July, 2009

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Oil prices rising after the major stock sites

Friday, July 31st, 2009

Market United States

In the United States trading day was very interesting. There was enough encouraging data on the labor market. Average 4 weeks the number of applications for unemployment benefits fell to 559.00 thousand, compared with a revised value of the previous week at 567.25 thousand markets reacted very positively to the rapidly decreasing number of secondary applications. In this component, which has a positive weekly trend. Additional acceleration market has given a good corporate reporting. Reporting Motorola surpassed analysts' expectations for the effect of streamlining of personnel. Paper campaigns increased by 9.4%. Quotations MasterCard gaining 3% to the good record. Quotations General Electric became the best performing blue chips, adding 6.9%. On the market there were rumors that the campaign can preserve its banking unit. So much reported Dow Chemical.

At the end of the day the market rose by an average of 1%. S P 500 rose 1.19%. DJIA Index Breaks Through regular and established a maximum above 9100 points.

Further dynamics of U.S. stock market will depend on data on GDP for the second quarter, which will be published today. Analysts suggest that this figure will show a decline of 1.5%. Ministry of Commerce will publish preliminary figures for GDP in the second quarter on Friday at 16:30 Moscow time. It should be noted that it is important not only to the value index and its components. It is for a change in the components can be in understanding the dynamics of the U.S. economy.

Oil

Oil prices rising after the major stock sites. Click to continue »

Today is likely to happen fixation profits, which will return the indices of the Russian Federation to yesterday's closing levels

Friday, July 31st, 2009

The Russian stock market on Thursday, again followed by world areas that have contributed to the growth of the RTS index at 2.83% to 1001.3, while the MICEX index soared to 6.05% to 1046.46.

Oil quotes recovering yesterday after the collapse on Wednesday, the more reassured many of China's Central Bank, saying that is not going to resort to non-market methods to control liquidity. The situation on the foreign stock sites were at least have to rise through the corporate records and statdannym. European stock markets continued to move upwards. Inspiration continue to make corporate communications, this time the results of companies such as BT Group, Alcatel-Lucent and Volkswagen have exceeded projections, which affected the activities of telecommunications and Automobile sectors. Macro-economic data reinforced the optimism of the European sites. Unemployment in Germany has stabilized slightly, remained the same, while the forecast of the deterioration. Indices of the euro: the mood in the business community, consumer confidence, confidence in the economy, confidence in manufacturing and services sector showed a rising momentum, and most of them have also been better than expectations.

U.S. stock markets to support the opening of the world generally upward, but before closing on the market rolled fixation, which led the indices to retreat from intraday highs. In no small measure contributed to the positive on the markets of financial reports as among the most notable were Tyco International Ltd, AON Corp and Motorola Inc. In addition, Goldman Sachs has raised recommendations on the Securities General Electric Co, which additionally priobodrilo bidders. Data on the number of applications for unemployment benefits in general, coincided with expectations, but the decline in applications has been re-enabling information for purchases, for the speedy recovery of the economy. In addition, statistics has helped to increase prices for raw materials, followed by price of mining stocks and energy companies.

Asian markets up today, the reasons lie in the growth of good reporting companies in the region and expensive raw materials. Limiting factor was the ambiguous statistics from Japan, where a growing manufacturing activity beats antirekordy unemployment and a growing base of deflation.

The Russian stock market, closed at the height of optimism the world sites, now falls under the pressure prosevshih overnight U.S. futures. Index MICEX opened yesterday near their marks. If the oil is just as surely grow as yesterday, it is quite possible that some positions would be restored during the day, and the index can podrasti in district 1050. However, the idea for the climb in overseas areas are gradually drying up and the probability that perekuplennaya Europe today can begin to anchor, while the U.S. GDP is published today, which may provide another reason for the upturn. However, the market made yesterday, so today we will likely see a record of profits that will return the index to yesterday's closing levels, and if the statistics do not live up to the expectations, then perhaps we can come down to support in 1020.

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Above Bank European threat of liquidation

Friday, July 31st, 2009

One of the most likely candidate for elimination is the Bank European.

This case said a source at the National Bank. Restore the solvency of the bank is not possible.

Therefore, in the near future may be initiated liquidation proceedings, - reported to the NBU. awaiting the commencement of the liquidation process and in the finuchrezhdenii is unofficially confirmed the bank staff.

