June 30th, 2009

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The course is kept buying the dollar unchanged - the evening review of cash markets

Tuesday, June 30th, 2009

30.06.09 condition at 17:00 the Kiev Banks and Items of currency exchange (PAE) is most often buy 1 USD at the price of 7.7000 UAH, that is different from yesterday's rate and the offer at a price of 7.7800 UAH, that expensive at 3.00 cop.

of the Bank and the Stand for purchase 1 USD fluctuate within 7.6300 - 7.7520 UAH.

Best Offers to buy 1 USD at this time set in the following banks and Stand:
7.7520 UAH - Altair-group;;
7.7500 UAH - Prime Bank;; UPB;; Nika;;

of the Bank and Stand for sale 1 USD fluctuate within 7.7500 - 7.8000 UAH.

best selling 1 USD at this time set in the following banks and Stand:
7.7500 UAH - Unexbank;;
7.7600 UAH - People's Capital;, Sberbank of Russia; Скринька -2005;;

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Today

Banks Stand and most often buy 1 EUR for the price of 10.8000 UAH, that expensive at 4.00 cop. than yesterday and offered at a price of 10.9500 UAH, that expensive at 10.00 kopecks.

of the Bank and the Stand for the purchase of 1 EUR fluctuate in 10.6500 - 10.8900 UAH.

Best Offers to buy 1 EUR at this time set in the following banks and Stand:
10.8900 UAH - Aktiv-Bank;; Globe;; Legbank;; Poltava-Bank KB;; Trust Capital;;
10.8850 UAH - Nika;; SDYUSHOR-Kiev;;

of the Bank and Stand for sale 1 EUR vary in 10.9000 - 11.0200 UAH. Click to continue »

By the end of the session most likely to stabilize the value of index MICEX at current levels in the region of 1000 points

Tuesday, June 30th, 2009

MICEX index rising 1.72% at 1006.33 p.Maksimalny value growth is observed in the oil and gas sector (2,75%), less than the rest of the financial sector is growing (0.25%).

index of large capitalization rising to 1.81%, the average market capitalization - on 0,37%, a small market capitalization - on 0,46%.

Assistant to the President of Russia A. Dvorkovich said that he expects the growth rate in 2010: natural gas more than 10% of electricity to about 5%. In turn, the head of the Ministry of Economic Development E. Nabiullina said that the increase of electricity tariffs must be in the growth of tariffs for gas.

OAO Transneft will increase from July 1, rates for services on pumping oil at 4.4%. Such a decision today, the Board has adopted the Federal Service for Tariffs.

OAO Novatek reported on the closure of register of shareholders as of July 2 to attend the extraordinary meeting of shareholders for the purpose of absentee ballots before the Aug. 7, 2009 on the approval of contracts by opening up to us a few lines of credit.

JSC MTS reported the commissioning of 3G cellular network in Moscow and Moscow region.

Against the backdrop of the recent increase in oil prices shows the stability of the ruble on bivalyutnoy basket below 37r. The stakes are the money market is also stable: at 1 day rate is 8%, and for a week about 10%.

The August crude oil futures traded on NYMEX, rising to 0.21%, trading at 71.64 U.S. $ /barrel. September futures for the SP 500 index, traded on the CME, also increased by 0.33% and traded at U.S. $ 924.25

By the end of today's trading session, most likely stabilizing the value of the MICEX index at current levels in the region of 1000p.

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Positive data from the SP / Case-Shiller raise banks' quotes

Tuesday, June 30th, 2009

With the price of oil went up and the general optimism in the western markets, the Russian stock market on Tuesday also remained in high state. It was glorious, and not growing, because the MICEX index (1.7%) was able to climb on the day of opening only at 0.5%. Our stock market indexes were higher and if the price of oil (Brent $ 71,15 /barrel), after the night-day rally has not been adjusted to a range of 5 hours. Significantly, while the quotations of our oil companies are traded very stable. This is a sign that the majority of players are in the hands of paper, waiting for the market higher.

Index MICEX morning immediately broke 1000 points mark, but natknuvshis to resist in the region of 1010 points, the day drifting, waiting for the continuation of developments in commodity markets and currency. Speaking of raw materials. A careful analysis of the daily schedule of prices for oil brand Brent shows that in the coming weeks expect accelerating upward movement of oil prices. I think that the point $ 75/barr can be overcome by mid-July. This is reflected in the calm on the stock exchanges, the lack of well-known corporate bankruptcies, softer rates in the credit market and the gradual weakening of the dollar.

