July 9th, 2009

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By the closing bid negative component prevailed, which allowed Bear to close the day at the minimum values

Thursday, July 9th, 2009

closed below 900 points

Trading on the Russian sites, despite the decline in the energy market, opened in the growth of quotations, which continued during the first half of the day. This enabled the bulls to raise the MICEX index to the level of 920 points. From this level, a new wave movement down, which led the MICEX index closing below the previous day, and in the future, and below 900 points. The leaders began to reduce paper Mosenergo (-3.85%). They were shares of the Company and Tatneft Gazpromnefti losses which amounted to 2.4% and 2.97% respectively. On the positive territory were able to finish the day the paper Lukoil (0.08%) and RusGidro (0.34%). At the end of the trading the MICEX index fell by 0.93%, ending the day at 896.2.

Yesterday's restoration of American playgrounds and day-dynamic futures S P500 index at the opening of the market outweighed the negative energy, but to our closure of the negative component of the background of prevailing, which bears to close the day at the minimum values. At this point in time to enter the market there. The reason for the change tendency is not observed, so it's best to maintain the position of an observer and watch the situation closely from the side. The external background will be impaired, and the negative can be expected as the oil market, and from overseas sites.

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In the 1 half of 2009 of Severstal expanded the range of products

Thursday, July 9th, 2009

Enterprises of three segments of division Severstal Russian Steel during the period of 2009 greatly expanded the range of products, including the exclusive properties and potential key customers in strategic sectors of the economy , - the head of division of Severstal Russian Steel Anatoly Kruchinin .

According to him, the emphasis in the development of CWP has been placed on products with exclusive features: Given the current situation, consumers need new high-tech products, allowing their conversion to reduce unit costs while improving product quality.

According to the chapter divisions, the market from Cherepovets (steel segment division) for five months, developed 9 new types of products. Consumers in this period shipped 330 thousand tons of metal a new assortment that exceeds the amount of semi-shipment in 2008.

One of the main directions of work on the development of CWP has rolled high strength for clients in various segments of engineering industry. In particular, in order to attract consumers in the sector of agricultural machinery in flatting shops CherMK embed shtripsovyetechnology for the production of low-grade rolled 09Г2 with an increased set of consumer characteristics.

The use of such metal gives the consumer a number of competitive advantages: improving the strength properties while reducing the thickness of rolled steel will reduce with the release of agricultural machinery. Work in this direction is planned to expand both the volume of deliveries, and by attracting new consumers, the report says Severstal.

In addition, for industry (JSC KAMAZ) developed high-rent category S355MC thickness 7-8mm, and for avtokranovyh, tractor and carriage-building plant - 10HSND thickness 12-16mm. Click to continue »

At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 26.48 billion rubles

Thursday, July 9th, 2009

At 16.00 Moscow time the price index value was 115.12 RGBI. Compared with the closing of the previous day, he rose to 0.01 Clause (0.009%). The volume of trades in the market for government securities amounted to 26.48 billion rubles. Yield on bonds SU25064RMFS5 with the date of repayment in January 2012 was 11.89% (-0.02 percentage points) on the bonds SU25065RMFS2 from the date of redemption in March 2013 - 12.11% (-0.02 percentage points) on the bonds SU25066RMFS0 with the date of repayment in July 2011 - 11.49% (-0.04 percentage points).

C corporate bonds reached 812 transactions in the amount of 6974.68 mln. Yield on bonds RZhD-09obl with the date of repayment in November 2013, amounted to 13.03% (0.02 percentage points) on the bonds IKS5Fin 01 with the date of repayment in July 2014 - 15.95% (-0.24 percentage point), the Petrokomb4 bonds with maturity date of July 2011 - 15.24% (-0.09 percentage points) on the bonds SZTelek5ob with the date of repayment in May 2013 - 8.65% (1.22 percentage points) on the bonds VTB-LizF01 with maturity date in November 2014 - 12.3% (0.06 percentage point).

C sub-federal and municipal bonds reached 165 transactions in the amount of 2275.39 mln. Yield on bonds MGor63-on with the date of repayment in December 2013, amounted to 15.48% (-0.07 percentage points) on the bonds YarObl-08 from the date of repayment in June 2011 - 16.06% (-0.39 percentage points) , on bonds MGor50-on with the date of repayment in December 2011 - 14.24% (0 items), on bonds MGor61-on with the date of repayment in June 2013 - 15.37% (-0.02 percentage point), Mos.obl.7v on bonds with maturity date in April 2014 - 17.75% (-0.1 percentage points).


In Bond Market You can find information on issues of corporate and municipal bonds, as well as learn about the planned deployment, the outcome of trades on the MICEX and read the comments market bonds.

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Motovilihinskie plants will not pay dividends on the basis of 2008

Thursday, July 9th, 2009

Shareholders of OJSC Motovilihinskie plants have approved the annual report and accounts for the company in 2008 during the annual general meeting on 20 June.

