expected negative reporting By Friday the Russian court came up with a negative external background. For example, the U.S. site went for long weekends with the reduction. In particular, DowJ and the Nasdaq Composite lost 2.6%, while the S P500 fell 2.9%. On the other hand, Asian area today showed a small increase of less than one percent. The main negative for the domestic steel market, as yesterday, the long-awaited correction in the oil market. As a result of yesterday's session, Brent had lost about three percent, the MICEX index dropped by 3.5% and the RTS, closed earlier, reduced by 1%. Today, crude oil continued to decline, though much slower, and with the closure of the Russian market has shown decline at 0.5% on brand Brent. Of the notable statistics, published today, are the only retail sales in the euro, which had worse predictive value, negative 3.3% while analysts were expecting decline to 2.7%. Although, it is worth noting that the market is, as expected, did not react to that statistics and have an hour began to grow. At the end of the day the RTS has lost 1% and the MICEX fell by less than 0.4%. Of the notable events in the second level of accountability it is desirable to note AtoVAZa. In general, we appreciate the statements on the basis of AvtoVAZ in 2008 as expected negative. Due to rising prices for steel and components, production costs rose faster than revenues. As a result, gross profit decreased by 39% to $ 699 million other negative developments in 2008 was the lack of control over the increase in administrative costs, resulting in an increase of 25.3%. Among the positive side, we note the increase in the average value of the car, which according to our estimates, was 11.9%, which increased revenue in the 5.2% while reducing sales by 6%. In addition, we draw attention to the fact that 10.7 billion rubles (about $ 430 million) loss on account of fixed assets revaluation, which is based on a model of discounted cash flows. According to our estimates, in 2009 at AvtoVAZ is likely to get a loss. Despite this, according to our estimates, the fair value of 1 ordinary share of OJSC AvtoVAZ is $ 0.47, growth potential - 13%. which corresponds to the recommendation of Hold. Fair value of 1 preferred share is $ 0.19, which implies upside potential of 97% and is consistent with the recommendations of buy. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Energopostavlyayuschaya company Kievenergo July 3, has resumed hot water consumers tepoloelektrotsentrali number 6. Says the press service Kievenergo. According to the report, this has been achieved by restoring the supply to the CHP gas-6 gas supply company Kievtransgaz. At 01:10 Kievtransgaz to resume gas supply in the HEC-6. Kievenergo organized the work of specialists at night as soon as possible to restore hot water to consumers , - quotes the press-service technical director Kievenergo Alexander Zaitsev . The company said that by 5:00 July 3, temperature was raised to 65 degrees, then started to connect to hot water supply to consumers living arrays Troyeshchina suburbs, Obolon, Raduzhny, Forest, Vinogradar . planned that the hot water to all consumers TETs-6 will be implemented to 18:00 on 3 July. In this regard, stresses the power that will be billing the housing and service organizations to Kiev only on the fact of the thermal energy and, consequently, the test or the forced stopping equipment Kievenergo will not be included in payment.
World stock markets The last session was rich yield important statistics in the United States. The number of jobs in the U.S. non-farm sector in June unexpectedly dropped sharply - to 467 thousand, while the market participants predicted a decrease of 365 thousand after -345 thousand in May. However, other statistics on the labor market was more positive: the number of American citizens, first applied for unemployment benefits in the week ending June 28 amounted to 614 thousand people - a week earlier drew 627 thousand people, number of citizens continue to receive benefits, reduced to 6702 thousand people (from 6738 thousand in the last week). The unemployment rate in the country increased to a maximum over the past nearly 26 years and amounted to 9.5% in June. However, all three indicators were better than market expectations. May orders for durable goods rose by 1.2%, exceeding the market-consensus forecast (0.9%). The sales of vehicles fell in June to 9.7 million from 9.9 million in May. In total, out of a block can not be described, the data have been contradictory. U.S. stock trading platform completed last fall in quotations: Dow Jones Industrial Average lost 2.63%, registered mark, paragraph 8280.74, Standart Poor's 500 reduced 2.91%, and highlighted the importance of item 896.42, Nasdaq Composite was the lower at 2.67% at 1,796.52 and the root item. The decline of European markets at auction on Thursday was the order of 2.5% -3.8%. On Friday morning, stock indices across the Asia-Pacific region are also traded in the negative region, futures in America returned to the green zone.
