March 21st, 2010

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Asian shares rise in price on Wednesday on reports of increased sales in the U.S. housing

Sunday, March 21st, 2010

Equity markets of Asia are on the rise in the morning on Wednesday on reports of increased sales of housing in the U.S., reports Bloomberg.

Oil prices fell below $ 77 a barrel due to rising commodity stocks of fuel in the U.S., metals rise in price: the cost of aluminum has increased by 0,7% - to $ 2,127 per ton, copper - 0,7%, to $ 6860 per ton .

preliminary index of the National Association of Realtors USA showed that sales of housing in the U.S. grew by 1% in December after the collapse of 16% in November.

China"s economic growth this year will be no less than 8%, said on Wednesday the chief economist of the State Statistical Committee of China"s Yao Jinyuan. His words were supported by investor interest in shares in Hong Kong and Shanghai.

"We get more and more evidence that the cyclical recovery is taking its course. Macroeconomic indicators support the market" - says an analyst at AMP Capital Investors in Sydney Nader Naeymi. Click to continue »

Lime soul

How can I reduce the “something I do not know that”: no one has not determined how many public servants to Ukraine …

Sunday, March 21st, 2010

Year 2009 First expired, and the WHO with the bureaucracy and is now somewhere "out there". "The power of money" to figure out how you can reduce "then I do not know that": no one has not determined how many public servants need to Ukraine.

From 2008, Ukrainian politicians constantly harp on the need to reduce the state apparatus. During the crisis (and part-t1000ime pre-election) year, these statements become a dramatic shade and have been adopted by presidential candidates. Some of them said that civil servants in Ukraine too much and need to cut.

example, Inna Theological proposes to reduce the number of civil servants by half, because "officials have turned to a new class, the means of production which have pen and paper." Viktor Yushchenko at the end of 2008, called for dismissal of each of the fifth official, but no argument explaining why the need to reduce it so much, to be heard. It did not sound explanation as to why, for example 278 707 civil servants - a lot, and how much they need to be in the result. How to find out "WA", the number of civil servants required the State to fulfill their tasks, no one believes. No precise figure.

He considered me ...

Nevertheless, as ordinary citizens and the officials are confident that the number of civil servants in Ukraine is too large. Starting from 2005 the number of people in the service of the state, annually growing at 3-5% and at the beginning of 2009 was 290 765 people. If we exclude the employees of law enforcement agencies, then, according to official statistics, you get 278 707 people. In the Directorate of Public Service reported that the significant increase in the number of officials in the past year was not. This is a preliminary estimate, official figures for 2009 should declare Goskomstat in the I quarter with. PM

Although now we can recall several high-profile appointments. For example, a new position in the SBU, Viktor Yushchenko, invented specifically for Valery Khoroshkovsky. Or 22 high-level government posts (level up to and including the Deputy Minister), established by the Cabinet.

fairness it is worth noting that last year the government took steps to reduce and senior officials. In particular, abolished the post of deputy heads of some of the Defense Ministry, Ministry of Economy, Gostamozh ¬ service. However, the state apparatus was the Hydra, whose severed head instead of just grew two. In place of the laid off rank and file employees were replaced, and not very ordinary. On average, as calculated by experts in Ukraine is 150 deputy ministers - ten on each ministry.

One of the main arguments in favor of reducing the number of workers in the service of the state, called the exorbitant costs for their content and excessively high burden on tax payers ¬. The question of funding remains an important but not paramount. To do this, have their own reasons.

First, the cunning ones who say that, say, for an increase in the number of ministers or other officials will have to pay extra from the Treasury. As it turned out, it"s not quite true. Each year, developing and adopting the state budget, the government and parliament determine how much money will Ministries, state committees and departments. This is a specific amount, some of which emit in the payroll. For example, in 2009 the needs of the Ministry of Economy has been allocated 240.3 million UAH., Of which the wages of all employees - 117.2 million UAH. In late November, the Cabinet of Ministers ordered a new post of deputy minister of economy. Funds for the salaries of its establishment was forced to allocate the existing wage bill for 2009 that is from above 117.2 million UAH.