Recall NBU has introduced a temporary administration in the European, 15 May, the appointment of a Roman Kudrycka. The interim manager is reviewing the financial condition of the bank, assesses how much funding is needed to put the bank back on its feet. If the owners of the bank is unable to pour the money, and investors interested in buying the bank, no, the National Bank of Ukraine on the basis of the interim report of the Administrator may decide to eliminate, - said a member ofthe National Bank Viktor Kravets.

If the decision to liquidate the bank is approved, the European will be the third finuchrezhdeniem, which did not help the introduction of interim administration. Thus, in late May, began liquidation bank Black, and July 23 - Odessa-Bank.

  

of serious problems in the European talk at the end of February 2009, when the bank ceased to you-plachivat interest on deposits and return the deposit, the period which had expired. However, the management of the bank then assured investors that the time constraints associated with the process of combining the banks European and national standard. Both finuchrzhdeniya, as well as the bank Vladimir, controlled by businessman Paul Borulko.

However, the association finstruktur was not to be completed - in the banks national standard and European was introduced at the same time the interim administration. Click to continue »

Domestic Indexes today should continue to increase, otygryvaya recovery for commodity markets

Friday, July 31st, 2009

With the end of a record in terms of placements treasuries pressure on diminishing liquidity, and capital once again returns to the risky assets. The key factors supporting the stock markets have become corporate records, and improved in anticipation of the publication of GDP U.S. economic expectations. Domestic Indexes after takeoff yesterday at 6% (on MICEX), today, is likely to continue to rise, as they should support the oil price, quotes, which again exceeds threshold of $ 70/barrel.

After a very nondescript week of U.S. indexes turned upward: Dow gained 0,92%, SP - about 1.2%. Corporate reporting and recommendations on improving a number of brokerage houses were the key factors behind the growth of American markets. Because reporting is to provide a smaller than expected loss of Sony, in the way of profits, plus Master Card and a good record Motorolla and Visa. Improving the recommendations by analysts at GE has caused the company to take-off quotations 9,5%

In other news worth noting surpassed the expectations of the results of the auction for seven treasuries, as well as a slowdown in applications for unemployment benefits.

In general, after successfully passing a series of auctions treasuries at a total cost of $ 215 billion, the pressure on the stock market has reached its climax on Wednesday, slept, and again rushed into the capital assets are risky, especially in raw materials. Quotations of oil jumped above $ 70 a barrel, prices for base metals also rose almost 1%,

rally in commodity markets was a major factor podtolknuvshih Asian market to grow. Index MSCI Asia today is growing at 1.3%, thus, for 5 consecutive month closing month in the black. More confidence to investors gives a strong corporate reporting by Japanese companies, the issuance of the last days. At the wave of optimism and the influx of liquidity of Asian investors chose not to pay attention to makrostatistiku that showed unemployment in Japan has continued to climb upward, reaching 6-year-old is already the maximum.

Domestic indices, despite the impressive leap in yesterday's auction, today, must continue to increase, otygryvaya recovery in the market of raw materials. We believe that the growth of the MICEX index of about 2-3% on the day. Quotations of oil soared nearly 5% in New York and has already cost $ 70/barrel, which is a good tool for the Russian oil sector, especially in the context of a good semi-annual reporting companies. In addition, we expect continuing growth in the industry and the banking sector, becoming one of the leaders in the auction in the U.S. and Asia.

From the corporate news is little accountability to Surgutneftegas, which, in contrast with Lukoil and Rosneft, has reduced profits in the second quarter (mostly due to foreign exchange revaluation of huge money in the accounts of the company) to 8 times compared with the first - before 8.5 billion rubles.

In the steel industry is to provide decision Polyus Gold to share profits with shareholders: the half-pay 1.25 billion rubles. dividends, which can be a significant factor in support for the company's shares, shareholders will consider this matter on September 14 and closes the register on 7 August.

In addition, we believe that a good speculative factor for the growth of quotations Norilsk nickel should be the growth of production in the second quarter: it became known as SMC, increased production of nickel at 2.9% of the I quarter (up to 71 000 tonnes ), copper - at 4.1% (up to 100 000 tonnes). Total semester - 143 400 tonnes of nickel (-1.8% in 2008) and 195 507 tonnes of copper (-6%).

In the banking sector on the idea of placing dopemisii shares can demonstrate the rapid growth of VTB. Despite the fact that the price of placement shares will be known only at the end of August, when the current market environment is likely that it will exceed current levels.