Europe European stock markets fell on Thursday after poor statistics on the U.S. labor market. Pan-European index of blue chip FTSEurofirst 300 dropped 2.45 percent to 844.46 points. Worst bank lowered indices: shares BNP Paribas, Banco Santander, Commerzbank, Credit Suisse, HSBC, Societe Generale, UBS and UniCredit lost from 1,8 to 6,5 percent. U.S. labor market continues to feel the impact of a recession. Number of employees in the U.S. economy without taking into account the agricultural sector in June fell by 467,000, while analysts had expected decline in 363.000. The unemployment rate rose to 9.5 percent, while the number of unemployment benefits for the week fell by 16,000. FT-SE 100 -106.44 -2.45% DAX -186.95 -3.81% CAC40 -100.59 -3.13% Asia The Asian markets are moving differently in response to falling profits principal retailer of Japan, the company's Seven I, at 28% in the previous quarter. Mitsui O.S.K. Lines Ltd, one of the leading ocean carriers have lost more than 3% at the auction in conjunction with rising levels of unemployment in the United States that can affect the overall level of world trade. BHP Billiton Ltd. - Fell by 2.9% against a background of falling prices for metals and oil. NIKKEI 225 -60.08 -0.61% HANG SENG INDEX 4.16 0.02% SHANGHAI SE A SHARE INDX 29.51 0.92% SHANGHAI SE B SHARE INDX 1.84 0.94% KOSPI INDEX 8.56 0.61% United States The American stock market on Thursday closed the decline, as data on employment in the United States in June undermined investor optimism about a quick economic recovery. U.S. Labor Ministry reported Wednesday that the number of employees in the U.S. economy without taking into account the agricultural sector in June fell by 467,000, while analysts had expected decline in 363.000. The unemployment rate jumped to 9.5 percent, which is the maximum level over the past 26 years. Stronger than the other affected the energy, financial, technological, and consumer sectors, which have recently led the growth of the stock market in March with a marked 12-year minimum, due to belief in the imminent end of a recession. DJIA -223.32 -2.63% SP 500 -26.91 -2.91% NASDAQ COMPOSITE INDEX -49.20
sharp rise of the cost of oil on Tuesday, to the maximum this year, was caused by the fraudulent actions of the broker, which put a huge amount of applications forthe purchase of stamps Brent, that brought his company lost nearly $ 10 million, writes The Financial Times. PVM Oil Associates, the world's largest oil broker in the OTC market, announced that he was the victim of unauthorized trading. Located in London, a private company reported that as a result of unauthorized trading, it had to close the substantial amounts of futures contracts because of the loss. PVM informed the Office of Financial Regulation and Supervision of the UK (Financial Services Authority, FSA). However, the Board of Trade futures on the commodities the U.S. (CFTC) alleges that they did not disclose details about the fraud for several hours, despite last year's agreement between the controls on the exchange this information affects the market. Oil traders in London and New York said that unauthorized trading due solely to a sharp jump in activity and prices in the early hours of the trading on Tuesday. From the beginning, they decided that the reason for this became geopolitical events.
