransnafta Alexander Dikusar. Yesterday at 19.00 repeated attempts to capture is not made.
Changing priorities

cause of yesterday's conflict was the opposition leaders of the company on strategic issues. Recall Alexander Lazorko was appointed Deputy Chairman of the Board of Ukrtransnafta in January this year. Previously, he served as chairman of the board of OAO Galichina (75% of shares belongs to the group Privat ). Click to continue »

Obama is pleased with the work of the Fed

Friday, June 26th, 2009

U.S. President Barack Obama said that Federal Reserve Chairman Ben Bernanke works very well, struggling with the financial crisis and the Fed in a position to assume additional responsibilities for monitoring financial risk transfer K2Kapital .

However, U.S. President bypassed in silence the question of whether he will ask Bernanke to head the Central after the expiration of his term in office early next year. However, he severely criticized the financial regulators including the Fed, at the very beginning of the financial crisis.

Financial regulators did not do everything necessary to prevent a crisis. The Fed probably do better than many other regulators, but I think they were the first to admit that in the systemic risk and the prediction of systemic risks, they have not done all that need to be done, - Obama said at a press conference at the White House. Click to continue »

Latin America: the indexes continue to follow on the heels of the price of Commodities

Friday, June 26th, 2009

On Monday, 23 June, equity markets of Latin America have demonstrated negative dynamics of the markets following the U.S. and Europe. The reason for the pessimism was a general statement by the World Bank that the world economy this year will decline by 2.9%. This prediction has become a factor of falling commodity prices, producers are well represented in Latin American stock indexes.

The World Bank believes that the capital outflows from developing countries could lead to an increase in the proportion of people living below the poverty line, and that in the process of rebuilding the world economy with a low-life would be much less favorable terms than those with high.

The key index of Brazil Bovespa, more than half the companies comprising the commodity sector, the strongest way away for 3 months - by 3.7% to a level at 49 494.80, after losing nearly 4% over the last week. The Mexican Bolsa index has lost almost 4%, while Argentina's Merval - about 4.1%.

The world's largest iron ore producer Vale lost 4.8% of the market value on expectations of continuing recession. The Brazilian state oil company Petroleo Brasileiro lost 3.4% after falling prices for black gold in New York.

Manufacturer of products made of wood, ceramic and metal for the repair and construction works Duratex, contrary to the established exchanges in the negative mood, moved to 7.3%, once decided on the takeover of its competitor Satipel Industrial for 1.95 billion reais ($ 987 million) .

Votorantim Celulose Papel, is going to become the world's largest producer of raw materials for paper after completion of absorption of Aracruz Celulose, lost 7% of market value, after Morgan Stanley analysts lowered the rating of its shares.

At the tender in Mexico led a retreat of the largest cement producer Cemex, whose shares cheaper by 4% after lowering its forecast for the shares by analysts JPMorgan, considers sale of company assets in Australia is a negative factor for profit.


Index Country Closing Change (items) Change (%) Value at beginning of year (the last closing in 2008) Change from the beginning of the year
MerVal Argentina 1,495.98 -63.48 -4.07% 1079.66 38.56%
Bovespa Brazil 49,494.80 -1,878.97 -3.66% 37550.31 31.81%
IBC Venezuela 43,263.10 -1.98 0.00% 34927.66 23.86%
IGBC Colombia 9,749.20 37.18 0.38% 7560.68 28.95%
Bolsa Mexico 23,314.68 -960.04 -3.95% 22380.32 4.17%
IGBVL Peru 12,438.29 -698.7 -5.32% 7048.67 76.46%
IGPA Chile 14,655.01 -329.15 -2.20% 11324.07 29.41%
IPSA Chile 3,054.77 -79.55 -2.54% 2376.42 28.55%

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United States: Statistics and Reporting Oracle heartened and saddened Fed

Friday, June 26th, 2009

On Wednesday, 24 June, the stock markets of the United States concluded the session with mixed dynamics. Most shares have stepped up against the backdrop of a sudden increase in orders for durable goods in May, which increased by 1.8% compared with an expected decline of 0.6%. Another favorable factor for growth has become a reporting Oracle better expectations. But the mood of investors in the bond market was podporcheno Federal Reserve statement that it had no plans to expand a program to repurchase the bonds, leading to increased yield U.S. Treasury bonds.

It is also worth noting that yesterday the Fed left the base interest rate in the target range of 0% -0.25% and the discount interest rate at a level of 0.5%. In doing so, she reported that there has been improvement in the financial markets, some stabilization in consumer spending and the slowdown of a recession and the prerequisites for the gradual growth of the economy.

