Kyiv City State Administration blames the failure of politicians in paying citizens of tariffs for housing and communal services in July over June, when they raise from 1 June. This is said to journalists, the Acting Chairman of Kyiv City Anatoly Golubchenko. People do not pay just because the policy started a struggle for the presidential elections. If this had not happened - everything would be fine, - said Golubchenko. He reported that the level of payment for zhilkomuslugi on 31 July at 24% or about 73 million UAH, while the total amount of payments for June should be about 360 million UAH. Golubchenko difficult to predict, when a leveling of payments, noting that this happens only when the struggle for the legitimacy of the tariff increase.
Optimists on the Russian stock market more than incorrigible skeptics - it showed a positive opening of the tenders. But obviously, poor people are optimists, because they have enough money to keep the market in the black just before the opening of Europe. Mostly negative bidding in the Old World led to a wave of sales at our sites. After lunch, the domestic stock quotes hanging in the side corridor in anticipation of important macroeconomic statistics. As soon as data on U.S. GDP for the second quarter were published, the market is covered, another wave of sales. We believe that it triggered the emergence of a natural desire of speculators to fix the profit generated by the fact that the rumor of slowing the fall in GDP was a fact. Or many of the bears successfully opened up short in a couple of minutes to important information, and then, despite the fact that the news was better than expectations, the failures of market inertia. We have not yielded to provocation and did not join the panic. We now have more confidence to keep going medium-term position on the blue chips and a popular paper. A speculative part of the portfolio on Monday will begin play under the laws of bovine trend. Authorize and appreciate the story;; 6 users rated material at 4,3. Analyst Ratings
The index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) has fallen to 2.56 points (-0.05%), and is at the level of 5358.10. The index of London Stock Exchange Futsi 100 (FTSE 100) rose by 3.16 points (0.07%) and is at the level of 4634.77. The index of the Paris Stock Exchange BuyThisBook 40 (CAC 40) rose by 2.55 points (0.07%) and is at the level of 3438.04. September futures on the index S & P 500 (SP 500) at Globekse (Globex) rose by 4.1 point at 986.3. Opening of the American stock index today is expected to top. rate euro /yen has grown in the European session, more than 100 points and reached 135.43. Pound /yen has risen by 120 points to 158.53. Dealers noted that investor interest in risky instruments is high, this fact puts pressure on the dollar and yen. Pound /dollar stabilized around 1.6550 marks. Exchange Euro /dollar rose to 1.4151 marks. At the moment, investors focused on the publication of the index of GDP United States for the second quarter. tentative value of the consumer price index (Harmonized CPI) in Europe (16) for July was -0.6% per year (the forecast was -0.4%, previous -0.1% per year). Unemployment (Unemployment) in Europe (16) for June was 9.4% (forecast was 9.7%, revised from the previous value of 9.5% to 9.3%). tentative value of the consumer price index (CPI) in Italy for the month of July amounted to 0.0% per month, 0.0% for the year (the forecast was 0.7% per month, 0.4% for the year, the previous value of 0.1% per month, 0.5% for the year ). Preliminary value harmonized index of consumer prices (HICP) in Italy for the month of July amounted to -0.1% for the year (the forecast was 0.1% for the year, the previous value of 0.6% per year). Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
The largest increase occurs in the financial sector (1.5%), the largest decline - in the oil and gas sector (-0.55%). index large capitalization companies in the red at 0.13%, the average market capitalization - is growing at 0.94%, and small market capitalization - in the red at 0.27%. CBR reports that, in the 1 st half of 2009 the inflow of deposits in Russian banks amounted to 10%, and the amount of deposits reached 6.58 trln.r. Gazprom in the 1 st half got under RAS net profit of $ 169 billion river. against 285.7 mlrd.r. a year earlier. OAO GMK Norilsk Nickel in the 1 st half got under RAS net profit of $ 45mlrd.r. That an order of magnitude higher than that of 2008. OAO Severstal in the 1 st half got under RAS net loss of $ 3.48 mlrd.r. against 22mlrd.r. net profit a year earlier. OAO Sibirtelecom in the 1 st half got under RAS net profit of $ 1.07 mlrd.r. that half the rate in 2008. OJSC Tatneft in the 1 st half got under RAS net profit of $ 34mlrd.r., A 15% higher profit for the 1 st half of 2008. OAO MOESK in 1 st half got under RAS net profit of $ 4.4 mlrd.r., a 23% higher return over the same period in 2008. The September crude oil futures traded on the NYMEX, falling to 0.18%, trading near 66.82 U.S. $ /barrel. September futures for the SP 500 index, traded on the CME, younger at 0.43% and traded at U.S. $ 986.5 By the end of this week, most likely increase the MICEX index within 1% of the yesterday's closing. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
