September 29th, 2009

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Dollar exchange rate has risen - a morning review of cash markets

Tuesday, September 29th, 2009

29.09.09 condition at 10:00 the Kiev Banks and Items of currency exchange (CEMs) are most often purchase 1 USD at the price of 8.4400 UAH, that are higher by 1.00 kopecks. than yesterday and the offer price 8.5000 UAH, that are higher by 3.00 kopeks.

Offers

Banks and Brokers to purchase 1 USD fluctuate within 8.3800 - 8.4600 UAH.

best offer to buy 1 USD at this time set in the following Banks and Brokers:
8.4600 UAH - Synthesis;;
8.4550 UAH - EUROBANK;;

Offers

Banks and Brokers to sell 1 USD fluctuate within 8.4600 - 8.5500 UAH.

best offer on sale of 1 USD at this time set in the following Banks and Brokers:
8.4600 UAH - Finbank MRC;;
8.4750 UAH - Synthesis;; Arsenal;; EURO; ;

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Today, most Banks and Brokers kept buying and selling rate of 1 EUR to the level of yesterday. Buying rate was 12.3500 UAH, sales - 12.5000 UAH.

Offers

Banks and Brokers to buy 1 EUR ranging 12.2000 - 12.3700 UAH.

best offer to buy 1 EUR at this time set in the following Banks and Brokers:
12.3700 UAH - EUROBANK;; Poltava-Bank KB;; Pivdencombank KO;;
12.3650 UAH - EURO;;

Offers

Banks and Brokers to sell 1 EUR ranging 12.4300 - 12.6000 UAH.

best offer on sale of 1 EUR at this time set in the following Banks and Brokers:
12.4300 UAH - EUROGASBANK;;
12.4500 UAH - Aktiv-Bank;; EUROBANK;; Gold Gates KB;; INDEXBANK;; Financial Initiative;; Unexbank;;

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Today

Banks and Brokers most often bought 10 RUB costs 2.7500 UAH, that are higher by 5.00 kopecks. Click to continue »

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Today Russia's market seems to continue to grow, playing improved sentiment in the U.S. and a small rebound in oil prices

Tuesday, September 29th, 2009

Russia on Monday the market opened in negative territory against negative dynamics of the Asian indices and traded below $ 65 a barrel on the futures Brent, but once again demonstrated already becoming familiar in the last session of the resistance and the afternoon turned up, but towards the end of the session left in plus against the background of pronounced growth in the U.S. sites. As a result, the MICEX index rose 1.71% to 1 208.19 points, the RTS index 1.9% to 1 248.73 points.

Among the sectoral indices showed the highest increase of Engineering MICEX MNF: 4,56%, the main contribution to growth made by KAMAZ shares (13.76%), to renew the motion in the alleged price of the previously announced transaction to acquire 13% stake in automaker Rostehnologii Troika Dialog. In liquid growth areas fairly evenly, somewhat better than the market's oil and gas sector index MICEX OG 2,42%, showed the largest increase in common shares of Surgutneftegaz (4.81%), recovering from an aggressive profit-taking, which took place during the past week. Financial MICEX FNL 1,98%, favorite sector became VTB shares (4.05%). No change in the power situation (MICEX PWR 1,26%): leader of the sector remain shares of FGC UES (4.58%) and IDC Holding (4.42%).

U.S. indexes rose on Monday for the first four sessions, and once compensated for most of the losses last week (DJIA 1,28%, SP 500 1,78%, NASDAQ 1,90%). The main driver for optimism were a number of major mergers and acquisitions - the restoration of investors perceive the market as an important confirmation that the economy and financial markets has gone from an extreme trajectory returning to normal operation. However, the local moment of truth for the U.S. market, apparently, comes after the publication of corporate reports for the third quarter - the first reports come out this week, and if they confirm the positive signals that the market saw in macroeconomic statistics recently, the optimism may have some time to remain in vogue.