The shareholders also decided that most of the net profits as a result of 2008 will be left to the Motovilihinskih plants. Of the 374 million 513 thousand rubles of net profit to 18 mln 725.6 thousand rubles (5% net profit) will be sent to the reserve fund, others - connected to the net profit of previous years, the report says the company.

By the retained earnings also added 41 million 227.6 thousand rubles, which emerged from the revaluation of deferred tax assets and liabilities due to changes in the tax rate on profits.

The Board of Directors of OAO Motovilihinskie plants was reduced from 11 to 9. It includes Eugene Kovalev, Nikolai Dimidyuk, John Costin, Nikolay Makarovets, Gennady middle, Victor Sinitsin, Oleg Ощепков, Zoya Yakimchuk and Sergey Rogov.

In order to bring the charter of OAO Motovilihinskie factories in line with current Russian law, the shareholders also decided to approve the changes to the document. Click to continue »

In the 1 half of 2009, CFR reduced loading to 23%

Thursday, July 9th, 2009

Today the President of Russian Railways Vladimir Yakunin held a telephone conference on the resultsof the company in June and for the 1 st half of 2009.

An important result of the month is the high growth of loading of coal (5.6% by June 2008), made after her semi-reduction. The more than 20% increased loading of coal West Siberian road, ensuring at the expense of this the total increase in loading of more than 8%. This is the first positive monthly dynamics of the railways in the current year , - said Vladimir Yakunin.

According to the president of the company, in June, maintained high growth in the loading of grain (37.8%), close to the level reached last year of high loading of oil cargo.

However, noting these positive facts, Vladimir Yakunin said that the situation for most goods have not yet been added optimism, in particular, loading of ferrous metals from the beginning of the year reduced by almost 33% of scrap by 52%, and construction of goods by more than 42% of timber cargo by more than 35%, cement by 32%.

In general decline since the early years of loading is approximately 23%. Click to continue »

Russia will not be able to become a U.S. ally

Thursday, July 9th, 2009

Information Group (part of an investment holding company FINAM) held a conference on The outcome of the visit of Barack Obama in Russia: Reboot. Its members believe that US-Russian negotiations did not have any obvious impact. On the one hand, this is due to the fact that Russia remains a secondary focus for U.S. foreign policy. Furthermore, Russiarelies on a pragmatic attitude, which prevents it to become clear ally States.

The experts believe that the meeting of leaders of Russia and the United States does not become a revolutionary for the relationship between the two countries. The problem is that while Obama administration is ready to go only to minor concessions, while leaving overboard to discuss NATO enlargement and U.S. policy in the post-Soviet area. It was clear and the outcome of the Russian visit, Obama. On these issues, sooner or later Moscow any further claims, - says an expert on foreign policy, the political environment, Russia Evgenia Voicu.

Perhaps the situation is also linked to the fact that the United States to the Russian line is not a priority. It is necessary to correct the huge mistakes of the Bush administration. On the first place - not a Russian theme as such. This is the Afghan-Pakistani conflict, and the Iranian issue and the Israeli-Palestinian conflict, - convinced the head of department of international relations IAI RSUH Olga Pavlenko. However, it complements: The significance of the visit did not understate. Washington and Moscow are once again demonstrating a desire to engage in dialogue. It - is already better than a dead-end anti-Americanism or Russophobia. Even if the word curtsies more than meets the eye.

However, a dramatic warming of relations with America until the speech is not. First of all, because of the position of the American elite. It seems that the United States does not abandon the idea that appeared in 2003-2004. That should not be allowed in Eurasia political monopoly of Russia. Click to continue »

Following the 7-week minimum in oil futures rising to 1%

Thursday, July 9th, 2009

Following the 7-week minimum in oil futures rising by 1%. Remaining, however, slightly higher than 60 or 61 $ /barrel. WTI and Brent, respectively. In the U.S. auction ended differently change indices (± 0,1%). Yesterday began the regular publication of quarterly reports of companies, which in the near future and will depend on the prospect of the U.S. stock market. European markets on Wednesday showed 1.0 - 1.5% decline the stock exchange indices. Asian markets at today's auction show divergent trends, the index of Nikkei - -1% as of 9:50 Moscow time.

Among the expected news - the consumer price index in Germany, the rate of the Bank of England (expected to remain at 0.5%), seeking benefits for the unemployed (United States). We look forward to the opening of tenders close of yesterday's closing levels, during the day the players will make an attempt at improving the game.

Company EPFR Global notes record inflows into emerging markets funds in the second quarter. After a week of space, flows into EM funds resumed. In late June, investors have seized another 37 billion dollars of cash funds and sent a portion of funds in the Emerging Market Equity Funds, US Equity Funds and High Yield Bond Funds and Balanced Funds. Click to continue »

Industrial metals on the London bid has rvanuli down

Thursday, July 9th, 2009

Europe

Index Old World, on average, fell by 1,1%, despite the statistics and neutral analysts attempt to present the situation through rose-colored glasses. Began reporting season is definitely nerviruet investors.

