May, 2010

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Forex - results of the day

Tuesday, May 4th, 2010

Dow Jones Industrial Average (Dow Jones) the New York Stock Exchange fell 53.13 points (-0.52%) and closed at 10067.33. NASDAQ Index (Nasdaq) fell 31.65 points (-1.45%) and at the level of 2147.35. Index S & P 500 (SP 500) dropped to 10.66 points (-0.98%) and at the level of 1073.87. Yield 30-year U.S. government bond is 4,510.

euro /dollar fell to American session and reached a level of 1.3860, a minimum of 9 July 2009. The depreciation contributed to the present series of positive economic data in the U.S.. After them, market participants are talking about the fact that U.S. interest rates may be increased earlier than in the euro area.

preliminary index of gross domestic product (GDP) in the U.S. for the fourth quarter of 2009 at an annual rate was 5.7% (forecast was 4.5%, the previous value of 2.2%). The index came out much better than forecast and reached its highest level since 2003.

index of business activity of the Managers Association of Chicago (Chicago PMI) in the U.S. for January 61.5 (57.0 forecast, the previous value of 58.7). This figure is of great importance before the publication of index of business activity at the national level, which is scheduled for Monday.

final consumer sentiment index value of the University of Michigan (Michigan sentiment index) in the U.S. for January 74.4 (73.0 forecast, the previous value of 72.8). This index also went better than expected and reached a maximum level over the past two years.

supported the dollar has decline in oil prices. Today the oil price during trading in New York fell to 1.20 dollar to the level of 72.44 dollars per barrel.

euro /franc soared during the auction in America to the level of 1.4755. The market rumors that the Bank of International Settlements on behalf of the Swiss National Bank bought euros against francs. Click to continue »

Higher oil prices can support the shares of oil and gas companies and the Russian market as a whole

Tuesday, May 4th, 2010

On Friday, the Russian stock market is again falling on the background of the negative dynamics of commodity exchanges and the continuing concerns about the financial stability of several European countries: RTS (-3.55%), MICEX (-2.88%).

Shares of oil and gas became cheaper under the pressure of falling oil price: Gazprom (-2,3%), Rosneft (-3,5%), LUKOIL (-2,7%). Among the papers of the banking sector suffered the largest fire-sale shares of VTB, depreciating by 4.5%, Sberbank of paper fell by 2,0%. Shares of steel companies look worse than the market: Severstal (-5,5%), NLMK (-5.4%), MMK (-3.4%).

On Friday, U.S. stock indices closed in the positive range. Increased demand was the action of high-tech companies. The published statistics on the labor market was mixed, and virtually no influence on the course of bidding. Asian stock market indicators today, mostly falling on a background of weak corporate reports - in particular, investors disappointed with the financial results of the Panasonic and Casio. Oil prices are now adjusted after a sharp fall on Friday. A barrel of Brent crude oilfddworth $ 70,1. In the metals market also observed the positive dynamics.

We estimate that morning"s background is more positive for the Russian stock market. After the fall on Friday, today there is an opportunity for correction. Higher oil prices can support the shares of oil and gas companies and the market as a whole. Today is not expected to be published vital statistics.


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Tuesday, May 4th, 2010

As a result of trades on Friday in the American Dow-Jones index rose by 0,1%, SP - on 0,29%, Nasdaq - at 0.738%. As a result, the value Dow-Jones reached the level of 10,012.23 points, SP - 1066,19, Nasdaq - 2141,12 points.

stock index in Brazil BRSP BOVESPA IND decreased by 1.832% and amounted to 62,762.7 points.

Index of the London Stock Exchange FTSE 100 dropped to 1.53% and closed at 5,060.92 points. Index of the Paris stock exchange CAC 40 fell 3.4% and closed at 3,563.76 points. Index of the Frankfurt Stock Exchange Xetra DAX dropped to 1.79% and closed at 5,434.34.

value of the Japanese Nikkei index dropped to the present time 1,068% and amounted to 9,949.7 points.

To date, China"s Shanghai Composite Index rose 0.04% and is at 2,940.583 points.

In the "World"s Markets you can read news, reviews and commentaries on the situation on foreign markets.

the March contract price for crude oil varieties Light on the New York Stock Exchange NYMEX (Crude) was $ 71.65 per barrel (on Friday at the same time, it was $ 73.4 per barrel), the price of futures on Brent crude on London Stock Exchange was $ IPE 70.091000per barrel (on Friday at the same time, it was $ 72.26 per barrel).

As a result of trades on the closing price of ADRs on Russian stocks were:
VTB (Eng) -4.73, Gazprom (Eng) - 23.76, Lukoil (Eng) - 53, Nor. Nickel (Eng) - 14,71, Rosneft (Eng) - 7,24, Surgutnfgz (Eng) - 8,02, Mobil TeleSystem (USA) - 44.59, Rostelecom (USA) - 27.35, Vympelcom (USA) - 17,2, Mechel Steel (USA) - 19.72.

