Today, the Russian stock market falls again. Some papers have already adjusted to 38.2% of Fibonacci, such as Sberbank (40r.) and MMC Nornikel (2770r.). Prefy Sberbank pushed to the level of 25Ñ€. MICEX and RTS indexes fell slightly below 1000p. But now they, too, is a small upward correction. It should be emphasized that the current decline in quotations taken place against a background of high oil prices and a neutral American trading futures: in Russia there is no major customer and the situation is under control of speculators, fully using authorized shorts. As we wrote yesterday, from a technical point of view, the RTS index has not reached the goal 1250p. Corresponding to the Fibonacci 38.2% level. In case of continued growth in the oil market - in the coming weeks there is a new wave of purchases of Russian securities. If this happens - is worth paying attention to the blue chips, which are also corrected after last year's collapse of less than 38.2% - for example, the preferred shares of Sberbank. The corresponding data for the purpose of pleadings in this case will make the level of 35r. Authorize and appreciate the story;; 7 users rated material at 4,4. Analyst Ratings
Composite index of Asian shares on Thursday fell to a minimum of three weeks because of concerns about the strength of American economy, which puts pressure on the dollar, reported Bloomberg. Index MSCI Asia Pacific, taking into account the situation in 14 markets in the Asia-Pacific region, with the opening of the market dropped by 1,3% - to 100.74 points. This is the minimum mark of 28 May. With a five-year minimum, recorded March 9, the indicator gained 43%. Japanese Nikkei 225 index dropped to 8:23 in 1.9%, as well as Australia SP /ASX. Investors are using the weak dollar as an excuse to lock the profit, since the value of the shares is over-after the recent rally - said Michiya Tomita of Mitsubishi UFS Asset Management Co. - Any correction will be short as well as managing long-term funds are still sitting with money in anticipation. Quotations securities Honda Motor, receiving more than half of revenue from abroad, declined on Thursday to 3.7%. Shares Mitsubishi UFJ Financial Group cheaper at 3.2%, pulling in the paper of other banks.
Premier Latvia Valdis Dombrovskis described the evolving situation in the country as critical and said that the Government had no choice but to take harsh decisions including reduction of wages, pensions and the closure of schools and hospitals. This time - crucial for our state, and the choices we have are few. Latvia is on the verge of bankruptcy, to escape from which we can only drastically reduce government spending and relying on international borrowing, - said in Wednesday evening statement premiere. According to him, the second best solution would be incomparably more difficult, since in this case would have seriously reduced expenditure budget, and social tension caused by the consequences would be unpredictable. As the prime minister, it is impossible to imagine a policy of good will reduce pensions, salaries, closing schools and hospitals. But when the situation in the country is critically serious, as now, the Government had no other choice, no alternative, - notes Dombrovskis. According to him, the decision dalis difficult and was also heavy for him personally.
European stock markets fell with a few breathing throughout the day, steadily closed down. Once again, distinguished as negative - the financial sector, after it became known to reduce the Standard Poor's credit ratings on 18 U.S. banks. At the corporate shares of the metallurgical industry had been pressing corporate news from several companies, which included the negative forecasts for operating losses. In addition, the situation in the commodity areas not conducive to the strengthening of positions of energy companies, although by the end of the session oil quotes had grown up through the data on stocks of black gold in the United States, which declined in excess of expectations. U.S. stock closed down the site on Wednesday multidirectional movement of the index, but without much change. Macroeconomic data were again little optimistic, since consumer prices rose less than forecasts, and balance of payments deficit has exceeded expectations. The decision of Standard Poor's downgrading of credit ratings on 18 banks dovlelo over financial institutions.
Net profit of JSC Rostelecom for 2008 under IFRS rose to 12.182 billion rubles in 2007, the company's net profit stood at 2.806 billion rubles. At the net profit generated mainly due to financial items, influenced sales of Rostelecom 10.97% stake in Golden Telecom to VimpelCom $ 463.8 million, - says the record company. the company's revenues for 2008 increased by 3,1% and amounted to 66.629 billion rubles. Revenues from core business Rostelecom - services and international communications - declined by 3.7% to 48.143 billion rubles. Revenues from international calls fell by 7.4% to 29.611 billion rubles. Revenue from outgoing international calls fell by 1.9% to 12.082 billion rubles. Proceeds from the incoming inter-communication has increased by 13% to 6.45 billion rubles. Expenses decreased by 2.9% to 59.809 billion rubles.
Among the Russian stock indexes began to decline with a negative dinamki world stock sites, which then increased the pressure desheveyuschey oil: RTS (-4.05%), MICEX (-5.46%). Sale of shares of oil companies were due to declining oil price: Gazprom (-8,0%), Rosneft (-5,7%), Lukoil (-4.3%). Papers of domestic banks looked slightly worse than the market: Sberbank (-6.6%), VTB (-5,7%). Shares of steel companies desheveli under market trends: CMI (-5.9%), NLMK (-5.9%), Severstal (-4.9%). On Wednesday U.S. stock indices closed raznonapravleno not change significantly. Negative factor that influenced the course of bidding, was the decision to downgrade the rating agency SP ratings of 18 American banks. In Asian markets today, there has been predominantly negative trend. Oil prices, after the publication of data on fuel stocks grown in the United States began to decline, but the threat of disruption of oil supplies from Africa due to armed conflict in Nigeria supported oil futures. Barrel of oil brand Brent worth more than $ 70,5. According to our estimates, this morning's background is more negative for the Russian stock market. To share the financial sector is likely to have a pressure rating agency SP decision to downgrade the ratings on 11 Russian banks. Against the backdrop of higher oil prices better than the market might look like the paper oil and gas companies. From the statistics that can affect the course of today's trades are the index of leading indicators in the United States and data on the U.S. labor market. ВидеоверÑÐ¸Ñ comment Authorize and appreciate the story;; 2 users rated material at 4,5. Analyst Ratings