In general we believe that during the day positive mood of investors continue, supported by expectations of the output statistics of the U.S. GDP in the second quarter: projections suggest reduction in the rate at 1.5%, but after the collapse of 5% in the first quarter of the market practically equated a slight decline in growth.

Next week (if you do not disappoint on the U.S. GDP) growth appears to begin with. Output on Tuesday of expenditures and income Americans, and statistics on real estate market can support the market, enabling a new wave of growth. Fixation profit is expected at the end of the week, when optimism about the economic recovery come to the statistics on the labor market in the United States, which is unlikely to please the investors.

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SOLLERS and VEB signed a loan agreement for the establishment of automobile manufacturing in the Far East

Friday, July 31st, 2009

State Corporation Bank for Development and Foreign Economic Activities (Vnesheconombank) and open joint-stock company SOLLERS entered into an agreement to open a credit line for the project on the organization of car production in the Far East and the localization of component base for production.

The agreement was signed in the presence of the Russian Federation Vladimir Putin. On the part of JSC SOLLERS document signed between the General Director Vadim Shvetsov, by Vnesheconombank - Chairman of the Board Vladimir Dmitriev.

project, OAO SOLLERS with the participation of Vnesheconombank, to create the first in the Far East, a full-scale automobile production, which will be a wide range of SUV SsangYong, commercial trucks ISUZU spetsavtomobiley and on the basis of FIAT Ducato. The capacity of the future of the enterprise in the first phase amount to 15 thousand cars per year, including welding, assembly and окрасочное production. Click to continue »

In the 1 half of 2009 net profit Dalsvyaz on RAS increased by 24.3% to 1.072 billion rubles

Thursday, July 30th, 2009

Net profit Dalsvyaz in 1 half of 2009 on the RAS increased 24.3% to 1.072 billion rubles, the report says the company. Chitaia profit Dalsvyaz in 1 half of 2008 amounted to 862.5 million rubles.

Revenues Dalsvyaz grew by 12.8% to 6.64 billion rubles, EBITDA - on 11,1% to 2.325 billion rubles. Profitability EBITDA was 35% versus 35.6% in 2008.

In total sales revenue from telephone services vnutrizonovoy was 1.103 billion rubles (growth of 26.9%), local calls - 2.558 billion rubles (growth of 10.5%). Service for mobile radio communication, wire broadcasting, radio, television - 80.14 million rubles (down 4.1%), data transmission and telematic services - 1.937 billion rubles (growth of 28.4%), services, and adherence traffic - 502 18 million rubles (down 23.1%).

Increase revenue from local telephone services to 10.5% due to increases in tariffs in September 2008 and March 2009.

Revenue from cellular services declined about 1 half of 2008 to 19.9%. Click to continue »

Futures on the RTS index today rose by 4.9%, to close on the value of 99 180 items

Thursday, July 30th, 2009

The volume of trades in the main session at the Futures and Options market FORTS was $ 2 000 940 251. Overall, it was concluded 312 636 transactions. The number of open positions in Futures dropped to 2 956 728 contracts for options open interest rose to 2 620 688 contracts. Futures on the RTS index today rose by 4.9%, to close on the value of 99 180 points. The number of open positions in futures on the index was 355 868 contracts. Also increased and industry contracts: a contract on RTS Index - Oil & Gas rose by 2.64%, a contract for the RTS Index - Telecom grew by 14.01%.

The main futures, which looked better than the market today have been contracted to ordinary shares in OAO Tatneft (7.86%), which is also the leader for growth today, the contracts on shares of Russian banking sector and the shares of oil companies. The contract for the ordinary shares of OAO Sberbank of Russia (6.12%), a contract for the preference shares of JSC Sberbank of Russia (5.99%), a contract for the ordinary shares of OJSC Bank VTB (5,75%). The contract for shares in OAO Gazprom has increased by 5.31%, the contract for shares of NK LUKOIL (4.6%). Also among the contracts gained more than 5% of futures on shares of OAO Uralsvyazinform and the contract for the ordinary shares in OAO RusGidro.

Among the foreign exchange contracts was not unanimous: a pair of euro-dollar and euro, the ruble fell by 0.4% and 0.11%. The contract for the dollar-ruble rate increased by 0.19%.

Continued decline in oil contract class Brent, fell by 1.17% to the price of $ 67.70. The contract for silver dropped in price on 0,96% to $ 13.47. The contract for affinirovannoe gold ingots closed in positive zone, gaining 0.13% to the price at $ 932.6.