In the best performing stocks on the MICEX today, oil and gas companies: MICEX OG 2,68%. Instead, the paper Sberbank (-0.45%), in obvious outsiders. I think this trend revealing, for the periods when investors simply shift part of the financial sector in the commodity, as having greater potential for growth. However, if the data in the 17-00 on an index price of the house of SP /Case-Shiller for April prepodnesut a pleasant surprise, you can wait for the restoration of quotations and in the banks.

This week will be short for the western markets. On Friday due to Independence Day in the U.S. market is closed. In this regard, the most powerful movement in the trading floors is to wait on Thursday, when the report on employment in the United States will determine the mood of investors at the beginning of July.

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Precious metals market review for 29.06.09

Tuesday, June 30th, 2009

Vitaliy Shevchenko, an analyst company UMIS

Dynamics

Monday quotes on gold closed with a slight decrease after the beginning of the trading day the index rose a dollar. Silver futures have been with additional downward pressure, comes from technical factors.

As a result of trades on the COMEX, division New York Commodity Exchange (New York Mercantile Exchange, NYMEX) gold stood at around 940.70 dollars per troy ounce, while silver closed at around 13.97 dollars per ounce.

Causes

After a sluggish week Gold will start a new with conflicting statements from China. It should be noted that it is the words of Chinese representatives in the past six months have had a major impact on the dollar and led to a surge of interest in gold. Gold futures continued to be traded in the region of 940 dollars a barrel, and they are strongly moved up or down. Click to continue »

Landmarks of the week

Tuesday, June 30th, 2009

President seeks to demonstrate a high level of activity in that other political actors to react with restraint, sometimes asymmetrically. Premier tries to maneuver between this crisis and the future. The main opposition continues to be unconvincing.

 
Party of Regions political strategists

slightly overreach by deciding the maximum distance in the minds of future voters Viktor Yanukovych from political hangouts in Pechersk hills. Reached the point that Viktor confessed that he was ashamed to go often to the Verkhovna Rada. In one television esters leader of the Party of Regions because the audience focused on your own inability to be an opposition and the status of a provincial policy that a person incompetent to give the wrong impression.

It seemed as if the man in the expensive suit is not a leader of presidential ratings, and the applicant for the post of chairman of Village somewhere in the native Donbas. It seems that Yanukovich is time to learn to measure their applications to political reality.

namesake and perhaps the easiest opponent Viktor Fyodorovich, President Yushchenko is trying to maximally activated. Of course, no one canceled equity parable about two frogs who fell into a pitcher with sour cream, but the top head of state today, more like a stunted sprout of green, over which ukatali asfaltobennoe coverage. Even non-formal renaming of Our Ukraine in the party of Viktor Yushchenko did not give a new impetus to the party, born Maidan.

During the five Congress Orange delegates listened to a traditional space is honorary chairman, honeyed words of presidential fans and have seen a single burst internal opposition. As a result, ministers nasheukraintsev under the specious pretext of the government decided not to withdraw, but the four MPs who have partbiletami Our Ukraine, advised to leave the ranks of the coalition. Apparently, this will be the case when party discipline does not work, and the coalition stand for the pleasure of the Prime Minister and the opponents of the early parliamentary elections.

 

Viktor Yushchenko has traditionally and sweeping for any opportunity to criticize the Government for reducing the expenditure and revenue, for the failure to prepare for Euro-2012, for harboring the economic indicators. It is unlikely that Viktor Andreyevich will receive additional rating points after treatment in the prosecutor's office to help find out the real state of the economy.

In addition, the head of state with hypertrophied as a leader for the revolution proud to announce that there will be no technical candidates in the presidential election. However, it is - the truth is that the winner and fight for a place at the top Yushchenko becomes.

 

at the right time and place (in Ukraine) to remember the ideals of the Orange Revolution of Yulia Tymoshenko. Premier told Lvov, that goes to the President, in order to translate the covenants of the Maidan. Apparently, negotiations with Party of Regions on the reform of the Constitution was the first attempt to harmonize the law in a democratic manner. In the capital Halychyna Tymoshenko promised that after the 2017 foreign military bases (read - the Black Sea Fleet of Russia) on the Ukrainian land would not, and reminded that the payment for gas is paid for our independence. Click to continue »

Shares VTB traded in the downward trend

Tuesday, June 30th, 2009

Polyus Gold

Surrounding levels of support: 1200.0 /1150.0 /1112.0

nearest resistance levels: 1211.0 /1250.0 /1280.0

According to the results of yesterday's session, shares of Polyus Gold closed Friday at levels under the critical level of 1200 rubles. Following the closure of the Russian market of gold futures on the solid added to the price, marked pereprygnuv $ 940 per troy ounce.