At the end of the trading index of Standard Poor's 500 added to its asset 0.65% to 900.94 marks in the paragraph, the indicator blue chip Dow Jones Industrial Average fell by 0.28% to a level of 8299.86 points, while the index of high-tech sector Nasdaq Composite lost 1.55%, to close at 1,792.34 point in the paragraph.

The second-largest producer in the world of software Oracle, is on auction 7% of market capitalization after the reported profit for the year to end May 31 in the amount of 46 cents per share, compared with an expected 44 cents. Against the background of the news paper companies Intel and Microsoft went up by 1.83% and 0.56% respectively.

Thanks to statistics released by the orders for durable goods in May, proved to be the best of expectations, shares of energy companies General Electric and manufacturer of equipment for the construction of Caterpillar advanced 0.86% and 1.21% respectively. Click to continue »

In the remaining two trading sessions this week, most likely consolidation just above current levels

Friday, June 26th, 2009

rebound up to succeed

In Wednesday trading on the Russian market is marked by the growth against the backdrop of increased oil prices. In addition, market participants actively covered short positions, which led to the growth of most fallen in recent days the securities. Thus, the ordinary shares of Sberbank grew by 15%, prefy - almost 20%. It also noted the relatively strong growth in paper and oil and gas sectors of metallurgy. At the end of the trading index of the MICEX soared by 7.3%, RTS index - by 2.8%.

Trades in the United States opened with the raising of quotations on the full range of securities against the backdrop of positive makrostatistiki: orders for durable goods rose much stronger than anticipated by experts. Nevertheless, the enthusiasm of the players on the American site exhausted after the meeting of the Fed. The main disappointment was the statement that the Fed will not expand a program to repurchase the bonds. At the end of the trading Dow Jones index fell by 0.2%, S P500 - grew by 0.6%, NASDAQ up 1.5%.

External background at the opening of the Russian market neutral. Japanese Nikkei rising 2.8%. Chinese Shanghai Composite is growing at 0.3%. Oil brand Brent traded around the mark of $ 68.6. Futures on the U.S. S P500 grow by 1%.

After a rapid correction, and no less strong rebound top players in the Russian market today, it will be necessary to determine the future direction of movement. In favor of the bulls today plays an increase in U.S. futures indices, growth in Asia and strong oil. On the side of the Bears' only strengthen the dollar and the currencies of the world. Rather, today we see the opening of the vicinity of the closure yesterday. During the trading session, the market will pay attention to statistics on the number of applications for unemployment and the final value of the U.S. GDP in quarter 1. In the future, the remaining two trading sessions this week, we believe the most likely to consolidate slightly above current levels and reducing volatility.

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The Russian stock market is not ready for a correction, it is unlikely that domestic indexes again in the near future will move toward 900

Friday, June 26th, 2009

The Russian stock market is not ready now to the correction: a conclusion on the results of auctions on Tuesday and Wednesday. This test is very important to determine what will happen with the market further, and points out that hardly we can soon see the 900 items on the index again.

In the trading session Wednesday lifting the RTS and MICEX index was 2.83% and 7.37% respectively. To argue that this result would be replicated today

- not: just ignore the rollback of quotations of oil below $ 70 a barrel is likely to fail, but all the same, we believe that this time will prevail over the positive trend.

Among the factors that ensured the failure of the last correction you need to first of all, the American statistics: the growth of purchases of goods for long-term use in May to 1.8% while the expected reduction of 0.8%, could not revive hopes to restore the consumption in the United States. These expectations were a bit blurred comments of the Fed, which has warned that the pace of economic growth for some time will be very slow. Nevertheless, the overall tone of statements by the Central Bank, issued on the basis of a two-day meeting was a positive trend due to a finding recovery in financial markets and the denial of the threat of deflation. Result trades on the stock exchanges in the U.S. has been mixed: Dow Jones index dropped 0,28%, SP increased by 0,65%. However, futures indicators show that today the role of support to prevail, and growth resumes.

Asian markets today vospryali spirit, and rapidly compensate for the loss Tuesday. Japanese Nikkei index rising to 2,17%, KOSPI - on 2,15%, Hang Seng - on 2,17%. Strengthening U.S. dollar and a corresponding weakening of the national currencies had a catalytic effect, which is fairly evenly reflected in these countries in all sectors of the economy. It may be noted that the technology sector raised a little more confident, which may be related to the orientation of sectoral shares in positive reporting Oracle, released on Wednesday.