finished the share seems, the crisis helped to consolidate and strengthen the finished specialist mining and metallurgical complex of Ukraine on the world market. Ukrainian experts say the following: the domestic steel industry is a prerequisite to be competitive only in segments with low and medium value-added, because of the existence of the country's natural resources, as well as physically and morally obsolete iron assets. Ukrainian metallurgists confirm this thesis into practice. For January - May 2009 the share of products (billets and slabs) in Ukrainian exports of steel products rose to 55%, while during the same period of 2008 it was 46%. Accordingly, for the same period the proportion of flat-rolled products in the export of Ukrainian metal products declined from 31% to 25%, and long - from 23% to 20%. Where to look dismal data on volume of Ukrainian metallurgical exports. If the export products during the five months of 2009 decreased by only 12% (up to 5.1 million tons), the flat-rolled products - 40% (up to 2.3 million tonnes), as long - 39% (up to 2, 3 million tons). And it is really funny is the situation with export of steel products of the lowest conversion - iron (experts even believe he was not metproduktsiey and raw materials for its production). In January - April 2009, the export of iron recycling increased by 14.6% over the same period in 2008, up to 405.561 tons However, in May, the crisis has its, and as a result of five months of 2009, compared to the same period in 2008, exports of iron have shown negative dynamics. However, blaming the crisis exclusively in the commodity orientation of Ukraine's steel industry is not quite correct: in an extremely favorable for the steel industry during the country gradually to fall into the role of raw materials appendage metallorynka world. For five months, already mentioned in 2008 the proportion of semis in the structure of the Ukrainian metalloeksporta was 46%, while for the whole 2007, it would not exceed 43%, and in 2008 had risen to 48%. specialists still believe that it is not necessary to downplay the role of global economic негараздіÐ². A significant shift in export structure occurred in the second half of 2008, during a catastrophic reduction in demand for domestic metproduktsiyu. Then the Ukrainian metallurgists have been pleased by any orders, which helped to keep capacity utilization. As expected, demand for products of Ukrainian origin is not dropped as rapidly as in the finished product. And given the extremely limited domestic market, finished the capacity of the Ukrainian steel industry faces a crisis helps metalloproizvoditelyam with relatively small losses , - said Yury Ryzhkov, a senior financial analyst company Astrum Investment Management. For comparison, the analyst brings the results of the steel industry of the States, where the steel industry is aimed at vysokoperedelnoe production. It is through semi-finished - said Rizhkov - the decline in domestic steel production for the five months of 2009 was lower (-39%) than in the larger countries - producers of the metal as the United States (-53%), Japan (-42 %) and Germany (-44%). However, analysts do not risk to make predictions about what will happen in the world market, when the crisis ends and the demand for vysokoperedelnuyu metproduktsiyu increase. Then Ukraine invested in rolling power of a few pennies, even before it began (in the crisis almost freezing in the high re-attachment), will generally form the export of the full slab, billet and pig iron ... finished market Meanwhile, metallurgists and analysts are happy that the Ukrainian steel industry has been able to stabilize production volumes of metal and even to enter new markets. For January - May 2009 delivery of Ukrainian steel products in Asia grew by 58% (up to 1.517 million tonnes), Africa - 49% (up to 737 tons), the Middle East - 35% (up to 1.594 million tonnes ). However, EU exports of semi-fallen by 53% (up to 705 tons), while in the CIS - 77% (up to 600 tons), - said Sergey Gajda, an analyst company, Dragon Capital. The new key buyers of Ukrainian steel products in 2009 were China, Lebanon and Egypt. In the face of shortages of working capital from consumers question the quality, which in Ukrainian products is slightly lower than the average of the competitors, it becomes less relevant. Due to the low price Ukraine has been able to enter new markets, - comments on competitive advantage of Ukrainian steel, Alexander Makarov, the acting Head of investment consulting department of JSC Altana Capital.
