March, 2010

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Cabinet received the court”s decision to suspend the appointment of acting Lutsenko Interior Minister

Monday, March 22nd, 2010

Cabinet of Ministers of Ukraine has received a court order to suspend a government decision on the appointment of Yuriy Lutsenko as First Deputy Minister - Acting Interior Minister.

On

told journalists Cabinet Minister Petro Krupko, reports RBC-Ukraine.

He also noted that the Cabinet of Ministers of Ukraine is preparing an appeal of the appellate court decision. "The verdict is recorded so that the court suspend the orders of the Cabinet to appoint the first deputy Lutsenko, entrusted to him by execution of his duties as minister of public service ... The relationship Lutsenko arisen since the adoption of an act of the Cabinet to appoint his first deputy, and his responsibilities minister . Having the relationship of public service and the relationship continuing. They may be terminated only on grounds prescribed by law on public service. Such reasons as the suspension of the act among the grounds for termination of the Cabinet of Ministers of public service - no, you will not find "- said Krupko.

As reported, 29 Jan. First Vice Prime Minister Oleksandr Turchinov said that neither the government nor the Ministry of Interior has no single ruling of the court, which would suspend the decision of the Cabinet of Ministers of Ukraine on the appointment of Yuriy Lutsenko as acting interior minister. Press Releases from MPs - is another lies the Party of Regions. It1000seems that the arrogant "regionals" want to shift their habits raider to administer. Given this, I emphasize once again that Yuri Lutsenko absolutely legitimate directs the Ministry of Internal Affairs, "- noted a statement Turchinov. Click to continue »

Iceland faces financial exclusion

Monday, March 22nd, 2010

This happened after the government refused to compensate the loss of the island of the British and Netherlands depositors.

between the Icelandic authorities and the governments of Great Britain and the Netherlands, a conflict flares up on the damages suffered by Britain and the Netherlands depositors bankrupt Icelandic internet bank Icesave. The President of Iceland Olafur Ragnar Grimsson said that Britain and the Netherlands have used their influence in the IMF in order to convince the leadership of this organization to stop the allocation of credits in Reykjavik.

In early January it was announced that Iceland has refused to pay compensation to foreign investors internet bank Icesave. The President of Iceland Olafur Ragnar Grimsson vetoed the bill on payment of such compensation. The bill provides that within the next 15 years Reykjavik pay London and Amsterdam about EUR3, 8 billion ($ 5.3 billion) of debt debt ruined the autumn of 2008 the private Icelandic bank Icesave. Thus, each Icelander it would cost EUR12 thousand Amount payable to both countries, is 50% of the GDP of Iceland. Applies to the UK is similar to 700 billion pounds.

President of Iceland announced a nationwide referendum on the question of compensation for the loss of foreign investors, to be held between February 20 and March 6. Such a decision Olafur Ragnar Grimsson had once received a collective appeal to the citizens of Iceland. Under the document signed by almost a quarter of Icelanders who have voting rights. According to a preliminary survey, 62.4% of Icelanders support the president"s decision to impose a veto. Against the decision taken by the President, on the basis of opinion poll expressed 37.6% of Icelanders.

referendum at risk to fail the existing compensation program, with unpredictable consequences for the financial sector, Iceland and the prospects for accession to EU. Government of Great Britain and the Netherlands perceived failure of Iceland to the compensation of a very painful, since they have already paid the losses to its citizens and companies lost money in the1000collapse of the bank Icesave, and are now seeking the return of budget funds from the Government of Iceland. Click to continue »

All of the sale of housing in the United States, supplemented by indicators of profits, were the main cause of continuing the two-day rally on the American stock exchanges

Monday, March 22nd, 2010

Stock market U.S.

All of the sale of housing in the United States, supplemented by indicators of profits, were the main cause of the ongoing two-day rally in U.S. stock markets. Paper Lexmark - the second larges1000t manufacturer of printing equipment and DR Horton - one of the leading construction companies have completed the trading session in the Green Zone rising to 11% by becoming leaders in the SP 500 index. Equities General Electric, in turn, held the lead among the other participants SP 500 index. Growth in sales volume by 25% in the vulgar month sparked the rise of shares Ford Motor Co. up to 2,4%.

