October, 2009

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SP: The gap in information transparency Russian companies among the leaders and laggards in 2009, increasing

Wednesday, October 21st, 2009

Standard Poor's notes the increase in the difference in transparency between leaders and laggards, and together with the lack of transparency in the dynamics of the average 90 of the largest Russian public companies in 2009, this conclusion intelligence agencies have made in a joint study with the Center for Economic and Financial Research at New Economic School ( CEFIR), and the results published today in the report Study of information transparency Russian companies in 2009

According to the study, an index of information transparency, which is calculated as the average score of 90 Russia's largest public companies, the study in 2009 was on par with last year, accounting for approximately 56%. In the group of 76 companies that were included in the study as in 2008, and in 2009, the index also remained stable - 58%.

first position in this year took the company OAO Rosneft, with a score of 80% (2 nd place in the last year). Company CTC Media, Mechel OAO, OAO Mobile TeleSystems (MTS), OAO Novolipetsk Steel (NLMK), OAO TMK (TMK) and Vimpel-Communications ( VimpelCom ) also remain in the top ten. After a two-year break in the top ten leaders returned to the company, Rostelecom (9 th). In addition, dozens of companies with the highest level of transparency originated OAO Magnitogorsk Iron and Steel Works (MMK) (3rd place) and JSC Akron (10 th). Standard Poor's also notes that a significant increase in the level of transparency - more than 15 percentage points - Demonstrated Sberbank of Russia and OAO KAMAZ (though these companies and do not fall into the top ten leaders). Click to continue »

Day starts on the next block of output reports, which will determine the mood in financial markets over the next day

Wednesday, October 21st, 2009

Investors surprisingly not in a hurry with shopping

Tuesday on Russia's stock market dominated lateral dynamics of quotations. Having opened with a gap up on the background of rising oil prices, the players resumed their sales across the spectrum of chips. Further dynamics of quotations was mixed. Negative statistics from the United States did not allow Russia to close down the market into positive territory.

At the auctions in the U.S. dynamics of quotations was negative. Investors were disappointed by the fall in producer price index, as well as weak data on the number of started the construction of houses. Positive statements Caterpillar, Texas, and Apple does not become an occasion for growth. Papers commodity adjusted yesterday after rising the previous day.

External background on Russia's market opened mixed. Japanese Nikkei is trading near zero. Chinese Shanghai Composite rising 0.3%. London Brent traded at a mark of $ 76.8. Futures on the U.S. S P500 traded near zero. Currency pair EUR /USD traded at 1.4925.

Today, we expect to see OPPOSITE opening on Russian sites. Yesterday, we expected more pressure buyers, but the market dominated by selling. In fact, now we are seeing a stable profit-taking in the course of the day, many players get rid of securities. Buy only the most optimistic in the hope of the continuation of the commodity rally and growth in developed areas. We are still reserved about the prospects for further improving Russian indexes, and do not see any drivers for the conquest of the regular peaks. Today, in the first part of the day expect moderately negative dynamics of bidding. After lunch, start the next block of output reports, which will determine the mood in financial markets over the next day.

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Board RusHydro considered investment program for 2010 amounting to 98.9 billion rubles

Wednesday, October 21st, 2009

The Board of JSC RusHydro considered the Company's investment program for 2010 amounting to 98.9 billion rubles., It involves putting 1,124 MW: 1000 MW, the first three generating units Boguchanskaya HPP, 65 MW Kashkhatau hydro, 42 MW in the framework of the program of technical re-equipment and repairs, 17 MW of new renewable energy and 2,560 MW at the Sayan-Shushenskaya power plant as part of reconstruction 5,6,4,3 GA (units are listed in order of entries). In the future investment program to be agreed in line ministries and agencies, including the clarification of the sources and amounts of funding and final approval by the Board of Directors of the company.

In preparing the investment program of OAO RusHydro from the priorities of security and safe operation of existing facilities, funding for disaster recovery and reconstruction of the Sayan-Shushenskaya power plant, commissioning the first phase of shore spillway Sayano-Shushenskaya GES in 2010 to start spring floods, enter the first stage Boguchanskaya HPS, noted in the announcement RusHydro.

In accordance with the investment program for 2010 funding for projects of technical re-equipment and reconstruction is planned in the amount of 12.3 billion rubles., reconstruction of the Sayan-Shushenskaya GES - 16,1 billion rubles. Click to continue »

Due to what authorities hope to return the economy to pre-crisis level

Wednesday, October 21st, 2009

Russia will come to pre-crisis level of GDP in 2012, said Deputy Economic Development Minister Andrei Klepach.

