March 6th, 2010

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AMC investigating unjustified increase in prices for light petroleum products

Saturday, March 6th, 2010

Antimonopoly Committee of Ukraine has decided to prosecute and conduct an investigation in connection with the unjustified rise in prices for gasoline and diesel in January this year, the IMC said the press-service agencies.

According to Acting Committee Chairman Alexander Melnichenko, a decision was taken on the preliminary analysis of the situation on the markets of petroleum products nationwide. He informed that he had charged to investigate and determine how such an increase in prices for petroleum operators, that is the case, is justified.

According to A. Melnichenko, during January, world prices for gasoline and diesel fuel, particularly in European markets grew by 8% and 7% respectively. In Ukraine, meanwhile wholesale prices for high-octane gasoline rose by 9.1% on low-octane - by 10,5%, diesel fuel - by 6.2%, while retail prices - 11%, 12% and 14% respectively. Click to continue »

Posted in Main News | No Responses »

Forex Asia

Saturday, March 6th, 2010

index of the Tokyo Stock Exchange Nikkei (Nikkei) has grown by 6.98 points (0.07%) and closed at 10205.02. Yield of 10-year Japanese government bonds is 1.330 (increased from the previous closing on 0.015). Index of the Hong Kong Stock Exchange Haeng Seng (Hang Seng) fell 21.78 points (-0.11%) and is located at 20100.21.

the Asian session, a decrease in the willingness of investors to take risks. Consequently, the pressure proved courses riskier instruments. In the forex market has information on that UK regulators may forbid investors to execute transactions in which loans are taken currencies with lower interest rate, such as the yen or the dollar, and bought for them witha high exchange rate, such as the Australian and New Zealand dollar .

As a consequence, the market experienced the closure of long positions in these instruments. Pressure on the Australian dollar has also reduced the probability of increasing the basic interest rate in Australia this week.

This week, investors" attention will be directed to the meetings of central banks in the eurozone, Britain and Australia. An important event called the next day"s speech team member of U.S. President Obama Volcker in the U.S. Senate, during which he will present the management plans to the White House to reform the banks.

on Friday will be published survey data of the labor market in the U.S.. Expected to increase in the number of jobs.

Today is scheduled for release the following data:

at 07:45 GMT - index of industrial prices (PPI) in France in December (forecast 0.1% for the month, -3.0% for the year, the previous value of 0.2% for the month, -4.5% per year);

at 08:45 GMT - business activity index (PMI index) in Italy in January (the previous value of 50.8);

at 08:50 GMT - business activity index (PMI index) in France in January (54.7 forecast, the previous value of 54.7);

at 08:55 GMT - business activity index (PMI index) in Germany in January (53.4 forecast, the previous value of 52.7);

at 09:00 GMT - business activity index (PMI index) in Europe (16) January (forecast 52.0, the previous value of 51.6);

at 09:30 GMT - an index of business activity (CIPS manufacturing index) in the UK in January (forecast 54.0, the previous value of 54.1);

at 09:30 GMT - consumer credit (Consumer credit) in billions of pounds in the UK in December (forecast -0.50, the previous value of -0.38);

at 13:30 GMT - an index of personal income (Personal income) in the U.S. Click to continue »

Posted in Scenario and forecasts | No Responses »

Higher global inflation and investment risks continue to limit the possibility of growth of quotations, including index MICEX

Saturday, March 6th, 2010

MICEX by 12:00 Moscow time decreased by 0.95% to 1,405.92 points.

better market, traditionally for a period of decline in investment activity last quarter, now look paper "telecom". Ordinary shares of North-West Telecom, preferred and common stock Volgatelekoma and Uralsvyazinform, added the morning of 4,33%, 3,89%, 3,28%, 3,02% and 2,9%.

On Friday, federal media published information that the management of telecommunications holding Svyazinvest in early February 2010 for the first time to discuss the methodology of calculation of exchange of shares of Rostelecom shares of interregional communication companies within the holding.

The worst of the market - possibly under the influence of technical factors - are traded actively cherish last week of paper MRSC of North Caucasus. Their value has fallen after the opening session at 4.20%.

Share Price PIC developers and RTM seems to act out again, released last week about the beginning of the arbitration proceedings at the suit of the Savings Bank to recover with "RTM" and OOO "RTM Lipetsk" to 1,313 billion rubles.

rise in global inflation and investment risks continue to limit the possibility of growth of quotations, including index MICEX from the perspective of the next few weeks.

In the short run, however, information on the planned U.S. leadership on fiscal measures supporting the economy may provide some restoration of purchases on domestic and global equity segment.

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