European stock market

euro rose in European trading on Tuesday due to a narrowing of yield spreads between Greek and German state bonds in anticipation of the reaction of the European Commission on the financial plan of Greece. The budgetary difficulties of Greece - this is a problem for the entire euro zone, said the country"s authorities on Tuesday, warning that other members of the unit may become a victim of "unprecedented" attack on speculators. The award, which investors demand for buying Greek debt, last Thursday reached the maximum value for the history of the euro - 405 basis points over German government securities.

FTSE-100 1.40 0.03%
DAX 11.26 0.20%
CAC40 7.04 0.18 %

Asian stock market

Asian markets continue to remain positive amid rising prices for commodities and commodity assets, with the support of macroeconomic statistics for the United States. James Hardie Industries NV - the largest shares of the company sales cladding material in the U.S. grew by 3.8% in trading in Sydney. Cnooc - one of China"s largest developer of oil fields has increased by 8,7% in trading in Hong Kong, after the statements of the company"s intention to increase oil and gas production by 28% during the year. Revenue growth research company in the field of computer systems - Itochu Techno-Solutions was the cause of the growth of stock quotes on a 6,9%.

NIKKEI 225 166.07 1.63%
HANG SENG INDEX 28.43 0.14%
SHANGHAI SE A SHARE INDX -6.97 -0.23%
SHANGHAI SE B SHARE INDX -0.53 -0.22%
KOSPI INDEX -10.63 -0.66%

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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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Asian stock exchanges today primarily gain weight

Saturday, March 20th, 2010

European stock exchanges largely due to commodity companies shares closed in positive zone. The focus of the paper were mining due to increased recommendations for securities companies such as Rio Tinto and Anglo American. In addition, prices for metals an1000d oil gained weight rapidly on a background of strong statistics and the retreating dollar. As a result, demand for used paper and power industry, with the exception of the oil company BP, whose profits on the basis of the IV quarter was below the forecast values.

U.S. stock markets on the day note that the confidence growing major indices. Positive role played by analytical units, which increased the ratings on a number of papers from the commodity sector, which has led to the growth of shares of mining and energy companies. In addition, prices for oil and metals favored purchases in the stock markets. Click to continue »

Afternoon drive for purchases on the Russian market for several pougasnet, which may lead to the closure of the morning break up

Saturday, March 20th, 2010

On Tuesday, the Russian stock market finally decided to return to the beaten track the medium-term uptrend. &a1000mp;lt;br />
RTS index soared by 1.9% to 1498.75 points, indexes MICEX and RTS Standard - for 1.21% and 1.39% to 9936.16 and 1436.63 points respectively. Trading volumes remained approximately the same values.

Tuesday favorable scenario, the foundation which was laid trading session on Friday, got into practice. Do not let the market a day earlier to go for a repeat of the recent lows, despite a cocktail of negative factors, optimistic market participants began to prepare for a fair remuneration for work papers. Already in the debut trading was broken neck line reversal pattern "upside the head, shoulders, and at the same time resigned a short-term trend is downward, which will now focus on the movement of punters to 1,485 items on the MICEX index.

emerged growth potential was provided to improve the situation on foreign markets. Despite the fact that the published data on the eve of business activity in industry in several key economies of the world have manifested as increasing inflationary components, investors around the world have focused on the confirmation that the post-crisis recovery is well underway. Fears that central banks will in response to recent macroeconomic indicators hurry to increase rates, along with unresolved issues of sovereign debt, has not had a decisive importance. Attractive price levels after a sharp fall in the previous days on the background of the continuing favorable liquidity conditions were more significant factor that enticed most of the players play on the rebound. In favor of a transition initiative to buyers played and the fact that representatives of the People"s Bank of China for its verbal intervention and the unexpected decision of the Reserve Bank of Australia does not raise interest rates, have demonstrated that monetary authorities are aware of the fragility of the current economic recovery and will not allow it "to strangle".

Domestic market participants, as if fearing to remain in the cold, in the previous days did not dare to make a new "decoupling". But having received a visual signal in the form of take-off of U.S. stock indicators, the weakening U.S. dollar and later followed by higher oil prices to $ 75/barr. sort by WTI, doubts about returning to a trajectory of growth were added to the category of marginal. Increased capitalization of oil and gas companies on Wall Street at 3%, did not leave room for maneuver for those who are still counting on the continued downward movement.