He noted that the volume of industrial production and investment can keep pace with this schedule, as well as export volumes which in 2012 can be 30% less than it was in 2008. The newspaper Novye Izvestia questioned whether the expense of what in this case, Russia's economy will return to pre-crisis level.

publication notes that in reality, Russia's economy continues to remain in a state of medium gravity, and well-being industries, which can fall behind schedule recovery - below average.

exports, according to the Bank of Russia in January-August of this year fell by 45.7% against same period last year, according to the forecast of Ministry of Economic Development, and his rapid recovery of power especially not count. Investment in fixed capital, according to the Federal State Statistics Service, for eight months fell by 18.9% over the same period last year, while industrial production from January to September fell by 13,5%. Click to continue »

Analysts: Asian currencies strengthened considerably against the dollar in 2010

Wednesday, October 21st, 2009

currencies of South Korea, Indonesia, Thailand and India will considerably strengthen its position in world currency markets in the next year against growth of economies in the Asian region, quickly recovering from the negative effects of the global crisis, says the agency Bloomberg. In particular, according to analysts, the South Korean won, Taiwan dollar, Indonesian rupiah and the Indian, and Thai baht will get the first 12 places in the ranking of the most powerful currency, Bloomberg on the basis of analyzing the performance of 34 currencies in the world. At the same time, they will demonstrate high growth rates against the dollar - from 2 to 6%.

Asian currencies strengthened against the dollar, even if the local central bank will decide on their sale in order to prevent the negative impact of exchange rate appreciation on the volume of national exports, thereby increasing their gold reserves. One of the main factor in this process will be rapid recovery of Asian countries from the global financial crisis - so that today the values of the indices of share platforms 15 of the 18 countries in the region exceeds the corresponding value of the index of stock prices 500 largest by market capitalization companies in the U.S. Click to continue »

Parliament increased the minimum wage to 669 hryvnia per month to 922 hryvnia per month in 2009-2010

Tuesday, October 20th, 2009

Verkhovna Rada has established with the November 1, 2009 the minimum wage (which now stands at 669 hryvnia per month) 744 hryvnia, from 1 January 2010 - 869 hryvnia, from 1 April 2010 - 884 hryvnia, from 1 July 2010 - 888 hryvnia, October 1, 2010 - 907 hryvnia and from December 1, 2010 - 922 hryvnia.

for adoption in general, of thebill number 4762 (the replacement), sponsored by the deputy Oleg Zarubinsky from the Bloc of Lytvyn, 254 deputies voted for the minimum required 226.

The document also implies an increase in cost of living to 701 hryvnia from November 1, 2009, to 825 hryvnia on 1 January 2010, to 839 hryvnia - April 1, up to 843 hryvnia - from July 1, 861 hryvnia - October 1, and to 875 hryvnia - from December 1, 2010.

For children under 6 years of living wage increases to 632 hryvnia from November 1, 2009, to 755 hryvnia on 1 January 2010, to 767 hryvnia - April 1, 2010, to 771 hryvnia - 1 July 2010, to 787 hryvnia - October 1, 2010 and to 799 hryvnia - from December 1, 2010. Click to continue »

Slowly but surely, the dollar continues to take positions

Tuesday, October 20th, 2009

Thus, the euro-dollar has updated a maximum year, showing a mark 1.4992, and thus struck the last resistance of 1.4960 on its way, being in neprotorgovannoy 1.4960-1.53 zone. However, faster growth is not yet happening, apparently hampered by the fact that the 1.50 mark is a psychological barrier. But we continue to believe that the completion of the approach of growth can be expected only when the euro will show two or more pulsed daily candles (height of 150 points or more). Meanwhile, the euro at the daily charts is growing slowly, but steadily, indicating a struggle, and volumes. Once faith indeces bears in the fact that the euro-dollar will not stop, will be broken, the pair immediately quickly and without volume fly up. In principle, the hope of bears like to eat. Because, on the one hand, all markets are growing absolutely no apparent reason, but on the other hand, no one believes in the longevity of the current optimism. However, this did not prevent oil prices rise to new highs this year, 80.5 dollars per barrel mark WTI.

