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Archive for July 7th, 2009

Employers created a representative body at national level

Tuesday, July 7, 2009 21:14

today in Kiev at a meeting of plenipotentiary representatives of Ukrainian association of employers a joint representative body at national level. As the correspondent of First Business, respectively signed the agreement the Federation of Employers of Ukraine, Employers' Confederation of Ukraine and the Ukrainian Association of Employers of Ukraine. Employers, aware of its responsibility to protect the national economy in a deepening financial and economic and political crisis that could lead to a confrontation between employers and employees to set up a joint representative body in order to establish among themselves a coordinated and consistent relationship to the right of employers to participate in shaping the socio-economic policy , - said Chairman of the Board of Fru Yury Boiko.

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On Tuesday, the most liquid bonds are blue chips and the recently published editions

Tuesday, July 7, 2009 20:14

Domestic Trading on the Russian market of bonds held in an inactive mode. Single price dynamics in the market on Tuesday is not observed. Apparently, investors have decided to refrain from action until the uncertainty in currency and commodity markets. Held auctions in the primary market is also distracted by the investment funds. At mid-day trading on Tuesday the most liquid bonds are blue chips and the recently published editions. Most turnover grew LipetskObl-1 (3.22% of the closing price on Monday), CFR-12 (0.54%), Moskva45 (0,19%), LukoylBO-20 (0.12%), system-1 (0.12%), MTS-4 (0.07%), Gazpromneft-4 (0.05%), Petrokomb-4 (0.04%), Moskva50 (0,03%), Moskva54 (0.02 %), Moskva58 (0,02%), Nomos-9 (0.02%), Moskva62 (0.01%). Decreased quotes the following Paper - LukoylBO-18 (-0.01%), VC-Invest-1 (-0.01%), RSHB-7 (-0.03%), CFR-11 (-0.03%) , Rusbank-2 (-0.05%), Rusfinance-4 (-0.07%), VBDPP-3 (-0.09%), CFR-16 (-0.18%), VolgogrObl-3 (-- 2.18%). Liquidity is still at high levels. The amount of funds on deposits and correspondent accounts on Tuesday morning rose to 63.8 billion rubles. and amounted to 1.129 trillion. rub. The rates of O /N were about 6.3% per annum, 3-month rate at 11.8% per annum. At the end of the second half of the trading day on Tuesday the dollar had fallen by 0.1% to 31.427 rubles., The euro rose 0.58% to 44.08 rubles. Course bivalyutnoy basket of the ruble grew at 0.24%, and amounted to EUR 37.122. Market US Treasuries and eurobond In the absence of meaningful statistics on Tuesday, investors will focus on starting the publications of corporate accountability for the 1 st half. Another important development is the beginning of the next wave of emissions US Treasuries, which in the absence of other factors will contribute to increased returns of Treasury bonds. In anticipation of the market opening on Tuesday curve US Treasuries moved slightly upwards - UST-2 - 0.965% per annum (2b.p.), UST-10 - 3.543% per annum (3b.p.), UST-30 - 4.381% per annum (2b . Clause). In the segment after the decline of Russian eurobonds on Monday there is a smooth growth - Rus-30 rose 0.1% to 98.46% of the nominal yield the release of 7.771% per annum (-4b.p.). Spread between the Rus-30 - UST-10 decreased by 7 bp to 423 bp In Bond Market You can find information on issues of corporate and municipal bonds, as well as learn about the planned deployment, the outcome of bidding MICEX and read the comments on the bond market. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings

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The rise in the Russian market led by commodity securities, which are most heavily proseli in the last few days

