August 10th, 2009

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European indexes rose on Friday on 0,9-1,7% on strong data on U.S. labor market

Monday, August 10th, 2009

European stock indexes rose on Friday on 0,9-1,7% on strong data on unemployment in the United States, to compensate investors' fears related to the fact that the four-week rally in the stock market is not justified by the prospects of economic recovery, reports Bloomberg.

Unemployment in the U.S. unexpectedly fell in July to 9.4% compared with 9.5% a month earlier, Labor Department data showed the country. Analysts had expected an increase this figure to 9.6%.

number of jobs in the U.S. economy in the past month fell by 247 thousand experts predicted a significant reduction - to 325 thousand

Data from the American labor market has shown that its relaxation is slowed, notes the stock strategist Clariden Leu in Zurich Gregor Mast. This is to confirm the restoration of the economy, - said the expert.

The value of the shares

Logica Plc, provider of computer services, increased by 2.4%. The company increased its net profit in the first half of 2009, four times due to increased sales and reduce costs.

Papers Volkswagen went up by 3.7%. German automakers improved the forecast of sales for the year, noting that government subsidies for purchasers of cars supported the demand. According to VW, Michael Brendela, a reduction of sales in 2009 of 5% compared with the previous forecast of 10%. Click to continue »

Closure of the September contract on RTS index significantly above 108 500 a continued movement to 111 700

Monday, August 10th, 2009

RTS on Friday was not ableto go in plus after the positive statistics of the United States. However, the quotations the majority of Russian liquid shares have managed to significantly podrasti. The growth of prices of shares amounted to 4-4,5% as compared to levels at which prices were before the publication of the data.

helped the growth and some increase quotations oil contracts. However, the closure of oil still proved negative. Unusually for the last time it was the movement in the currency market. Previously, when the positive statistics of the dollar began to decline, indicating the shift in investor interest in the risky instruments. Ie declining prices of U.S. Treasury securities, the dollar fell. Last Friday with lower prices for government bonds the dollar rose strongly. This could mean a prognostic of the corrective movement in the markets, or that investors are already trying to speculate on the processes of reconstruction, ie in anticipation that the Fed can prevent the market on the likely tightening of credit policy. The latter seems unlikely. Therefore, the next piece of good statistics could be a factor on which investors will start to record a profit. Moreover, rapid recovery, no one expects a show only on the changing dynamics uhudsheniyayu.

Emerging Portfolio Fund Research reported that from 30 July to 5 August, inflows into funds investing in shares of the Russian Federation and CIS countries amounted to $ 45.1 million influx of capital into funds investing in shares of the Russian Federation and Commonwealth of Independent States, as from 1 January on August 5, 2009 totaled $ 739 million According to the EPFR, a week before the August 5, emerging markets funds have attracted $ 1.6 billion against $ 2.9 billion a week earlier.

The inflow of funds into funds of emerging markets of Asia in the week fell to $ 872 million from $ 1.6 billion a week earlier. Investment Funds GEM (funds, investing in all emerging markets), attracted $ 425 million, double the lower level of the past week - $ 906 million

Levels of resistance and support for today, August 10.

Term contract for the RTS index of execution in September:

Closing significantly above 108 500 a continued movement towards 111 700. Next resistance - 114 500. feasible, if the ambient background helps.

The level of support for today - 108 450 (106 300).

Level Resistance - 111 700 (114 700).

RTS

- support for 1078, 1034;

- resistance 1095, 1124.

GAZPROM

- Support 171.2r.; 168.9r.;

- 174.5r resistance.; 178.9r.

GMKNN:

- Support 3430r.; 3240r.;

- resistance 3570r.

Company:

- Support 1584r.; 1571r.;

- resistance 1656r.

Rostelekom:

- Support 159.7r.; 156.1 r.;

- 163.1r resistance.; 165.9r.

Rosneft:

- Support 201.3r.; 196.5r.;

- 206.6r resistance.

bank on.

- support 46.50r.; 43.00r.;

- 49.80r resistance.; 50.70r.

Sberbank etc.:

- support 27.75r.; 26.73r.;

- 29.70r resistance.

Surgutneftegas:

- support 24.85r.; 24.50r.;

- 25.80r resistance.; 26.10r.