At the commodity markets is also growing. The fastest rise in the price

metals: nickel broke box $ 15500 per tonne, rising to the LSE at 6.1%, copper and zinc follow it with a minimum separation: 5,2 and 6,06% respectively. The growth of oil during the trading environment has also been impressive, but the growth stocks of gasoline in the United States (at 3.9 million barrels) triggered selling, and as a result of a mixture of quotes for WTI climbed all day

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Synergy is beginning to delivery Beluga vodka all international lines of Aeroflot

Friday, June 26th, 2009

JSC Synergy is beginning to delivery of premium vodka Beluga directions to all international airline Aeroflot. Since June, the brand Beluga will be presented in the range of duty-free shops aboard airlines flying outside of Russia.

In addition, the JSC Synergy and the company Gebr. Heinemann, one of the largest operators of Duty Free, had reached agreement on the distribution of brand BELUGA through its network of stores. Currently, Gebr. Heinemann operates more than 179 shops, duty-free trade in 49 international airports, which are located in 19 countries.

These steps are a continuation of the development of an integrated export of the synergy and broaden the international distribution of its flagship location, the federal brand. Click to continue »

Quotations of oil stayed below the channel bottom, the nearest support is at $ 65 a barrel

Friday, June 26th, 2009

The Russian stock market began a significant collapse week. The decline was observed across the spectrum of liquid shares traded. As leaders of shares of Sberbank, VTB, Lukoil, Rosneft. The second line is also predominantly observed a significant negative trend. MICEX Index punches this time, 1000 points mark, which is alarming in terms of technical analysis of the signal. Oil prices fall significantly after the evening on Friday, today continued to decline and reached a level of 67 dollars per barrel. From the perspective of technical analysis of the quotations of oil stayed below the channel bottom, which was formed in May-June and is now the nearest support is at 65 dollars per barrel.

U.S. stock market decline has opened more than 1%. Trades take place in Europe with significant negative trends. Perhaps, in the course of bidding, after all, have had their influence in revised downward momentum of world economic forecasts from the World Bank. In doing so, among the developed countries more than others in a downward revised forecast for the euro area. Previous estimates of the World Bank assumed the euro area GDP in 2009 to 2.7%, the current valuation implies a fall on 4.5%. Year will be particularly severe for the countries of Central and Eastern Europe. Bookmark revise forecasts as the World Bank has been China. Projected GDP growth for 2009 was revised from 6.5% to 7.2%. On the other main countries with developed and developing economies prevailing downward projection in the direction of more negative dynamics of the GDP. Note that the projections from the World Bank is now more gloomy than the current forecast of the IMF, involving reduction of the global economy in 2009 to 1,3%, against the World Bank to the dip at 2.9%.

This week will be very rich in important macroeconomic data, mainly on the U.S. economy, which will begin from Tuesday. The focus will be on the real estate market statistics (the dynamics of sales in the secondary and primary market of housing), data on orders for durable goods, data on consumer income /spending. Also important will the U.S. Fed meeting on Wednesday, which is expected to be announced on enhancing the policy of quantitative incentive to purchase government bonds.

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The market has woken up on Friday

Friday, June 26th, 2009

American and European markets have completed week of decline - a long-awaited correction finally begun. On the dynamics of the indices have influenced the results of the meeting of heads of financial departments of G8, United States makrostatistiki rates, fluctuations in oil prices. Asian trading platform also fell, they had a significant impact reducing the shares of commodities and securities firms exporting

four trading session, the Ukrainian daily stock indexes fell. It was not until Friday, the Ukrainian stock market vospryanul spirit, responding to favorable U.S. data on macroeconomic statistics, released as early as Thursday. In particular, the number of initial claims for unemployment benefits for the week culminated on 13 June, it was lower than forecast , - said chairman of FC Avtoalyans-invest Dmitry Taranenko.

In addition, the research organization Conference Board has exceeded the expectations of experts (the index of leading U.S. economic indicators on the basis of May 2009 increased by 1,2%, instead of 1%), as published by the Federal Reserve Bank of Philadelphia index of manufacturing activity rose in June to -2.2 point, while analysts had expected an increase up to -17 points.

Ukrainian

indices lost 6.9% for the week (PFTS) and 7.5% (Ukrainian Stock Exchange). The PFTS has fallen Paper Raiffeisen Bank Aval (5.96%) and Ukrsotsbank (17,61%), - said the chief of analytical department of Fininvest Group Anastasia Kostenko .- Under pressure were shares of financial sector companies around the world . Click to continue »