U.S. indexes sharply recycled up at the opening of trading by encouraging statistics on applications for unemployment benefits, after the first hour of trading went down dramatically, so yes there were. The reason for the change of sentiment served other data - on sales of homes on the secondary market, which fell against expectations. The reduction was observed across the spectrum of securities, as a result of SP fell by almost 1%, Nasdaq at 1,12% and the Dow, which rose in the company's consumer sector, has lost less - 0,4%. U.S. index futures on Friday morning in a small plus.

bad mood in the U.S. market hooked already approaches the end of trading in Europe. Immediately after the publication of statistics on sales of houses traded higher before the closing Dow Jones Euro Stoxx fell by 2% and then play this fall almost could not (closing - minus 1.7%).

Just before the publication of statistics on houses turning point occurred in the global currency market, the dollar began to dramatically enhanced, not slowed down the impact on the state of commodities markets, primarily quotations of oil, which collapsed in 4.2%, roll on the level of the late July. Metals also fell 1.3%, gold would have to re-conquer the top of the $ 1000 per ounce.

Russia market, as usual, responded to all the factors at once. Movement in the currency market triggered the sale, which intensified after 18:00 Moscow time, when it was published statistics from the U.S.. As a result, the MICEX index, traded the second part of the day in positive territory, lost 3% to highs of the day and closed lower by 2,3%, RTS index fell by 1%.

affected all blue chips, except Polyus Gold (1.4%). Survived and a number of energy market of the second and third tier by domestic factors. For example, OGK-5 remained in positive territory at 4.5% in the days after the publication of good data on IFRS for 1 half of 2009: despite a decline in revenues over the period due to lower demand for electricity, the company increased its EBITDA by more than 50% and net profit by 125% thanks to the work on cost. FGC, growing in recent years in anticipation of an early transition of the company to a new system of tariff regulation, which guarantees a return on invested capital (RAB-regulation) added almost 6%.

According to premarketu, waiting for us OPPOSITE discovery: nearly all the mining companies up (morning, oil futures rebounded after falling nearly 1%), financial sector down. Quotes GDR Lukoil, Gazprom, Norilsk Nickel higher prices for local stocks. Starting from 16:30 Moscow time in the U.S. publication of statistics on orders for durable goods, sales of new homes - I think the real data that show the economy recovers or not, and will determine the outcome of Friday all over the world, including Russia.

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former deputy chairman of the National bank Alexander Savchenko told Focus that, for a time the country have enough gold reserves and why the NBU should be very high salaries.

What hryvnia rate is objective, in your opinion?

biggest devaluation (weakening national currency) has been in Russia is 30% (we have, by the way, all 40%). By the logic of economic pragmatism, we must devalue its currency a little more than Russia, because it is our main competitor. They have the same exports - grain, fertilizers, metals, machinery.

During the crisis that would enable our products to become more competitive. That is the course should now be about 6,5-7 hryvnia for one dollar. Of course, the weaker the hryvnia, the greater the profits of exporters. But now they themselves are caught up in the ears of foreign currency loans, and even they would like to have a rational course. The same course provides a fundamental analysis of balance of payments.

In what state are now in reserves in Ukraine? Some people think that they are declining.

They are in excellent condition. We have a good exchange rate structure - a lot of euros, pounds there. Their volume is estimated at $ 27-28 billion, more than enough to cover three months of imports - is a critical minimum. Трудности не с валютными активами, которые, кстати, дают отличный доход. Big problems with the hryvnia assets, which, unfortunately, will leave this year in the big minus.

Some analysts believe that the Cabinet extracts from NBU money by selling bonds goszayma him, in effect, forcing the National Bank to print hryvnia. Then the government to send these funds to cover the social security. Click to continue »