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20 million unemployed have been victims of the global crisis

Wednesday, January 20th, 2010

 

At least 20 million people worldwide lost their jobs as a result of the economic crisis, which began in March 2008. These figures are contained in the report released yesterday by the International Labor Organization (ILO). In the EU were 6.1 million unemployed people. In the U.S. unemployment rate for the first time in the past 26 years has exceeded 10% and now stands at 10,2%. Moreover, the crisis in the labor market has not yet reached its bottom, in contrast to financial and economic crisis.

In Russia the number of unemployed citizens registered with the employment service, as at 9 December 2009 amounted to 2 million 56 thousand people. Last week the number of unemployed citizens registered with employment services increased by 0,7%. However, still almost 500 thousand people are projected vice-premier Alexander Zhukov, Russia, may be dismissed in the near future. According to the official forecast of Ministry of Economic Development, registered unemployment in 2010 will amount to 2,2 million people. Nevertheless, Russia remains one of the lowest levels of official unemployment - 7,6% of the economically active population, which is comparable with Germany. Click to continue »

European stocks rise on Monday, Stoxx 600 is close to the maximum from October 2008

Tuesday, October 20th, 2009

European stocks rose on Monday, Dow Jones Stoxx 600 rose during trading on 1,5%, its value is close to its highest level since October last year, reports Bloomberg.

Oil traded above $ 78 a barrel, and on this background, growing stock quotes, oil companies. Paper Shell went up by 2,4%, Total - on 1,5%.

Support for European equity markets on Monday also has a positive outlook for Nomura analyst quarterly reporting of U.S. companies. Experts say that Nomura, the results of U.S. companies for the third quarter largely surpass forecasts of experts, which should support the rally in U.S. stock market before the end of this year.

I remain bullish sentiment, - the head offices of European shares Pali International Ltd. in London, Chris MakGeyl. - Stock markets continue to move up.

share price National Express Group Plc, Britain's largest operator of bus and rail transport, has jumped in trading on 9,9%. The company announced that it received a preliminary proposal for the merger of its rival, Stagecoach Group Plc, under which shareholders of National Express can get more than 40% of the combined company.

National Express intends to carefully consider the proposal, but is not going to give up plans to raise funds through placement of shares.

Cost

Stagecoach shares rose by 0,3%.

Paper Nestle, the world's largest producer of food products, rose in price by 3,9% against the backdrop of improving analyst at UBS recommendations for the company's shares to buy from neutral. Click to continue »

Deposits of legal entities - Market Overview

Monday, October 19th, 2009

19.10.2009 at 10:30 am on the deposit market for legal persons was recorded following situation.

For the contribution 50000,00 UAH offers banks fluctuate in following ranges:
For 1 month - 4.00% - 21.50% per annum, while 21.50% - Bohuslav;
At 3 months - 7.50% - 22.00% per annum, while 22.00% - Bohuslav, Golden Gate KB;
On 6 months - 10.00% - 23.00% per annum, while 23.00% - Diamantbank;
At 9 months - 10.00% - 23.50% per annum, while 23.50% - Diamantbank;
for 12 months - 10.00% - 24.00% pa , with 24.00% - Diamantbank, Golden Gate KB;
At 18 months - 15.50% - 20.10% per annum, with 20.10% - Expobank;
At 24 months - 14.70% - 20.30% per annum, while 20.30 % - ExpoBank;
for 36 months - 14.00% - 20.60% per annum, while 20.60% - ExpoBank.

most common such proposals:
At 1 month - 14.00% per annum, which is 583.33 UAH per month - offer: Poltava-Bank KB, Porto-Franco.
for 3 months - 10.00% per annum, which is 416.67 UAH per month - offer: Arcade, Inprombank BKD.
At 6 months - 17.00% pa that is 708.33 UAH per month - are offering: CREDIT Dnepr KB, Poltava-Bank KB, Porto-Franco, UPB.
for 9 months - 18.00% per annum, which is 750.00 UAH per month - suggest: First Investment Bank, Expobank.
At 12 months - 18.00% per annum, which is 750.00 UAH per month - are offering: CREDIT Dnepr KB, Poltava-Bank KB, Porto-Franco.
At 18 months - 19.00% per annum, which is 791.67 UAH per month - are offering: Poltava-Bank KB, Porto-Franco.
At 24 months - 14.70% per annum, which is 612.50 UAH per month - offer: Khreshchatyk.
for 36 months - 14.00% per annum, which is 583.33 UAH per month - offer: Kredobank .