For change of quotations on the Russian and foreign sites, you can follow in the sections "Quotations of securities" and "Interactive TECHNICAL EXPERTISE. Click to continue »

Transfer of electronic reporting for business entities on a commercial basis will lead to abuse

Tuesday, May 4th, 2010

If the electronic records of business entities will be implemented through the operators, who will forward it to the STA and social funds, on a commercial basis, it will inevitably lead to abuses, said the President of the Association of Employers of Lviv Zenoviy Bermes.

"The advantage of electronic reporting for tax payers is obvious - to reduce the time and money. It is beneficial for the state. Because the process must be done in simple and understandable. The problem is that when the electronic records transferred to a commercial basis, it will be abused. This compromise in general a good thing ", - stressed Bermes.

As explained member entrepreneurs Lviv Yuri Sendetsky, October 28, 2009 carried a letter-explanation of STA of Ukraine that the electronic records must pass through private firms. It turned out that mediators require registration fee for the year in the amount of 960 UAH. In addition to purchase electronic keys. Therefore, business organizations have decided to apply to the STA in Lviv1000region with a demand to restore the opportunity to pass the electronic reporting to the tax authorities directly.

However, not all public authorities have the appropriate software to make statements.

"Now, our own system, allowing business entities to file reports directly to, the Employment Center, like other state agencies, no. Click to continue »

Meat overgrown fat

Ukrainians are losing the chance to remember the taste of natural sausage …

Tuesday, May 4th, 2010

persistent attempts ranching lobby bar the way to the country of import meat yielded results: the supply of raw materials decreased by 20%. For the industry the benefit of this is obvious: the economy began to build up the livestock. But to offer domestic product at affordable prices, farmers are not in a hurry, forcing refiners to postpone the transition to the new "bezsoevye" GOST sausage production until better times.

Ukraine once again started to increase purchasing prices for meat. Only the first three weeks in January prices, according to the agency AAA, increased by almost 14% to 13,5 UAH. per kilogram live weight. For comparison: in November - early December, farmers are not able to exercise raw materials more expensive than 11 UAH /kg. According to analyst UkrAgroConsult Olga Brain, prices continue to rise in the short term, adding a monthly basis at least 5-10%.

price hike production of domestic livestock due primarily to the situation in the segment of imported raw materials. According to AAA, the end of 2009 meat import to Ukraine dropped by 20% - up to 363 tons This reduction of supply - the merit of local ranchers, who for years have made many attempts to thwart foreign suppliers. Although the total blocking imports, which sought to farmers, did not happen, diverse and "nasty things to him," for example, quality control and mass culling of imported meat to Ukraine, the complexity of customs, etc., did their job.

But even those parties that infiltrate across the border, offered already for very different prices. If six months ago, imported raw materials cost by 30-50% cheaper than domestic, by the end of the season the difference was reduced to 10-15%, and in some batches it even more expensive than local products. For example, the German chilled pork sold in the territory of our country from 18 UAH /kg. According to the company AAA, in December last year to 13% more expensive and imported beef: some sellers asking for it more than 19 UAH /kg. The increase in the cost of imported meat to a large extent due to the difficulties in crossing the border. In addition, played a role appreciation of the euro. Click to continue »

“B”: A sculpture by Alberto Giacometti sold for 104.3 million dollars

Tuesday, May 4th, 2010

at auction "Art of impressionism and modernism," the auction house Sotheby `s set a new record price - the sculpture" Walking man I "Alberto Giacometti went for $ 104.3 million, becoming the most expensive artwork ever sold at public bid. For the first time it has become a sculpture, and after the war and sold in London.

So far, the most expensive work of Alberto Giacometti - the sculptor, at the peak of his career vayavshego as thin as a match, the figures - was "Big woman stood II", which was sold in 2008 at Christie `s over $ 27.5 million so that estimeyt in the $ 19-28 million, which put "walked a man I" specialists of Sotheby `s, have already claimed the record. But while Sotheby `s and say now that" this amount reflected the extraordinary importance of this magnificent work, and the fact that it is the only lifetime cast of a cult story, "the hammer price exceeding $ 100 million, of course, was not expecting anyone.

"Walking man I" was created by Alberto Giacometti for the urban area, this explains the unusual size for a sculptor casting - as a man. In 1956, Giacometti, along with Alexander Calder and Isamu Noguchi were invited to create something avant-garde for the Chase Manhattan Plaza in New York. The ambitious project was not implemented, however, Alberto Giacometti in 1961 yet made the two casts, one of which was shown in 1962 at the Biennale in Venice. Second, in 1980 came to a collection of contemporary art of the German bank Dresdner Bank: before she graced the bank"s head office in Frankfurt, and last year walked away with his other assets and art collection to C1000ommerzbank AG, who set her up for sale. Click to continue »