small downward correction after yesterday's growth. We hope that after the GDP data for the U.S. market will continue to rise Today, 16.30 Moscow time will be the most important figures this week - on the U.S. GDP in the 2 quarter. 2009 (estimated -1.5%). That is the actual result will determine the mood of investors in early August, and to assume additional risks and discover new position before leaving the important statistics or bull or bears are unlikely to be. Actually, we are witnessing today and the stock pads that have been adjusted slightly after yesterday'sstrong growth. MICEX index losing about 1%, less than poluprotsenta falling stock indicators in Europe. Trading volume is not high - the participants are waiting for statistics from abroad. Predicting the market reaction to going today on the GDP is problematic - we can see how selling on the fact of the output data (regardless of whether they are better or worse prognosis), and shopping. The only thing that can be argued - the rate of drop in GDP the largest world economies will be lower than the previous quarter (variation according to analysts interviewed by Bloomberg, ranges from -2.9% to 0.7%). And it allows you to calculate that, after possible prosadok in the market, moving up in the medium term will continue. Moreover, optimism in the market may be emerging in support of 17.45 Moscow time the Chicago PMI (projected to increase to 43 points). Traditionally, we recommend that you have in the portfolios of stocks of oil companies (especially emphasize Gazprom, in which there is positive news flow - the stability of the tax burden, and lack of problems in collecting fees for gas to Ukraine, a further tranche of the IMF) and the banks. At the same time among banking securities we prefer VTB shares, which have a strong driver for growth in the coming weeks as the price of accommodation additional issue, which we think may be at 20-40% above the Current levels. Of the steel names we are most impressed with Severstal (4%), the sample above 200 EUR. per share, and the SMC Nornikel. But the purchase of steel - it is rather a speculative play on the rapid growth in the context of bovine market, fundamentally shares of companies are already fairly valued. most prominent corporate news today, the parameters are ad deal to acquire a controlling stake in MTS, Comstar UTS. Papers last go at a cost of up to 16% greater than current quotes. This positive news for the stock market Comstar UTS (still buying a premium to the market and have a chance to have minority shareholders to wait for an offer to purchase the remaining securities) and AFK Sistema (received for an asset for debt service $ 1.3 billion) . At the same time, the benefits to the MTS from such transactions are not so obvious. Other news - the decision of the Board of Directors of Polyus Gold to pay interim dividend of 6.55 rubles. per share. Thus, we see the first dividend on shares of chips on the work of the crisis of 2009, however, would like to draw attention to a very low dividend yield on shares of gold mining company, which adds no optimism regarding the growth of their attractiveness to investors. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
At the moment we recommend bullish on futures on RTS (RTS-9.09, RIU9) with the foot below the 100 000 points. In the event of breakdown of the level of support for the next goal is a reduction in the region of 97 000 points. When playing short stop for the speculative short positions can be placed above 103 000 points. Futures on the euro-dollar (ED-9.09, EDU9) continues to bounce up after the test support at 1.4. The next goal is the growth inthe region of 1.42, with an opportunity to play for a fall to near the foot. In the game of shopping stop on the long positions can be located below 1.4. Futures on the dollar-ruble (Si-9.09, SiU9) today found support in the area of the lower limit of the range of 31 300-32 300, which provides an opportunity for shopping with the foot below the 31 300 or 31 000. Futures oil varieties Brent (BR-8.09, BRQ9) reached the area of local maxima. At the moment, can bear with a stop order above $ 71. Breakdown of the level presumably lead to the district $ 73. In the case of a long positions recommend placing a stop below $ 68. Futures on gold (GOLD-9.09, GDU9) today reached a resistance in the region of $ 940. Recommended with the stop order to sell futures above $ 940-945. The immediate objective is to reduce the area of $ 920. Puncture resistance at $ 940 is likely to lead to an increase in the area of $ 960. Authorize and appreciate the story;; 1 users rated material 4. Analyst Ratings
USD Not dollar celebrated their victory, because come Thursday, and it is time to gather stones. The only currency against which the Americans resist proved yen, which only confirms the emergence of the next wave of draft risk. And here there is rather oscillatory movement market, which is not certain that he would rely on, as economic data yesterday, is no excuse for such dynamics are not allowed. The number of Americans who last week completed a form for unemployment benefits rose slightly, indicating that the rate of decline has slowed and the economy begins to stabilize. The number increased by 25 thousand to 584 thousand, which exceeded analysts' forecasts. As these separate study FRB Kansas City, in July, business activity in the manufacturing sector in the region remained largely Flat. The index of manufacturing weakened to 2 to 9 in July, but this is better than the May rate of -3. So, slowly but surely we have come to the main report this week - GDP Quarter 2, which can determine future currency trends. At the U.S. GDP for the second quarter had high expectations as a catalyst for movement, as