;

For the contribution 10000,00 USD offers banks fluctuate in following ranges:
At 1 month - 2.00% - 11.00 % per annum, with 11.00% - Diamantbank;
for 3 months - 4.00% - 12.50% per annum, with 12.50% - Golden Gate KB;
At 6 months - 4.00% - 13.00% per annum, while 13.00 % - Diamantbank, Golden Gate KB;
At 9 months - 7.50% - 13.50% per annum, while 13.50% - Diamantbank;
for 12 months - 7.50% - 14.00% per annum, while 14.00% - Diamantbank;
At 18 months - 7.50% - 12.50% per annum, while 12.50% - Porto-Franco;
At 24 months - 9.70% - 11.65% per annum, while 11.65% - ExpoBank;
At 36 months - 9.00% - 11.80% per annum, while 11.80% - ExpoBank.

most common such proposals:
At 1 month - 7.50% per annum, which amounts to 62.50 USD per month - offer: INDEX-BANK , Kredobank.
for 3 months - 10.00% per annum, which amounts to 83.33 USD per month - offer: Agrocombank, Porto-Franco, UPB.
At 6 months - 11.00% per annum, which amounts to 91.67 USD per month - offer: Agrocombank , Delta Bank, Porto-Franco, UPB.
At 9 months - 11.50% per annum, which amounts to 95.83 USD per month - offer: Delta Bank, First Investment Bank, Porto-Franco.
for 12 months - 12.00% per annum , which is 100.00 USD per month - offer: Bohuslav, Delta Bank, First Investment Bank, Porto-Franco. Click to continue »

Most Asian markets fell on Friday on fears of worsening corporate profits

Friday, October 16th, 2009

Most Asian stock markets fell on Friday on fears of worsening corporate profits, as LG Display expects lower prices for its products, including LCD screens, and reporting Goldman Sachs and Citigroup has disappointed some investors, reported Bloomberg.

composite index of Asia-Pacific region MSCI Asia Pacific fell 0.7% in opening trades - up 119.66 points. Growth of the indicator since the beginning of the week is 0,8%. C of the March wage index gained 70%.

Japanese Nikkei 225 index dropped to 0.09%, Australia SP /ASX 200 - 0,5%. Hong Kong Hang Seng added 0.1% after the rapid growth of the market value of Chinese oil companies caused by rising oil prices.

Investors are hesitant to enter the market because of doubts about the justification of current quotes, but the steady growth of profits can increase their confidence, - said the representative of ABN Amro Private Banking Daphne Roth.

results of the South Korean LG Display, the second largest producer of LCD screens in the world, for the third quarter were worse than analysts' forecasts. The company's shares fell 4.4%.

price of securities of the largest Japanese bank by market capitalization value of Mitsubishi UFJ Financial Group Inc. fell by 3,5%. Sumitomo Mitsui Financial Group Inc. reduced the capitalization of 2,5%.

Cost securities

leading Japanese brokerage Nomura Holdings fell by 1,1%. Click to continue »

Forex - results of the day

Friday, October 16th, 2009

Dow Jones (Dow Jones) the New York Stock Exchange rose 47.08 points (0.47%) and closed at 10062.94. NASDAQ Index (Nasdaq) rose 1.06 points (0.05%) and at the level of 2173.29. Index S & Pi 500 (SP 500) rose to 4.54 points (0.42%) and at the level of 1096.56. Yield 30-year U.S. government bond is 4.313 (increased from the previous closing on 0.038).

index of the Frankfurt Stock Exchange Ksetra DAX (Xetra DAX) fell 23.37 points (-0.40%) and at the level of 5830.77. Index of the London Stock Exchange Futsi 100 (FTSE 100) fell 21.33 points (-0.41%) to close at 5234.77. Index of the Paris Stock Exchange, BTB 40 (CAC 40) rose to 1.16 points (0.03%) and at the level of 3883.83.

