August 26th, 2009

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The growth of consumer confidence in the U.S. ran a 3% fall in oil prices, the level of 1130 points on the MICEX index and remains unresolved

Wednesday, August 26th, 2009

U.S. consumer confidence index in August after two months of decline has demonstrated rapid growth. Published values (54.1) was significantly higher than the expected 47.9. Thus, after two months of decline, the main indicator of U.S. consumer sentiment began to move in general terms with other macroeconomic indicators, indicating recovery in the U.S. economy. Left yesterday as data on prices of houses provided additional support to the stock markets.

However, plyusovavshy more than 1% immediately after the release of statistics, the American stock market finished the day more than a modest plus (S P500 0.24%). Even more interesting situation in the oil market - as soon as quotes for WTI futures rose to $ 75, immediately followed by the sale, set back futures more than 3% down. Active selling of oil was partly played on Russia's market in the last minute exchange session, not allowing the MICEX index to close above the local maximum of 1130 points. Today, after falling at the opening of trading forward to resuming attempts to pass the specified mark.

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Kommersant: Early will

Wednesday, August 26th, 2009

National Bank plans to ban early withdrawal of bank deposits and oblige banks to pay interest on foreign currency deposits in UAH. Bankers National Bank of Ukraine supported the initiative, expecting that their implementation would reduce the pressure on the hryvnia.

However, experts fear that such innovations further undermine confidence in the banking system and lead to further reduction of the flow of deposits.

Last week, the National Bank issued a draft resolution of the NBU Board, approving changes to the Regulations on the procedure for opening and closing of accounts in local and foreign currencies and the Regulation on the procedure for Ukrainian banks deposit transactions with corporations and individuals. The document states that the bank's depositors have no right to require termination or early implementation of the Bank's liabilities under the contract of bank deposit (deposit).

For example, if the investor wants to terminate the deposit agreement, the bank does not act on the requirements of the depositor. In the case of a ruling the new rules will apply not only new but also in the deposit agreement.

The National Bank noted that drafted a decree to bring their legislation into conformity with the adopted 27 July by the law On peculiarities of action on the financial health of banks. Executive Director of the National Bank of Ukraine on Payment and Settlement Systems Viktor Kravets explained that the document should help banks solve the problem, which arose a year ago.

The problem stems from the fact that the inverted conceptual approaches to this issue - the official said .- If a bank deposit, it must be made on a special term noncallable withdrawal.

Unlimited use money you can from your current account. As a result of competition of banks with each other, they have introduced instead of duplicating the current deposit accounts. To eliminate this leapfrog, we have prepared such an order. Banks, which are charged high interest rates on current accounts in the guise of deposit will be forced to eliminate such products.

Recall that in the midst of crisis, bankers resented early withdrawal of deposits and asked the regulator to take action to impose such a moratorium. Click to continue »

Russia stock market at the opening of the newly depart downward, and probably again to check the strength level of 1100 points

Wednesday, August 26th, 2009

Russia stock market on Tuesday was in doubt where to move, which affected the multidirectional closing index, the RTS has grown up on 0,82% to 1,103.02 and the MICEX index lost 0.42%, falling to 1,115.85. The negative impact on the shares had a retreat in petroleum quotations from the maximum marks, as well as reduce the Chinese market. Adjustments in the final result has made the opening of American sites in the positive zone, where its role was played by statistic data and the decision by Obama to extend the powers now the acting head of the Federal Reserve Ben Bernanke. Among the outsiders of the market were shares RusHydro, as the company announced the possibility of holding a small additional issue to raise funds in order to eliminate the consequences of the Sayan-Shushenskaya GES. Other news from VTB on the offering price of shares of additional issue of 4,82 penny bank, which almost coincided with expectations, failed to keep the paper from falling, despite the excess of market value by 10%. European stock markets finished Tuesday increased the basic indexes, continuing to set new records this year. Data on the GDP of Germany confirmed the beginning of the restoration of economic revival. As always, not without influence statistic data from America, which pleased investors, as well as the change in housing prices and consumer confidence exceeded expectations, strengthening the belief in the restoration of the world economy. Following the statement by the bank Royal Bank of Scotland's intention to redeem their shares at the UK government at the center of the paper hit the financial sector. Demand was also observed in the securities of telecommunications companies as well as JPMorgan Chase Co raised recommendations of the sector, but advice on mining companies were downgraded because of the significantly gained weight in metals prices, which adversely affected the actions of the sector. Moreover, the negative pressure exerted paper energy companies against the backdrop of falling oil quotations. The price of black gold began to fall after the information came from the American Petroleum Institute on the unexpected increase in stocks.

American share platforms slightly strengthened their position at the top. All the more obvious trend of improvement in the U.S. housing market and rising consumer confidence helped lift the shares of construction companies and retailers. In addition, maintaining the post of head FRS of Ben Bernanke for a second term further encouraged by the bidders, as well as his actions to overcome the bottom of the crisis much appreciated by the market, and the preservation of a given course of the signal for an early economic recovery. Checked the growth of stocks of energy companies fell due to decreasing oil.

Asian stock exchanges today are growing up on the background of American statistics, which increased the confidence of consumers, therefore, particularly in demand shares exporters.

Russia stock market at the opening of the newly depart downward, and probably again to check the strength level of 1100. One of the main targets for the movement will be oil quotas, which seriously subsided during the night, so if they restore our index will go up to 1120, and if the statistics from the outside will again be positive, we can rise even higher in 1140.

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Wednesday, August 26th, 2009

As a result of yesterday's trading in the U.S. Dow-Jones index rose by 0,32%, SP - on 0,24%, Nasdaq - on 0,31%. As a result, the value Dow-Jones reached the level of 9539.29 points, SP - 1028, Nasdaq - 2024,23 points.

stock index of Brazil BRSP BOVESPA IND decreased by 0.61% to 57,421.43 points.

Index of the London Stock Exchange FTSE 100 rose 0.42% and closed at 4,916.8 points. Index of the Paris stock exchange CAC 40 rose to 0.78% and closed at 3,680.61 points. Index of the Frankfurt Stock Exchange Xetra DAX added 0.68% and closed at 5,557.09 points.

value of the Japanese Nikkei has risen so far at 1.43% and amounted to 10,647.39 points.

To date, China's Shanghai Composite index rose to 1,52% and is at the level of 2,960.029 points.

In the World Markets you can read news, reviews and commentaries on the situation in foreign markets.

price of the October contract for crude oil varieties of Light on the New York Stock Exchange NYMEX (Crude) was $ 72.02 per barrel (today at the same time, it was $ 73.97 per barrel), the futures price of Brent crude on London Stock Exchange IPE was $ 71.9 per barrel (yesterday at the same time, it was $ 73.81 per barrel).

At the end of trading on the closing price of ADRs on Russia's actions amounted to:

VTB (Eng) - 2,83, Gazprom (Eng) - 21,75, LUKOIL (Eng) - 52, Nor. Nickel (Eng) - 11,03, Rosneft (Eng) - 6,67, Surgutnfgz (Eng) - 8,61, Mobil TeleSystem (USA) - 44,29, Rostelecom (USA) - 30,59, Vimpelcom (USA) - 14,91, Mechel Steel (USA) - 12,8.

For a change of quotations on Russia and foreign sites, you can follow in the sections stock price and Interactive technical analysis.

today at 16.30 Moscow time in the United States leave the following data:

- Orders for durable goods (Durable Orders) for July 2009. The market expects the growth rate of 3,2%. In the previous month value of the index declined by 2,5%. Click to continue »