well as most major pairs for a long time sitting in narrow ranges and can not find the power to break out. But do not forget that Friday is not only the end of the working week (when many traders prefer to close risky positions or even to look at all the events from the side), but the end of the month, which only increases the flow of perepozitsionirovaniya and fixed income. This report will be more remarkable and that the Department of Commerce to include a revised control data, particularly on savings rates and incomes. The adjustment will be the first since the end of 2003, the result can be quite unpredictable: it is possible, the economy last year, felt much worse than we originally reported. But it could plunge the markets into an even greater depression, thus supporting the demand for currency of refuge. In general, the chances that traders will start buying up the dollar, it is very great, as great chances to see a weaker than predicted, levels of GDP. And that is why at least a little bit more optimistic than expected, the data can cause a sharp rise in the dollar opponents. EUR Quite predictably euro pushed from the support of 1.40 and rushed up: this is not a strong level of gore in some moods, not fueled by any real information. Economic data were mixed. According to the Federal Agency for Labor, the unemployment rate in July, seasonally adjusted suddenly fell to 3 480, while the number of free vacancies fell by 2 thousand in July, however, rates of unemployment were again distorted by the methodology of accounting, reported the Ministry of Labor. Without taking into account these distortions, unemployment rose to 33 thousand The rate of unemployment remains at 8.3%. Meanwhile, the real orders in the German mechanical engineering sector in June reflected a drop in again. The June decline by 46% led to a decline in quarterly performance in 51% to 47% in the previous 3 months. And the index of economic morality in the euro reflected the 4-month recovery against the backdrop of the improvements observed in all sectors except construction.
breathing during the rally in the summer heat Today's beginning of the trading on the Russian stock market, despite a moderately negative external environment, the resulting correction traffic to increase the American stock market in the second half of trading session in the United States, it was neutral, about 0.5% above yesterday's closing. However, further rapid upward movement in Russia's actions have not yet been received. After taking off the market yesterday afternoon, caused by the rapid return movement of oil quotes, market participants are likely to slow to fix the profit. With the opening of European stock pads Russian shares have continued to be corrected. At the moment, the main Russian blue chips on yesterday's closing has traded steadily in the red. As of 12:57 Moscow time the main indicators of the Russian market, the MICEX and RTS indices, traded raznonapravleno. MICEX index losing 2.04% (1024.97) are, as in the RTS index falling dollar shows a slight increase in 0.67% (1008 on). Yesterday's auction of the ocean again finished good growth: Dow Jones has updated the maximum value since the beginning of the year, breaking the local maximum of 9150 pp. At the end of the trading, Dow Jones increased by 0.923%, to close at 9,154.46 point p, a broad market indicator S P500 gained 1.19%, while its value on the closure of section 986.75 is worth noting that during yesterday's trading session on the closure of the Russian market Dow is at a level above level 9200 pp., so a correction first half trading session today is quite predictable. Dynamics of futures for U.S. indices, is an indicator of investor sentiment at the opening of the American market today, is neutral. Dow is in contango at 12 points or 0.13%. Quotations black gold in response to the positive sentiment in financial markets, as well as calming the authorities of China, despite the appalling figures on oil reserves in the United States last Wednesday, have continued to rapidly move up and have again traded near mark 70 USD /barrel said that a dramatic reconstruction of the speculative demand of raw materials. Current value of oil futures to near ekspiratsiey are adjusted on yesterday's closing levels for the Russian market, but yesterday's relatively rapid growth of this correction is insignificant. At this point, futures for Brent-WTI and a are, respectively, 69.70 U.S. $ /bbl and U.S. $ 66.85 /barrel, about U.S. $ 0.8 lower than yesterday's values. With regard to quotations of Russian blue chips, then at 12:39 Moscow time the main Russian blue chips continue to be corrected to yesterday's values. Thus, the shares of Gazprom losing 2.06% (159.40 USD), Sberbank of 1.93% (41,69 EUR), VTB 0.52% (0.0387 USD), MMC Norilsk Nickel 1,62% (EUR 3038), Lukoil 2,74% (EUR 1525), Surgutneftegaz 2,42% (EUR 23.96), Rosneft 2.22% (186.75 EUR). negative effect on the market today has published the recommendations from one of the largest investment banks in the world of Credit Suisse. The Swiss bank has lowered the recommendations for Russia to above market to below market, which reflects the sharply pessimistic view on the Swiss continued to advanced growth of the Russian stock pads in the next few weeks or even months. If after Credit Suisse recommendations for Russian shares will depress the rest of the largest Investment Banks, we may be witnessing a substantial correction in the Russian market. Among the most important news today is