Tuesday, July 7, 2009 19:15

United States Futures on the SP 500 index increased by 0.1%. Europe European markets are growing after a four-day decline. European FTSE Eurotop 100 index of 0.69%, Britain's FTSE 100 0.87%, German Xetra Dax 0.95%, French Lyxor Cac 40 0.7%. have enough positive data from Germany. The volume of orders in the manufacturing sector of Germany in May rose to a maximum of two years' value of 4.4%. The rate was significantly better than forecasts of economists who were expecting to raise 0.5%. Such a significant growth rate due to an increase in demand for machine tools. The growth of jobs in manufacturing, there is the third month in succession. At the same time, industrial production in the UK in May fell by 0.6% compared to April and by 11.9% year on year. It was expected that promproizvodstvo grow in May for a 0.2% annualized decline by 11.3%. Industrial metals on the LME restored after yesterday's collapse, followed by the mining sector, which also tries to partially reverse the drop yesterday. Vedanta Resources 4.2%, Lonmin 4.1%, Anglo American 3.6%, Rio Tinto -3.5%. Shares of major steel producers Thyssenkrupp 3.5% and 3% Salzgitter rising against a backdrop of rising steel production in Germany. Oil euro rose after data from Germany, on this background, oil and metals are restored. Morgan Stanley raised the forecast for oil next year to $ 65, this year's forecast of $ 48. Futures mark Brent with delivery in August, rising by 1%, the spot Brent $ 64 mark. Russia The Russian market has opened increase, but almost immediately returned to the levels of closure. Growth resumed after the recovery of oil prices. The external background is gradually improving, the U.S. futures went in the black, the new European platform. At 15:45 Moscow time the MICEX index rising 2.8%, RTS increases by 0.8%. Trading volume on the MICEX stock market higher levels of recent days and make 31 billion rubles. The rise led by commodity securities, which are most heavily proseli in the last few days. In the oil and gas sector leaders in Surgutneftegaz and Gazprom 4.1% 4.1%. Lukoil is growing 2.9%, 1.8% Rosneft. In the metallurgical sector of MMK shares are allocated 5% of MMC Norilsk Nickel and 3.7%, lagging behind Severstal and NLMK -0.2% 0.6%. The overall market dynamics in line with VTB shares 2.9%, Sberbank of 2.9%. better market also shares RusGidro 5.4%, which were listed yesterday on the London Stock Exchange. Shares of Russian VSMPO, the world's largest titanium producer, rising to 6% after the opening of the joint venture with an American corporation Boeing on the processing of titanium parts for Boeing 787 Dreamliner and the Russian aircraft. Outlook Today, volumes have grown, despite the fact that vital statistics data will not be. A small revival possible after the opening of tenders in the United States, the direction of which determines the dynamics of our market at the close. According to the low volume on the reduction of the strong desire tosell at the market yet. However, hopes for a speedy recovery of the global economy and rising prices for raw materials are gradually fading. Therefore, I recommend medium-and long-term investors are watching the market on the part and retain their positions, whether it be money or papers. Speculators suggest, above all, to monitor the commodity markets, the movement which is reflected in the quotations of our shares. Volatility in commodity papers is quite high, which makes them an attractive tool for speculation. Do not forget about the shares of Sberbank, which remains the leader in trading volume. From the technical point of view, the level of 930 points on the MICEX index, which I would call a strong level of support, resist, and the market went to a level of 950 points. Nevertheless, the current situation has to be seen as a rebound, and the resumption of traffic down to a level of 880 points seems quite plausible. Authorize and appreciate the story;; 1 users rated material at 2. Analyst Ratings

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Despite the lack of obvious reasons for the resumption of the rally, market participants are not in a hurry to play the sales

Tuesday, July 7, 2009 18:16

The situation on the Russian market is telling the background is the information published by the Central Bank of Russia: the export of private capital from Russia in the first quarter of 2009 of $ 34.8 billion followed a net import of the second - $ 7,2 billion It is important that this was the first time since August last year, when Russia experienced a massive outflow of foreign capital due to revaluation of the political risks and a difficult situation with liquidity in the banking system. The growing Russian market for almost the entire first half was a fairly attractive for investment, thanks in no small measure contributed to the positive outlook for commodity platforms, as well as the low (even with the crisis), the prices of Russian assets. investors and now is not lost appetite for risk. Despite the lack of obvious reasons for the resumption of the rally, the participants in the market, at least, show no particular desire to play from the sales. This resistance against the backdrop of fast ice in oil prices is further confirmation that the upward trend on the Russian stock market continues, but the likelihood of its continuation is sufficiently high. Authorize and appreciate the story;; 1 users rated material at 2. Analyst Ratings

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Asian markets fell against the backdrop of adverse market dynamics of oil and metals