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Ukrainians chose money from the economy

Monday, August 10th, 2009

Ministry of Economic Affairs stated in July atypical dynamics of monetary aggregates - money supply decreased by 0.5 billion UAH, while the cash hryvnia has less to 1.4 billion UAH. Withdrawal of treatment hryvnia experts explain the high demand for currency by the population and the actual ban on the issuance of credit. Despite the possibility of the NBU to issue 85 billion UAH, bankers expect reducing the money supply and, consequently, the persistence of high rates of fall of the economy.

Minister of Economy Bohdan Danilishin on Friday reported on the site of the Ministry that one of the factors of low inflation in July was atypical dynamics of monetary aggregates. The money supply during the month of July decreased by 0.5 billion UAH, or 0,1% (in January-July - to 43.5 billion UAH, or 8,4%), while cash in circulation - to 1.4 billion UAH, or 0,9% (in January-July - to 3 billion UAH, or 1,9 %),- said. In previous years, the money supply in Ukraine during the summer had a positive momentum with an average growth of 0,8-1,5% per month.

main reason that experts call the people buying the currency. Greater demand for dollar impact on the monetary indicators, - noted the Head of the analysis of financial markets, ING Bank Ukraine Alexander Pecheritsyn. Population in July bought a record $ 2.545 billion, while the balance of interventions NBU in the Interbank was negative - $ 1,121 billion We have the impression that people in anticipation of the fall devaluation bought dollars on all the money that they were - said director of the treasury of one of the largest Banks .- This provoked a premature easing of hryvnia. Reducing the rate of money supply was, in most countries of the world, but now in developed countries, this situation is beginning to change, - noted the director unit of The Treasury and Capital Markets Alfa Bank Andrey Bobyshev.

Andrew Bobyshev confident that the growth of monetary indicators in Ukraine to resume lending. Problems hindering the re-start the credit, bankers are divided into economic and administrative. Click to continue »

At the end of Friday the MICEX index was 1115.41 item, which is 2.14% above the closing level of the previous trading day

Monday, August 10th, 2009

Foreign Exchange Market . On the basis of bidding the dollar in the calculations Today has increased by 40.89 kopecks. (1.3115%) to 31.5873 rubles. the dollar. Bidding opened at the rate of transaction 31.4000 rubles. the dollar. During the trading day the participants entered into the transaction in the interval 31.3900-31.7646 rub. the dollar. Last transaction is concluded at the rate of 31.5775 rubles. the dollar.

Trades on the dollar in the calculations tomorrow open transaction at the rate of 31.4200 rubles. the dollar. As a result of trades on the MICEX 11:30 dollar settlement Tomorrow The Bank of Russia set the official ruble-dollar rate of 31.5473. During the trading day the participants entered into the transaction in the interval 31.4000-31.7700 rub. the dollar. Last transaction is concluded at the rate of 31.5000 rubles. the dollar. On the basis of bidding the dollar in the calculations tomorrow has increased by 39.12 kopecks. (1.2535%) to 31.5995 rubles. the dollar. The volume of transactions in dollar instruments increased by 18.8% to 9592.9 million, of which 4.914 billion dollars (51.2% of turnover) had to swap transactions.

deals with the single European currency in the calculations today is in the range of 45.0700-45.5030 rub. for the euro. The last transaction was at the rate of 45.5030 rubles. for the euro. On the basis of the weighted average auction rate of the euro in the calculations Today has increased by 40.16 kopecks. (0.894%) to 45.3119 rubles. for the euro. Crednevzveshenny euro rate in the calculations tomorrow was 45.3804 rubles. for the euro (45.9 kopecks. or 1.022%). The last transaction was at the rate of 45.1299 rubles. for the euro. The total volume of transactions in euro instruments grew by 6.58% to 1224.2 million (11.1% of the foreign exchange market).

At the MICEX currency market concluded 7910 transactions on all instruments, totaling 11.029 billion dollars, which is 17.6% more than the previous trading day.

The market for government securities. The volume of trades in the market of public debt amounted to 73228.2 million rubles., Including the amount of secondary trades - 6431.2 mln., The volume of repo transactions mezhdilerskogo - 30302.2 mln., The volume of direct REPO transactions - 24936.2 mln. Value price index RGBI to close - 116.11 paragraph (no change), index of full income RGBITR - 203.53 Point (0.03%), index returns RGBY - 11.68% (no change).