worth noting statements of Norilsk Nickel and Dalsvyaz, as well as reduction in the 2 quarter of 2009, VTB Bank, a third raised funds CB. VTB cut into 2 quarter to one third of the amount of borrowed funds CBR. Replacement of expensive funding CBR at a much cheaper means customers in the second quarter of 2009 will result in a reduced pressure on interest margins VTB. We believe this positive news for the VTB. According to our estimates, the funding from the Bank of Russia is one of the most expensive liabilities VTB. We believe that funding from the Bank of Russia has been replaced by much cheaper means customers are able to attract the involvement of VTB as a credit agent, Rosneft and Transneft, with a loan from Bank of China, a $ 25 billion As a result, we expect to ease pressure on interest margin of the bank. According to our estimates, the decline of funding from the Bank of Russia for almost 200 billion rubles, VTB will allow annual savings of up to 20-25 billion rubles. NorNikel published operating results for the first half we commend the published results, the company managed to maintain production is only slightly below pre-crisis levels. According to our estimates, the operating records, combined with continued growth in prices for major commodity groups holding should please the market. Good reporting Dalsvyaz shows rather literate actions of management, than that the crisis in Russia affected the telecommunications industry. In any case, the results of the company are impressive - revenues grew by 13%, the share of revenues fromnew services increased by 29% and profitability has not changed. In general, the dynamics proceeds on the basis of half of the operator is at the level of our projections for the year - we expect revenue growth of 12% in ruble terms. EBITDA margin and net profit is not very much changed, but much more interest are the indicators, calculated on the basis of IFRS, but this type of reporting will be prepared only at a later date. As regards the situation as a whole in the market, it is almost time for the majority of blue chips there is a short-term growing trend. The exceptions are shares RusGidro, Gazprom, Lukoil, and Polyus Gold away from the common, average dynamics. Despite the emerging market a local correction to the growth of yesterday, we continue to remain optimistic about the further development of a growing trend on the Russian stock market in the wake of speculative demand. With respect to the shares of the second tier, in this segment, we are still retains a positive view of the long-term prospects for shares in companies small and medium-capitalization, with a stable business model and a low debt load and recommend to hold the position long-term data on shares of issuers in the portfolio. Among them we note the actions of three growth potential on the horizon of 1-2 years old: Kuzbassrazrezuglya, Bamtonnelstroya, IDC Holding and prefy sylvinite. In response to the deteriorating fundamentals, we recommend that you sell shares Akron. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
According to financial and economic activity for the 1 half of 2009 on the RAS, revenue from sales of JSC North-West Telecom was 12 790 million rubles, including telecommunications services - 11 815 million rubles. Compared with the same period last year, sales increased by 6%, including revenues from services - by 5,3%, the report says the company. The main drivers of income growth were revenues from Internet services and data transmission services and revenues from vnutrizonovoy ties that over the same period last year grew by 21.2% and 10%, respectively. In absolute terms, revenues from Internet and data transmission in the 1 half of 2009 amounted to 2 403 million rubles from vnutrizonovoy - 1 274 million rubles. Cost OJSC NWT in 1 half of 2009 amounted to 11 013 million rubles, an increase of 20.1% compared to 1 half of 2008. rapid increase in cost due to the significant increase in depreciation charges, which reached 2 653 million rubles (growth in the same period last year amounted to 35%), due to sales in 2008, investment program, rising costs for services from third parties (maintenance) related mainly to the provision of universal services, and rising operating costs (energy and materials).
Less than a year ago, the American holding company Berkshire Hathaway Inc., led by world-renowned investor and one of the richest people in the world Warren Buffett, has announced the acquisition of a 10% stake in the concern BYD Auto Co. The cost of purchase was about $ 230 million After the September 27, BYD, and Berkshire Hathaway Inc. announced the transaction, shares of companies listed in Hong Kong went up five times. Thus Buffett was able to earn on securities $ 1 billion, reports Bloomberg. company MidAmerican Energy Holdings Co., a unit Berkshire Hathaway Inc., agreed to buy another 225 million shares in BYD for HK $ 8. Buffett will pay for the transaction of $ 1.8 billion According to Bloomberg, BYD announced the completion of the transaction last night. BYD Auto - manufacturer of motor vehicles, located in the city of Shenzhen. BYD Auto is a subsidiary of the firm BYD Company Ltd, the largest battery manufacturers in China for mobile phones. In 2003 the company bought bankrupt auto manufacturer Qingchuan (Sichuan), the license to manufacture cars that made it possible to invest in new activity. Recall that in December last year, BYD Auto put on the market F3DM - the first Chinese car with a hybrid power plant.