After falling to a mark 1.4842 euro /dollar again rose above the level of 1.4900 and stabilized near the 1.4930 mark. Dealers noted that the dollar remains under pressure due to increased demand for risky instruments, short-term fixation of the financial result for the short dollar positions did not affect significantly the overall trend. Currency Australian dollar /U.S. dollar after falling to 0.9149 marks established some level of 0.9200.

course gold has adjusted to the mark 1046.10 dollars per troy ounce, it is almost twenty dollars below the current maximum. At the same time the oil price in New York reached a level of 77.84 dollars per barrel, which is the highest since October last year.

Consumer Price Index (CPI) in the U.S. for September was 0.2% per month (the forecast was 0.2% for the month, -1.4% for the year, the previous value of 0.4% for the month, -1.5% per year). The consumer price index excluding prices for food and energy (SPI excluding food and energy) in the United States for September was 0.2% per month (the forecast was 0.1% per month, 1.4% for the year, the previous value of 0.1% per month, 1.4% for year).

index of business activity of the Federal Reserve Bank of New York (NY Fed Empire State manufacturing index) in the United States in October amounted to 34.6 (the forecast was 17.8, the previous value of 18.9). Click to continue »

U.S. indexes rose on Wednesday, Dow Jones reached the mark in 10 thousand points for the first year

Thursday, October 15th, 2009

U.S. stock markets finished the auctions on Wednesday after an increase in the rise in stock quotations from Intel and JP Morgan, as well as record the weakening dollar and rising oil prices, reports Bloomberg.

As a result of the auctions the index Dow Jones Industrial Average reached a mark of 10,000 points for the first time since October last year.

Quotations of futures on Thursday morning showing a slight increase: December contract on the SP 500 was added 8:38 to 0,009%, and Dow Jones - 0,020%.

earlier reported that the Corporation Intel, the world's largest manufacturer of computer processors, up to the III quarter 2009 has exceeded forecasts of Wall Street: its net profit amounted to 33 cents per share, compared to an average forecast of analysts of 28 cents per share. According to Intel, the current quarter will also be good for her, and the company raised the forecast earnings for this period to $ 10.1 billion, plus or minus $ 400 million, though analysts gave an average forecast of only $ 9.5 billion

bank JPMorgan Chase Co. for the third quarter 2009 increased its net profit in 6,8 times. As reported in the press release of the bank, its net profit in July-September totaled$ 3.588 billion, or $ 0.82 per share, compared with $ 527 million, or $ 0.09 per share, received for the same period last year. JPMorgan Revenue rose to $ 28.78 billion from $ 16.088 billion analysts polled by Bloomberg, predicted a net profit of the bank at $ 0.51 per share on revenue of $ 25.13 billion Respondents Thomson Reuters estimated earnings on average of $ 0.52 per share .

Intel and JP Morgan - are the two leaders of the economy, so that if the largest producer of semiconductors and the largest bank record improved performance, it has a positive impact on the economy, - considers the chief judge for the Securities Market in the New York-based Federated Investors Inc. Click to continue »

European Stoxx 600 index on Wednesday reached a maximum for the year

Thursday, October 15th, 2009

Stock indices in Europe increased on Wednesday against the backdrop of good reporting for the third quarter of U.S. companies Intel and JPMorgan Chase Co., profits that exceeded analysts' expectations, reports Bloomberg.

composite index of the region Dow Jones Stoxx 600 rose from the opening of trading on 2% and reached a maximum of 3 October last year. Since March the minimum rate has jumped by 56%, resulting in a ratio value of the shares of an index for the projected profits increased to 47 times, which is close to its highest level since June 2003.

