July 6th, 2009

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Under most pressure now may be the shares of commodity companies and the banking sector

Monday, July 6th, 2009

On Friday, in the absence of an important external reference point, bidding on the Russian market were fairly quiet, and the key stock indices have not undergone significant changes: RTS (-1.1%), Moscow Interbank Currency Exchange (-0.3%).

Shares of oil and gas sector in a stabilization of oil prices recorded divergent trends: Gazprom (-1,9%), Lukoil (0.4%), Rosneft (1.3%). Shares of banks looked significantly better than the market: Sberbank (1.9%), VTB (1.7%), Renaissance (3.6%). Despite the high prices of major commodity groups, NorNikel lost almost 2%. Shares of steel companies rose on a background of global positive trends in the industry: Severstal (3.8%), CMI (3.5%), NLMK (3.4%).

On Friday, U.S. markets were closed in observance of Independence Day. In Asia today, the stock pads in the morning is observed differently dynamic quotations, worse than the other stocks are commodity and energy companies. Strengthening of the dollar have put pressure on commodity markets, oil fell to $ 65, cheaper, all industrial non-ferrous metals.

According to our estimates, the morning today, negative background for the Russian stock market. Under most pressure now may be the shares of commodity companies, and in particular oil and gas sector. Banks will also be affected by the external negative. In current circumstances, it is likely to increase interest in the shares of regional telecom - as in traditional security tools.


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GMO mark since September

Monday, July 6th, 2009

Products

-mutants must now stand on separate shelves and cost much cheaper than natural. On Wednesday evening, so Cabinet has decided not to defer the introduction of labeling products containing genetically modified organisms (GMOs) from 1 July to 1 January 2010, we reported the press service of the Government.

First Vice-President of the All-Ukrainian Environmental League Tatiana Timochko clarified Today that the document made only one change: the level of allowable content of GMOs increased from 0.1% to 0.9%, as is customary in Europe. As explained by Ms. Timochko, it is believed that this percentage may be unintended pollution and is safe for humans.

Until 2010, a transitional period: by September 1 each manufacturer must mark the presence of GMOs is not less than 20% of production, by 1 October - 50% by 1 January 2010 - 100% of the production - said Timochko. -- Ordinance requires that the words Contains GMO XX% were written in the same font and skittles, as a product name such as cheese if no SIV - a mark of his absence was voluntary. Click to continue »