Expectations for today: Russia's market yesterday again pushed away from the bottom of the short-term uptrend and today, apparently, will continue to rise, playing improved sentiment in the United States and a small rebound in oil prices.

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Kolomoysky received an offer from Russia

Tuesday, September 29th, 2009

Novolipetsk Steel (NLMK, Russia) is in talks with the group Privat Igor Kolomoisky for redemption, controlled by him Alapaevskii Metallurgical Plant (Sverdlovsk region). Initiative supported by Russia's Novolipetsk Metallurgical power. We are negotiating with NLMK that they are all over and bought the plant. For them, this core assets, - said Deputy Prime Minister Anatoly Gredin Sverdlovsk region.

In the group Privat until the negotiations are not commented. In particular, the first deputy chairman of Privatbank Timur Novikov assured that the details of a possible sale of Russia's metallurgical enterprises of it are not yet known.

Russia also claims that the only stumbling block in negotiations on Alapaevsk plant today is the question of price. Ukrainian shareholders as soon as the discussion comes to prices, inflate it in two or three times, - notes Gredin.

Today, analysts estimate Alapaevskih metallurgical plant a maximumof $ 10 million Such a low price of the company due to the fact that since 2005, as we are assured the local authorities, the plant is practically not working. In addition, the company is unable to work with a high level of profitability due to outdated equipment.

However, the reluctance

Privata Alapaevskih metallurgical works to sell at the market price can be explained by the specifics of the enterprise. The plant produces ferroalloys. And this is a market that is strategic for business Privat in recent years. So, today in Ukraine the group is virtually a monopoly among manufacturers of raw materials. Group Kolomoiskiy controlled Zaporizhia and Stakhanov Ferroalloy Plant. Click to continue »

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Probability of sanctions against Iran becomes a new asset bulls in the oil market

Tuesday, September 29th, 2009

end of the fiscal year

Given the positive in world commodity and stock markets, today one can predict the opening of Russia's stock market in the green zone. Growth indices at the opening should be approximately 1%. Probability of sanctions against Iran becomes a new asset bull market for oil. However, we do not think thatoil prices will leave our forecast corridor 65-75 per barrel. Start ESPO at the end of the year becomes a local positives for Rosneft, which will become a major exporter of raw materials in an easterly direction. However, we reserve the cold attitude to the papers of Transneft, because of low corporate governance. We also believe that, despite known problems with the budget, the state is unlikely to reduce its stake in the pipeline monopoly. Today Novorossiysk Commercial Sea Port will issue its financial results for the first half of 2009 under IFRS.

Completion bidding will depend as usual on American statistics. Today at 18.00 Moscow time, will be published index of consumer confidence (Consumer Confidence) in September 2009, expectations - 57.0. Tomorrow the part of international investors is completed fiscal year, and it is probable that the outcome of tomorrow's trades they want to draw on Russia's stock market prices are beautiful, of course it is, above all, respect to securities that are included in the MSCI, especially the shares of Gazprom and Lukoil.

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SP: Countries emerging markets will face pressure on credit ratings

Tuesday, September 29th, 2009

Countries emerging markets will face pressure on their credit ratings, as economic recovery remains weak, and government budget deficits are growing, believe in the Standard Poor s.

Our projections indicate as to maintain continuous pressure on the ratings - the agency Bloomberg quotes the words of the managing director of sovereign ratings service SP John Chambers. - Economic conditions remain difficult. The financial situation of almost all governments would be worse than in the previous five years.

budget deficit and government debt levels have grown considerably since the state sent a total of about $ 2 trillion on measures to stimulate the economy after the crisis. The continuing rise in unemployment also mean that income from tax revenues will decline and will require new social spending.

GDP will decline or remain unchanged this year at 75% of the 42 countries with developing economies. In eight countries, including Bulgaria, Hungary and El Salvador, the economy will continue to decline next year, is projected at S P. Click to continue »

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