Profits for the third quarter positive surprise - the analyst of ING Investment Management Vincent Yuvins. This is a good support for the stock market. We think that the lowest point for profits is already behind us, - he added.

world's largest manufacturer of computer processors Intel in July-September net profit was at 33 cents per share compared to an average forecast of 28 cents per share. The company believes the current quarter will also be good for her: the forecast revenue increased to $ 10.1 billion, plus or minus $ 400 million, while analysts gave an average forecast of only $ 9.5 billion

bank JPMorgan in the third quarter increased its net profit in 6,8 times. It was $ 0.82 per share on revenue of $ 28.78 billion analysts polled by Bloomberg, predicted a net profit of the bank at $ 0.51 per share on revenue of $ 25.13 billion Respondents Thomson Reuters estimated earnings on average, $ 0 52 per share.

On

good reporting Intel shares grow high-tech sector in Europe. Thus, the market quotations of the region's leading chip maker STMicroelectronics rose by 2,7%, the second largest sector, Infineon has increased the capitalization of 3,6%. Click to continue »

The dollar is falling in anticipation of statistic data from the eurozone and the U.S., the yen becomes more expensive

Wednesday, October 14th, 2009

dollar exchange rate to euro falls on Wednesday morning in anticipation of positive statistic data from the euro zone and confirm the continued weakness of the U.S. economy.

Yen rises in price against the euro and the dollar lower against the Japanese stock market and fears of deepening deflation in Japan, reports Bloomberg.

euro was worth $ 1.4879 at 9:32 on Wednesday to $ 1.4854 at the end of the previous session.

Rate

single European currency fell against the yen this time to 132.53 yen against 133.26 on the end of the session on Tuesday.

The dollar has fallen in price to the Japanese domestic currency to 89.07 yen at 9:32 on Wednesday against 89.71 the previous day.

Industrial production in the euro area rose in August to 1.2% after declining by 0.3% in July, forecast analysts surveyed by Bloomberg. Click to continue »

Forex - in the European session

Tuesday, October 13th, 2009

index of the Frankfurt Stock Exchange Ksetra DAX (Xetra DAX) fell 11.98 points (-0.21%) and at the level of 5771.25. Index of the London Stock Exchange Futsi 100 (FTSE 100) rose by 3.64 points (0.07%) and is located at the level of 5213.81. December futures on the index of S & Pi 500 (SP 500) on Globex (Globex) rose by 0.8 points and is 1072.3. Opening of the American stock indexes are now expected to top.

The euro /dollar rose in European session, more than 100 points and reached a level of 1.4873, the highest since August 2008. Despite the low value of the index of business expectations in Germany at the market there is high demand for riskier assets. There is an increase in prices for oil, gold, increased rates of Australian, New Zealand and Canadian dollar.

course gold has now reached a new record high of 1068.40 dollars per ounce. Australian dollar rose to 0.9124 marks, the highest since August 2008.

The euro /pound rose today to the level of 0.9409. Pressure on the pound has, in particular, today's low value of the index of consumer prices in the UK.

price of oil in the mode of electronic trading in New York rose by 1.03 dollar to the level of 74.30 dollars per barrel.

This week, investors' attention will be directed to the publication of financial statements of major American companies for the third quarter. Click to continue »

The stock market of Russia began the conquest of the next week with the annual peaks due to the closure of shorts and external positive

Tuesday, October 13th, 2009

Russia stock market opened the week with another conquest of annual summits of indices due to the closure of shorts and the external positive - increased world stock exchanges, and oil.

As a result of trades on Monday, the MICEX index rose to 1,357.44 points (3.77%), RTS index - to 1428.06 points (4.08%), core chips have risen in price on the stock exchanges in 1,2 -- 6,5%.