America

indexes finished the day of the New World with multidirectional spread of -0.2% to 0.2% on the background of the message of redemption Kasaks U.S. toxic assets worth $ 40 billion

Yesterday, Alcoa opened a season of accountability: the company received a loss in the second quarter, which amounted to $ 0.47 per share (analysts predicted $ 0.38), but why all the talk about the company in a positive manner, substituting the total loss per share loss from continuing activities (although, perhaps I could get in the figures, suggesting that the overall loss compares with a total loss, but not any more). Actually in this I am inclined to consider the data received rather negatively. Especially confusing barely concealed intention to issue a wishful thinking.

raw materials, currency, etc.

Industrial metals at auction in London rvanuli sharply down - the high volatility seen last three days. Click to continue »

Today the Russian market is expected to multidirectional change quotations, with a probability of growth

Thursday, July 9th, 2009

Intrigue persists: oil close to $ 60 per barrel (using, thus, to reduce the figure for the double peak), the MICEX index Breaks upward trend (but no support for the Breaks 860-870 points), the American indexes have tried to decline, but completed yesterday bidding virtually zero change and otrisovali long shadows of the lower supports (apparently, against the backdrop of a successful deployment of its U.S. Treasury bonds). Russia, the market yesterday, although it showed reduction, but opposed him, how he could, and shut down far from the minima. Thus, while the sellers do not have enough forces, and open long positions continue to hold, in spite of everything - which means that today we can see a rebound up quotations.

However, we would recommend to use the rebound to close long positions, since the ambient background continues to be negative (this is once again confirmed yesterday's data on euro area GDP, which fell in the I quarter at 2.5%).

Today

The world's leading markets closed mixed on Wednesday: German DAX -0,56%, Britain's FTSE -1,12%, DJIA 0,18%. Asian markets this morning, mostly down, with the Japanese Nikkei225 losing -1.38%. Futures on the S P500 grow at 0.57%.

Pair EUR /USD is in the € /$ 1,3933, while USD /JPY - in $ /#165; 93.16. Gold is $ 913.03 per troy ounce, silver - $ 12.90 per troy ounce, Copper - $ 4,855, and nickel - $ 15,080 per metric ton.

Yield for UST-2, 0,93; for UST-10 3,33.

Oil Prices in the last 24 hours have fallen by $ 1.31 to $ 61.12 a barrel varieties Brent.

So, today we are waiting for multidirectional changes of quotations on the securities market with the likelihood of their growth.

Today, at 11.00 GMT in the UK be a meeting of the Bank of England rate (expected to remain at 0.5%), and 12.30 GMT in the United States went on the number of primary applications for unemployment benefits (Initial Jobless Claims) .

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If oil prices fall below $ 60 a barrel, on the Russian market may start another wave of sales

Thursday, July 9th, 2009

All attention to $ 60 for oil

In Wednesday trading on the Russian stock market were very low. Open with gepom down, most liquid stocks traded in the side band, the amplitude of oscillations which did not exceed 0.5-0.7%. Typical for the summer months the calm was interrupted only way out is not very optimistic of the level of commercial oil reserves in the United States. Nevertheless, by the end of the trading market for almost returned to those levels at which traded throughout the day. At the end of the trading the MICEX index fell by 2.4%, RTS index - by 3.7%.

At the tender mood of investors in the United States did not differ much optimism against the backdrop of negative expectations for the reporting companies for the 2 nd quarter. In anticipation of reporting Alcoa market look worse than the paper the metallurgical sector. Also under pressure were the paper the financial sector. At the end of the trading Dow Jones index rose by 0.2%, S P500 - dropped by 0.2%, NASDAQ up 0.1%.

External background at the opening of the Russian market mixed. Japanese Nikkei falling to 1.1%. Chinese Shanghai Composite is growing at 0.4%. Oil brand Brent traded around the mark of $ 61.1. Futures on the U.S. S P500 grow at 0.4%.

Today, we expect to see the opening of the Russian market with a small gepom down the reduction of oil prices. Under the pressure of the paper may be oil and gas sector, as well as banks on the background of weakening of the ruble. Oil remains the main determinant of the movement of the Russian market. As we wrote previously, the immediate support of the oil is at a point in $ 60, and in the case of Perforation it, we can expect the beginning of the next wave of strong sales in the Russian market. Now to determine the medium-term dynamics of the market the most interesting accounts of U.S. industrial sector for the 2 nd quarter. In the event that the losses of companies are not significant, as analysts awaited correction in global venues might. Thus, while we recommend that you refrain from shopping at the Russian market, despite the attractiveness of current levels, and closely monitor the mood in the global trading floors.

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