Since the opening evening session on the RTS index futures rose more than 100 000 items. In the growth of most of the contracts on stocks and commodities. The contract for the ordinary shares of OAO Tatneft has continued to hold the palm of the leaders of growth, gaining by 18.13 Moscow time for 2,45%.

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Power Machines will open a branch in Brazil to work on the electricity market in Latin America

Thursday, July 30th, 2009

At the meeting of the Board of Directors of OAO Power Machines, held on July 27, decided to establish a branch company in Brazil, said the company.

The main objective of establishing a branch - the need for an early withdrawal of OAO Power Machines on the largest electricity market in Latin America, holding on to its largest regional markets for third place in the world. The branch will be located in the city of Sao Paulo.

At present, the company sells a number of major projects in Latin America. Power Machines manufactured and supplied equipment for the hydroelectric power station San Joao in Brazil (two hydroelectric power from 41 MW) hydroelectric power station La Yeska in Mexico (two hydraulic capacity of 375 MW). In addition, in the final stage of construction projects for hydroelectric power station Kileko (two hydraulic capacity of 36.5 MW) and hydroelectric power station La Igeyra (two hydraulic capacity of 77.5 MW) in Chile, as well as hydroelectric power station Los Karakoles (two hydraulic capacity of 65.2 MW) in Argentina. Click to continue »

By the morning of Thursday, most metals have chosen the green area at the same time with a moderate decline in the dollar

Thursday, July 30th, 2009

World stock markets

According to the Ministry of Commerce, the volume of orders for durable goods fell in June to 2.5% - a month earlier growth rate was recorded at 1.8%. At the same time, orders for durable goods, excluding vehicles increased in June as in May - at 1.1%.

released yesterday by a regional economic overview of the U.S. Federal Reserve Beige Book has been very cautious in the assessment of the current situation. In June and July, Economic activity remained weak, particularly bad case of employment in the housing market, demand - evidenced by the survey. Only 4 of the 12 banks responding said at that time signs of stabilizing the economic situation and, rather, can we talk about slowing economic downturn.

Investors U.S. stock market continued on Wednesday hesitant sale, the end of trading session was marked for the major indices moderately declining.

Dow Jones Industrial Average lost 0.29%, settled at 9070.72 point, Standard Poor's 500 reduced 0.46% and dropped to the 975.15 point, Nasdaq Composite declined by 0.39% - to 1967.76 item.

European markets finished the last auction in the positive area.

On Thursday morning, the site of the Asia-Pacific region traded raznonapravleno mainly podrastaya. The favorable news in the region at this time came from Japan: Industrial production in the country rose in June at 2.4% compared to May.

Metals Market

On Wednesday, July 29, at the London Metal Exchange dominated the second day in a row the color red. Bright encouraging news during the day does not go, and the rapid growth in the dollar forced speculators to sell raw materials. Click to continue »

In the time remaining until the end of the session most likely consolidation of the MICEX index at current levels

Thursday, July 30th, 2009

As of 14:51 Moscow time the MICEX index shows steady growth of 3.26%, meaning 1019r.

The largest increase occurs in the oil and gas sector (3.4%), less electricity and rising steel sector (1.8% each).

Index of large capitalization grows at 3.4%, the average market capitalization - on 1,16%, while small capitalization - at 1.2%.

The international reserves of Russia for the week increased by 1% and as of July 24 amounted to 402.4 billion dollars.

The government plans to Russia in 2010 to increase the excise duty on beer by 190% with the previously planned figure.

JSC MTS received a 1 st half of RAS net profit of $ 14.8 mlrd.r. is 39% less than during the same period last year.

OAO Raspadskaya received a 1 st half of RAS net loss of $ 450mln.r. Over the same period last year, the company received a net profit of $ 4.1 mlrd.r.

OAO Surgutneftegaz received a 1 st half of RAS net profit of $ 77.3 mlrd.r., which is 6% higher than a year ago.

OAO Transneft had received a 1 st half of RAS net profit of $ 2.2 mlrd.r., which is 3% lower than last year.

The September crude oil futures traded on NYMEX, rising to 1.2%, trading near U.S. $ 64,11 /barrel. September futures for the SP 500 index, traded on the CME, is growing at 0.8% and traded at U.S. $ 982.5

In the remaining time of the current trading session, most likely consolidation of the MICEX index at current levels.

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