July 22nd, 2009

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Forex - results of day

Wednesday, July 22nd, 2009

Dow Jones (Dow Jones) the New York Stock Exchange rose 67.79 points (0.77%) and closed at 8915.94. NASDAQ Index (Nasdaq) rose 6.91 points (0.36%) and is at the level of 1916.20. Index S & P 500 (SP 500) rose by 3.45 points (0.36%) and is located at 954.58. Yield 30-year U.S. government bond is 4.373 (has fallen over the previous closing on 0.093).

index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) has grown by 63.82 points (1.27%) and is at the level of 5093.97. The index of London Stock Exchange Futsi 100 (FTSE 100) rose by 37.55 points (0.85%) and closed at 4481.17. The index of the Paris Stock Exchange BuyThisBook 40 (CAC 40) rose by 31.95 points (0.98%) and is at the level of 3302.89.

After

recovery up to 1.4274 euro /dollar fell to 1.4162, and the closure of the day has stabilized in the mid-formed band. Rate euro /yen down from 134.47 to 132.38 marks, but the closure of the day was established near the 133.30 level. Dealers noted that under conditions of rather low activity in the forex market behavior rates significantly correlated with the sentiments in stock markets.

It should be noted that some pressure on risky instruments has contributed to a statement by the U.S. Federal Reserve Chairman Bernanke, who said that unemployment in the United States will remain at a high level until 2011. This, in turn, will negatively affect the level of consumption, which is an important factor in economic recovery.

Managing Board of the Bank of Canada decided today at its meeting to keep the basic interest rate in the country unchanged. Click to continue »

Among the potential favorites today - Paper MMC Norilsk Nickel and the financial sector

Wednesday, July 22nd, 2009

On Tuesday, the Russian market continued its growth against the backdrop of favorable global environment preservation: RTS (1.6%), Moscow Interbank Currency Exchange (1.7%).

On the background of strengthening the upward trend in world energy markets, shares of oil and gas sector look better than the market: Gazprom (2,0%), Lukoil (2.7%), Rosneft (2.0%), Surgutneftegaz (4.3% ). Shares of banks, on average, grew in the general trends: Sberbank (3.1%), VTB (1.4%). The steel sector was once again among the leaders of growth, the expectations of increasing profits in the third quarter: Severstal (6.8%), CMI (4.2%), NLMK (3.2%).

Tuesday upward trend in U.S. stock markets were smooth continuation: stock indicators, on average, gaining around 0.5%, better than other stocks look to oil and gas. Asian stock indexes today in the morning is also traded in the positive range on the expectations of corporate earnings growth. Conditions in commodity markets remains favorable: Oil futures had grown up to the level of $ 65-67, copper rose to a maximum value since October last year.

According to our estimates, a morning background again more positive for the Russian stock market. Among the potential favorites for the coming day, we point out the paper NorNikelya and the financial sector.


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Poland ceded to Gazprom the right to determine tariffs for gas transportation

Wednesday, July 22nd, 2009

Representatives of the Polish shareholders in the company EuRoPolGaz agreed to implement the principle of unanimity in the adoption of important decisions of the company, which will allow the Russian side to establish the desired rates for gas transportation Polish territory.

According to Gazeta Wyborcza, the Russians have made the appropriate consent from the Polish side during recent talks in Moscow late last week.
The newspaper wrote with reference to its sources, that the representatives ofthe Polish Oil and Gas Company PGNIG, which, like Gazprom, owns 48% of the shares EuRoPolGaz, agreed unanimously to approve other than tariffs, as the annual plan of the company and major investment.

publication said that Gazprom has sought the approval of the principle of unanimity in the decisions of the board since 2006.

Today in the composition of EuRoPolGaz composed of two representatives of PGNiG and Gazprom, and in case of failure to address a simple majority of the casting vote with the representatives of Polish companies. Click to continue »