ECB President Trichet yesterday at a conference this after a meeting with euro zone finance ministers in Luxembourg, has once again expressed concern about excessive volatility in currency markets, meaning, obviously, adversely affect the growth of the euro against the dollar on the economies of the euro area . Click to continue »

In the oil and gas sector, there is no single speaker: Gazprom increases, Rosneft and Lukoil are falling

Tuesday, October 20th, 2009

European markets traded unchanged on Tuesday. Pan-European FTSE Eurotop 100 index -0.09%, Britain's FTSE 100 -0.04%, the German Xetra Dax -0.03%, French Lyxor Cac 40 -0.09%. Quite volatile today, U.S. futures, which react to corporate reports today have reported United Technologies, DuPont, Bank of New York. In the morning futures were raised against the background of positive reports Texas Instruments and Apple, then left in a minus, now are rising again, adding 0.6%. Shares of the second-largest British bank Barclays fell by 4.8% after reports that the national fund of Qatar to sell a major stake in the bank amounting to $ 2.1 billion, this money will be used to purchase shares of the retailer Sainsbury. Sainsbury shares rise by 5.9%.

Oil consolidates at a maximum, yesterday came close to the level of $ 80. Futures in the neutral zone, the spot Brent $ 77, WTI $ 79.61.

In Russia market yesterday repeated scenario. After opening with a gap opened up, profit-taking, Morning gap was closed. Then the market went back up on the background of positive dynamics of American futures. At 15:45 the MICEX index increased by 0.62%, RTS index at 1.36%. Trading volumes 58 billion rubles., Returned to record levels.

In leaders of growth today, shares of fertilizer producers and steel companies. UralKali growing at 3%, Akron 2.4%. In the sector of metal-look stronger action producers of precious metals 3.5% of Polyus Gold, Polymetal 2.2%. In the oil and gas dynamics of different directions, 1.3% of Gazprom, Lukoil -0.1%, -0.1% Rosneft, Surgutneftegaz -0.7%. There is no single dynamics and stock banks. -0.2% VTB, Sberbank of 1.2%.

Today is the Board of Directors of Svyazinvest, which can somehow clarify the future of the reorganization of the holding. Stocks telecom react until reduced. Rostelecom morning again grew by 10%, but now in the red. SPC -2.4%, -2.4% Sibirtelecom, Uralsvyazinform -2.2%.

Today, many corporate reports and important statistics on the housing market. At 16:30 there are data on the number of bookmarks of new homes and building permits.The abundance of news, we guarantee the closure of high volatility and large volumes. Predict the same dynamics are still virtually impossible. Resistance level remains a mark of 1400 points, which did not submit. If the data and reporting will be good, then perhaps we will repeat yesterday's evening rally, and we can pass the level of 1400 points.

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Three leaders of the contest Best Private Investor 2009 holds the position

Tuesday, October 20th, 2009

Already on the third day of the contest Best Private Investor 2009 leaders were able to increase the size of the investment portfolios of nearly three-fold. The most popular strategy is still an intraday trade the most liquid instrument of Russia's stock market - RTS Index futures.

first place in the standings continues to hold robot_parasite. Yesterday he made more than seven thousand of deals that brought him 283.64% return. Its assets are futures on the RTS index, shares of Gazprom, Lukoil and Sberbank, as well as contracts for the dollar.

With a small gap from the leader goes by the pseudonym party dettier, which continues to demonstrate success of the contract on RTS index. Following yesterday's profitability of its operations since the start of the competition was 270.73%.

third place overall still holds robot_ ch, who also works only with the RTS Index futures, making the transaction volume of 3.5 contracts. The yield of its portfolio on Monday increased to 90,59%.

more detail the statistics of the contest can be found at Best Private Investor 2009.

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Overview of the oil market for 19.10.09

Tuesday, October 20th, 2009

Dynamics

Quotes of the oil market on Monday, October 19 jumped in price to a new annual maximum to a mark of $ 80 per barrel against the backdrop of the fall of the dollar in the currency market FOREX, and also because of the positive trend of the stock markets and adjacent areas.

At the New York Stock Exchange NYMEH cost of the November futures for U.S. light crude rose by 1.08, and its price, therefore, amounted to 79.61 dollar per barrel.

The exchange ICE in London, Brent crude futures price rose 0.78 to 77.77 dollars per barrel.

Causes

On Monday, October 19 quotes on the market of black gold have jumped in price to a new annual maximum to a mark of $ 80 per barrel, by demonstrating with an eight in a row closing on a positive territory against the backdrop of the fall of the dollar in the FOREX market because of growth in risk appetite, based on the optimism about the prospects for reviving the global economy, but also because of the positive trend of the neighboring markets, namely the rise in prices for precious metals and equity grounds, which are updated yearly peaks due to unexpectedly high earnings for the quarter and 3 reported that the economy has recovered and can strengthen the financial system, the part of regulators (Dow Jones industrial average - 10092.19, Nasdaq Composite - 2176.32, SP 500 - 1097.91). Click to continue »