RTS Index futures exceeded the asset base of 14.4 points, indicating that a moderately positive attitudes of players.

increases in the prices Gazprom shares (6.2% on MICEX), VTB (RTS: VTBR) (4%), Lukoil (RTS: LKOH) (2,6%), Norilsk Nickel (RTS: GMKN) (5,5%), Rostelecom (RTS: RTKM) (1,2%), Rosneft (RTS: ROSN) (2,5%), Gazprom Neft (RTS: SIBN) (3 , 8%), Surgutneftegas (RTS: SNGS) (4,4%), Tatneft (RTS: TATN) (4,3%), Polyus Gold (RTS: PLZL) (3,2%) , Sberbank Russia (RTS: SBER) (3,6% ordinary and 5,5 'prefecture).

European stocks on Monday added more than 1%, and the rise of the indices started trading in the U.S. (18:45 to growth was 0,6-0,7%).

support from Europe on Monday had a record of the Dutch consumer electronics manufacturer Philips, which showed a net profit for the third quarter when the expected loss (second quarter, the company has also been profitable, despite the expected loss). Positive results have contributed to measures to reduce costs and less significant decrease in revenue than expected. Philips net profit in the third quarter totaled 174 million euros compared with 57 million euros for the same period last year, analysts expected a loss of $ 41 million euros.

Petroleum rises in price on expectations of increasing demand for energy as the restoration of the world economy after the recession, as well as a weaker dollar (euro exceeded $ 1.48). The rise in oil prices accelerated after the Singapore Government to increase the economic forecast.

Price

November futures contracts for WTI crude oil to 18:45 on Monday was $ 73.94 per barrel (2.4%).

According to a senior trader IR Maxwell Capital Michael Molodova, skyrocketing stock market of Russia is due to the effect of the forced closure of shorts who opened long enough (for example, in late September).

The market is now not only is overbought, but does not match the price of reality. The price of shares in Rosneft, for example, is only 10% below historic highs, when the price of oil was above $ 140 per barrel WTI, but now it is in the area $ 70 per barrel. The situation is quite funny, this game is usually quickly ends with a sharp reversal. Take off the market was reinforced by the pension money, has also played its role as the influx of Western speculative investments. But this speculative inflows as quickly comes and goes, any negative message can topple Russia shares, and then the market will be the leaders in the fall, - he said the agency Interfax-AFI .

All of the maximum target for the correction of the fall in June and July of this year, haslong been achieved, the market is overbought, the risks of going wild . We need to fix profit, selling stocks and even think about opening short on many papers. Theoretically, turn can be very painful, the RTS index could easily slide into the area of 1000 points , - M. Young.

Such opinion of the managing company assets Pilgrim Asset Management Igor Kissel, who remarks that the rise of the market in recent days was required influx of Western capital since early October and closing short positions, the players who put on a downward correction.

Since October, celebrated the flow of money from Western foundations, which had preferred not to enter the market and wait for another wave of decline, but now have decided not to miss the chance to do something this year. Secondly, it triggered a technical factor, but namely the closure of shorts (the largest of their volume was observed in the Savings Bank and Subsidiaries'), which raised the market last Friday and Monday. The wave of purchases would subside in the afternoon, but appeared positive external background which has kept downward correction. In general, Considering the appetites of buyers in the next couple of days, the probability of a reversal of the market down less than the opportunity to see the stock price even higher, - he said.

Traders said

IR Uralsib Capital Valentina Yegorova, the stock market rose after Europe and the oil, which feed on talking about inflation rally amid expectations of further weakening of the dollar.

is also still a lot of asset managers who have nedoinvestiroval means and missed the rally of shares, and not waiting for the mythical correction. The market, of course, locally overheated, a correction can be lightning fast, but hardly very profound. The 10-15% of the market may prosest, but he still remains at a fairly high level. While looking up - he added.

Head of the stock control of the Moscow branch of the bank Vadim Smolensky Khloponin also notes that most players tend to purchase rather than to the correction.

Global investors' optimism, high saturation of the liquidity of credit institutions, as well as traditionally blessed for the domestic market factor - rising oil prices - these are the main reasons for the rally at domestic sites. Click to continue »