After passing the morning in 1423 points, the game was done, that introduced the market in this format: "nonaggressive fix in case of negative external background and start a new purchase in the event of his improvement." The main guideline was the price of oil, which, after a morning of technical corrections soared to new highs, with the transition in the afternoon session of the newly ebbed, but closer to the auction in the United States once again began to rectify their situation.

The opening session on Wall Street did not spoil such a disposition of forces. Speech by the initiator of the banking reform by Paul Volcker in Congress did not have a "hawk" in nature, besides excellent quarterly reports submitted Dow Chemical, UPS, DR Horton. The report of the latter company, builder number 2 in the U.S., lay on a fertile soil were published after this data for active transactions in the housing market, which led to more optimistic view on prospects for U.S. real estate market in light of disappointing sales data in December. Thus, by the end of the session once again prevailed optimism that bounced quotes the most liquid stocks to new intraday highs.

greatest interest in buying the shares retained by the telecommunication segment (Mic1000ex TLC 3.24%) in anticipation of the upcoming Feb. 3 meeting of the coordinating council of the holding Svyazinvest, which may be named in the coefficients, which will be converted into shares of MRK Paper updated Rostelecom.

idea was present in the coal companies of the Russian stock market in light of recent news about the increase in domestic prices: Mechel (5.07%), Raspadskaya (0.82%), Belon (2.46%). Index Micex MM metallurgical sector as a whole has completed bidding increment of 1.58%

In a spurt of black gold quotations have found their buyers and shares of oil and gas sector (Micex OG 1.58%). Here on the background of the received signal a turnaround market market participants focused their efforts on the weak lately because of uncertainty regarding the preservation of zero tariffs on mined in eastern Siberia oil Rosneft shares (3.64%).
In the run-up performances by Paul Volcker"s plan reform of the financial industry, stock exchange players are in no hurry to fill their portfolios in shares of banks (Micex FNL 1.16%). Also, a few other people at the event were representatives of the shares of the energy market segment (Micex PWR 0.81%).

look at today"s market

On Wednesday, the Russian stock market will do one more step toward their annual highs. Plowed strip of excellent data on business activity in industry in many key economies, published earlier in the week, the day before was supported by positive data on uncompleted deals on home buying and a return to profit builder DR Horton, allowing to extend the U.S. stock indexes rebound from a three-month minimum marks (SP 500 1.3%). One way to keep a positive attitude speech in the U.S. Congress, Paul Volcker, with a detailed plan for reforming the financial industry. The positive closing of trading on Wall Street supported the optimistic mood at the auctions in Asia: Shanghai composite 1.75%, Hang Seng 1.29%, Nikkei 225 0.32%.

On Wednesday morning, futures for U.S. indices continue to move the same course (SP 500 0.11%), playing a favorable report from News Corp and tuning in the positive nature of the impending publication rate ISM services (18-00). If those expectations with respect to the rate in the euro area (12-00) and Britain (12-30) are confirmed, and will not contain negative surprises, the punters have an additional reason as long as "not recall" about the unsolved problems servicing sovereign debt and tightening monetary policy in China. Also some food for thought will present a report on job creation in the private sector of ADP (16-15), which lets us understand how faith is the positive outlook on Friday of data from the U.S. Labor Ministry. Its quarterly reports to be published today, Pfizer, Comcast, Time Warner, and Western Union. In the 18-30 come out traditional oil and petroleum products from the Ministry of Energy of the United States. Data from the API, although negative, did not affect the balance of power in the oil market, which has been updated recent highs (WTI $ 77.17/barr.)

morning thanks to the Russian stock market may be on the MICEX index have 1445-1450 points. Then pull a few purchases pougasnet that may lead to the closure of the morning and break up within 0.5%. However, in the future intraday drop in the removal of local overbought may be re-used for fresh purchases, that the market will return to the old stamps. In general, after fixing above 1,423 points on the MICEX index goal upward motion is located at 1485 points, and there is no reason to revise it. The engine will continue to be oil and gas sector.

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