Thursday, July 29, 2010

Archive for July 1st, 2009

Main steam market will continue to consolidate in a range 1,3935-1,4135 dollar for euro

Wednesday, July 1, 2009 11:14

At the end of the trading day Tuesday, the U.S. currency strengthened on the forex to the main competitors. Against the backdrop of a weak macroeconomic statistics players closed long positions in risky instruments, leaving the U.S.. most volatile trading seen in cross-pound. Thus, in early European session, after the Nationwide report on price trends in the real estate market the United Kingdom quotes the British currency against the dollar renewed eight maximums - $ 1,674. According to published data, in June the cost of housing in the UK rose by 0.9%. But the rapid growth of the pound was replaced by an equally drastic fall after the National Bureau of Statistics announced the final estimates of GDP for the I quarter. Business Misty Albion in the first three months of this year declined in comparison with the previous quarter at 2.4% - the maximum drop in more than half a century. However, the annualized British gross national product declined by 4.9%, which is an absolute record in the history of reference of such statistics (from 1948). Such figures lead some players to revise their forecasts about the future prospects of the British economy. After the negative macro-economic, market participants are actively closing long positions on the pound. As a result, by the end of today's auction in Asia, a unit of British currency, offered $ 1,641. Bear statdannye service provided and the euro. According to the report the European Central Bank, money supply (M3 aggregate) in the euro area in May rose just 3.7% compared to the same period last year. However, in April, an increase of 4.5%. The slowdown reflects the continuing problems in the market capital. Thus, the volume of lending to the private sector grew in May by only 1.8% y /g (in April, an increase of 2.4%). This is despite the multibillion injections into the banking system to control currency bloc. Financial institutions are still refusing to lend to the real sector, preferring to accumulate funds for deposits of the ECB (which is already almost 250 billion euros), the remaining funds are directed to the financial markets. As a result, sources of funding for industrial enterprises is still limited.

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Morning may start with the negative, but during the trading session, bulls make active attempts to restore power over the quotations

Wednesday, July 1, 2009 10:14

In recent times in one day on the Russian stock market may break down and a few trends emerged that greatly complicates the life of stockbroker. Today morning could begin with the negative, but during the trading session, bulls make active attempts to restore power over the quotations. Therefore, we would venture today to implement some short-term buy blue chips. In the first place we attract shares of Gazprom open and understandable to the technical picture. This paper, in our view, can be purchased from the level of support for 155 rubles, with a protective suspension for a mark 154,5 /154 rubles or support 148 rubles. But remember, the threat for short-term bear trend appears only when the quotes pereberutsya abroad 165 rubles. Also consider buying shares in Rosneft, the mark of 165 rubles, securities GMK Norilsk Nickel to the level of 2750 rubles, the shares of Lukoil, if they have time now to turn down 1370 rubles. In their projections, we try, as clearly as possible to predict the motion vector of the Russian stock market. Suppose we are wrong sometimes, but we have an opinion. From the serious mistakes we still beregut exchange gods and protective suspension. Please note, if the market is not in your Strachan, you can always priglyadetsya and find an interesting paper, which will bring profit. Main did not get lost and do not panic. Authorize and appreciate the story;; 4 users rated material at 3,5. Analyst Ratings

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Ukrainian banks freeze deposit rates

Wednesday, July 1, 2009 9:17

A study from 8 to 29 June, the average rate of 101 to grivnevomu bank deposit up to 1 month, decreased by only 0.12% per annum (17.88% per annum). This does not change the average rate for all other periods: the investment in 3 months is, as before, 19% per annum for 6 months - 20% per annum for 9 months - 19.56% per annum, and for 12 months - 29 , 96% per annum. The situation is similar in the case of the maximum rates - the only established at the previous level: the three-month deposits at 28.07% per annum for six and nine - at 28.07% per annum, twelve - at 29.96% pa , - said Head of the Research Maanimo.com Paul Bortnikov. Where interesting situation developed in the foreign exchange segment. The average rate on deposits in U.S. dollars up to 3 months, decreased by 0.05% per annum (up to 10.7% per annum) up to 6 months - to 0.22% per annum (up to 11.02% per annum) up to 9 months -- at 0.15% per annum (up to 11.35% per annum). The yield rose only for deposits of up to 12 months - to 0.05% per annum (up to 11.85% per annum). Continue started back in May, reducing the maximum rate: the three-month deposits at 0.5% per annum (up to 15.5% per annum), six and nine - to 0.92% per annum (up to 16.02% per annum), twelve - at 1.14% per annum (up to 17.22% per annum).