June 29 in Moscow took place the annual general meeting of shareholders of OJSC Wimm-Bill-Dann, which were approved by the annual report, annual financial statements of companies for 2008, including statements of income. According to the fiscal 2008 year, it was decided to declare the payment of dividends on ordinary shares placed JSC VBD, defining the amount of dividend per ordinary share 2974 rubles 80 kopecks. Auditor for 2009 was approved by JSC SV-Audit. At the shareholders meeting has also been elected a board of directors as follows: - Bolotovsky Roman V. - David Yakobashvili - Kompaniets Leonid Andreevich - Sergei Plastinin Arkadievich - Popovich Silviu Eugeniu (Popovici SiIviu Eugeniu) - Sharkova Tatiana - Kuprienko Valery. The composition of the audit committee include: - Natalia Volkova - Vershinina Irina - Polikarpova Natalia - Propastina Tatyana - Sergueev Gregory S. shareholders of the company also decided to approve the following transactions in respect of which there is interest: - Increase the interest rate to 12.1% per annum and the extension until 31 December 2010 the validity of revolving loan agreement between OAO Wimm-Bill-Dann and OAO VBD (hereinafter - the debtor), in accordance with the current limit debtor's debt to OAO Wimm-Bill-Dann may not exceed the sum of 875 million rubles. - Increase the interest rate to 12.1% per annum and the extension until 31 December 2010 the validity of revolving loan agreement between OAO Wimm-Bill-Dann and OAO VBD , under which limit the amount of current debt to the debtor's OAO Wimm-Bill-Dann may not exceed the sum of 2 404 803 350 rubles.
Today in the U.S. - public holiday, financial markets in the country closed. Yesterday pair euro /dollar fell on the U.S. session to 1.3986, about 160 points below the maximum daily .. Pound /dollar reached 1.6320. The pair dollar /yen has fallen by 110 points to 95.70. Exchange Euro /yen has fallen by 200 points to 134.13. Pound /yen also fell by about 200 points up to 156.82. Rate Australian Dollar /U.S. Dollar fell by 100 points to 0.7932. yesterday came following macroeconomic statistics: Nonfarm payrolls in the United States for June 2007 is-467K (forecast was-365K, the previous value revised-345K to-322K). Unemployment rate in the United States for June 2007 was 9.5% (forecast was 9.6%, previous 9.4%). Jobless claims in the United States during the week to 27.06 at 614K (the forecast was 620K, the previous value of 627K). Factory orders for May 2009 in the United States amounted to 1.2% per month (forecast was 0.3% for the month previous to the revised 0.7% to 0.5% per month). The experts noted that the reduction in the number of jobs seen in the United States over the past eighteen months. Yesterday's figures reduce the likelihood of rising inflation in the country and, therefore, casts doubt on speculation about possible rises in interest rates the Federal Reserve System of the United States. This fact contributed to the closure of the risky positions in the market forex. Under the pressure of cross-rates have been associated with the Japanese yen, and commodity currencies: Australian, New Zealand and Canadian dollars. Yesterday Dow Jones index of the New York Stock Exchange fell 173.52 points (-2.04%). Nasdaq index fell 42.06 points (-2.28%). SP 500 index dropped 21.15 points (-2.29%). Yesterday index Frankfurt stock exchange Xetra DAX fell 186.95 points (-3.81%). The index of London Stock Exchange FTSE 100 fell 106.44 points (-2.45%). The index of the Paris stock exchange CAC 40 dropped 100.59 points (-3.13%). Yesterday, the price of WTI crude oil in New York fell by almost 2.5 dollar mark, reaching 66.57 dollars per barrel. This fact is supported by the U.S. dollar. Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. The index of the Tokyo Stock Exchange Nikkei-225 crashes at 68.11 points (-0.69%).