At the opening of a positive external background and paper seems to gepom up. During a bull mood of the action can break the resistance level of 1211 rubles. - The bottom of the downstream channel, formed in early April. After the departure of a given level of stocks tested it four times, but to break it or not. In the case of the higher level of care recommend that open positions with the aim of 1250 rubles. Support is the level of 1200 rubles., Near where the 21 - and 100-day moving averages.

Gazprom

Surrounding levels of support: 155.0 /153.3 /151.5 /150.8 /150

nearest resistance levels: 160.0 /163.0 /165.0

Shares of Gazprom in the last trading session stayed up upper limit of the channel at 155 rubles., adding to the cost of 4.78%. Previously, paper traded in the short channel with a resistance to 155 rubles. and ascending levels of support, which yesterday was about 150 USD mark. Withdrawal from the channel opens up the potential growth of up to 160 EUR. In addition to the psychological significance of the level of interest is the 200-day moving average, which lies just above the mark of 160 rubles. In the case of Perforation of the level I recommend to open a position with a view to 163 rubles. In addition to a positive external background, the purchase helps unfinalized gap of 22 June, to close by the action can go above level 160 rub.

Company

Surrounding levels of support: 1370.0 /1300.0

nearest resistance levels: 1471.4 /1500.0 /1600.0

At the end of last session, shares of Lukoil went up by 1.91% to close near the 1400 mark rub. Favorable external background for the opening of this level will break up. Next goal will mark 1471.7 rub. - 200-day moving average. I recommend to open a position with this goal. A medium term goal for shares of companies is the level of 1650 rubles. Since June 19 has been formed unfinalized gap down.

Savings Bank

Surrounding levels of support: 37.9 /35.0 /31.5 /30.0

nearest resistance levels: 41.8 /43.1 /45.0

Shares of Sberbank also closed near the critical level of 40 rubles., who is now at the opening would be break-up. As a result of yesterday's session, the paper added in the value of 0.35%. Shares are consolidated near the top of the channel on 2 June. Today, after opening up the paper with gepom can test the 200-day moving average (42.8 EUR). Into which I recommend to open a position.

After the top of Perforation mark 40 rub. this psychologically important level to act as support, and in case of shares of the Bank of Perforation may descend toward 37.9 rubles.

VTB

Surrounding levels of support: 3,33 /3,00

nearest resistance levels: 3,50 /3,66 /4,00

VTB Shares traded in the downward trend in the center of which was held yesterday by the closure. At the end of last session, the paper added in the value of 0.87%, to close under the psychologically important level of 3.5 kopecks. On a positiveexternal background this could be to break up early in the session. With top notes of Perforation 3,5 cop. I recommend to open a position with a view to 3.66 kopecks., where the 200-day moving average. In the case of a bear sentiment shares of the Bank could take to the bottom border of the trend, which is at the level of 3,33 cop.

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The EU believes that the Ukraine have enough support in the $ 2 billion to pay for Russian gas

Tuesday, June 30th, 2009

representatives of the European Commission and international lenders said on Monday NAK Naftogaz Ukraine, that their real needs for additional financing to pay for Russian gas is $ 2 billion, not $ 4.2 billion, according to the company, writes The Wall Street Journal .

Earlier a source in the European Commission also said the agency Interfax-Ukraine, which the European side, the amount required to solve the gas problems of Ukraine is much lower than previously Kiev claimed $ 4.2 billion

European Union, the International Monetary Fund and other international financial institutions on the basis of a meeting in Brussels on Monday formally announced that achieved progress in providing financial assistance to Ukraineto pay gas. However, as noted by the EC, the provision of assistance may be provided to reform the gas sector of Ukraine.

deputy head of Gazprom, Alexander Medvedev, who took part in a meeting on Monday expressed the hope that financial institutions will be able to find a solution to the problem until September, because the period of gas injection in the Ukrainian gas lasts from April to October and November, starting with his selection that, in particular, to ensure stable supplies to Europe transit. Click to continue »

FINAM recommends buying shares of bank Revival

Tuesday, June 30th, 2009

IC FINAM gave ordinary shares of bank Revival recommendation to buy, considering their 12-month target price of $ 34.7 per security. Analysts note that the stabilization of the situation in the money market plays in favor of private banks. The attractiveness of Renaissance are enhanced by good capital adequacy, large cushions of liquidity and efficient control over expenditure.