According to the explanation of experts to make this possible through the reallocation of funds from within the government. For example, take the money from their own staff. After all, civil servants" pay consists of salary, allowances, allowances for the rank and awards. From this list of mandatory payments to all but the last. According to the employee of one of the departments of the Mini1000stry of Finance, who wishes to remain anonymous, had the size of their premiums amounted to 100% of salary.

"But this year it cut somewhere up to 60%. So, in the amount of ordinary civil servants began to receive less" - complaining about it. A similar situation in the Ministry of Labour and Social Policy. His servants had long lived only on base salary and bonus for rank. And even before the days of the award were not mentioned. In contrast, both the Ministry in May of 2009, acquired the additional post deputy ministers. As a result of the introduction of additional staff in state institutions suffer mostly ordinary workers.

Secondly, to resolve the costs of maintaining public servants is unrealistic so long as the same is the basic approach to determine the appropriate amount. And now it is defined in the manual mode. Click to continue »

Ministry of Industry: In 2009, Russian metallurgists cut steel production by 13.9%, iron - a 9%

Sunday, March 21st, 2010

Index of metallurgical production and manufacture of fabricated metal products for the year 2009 compared to January-December 2008 amounted to 86,1%, including the production of metallurgical production - 86,5%, according to the materials Minpromtorg.

For January-December last year the production of iron ore declined by 8,1% and amounted to 92 million tons of coke production decreased by 14.5% to 27.4 million tons.

In 2009 at the metallurgical enterprises of Russia produced 43.9 million tons of pig iron (-9%), smelted 59.2 million tons of steel (-13.9%). The production of oxygen-converter steel was 38 million tons, representing 97% to the index in 2008, electrical steel - 16.1 million tons (80,5%).

At the same time, there were positive changes in the structure of production: the share of BOF steel and electrical steel in total steel production has increased from 85,7% in 2008 to 91,5% in 2009, the fit of cast billets, obtained with continuous casting - from 73,8% to 81,7%, said Ministry of Industry.

Production of finished rolled steel in 2009 amounted to 50.8 million tons, which is 10,3% less than in 2008.

In the face of declining production is exacerbating the situation in the field of employment. Click to continue »

Subjective fuel

Festive appreciation lubricants and continued after the Christmas holidays. At this time the main reason was the weather …

Sunday, March 21st, 2010

Festive price hike of fuel and lubricants, and continued after the Christmas holidays. At this time the main reason was the weather. The market is becoming less predictable and less dependent on objective factors.

Last month liter of the popular high-octane gasoline increased by almost hryvnia. Back in mid-December, according to consulting group "A-95", it was priced at 6.95 hryvnia per liter, and the Catholic Christmas overcame mark seven hryvnia. Then there were three sharp jump, and a liter of fuel is costing motorists almost eight hryvnia.

Roughly the same happened with diesel fuel. If at the end of last year it was possible to buy an average of 6.38 hryvnia per liter, then the first week of January - is already at 6.47. The surge occurred on 21 January, when the cost of diesel rose immediately to 40 cents. Now the national average price of diesel is 6,85-7 hryvnia per liter.

market participants, as usual, nod to world trends and exchange rate fluctuations. "Our price is determined by the market. This is the most complete answer I can give," - said Valery Ryasik, a spokesman for the company "Lukoil-Ukraine", which is Jan. 26 to hike prices of its gas stations. However, according to1000the group "A-95", the cost of oil and petroleum products in the world reached a peak 7-11 January and has now been returned to the level of the end of December. Following this logic, we can expect cheaper fuel in the Ukrainian retail market. Nevertheless, it continues to go up.

Regarding the hryvnia exchange rate, it changed not so much to influence the price of petroleum products. In late December, the dollar was worth about 7.95 hryvnia, to January 20 rose to 8.12 hryvnia on the interbank market. However, after this rate decreased to 8,06-8,07 UAH to the dollar, which corresponds to the end of November.