The Russian stock market on Thursday did not confirm the positive signal that we saw on the previous day, when the MICEX index of closing auction on July 1 Breaks down trend. As a result of yesterday's closed session, the indicator is declining at 3.5% at around 977 points. RTS sminusoval less - 1.79%. Of the blue chips in the black is not closed, no paper, but worse than others looked at all the recent good growing Gazprom (-5%). How do we market was influenced by a slump in oil prices, which took place on the raw areas with even the environment, you can not say confidently. likely, and a correction in oil, and the decline of the stock sites - simply the result of local traffic, which occurs in the second half of this week in global financial markets. Anyway, to explain yesterday's decline in our stock of foreign influence the dynamics of the indices would be more logical - the indicators of foreign sites are not dropped much lower. This is evident in the more detailed analysis of yesterday's auction - the oil and gas sector was not made for the general background. Even shares of AvtoVAZ, which yesterday, in the early trades ogoroshil all losses over the last year of $ 25 billion. (Ironically it is this amount Rostehnologii previously identified as the grant of a capital contribution), not shown vast reduction. The only sector that was yesterday against the general trend was staleiteyny. Shares NLMK gaining more than 5%, while taking into account the strong growth earlier in the week for the last 4 days they have added more than 16%, and this is the best indicator of liquidity of securities. Papers CMI and Severstal closed in the zeros. To contribute to this dynamic could increase as the recommendations of the analytical units of several investdomov, so the fact that China's Baosteel said yesterday about the possibility of rising prices for steel orders for August at $ 20-30 per tonne. However, the same paper NLMK closed yesterday in the vicinity of maxima of the first half of June, and further growth there in person with us in doubt. A similar situation in the securities of CMI, a little less risky from a technical point of view looks SeverStal, but here one can hardly count on the full growth without growth in the market as a whole. And it would be unlikely until we see a significant signal in the other segments of financial markets, mainly in the currency, which continues to sleep - a surge of activity that occurred in the first half of this week, it appears that came to nothing. U.S. stock indexes fell as a result of trades on Thursday on 2,6-2,9%, the DJIA was the maximum reduction of 20 April. The reason for this were the negative data on the labor market, which managed to affect the dynamics of our auction night. The number of jobs in the U.S. economy in the past month fell by 467 thousand, while experts predicted less than a significant reduction - to 367 thousand Thus, unemployment rose to 9.5%, which is the highest level since August 1983, compared from 9.4% a month earlier. Quotes of shares of aluminum giant Alcoa fell on the day at 4.7%. The company next week will publish financial results for the second quarter reporting season starting. Today, the American sites are closed due to the carry output from Saturday on the occasion of Independence Day. Asia today traded a surprisingly neutral - but is already closed Nikkei225 decrease by 0,6% in the black now traded Chinese and Indian markets. Also on the positive territory closed Korean index. Growing now, and index futures on the S P500 (0,4%). Thus, the Russian market today, does not appear to continue yesterday's downward momentum, at least, we expect a fairly quiet day in the markets. American sites, as has been said, are closed today in Europe will be published a series of data between 12:00 and 13:00 AM EDT, but unlikely in the absence of U.S. investors, the markets will make any serious movement. Index MICEX opened a small advantage, but the day is likely to hold in an already emerging between 970-1000 points. Authorize and appreciate the story;; 1 users rated material 5. Analyst Ratings
Market United States Trades in the United States July 2, also closed down reduction in the stock indices. Macroeconomic data on the number of employees outside the U.S. agricultural sector and industrial orders, published today, had a strong pressure on investors. At the end of the trading index of blue chips Dow Jones Industrial Average fell by 222.87 point, or 2.6%, to 8281 points. The index of wide market SP 500 closed at a decline of paragraph 26.91, or 2.9%, at around 896.42 points. In the past week, the index Dow Jones Industrial Average fell 1.8%, the index of a broad market for the SP 500 fell 2.4%, and high-tech Nasdaq Composite declined by 2.3%. The report on the labor market for the month of June in the U.S. went fairly bleak. Unemployment was 9.5%, the number of employees decreased by 467 thousand, expected 360-380. Expected that unemployment will rise more dramatically, but in the U.S. has been increased to 358 thousand number of people outside the labor force, so that only 9.5%. But this is not the limit, because the problem is increasing. The new minimum issued on weekly working hours, which was only 33.0 hours, the lowest value since the beginning of the counting rate in 1964. Worse was the situation with the average wage in March it had not increased, but annual growth slowed to 2.7%. In principle, all this signals the so-called hidden unemployment, which reduces the number of working hours, but not dismissed.