In recent months the situation on the Russian financial market has stabilized. Rising oil prices, low volumes of imports and increasing confidence in the national currency have formed the necessary conditions to increase the Central Bank reserves, capital flight and inflation slowed, and the ruble strengthened. All of this positive impact on the environment MBC. Interest rates on the decline, which offers additional opportunities to attract funding for private banks. In addition, for three months - from February to May - was recorded actual inflow of deposits.

The return of confidence in the financial sector, in particular, expressed by the influx of deposits, reduces the specific risks of private banks' average size. In contrast to the state bank, they are traditionally more sensitive to any signs of macroeconomic instability, which may serve as proof of a sharp outflow of funds from bank customers Revival in October last year , - says the study, the investment company FINAM.

The main risk to the banking system is increasing the proportion of bad debts, which stimulates the development of negative trends in the real sector. In the first quarter of 2009, arrears of bank Revival, which specializes in serving corporate customers of small and medium-sized businesses has increased from 3.4% to 5.9%. Nevertheless, we note that the Bank uses the most stringent criteria to account for bad debts (overdue recognized the entire amount of principal, if the overdue payment of interest and /or part of the debt at least 1 day). Click to continue »

Today the Russian market record a positive change in the indices

Tuesday, June 30th, 2009

The Russian stock market opened a week of low-rising prices. RTS Index grew by 3% to 989 items, RTS index fell by 0.4% to 951 points. Technically, the growth of purchases of shares is provided in order to improve the performance of portfolios in the first half. There was restructuring of the portfolios - the reduction went shares in Sberbank (-1.2% in the RTS and -0.2% on MICEX) and the increase in the share of Gazprom (2,7%), Norilsk Nickel (4%), Rostelecom (7.2%). Among the second-line shares the lead NLMK (10.5%). Supporting the market has had a market for oil. Investors are once again experiencing concerns about disruption of supplies from Nigeria to the worsening political situation.

At the world's stock markets optimism prevailed. The lack of macro provide players breathing. The indices rose by 0,3 - 1,0%. Most likely, in early July, the players will adhere to neutrality - in anticipation of quarterly corporate reports and the day off on 2 July (Independence Day). European markets have completed Monday a growth of 1,3 - 2,0%. Asian markets today are painted in green, to the Nikkei index rose at 9:45 AM EDT 1.9%. Oil prices today are rising against the background of the situation in Nigeria and the next wave of expectations of recovery in demand for energy. WTI futures went up by 1.9% to 72.9 U.S. $ /bbl. At Brent - on 2,03% to 72,4 U.S. $ /bbl.

The situation with ruble liquidity, despite the end of the month, quarter and half, does not preclude investments in securities. This week in the number of expected makroindikatorov - GDP 1Kv09 - final evaluation (UK), the CPI in June - the estimate (euro), GDP 1Kv09 - final evaluation (UK), the CPI in June - the estimate (euro), the index of home prices SP, index Consumer confidence, ADP report on employment in June (all U.S.). In the mid-week will be on oil and petroleum products (U.S.). July 2, the ECB announce a decision on interest rates. The ECB this month would almost certainly leave interest rates at 1.0%

We expect the movement of Russian stock market in the wake of world financial systems. The greatest degree of probability, now fix a positive change in market indexes.

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U.S. desheveet on Tuesday due to increased investor appetite for risk

Tuesday, June 30th, 2009

Course dollar declines on Tuesday, as investors' appetite for risk improves the expectations ease recession and restore the world economy, reported Bloomberg.

euro at 9:24 on Tuesday was worth $ 1.4113 to $ 1.4083 at the end of the previous trading day in New York.

The dollar dropped in price to the Japanese natsvalyute to 95.74 yen at 9:24 on Tuesday against 96.06 the previous day.

Price euro fell to the time before the yen at 135.05 compared with 135.30 yen on the basis of bidding on Monday.

appetite for risk is back - said a senior dealer of ANZ National Bank Ltd. Sintonen Alex. - At the moment, people are willing to take risks.

U.S. stock indexes rose on Monday after the stock of oil companies. Standard Poor s 500 rose 0.91%.

Oil went up on the basis of trades in New York on Monday to 3.4% - to $ 71.49 a barrel. Click to continue »