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Recovering oil prices and U.S. futures help to the Russian market to rise slightly

Wednesday, July 1, 2009 8:13

How optimistic are the expectations of Russian bidders in the beginning of the session, when the market rose rapidly, so rapidly that he played on his positive closure, which affected the MICEX index, which fell 1.79% to 971.55. RTS Index, which rose earlier, did not manage to get under a negative pressure of the external sites and on the day grew at 3.74% to 987.02. American statistics to break the course of events not only on the Russian stock market, but also in many other world markets. The index of consumer confidence did not lived up to expectations, proved to be much worse than forecasts, and demonstrating the worsening situation in the consumer sector. Since the publication of the index went down along with all the rapid price of black gold, which are already on the decline throughout the day. The majority of the shares of oil and gas in the end surrendered their positions, it joined the paper banks to be happy to fall in the event of a negative sentiment on foreign sites, not surprisingly, given their strong growth in the next few months. On European stock markets started volatile week sales, which culminated in the collapse of the major indices. The main blow to Europe, causing American statdannye, who were waiting for positive signals, and as a result, it turned out that in the consumer sector is not so optimistic as we would like. However, the macro-economic data in Europe, also have some concerns, because unemployment in Germany continues to grow, as UK GDP growth came out worse than expected. In addition, the damage suffered by shares of mining and energy companies that have not been able to resist the sharp fall in commodity prices. The price of black gold, as before, to monitor trends in the stock pads USA, which after weak data have gone negative. In addition, the fact that the deteriorating economic situation in the world is the next wave of concern for the likely decline in oil demand. U.S. equity markets, at the opening lost a significant portion of their positions by the end of the day slightly improved its position in that matter, did not help them escape from the negative territory. Statistics, frustrated investors, has led to a negative result. Following the publication of weak data on an index of consumer confidence, attention to themselves once again drew the housing statistics, which was initially welcomed, but the pace of recovery in house prices remain very slow. Optimism generated by hopes for a speedy recovery of the economy, has been dispelled. Asian markets, having played at the beginning of the day pessimism American markets came in the positive zone. Positive news from China, where increased volumes of industrial production, caused a rebound in most markets in the region. Unfolded up oil recovery quotes contributed securities of oil companies. The Russian stock market yesterday took a little portion of the main negative, so now recovering oil prices and U.S. futures will help him a little lift. MICEX Index once again try to gain at 990, but with positive developments may make an attempt to rise to 1020, when macroeconomic data, particularly from the United States, will not lead investors in the gloom yesterday. At the bottom support 960, if the puncture can see a decline in the index to the 930/920. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings

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Forex - in the European session

Wednesday, July 1, 2009 7:10

index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) has fallen to 8.99 points (-0.18%), and is at the level of 4876.10. The index of London Stock Exchange Futsi 100 (FTSE 100) fell by 13.36 points (-0.31%), and is at the level of 4280.67. September futures on the index S & P 500 (SP 500) at Globekse (Globex) rose by 1.4 point at 922.6. Opening of the American stock index today is expected to top. After lowering the level of 1.4079 to the euro /dollar rose in European session to mark 1.4145. In terms of publications of large quantities of economic data in different countries, as well as on the last day of the first six months of active investors in the forex market is low. This contributes to fluctuations in a relatively small range. support of the euro against the dollar has increased demand for more risky assets, particularly in commodity prices. Support for the euro has had a publication of the consumer price index in Europe (16), which, in spite of the decline was slightly higher than expected level. pound /dollar fell to 1.6558, the euro /pound rose to 0.8525 marks. The negative impact on the pound is having the data in the UK, which showed a substantial reduction in GDP and an increase in deficits. final value of the index of gross domestic product (GDP) in the UK for the first quarter, -2.4% for the quarter, -4.9% for the year (estimated -1.9% in the quarter, -4.1% for the year, the previous value of -1.9% for the quarter -4.1% per year). Balance of Payments (Current account) in billions of pounds in the UK for the first quarter of -8.5 (-6.7 forecast, the previous value of -7.6).

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Mechel run electric furnace number 1 on Tikhvinsky ferroalloy plant

Wednesday, July 1, 2009 0:08

OJSC Mechel has launched a number 1 in the electric furnace Tikhvinsky ferroalloy plant (JSC TFZ), subsidiary of Oriel Resources Ltd. (United Kingdom). Now, at the same time, all four are electric, said Mechel. company Oriel Resources Ltd. (United Kingdom), acquired in April 2008 and representing the ferroalloy business Mechel unites all ferroalloy assets of the group: Tikhvin ferroalloy works (Leningrad reg.) Southern Ural Nickel Plant (Orenburg reg.) Bratsk Ferroalloy Plant (Irkutsk region. ) GOK Sunrise (Kazakhstan), creating a deposit of chromite ore. In Kazakhstan, the company also owns Oriel deposits of nickel ores Shevchenko. In all plants the company Oriel Resources Ltd. Work on upgrading the equipment and restoration of production volumes in the pre-crisis levels. Electrical number 1, running on the JSC TFZ, was the last, fourth to be, the unit transferred to the permanent employment in the enterprise. At this time, three electric furnaces at the plant brought to power 14 MVA, the power of the furnace number 1 will be gradually increased until a full load. Thus, the company Mechel to increase its production of high quality ferrohroma - alloy required for the production of stainless steel and spetsstaley. Currently Tikhvin ferroalloy plant is 100% guaranteed quality chrome ore delivered to GOKa Sunrise (Kazakhstan).

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