"I do not think talking about the price hikes of fuel. Rather, a return to the level of October and November after the December sagging prices followed the same behavior of the dollar and oil prices" - the press-secretary of the group Galnaftogaz (a network of filling stations "OKKO) Oles Edge.

However, there are other reasons for price rise, in particular, the weather. Unusual for Ukraine frosts hit on diesel fuel: even his version of the winter in many cases has proven unable to withstand temperatures below minus 20 º. "Some traders stocked up years of diesel fuel in the hope of a warm winter. Consumers were forced to flee from them to other filling, creating a buzz", - says Director of Consulting Group "A-95 Sergei Kuiun, specifying that this explains the price hike of diesel, but not gasoline . Click to continue »

cf5Speculative recommendation on the shares of Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB

Sunday, March 21st, 2010

Norilsk Nickel

Surrounding levels of support: 4,680.00 /4,500.00 /4,450.00
nearest resistance levels: 4,890.00 /5,000.00 /5,100.00

The positive trend in prices for industrial metals contributed to the increase in value of the shares of MMC Norilsk Nickel, the day before. As a result of the day shares added 2.25%, to close better than the market, at the level of 4780 rubles.

External signals before the start of trading remain positive for the shares of the metallurgical sector. The proximity of EUR /USD pair to the level of resistance can change the mood within the day. The immediate resistance for the shares of MMC Norilsk Nickel is the upper limit of the price band (4890 rub.). The closest strong support is the level of 21-day moving average

GAZPROM

nearest support levels: 190.00 /187.40 /186.20
nearest resistance levels: 195.00 /200.00 /204.40

rise in oil prices agains1000t the background of the restoration of EUR /USD pair contributed to the positive dynamics of shares of Russian "oil industry. Papers of "Gazprom" in the course of yesterday"s session were traded at the market level and on the basis of trades added 1,24%, ending the day at 192.21 rubles.

External signals are positive for the shares of oil and gas sector. Brent crude futures on the end of yesterday"s trading on the domestic market added more than 1,5%. In case of change of sentiment on the commodity market during the day sector shares may be adjusted downward. The immediate resistance for the shares of "Gazprom" is the level of 195 rubles. Support during the current session can make a mark 190 rub., At a penetration which will be down to the level of 61,8%-term correction of Fibonacci from the highs of 2009.

LUKOIL

Surrounding levels of support: 1,700.00 /1,680.00 /1,620.00
nearest resistance levels: 1,750.00 /1,780.00 /1,800.00

rise in prices for "black gold" support actions "LUKOIL" during yesterday"s session, following which the paper added 1,52%, closing at 1,711 rubles.

external signals to market oil and gas sector are positive. At the primary sites remain positive mood: futures for Brent crude traded at $ 76 per barrel. The opening of trading in the shares of LUKoil held higher levels of completion of yesterday"s session. The nearest resistance on the shares is at the upper boundary of the price band. The closest support level is the 21-day moving average.

SBERBANK

nearest support levels: 87.80 /86.70 /85.00
nearest resistance levels: 88,50 /90,00 /92,40

In the absence of supporting factors Sberbank during yesterday"s session, lagged behind the market and by the end of the day added 0,41%, closing at 88.05 rubles.

signals before opening the bidding to be positive for shares of the banking sector. Securities traded on the eve of U.S. banks better than the market that can support the sector shares in the domestic market. The immediate support for the securities of Sberbank is the level of 10-day moving average. Resistance for shares will perform once again the level of 88.5 rubles.

VTB

Surrounding levels of support: 7,55 /7,36 /7,31
nearest resistance levels: 7,80 /7,90 /8,00

VTB during yesterday traded at the market level and the outcome of the session was added 1,34%, closing at 7.59 kopeks.

External signals contribute to a positive start bidding. The nearest resistance on the shares of VTB - the level of 7,8 UAH. Next strong support for the papers lying on the boundary of the price band.


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