On the secondary market has become a leader in the trading bonds SU46003, on which the transactions took place at 2159.1 million rubles.

yield the most liquid securities comprised: SU25067 - 11.91% (-0.01 percentage points), SU25066 - 11.3% (yield is not changed), SU25057 - 8.95% (-0.28 percentage points), SU25064 - 11.55% (0.01 PM), SU25063 - 11.43% (yield is not changed), SU25065 - 12% (-0.01 percentage points), SU48001 - 10.62% (-1.54 percentage points), SU25061 - 9.35% (-- 0.21 percentage points), SU46005 - 12.16% (yield is not changed).

market shares . At the end of the trading day value of the MICEX index was 1115.41 item, which is 2.14% above the closing level of the previous trading day.

MICEX Oil and Gas Index - 2144,58 (1,658%), MICEX Power Index - 1765,91 (1,009%), MICEX Telecommunication Index - 1194,17 (1,37%), MICEX Metals and Mining Index -- 2823,82 (3,138%), MICEX Manufacturing Index - 1027,98 (0,946%), MICEX Financials Index - 3428,46 (2,38%).

MICEX Large Cap Index - 1817,49 (2,253%), MICEX Mid Cap Index - 1579,12 (1,472%), MICEX Start Cap Index - 2396,35 (1,174%).

leading growth among the blue chips were ordinary shares of JSC VTB, whose price rose by 4.12%. Grew quotes Gazpromneft ordinary shares (3.62%), Sberbank (3.35%), UralSvI-SC (2.92%), GMKNorNik (2.89%), GAZPROMao (2.62%), Rosneft (2.18%), LUKOIL (1.67%), Surgnfgz ( 0.04%).

The volume of trades in the market shares of the MICEX Stock Exchange amounted to 107.54 billion rubles. (3448.89 million), of which 75.24 billion rubles. (2413.1 million) were secondary trades, 32.3 billion rubles. (1035.79 million) - for repo transactions.

market of corporate and regional bond . At the end of the day the trading volume of corporate and regional bonds on the MICEX Stock Exchange amounted to 72.2 billion rubles. (2314.4 million), of which 28 billion rubles. (898.5 million dollars) were in secondary trades, 44.2 billion rubles. (1416 million dollars) - for repo transactions.

Decreased yield bonds RosselhB 7 at 0.46 PM, VTB - about 5 - to 0.33 percentage points, MGor41-on - at 0.31 PM, HCFB-2 - at 0.26 PM , NOMOS 9V - by 0.12 percentage points, VolgogrOb3 - at 0.11 PM No change in revenue bonds MGor59-on, KubNiva 01. Even Mos.obl.6v yield bonds at 0.25 percentage points, MGor58-on - at 0.45 PM

Index CBI CP on the day the item was 88.11, falling to 0.01% on the value of the previous trading day, the index MBI CP - 87.21 item, increased by 0.06% on the value of the previous trading day.

Term Market . The total volume of trades amounted to 0.38 billion rubles. or 10,698 contracts. The volume of open positions - 2,213,346 contracts (U.S. $ 2217.29 million). Futures on USD: the volume of trades - 0.35 billion rubles., The amount of open positions - 2,196,297 contracts (2196.3 million U.S. dollars). Futures EUR: the volume of open positions - Contract 13288 (19.696 million U.S. dollars). Futures on the EUR /USD: the volume of open positions - 112 contracts (0.16 million dollars). MICEX Index futures: The volume of trades - 27.4 million rubles., The amount of open positions - 63 contracts (6.98 million EUR).. Futures on Gazprom: The volume of trades - 0,92 mln., The amount of open positions - 918 contracts (15.95 million EUR).. Futures on the bank: the volume of trades - 0,09 mln., The amount of open positions - 2668 contracts (12.59 million EUR)..

market for grain futures . The volume of transactions amounted to 204.93 million rubles. (40 tons). The volume of open positions - 25.98 million rubles. (5.2 tons).

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In Germany, demand to repeal the tax on coffee

Monday, August 10th, 2009

German coffee lobbyists from Coffee Hunting Association filed a petition to the Bundestag with the demand to abolish the existing in Germany, a special tax on coffee.

Captions by mass treatment will be collected until August 25.

As noted, currently in Germany with each kilogram of roasted coffee beans are charged 2.19 euro tax. To this must be added semiprotsentny value-added tax, as a result of the amount of taxes sometimes exceed the purchase price.

According to Coffee Hunting, this double taxation significantly reduces the competitiveness of German enterprises working trade coffee in the face of foreign companies in both domestic and European markets.

tax on coffee was introduced after the Second World War. Then coffee was considered a rare and expensive drinks, a coffee tax to a certain extent, a tax on luxury. Click to continue »