Tuesday, July 7, 2009 17:16

Europe European stock markets fell on Monday due to the fall of the financial, petrochemical and commodity sectors in the background enhance the investors' fears about the global economy. Pan-European index of blue chip FTSEurofirst 300 fell 1.04 percent to 833.77 points - the lowest point since 23 June. In the ENI oil and gas stocks cheaper to 2.7 percent, BP - at 2.6 percent, Royal Dutch Shell - to 2.1 per cent against the backdrop of falling oil prices, dropped below $ 65 a barrel. The index of mining company Rio Tinto prosel at 7.0 percent, steel ArcelorMittal - at 4.7 percent. Quotations Deutsche Bank declined by 3.2 percent, UniCredit - at 2.9 percent, Royal Bank of Scotland - at 2.9 percent. However, European stock markets may open growth on Tuesday, due to the fact that price increases for oil and metals are likely to support shares of commodity companies. FT-SE 100 -41.37 -0.98% DAX -56.39 -1.20% CAC40 -37.35 -1.20% Asia Asian markets declined in today's bidding against the backdrop of adverse market dynamics of oil and metals, blocking the thus shares the previous achievements of technology and utility companies. Rio Tinto Group Ltd. and Mitsui Co.poteryali more than 2% at the auction. Tokyo Electric Power Co .- largest utility company in the Asian region rose 1.2% against a background of positive from lower oil prices would positively affect the company's costs. Samsung Electronics Co .- grew by 2.4% following the recommendations of BNP Paribas to purchase shares in companies. NIKKEI 225 -33.08 -0.34% HANG SENG INDEX -32.95 -0.18% SHANGHAI SE A SHARE INDX -36.98 -1.13% SHANGHAI SE B SHARE INDX -2.09 -1.05% KOSPI INDEX 5.26 0.37% United States U.S. stock market closed on Monday raznonapravleno following the collapse of oil prices, which impact negatively on the actions of the energy sector, and in connection with the uncertainty of investors in early recovery. Oil prices fell to a minimum of 5 weeks of significance - below $ 64 a barrel, as investors are pessimistic with regard to the prospects for economic development after last week's poor data on unemployment in the United States. According to published on Thursday, 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 rose to 9.5 percent. While consumers benefit low oil prices, increasing cost of raw material is usually an indicator of economic stabilization. The attention of market participants is also riveted to the corporate reporting period started, which will open this week, Alcoa. DJIA 44.13 0.53% S P 500 2.30 0.26% NASDAQ COMPOSITE INDEX -9.12 -0.51% NASDAQ 100 -5.27 -0.36%

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Overview of the foreign exchange market 7.07.2009

Tuesday, July 7, 2009 16:16

Exchange EUR /USD on Monday continued its decline as a result of testing support at 1.3800 /00. However, closing with an increase of two of the three major U.S. stock indicators weakened slightly negative pressure on the quotations of that currency pair, and today's European session, it opened at the mark near 1,3920. macroeconomic data, released yesterday, were heterogeneous - in terms of their potential impact on rates FX - in nature, but in general, have contributed to the preservation of bear trend of the euro to the dollar. Indicator of investor confidence in the euro, calculated Sentix GmbH, fell in July, TG to the value -31.3 pt. that apparently was the result of the June weakening purchasing activity in the global financial sector. The average forecast value and the previous month in this case amounted to -25 and -27 pt. respectively. On the other hand, the index of business climate in the United States service, according to the ISM, in the past month was 47 points against 44 in May, TG and 46 pt. expected to average in the market. These macro-and microeconomic statistics, which are quite large amount will go into next week, obviously, might begin to reflect the beneficial effect of in the last quarter of monetary incentives on the performance of the real sector of the global economy.

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The parliament has created a new loophole for BMS

Tuesday, July 7, 2009 15:17

experts believe that in this way creates a framework for the revival of free economic zones ... Last week, the Verkhovna Rada has once again agreed to help the depressive territories. The adopted amendments to the law in theory aimed at a more objective assessment of the regions. In fact, under the pre-existing criteria, as it turned out, did not come, no region and no region of Ukraine. term depressed area appeared in the Ukrainian legislation in 2005, when the Act was enacted on the promotion of regional development. But, as argued in the Ministry of Economy, for all these years, no region or district has not been officially recognized depressive because none meet the criteria. In this two-year succession of steady state budget allocated money to help those lagging behind. In 2007, the development of regions, including depression, was allocated 100 million UAH., In the 2008-meters - 150 million doubtful that the authors of the law did not know about the problem with the methodology. This was at one time, many experts say. But this situation is allowed to allocate subsidies to depressed areas in the manual mode. According to the Chamber, in 2007 split the money four areas - Donetsk, Luhansk, Zaporizhia, and Volyn, although according to the findings of a working group to address this issue, to the performance indicators, the most close to the depressive were Zhytomyr, Transcarpathian and Cherkasy region. But even those regions which have received budgetary funds are not spent on the purpose - to solve the current problems in the housing sector, not to stimulate the economy. It should be noted that the year 2005 the law has attempted to rewrite. As a rule, in favor of a particular region. Particularly strong in this field emerged defenders miners Lugansk region, at their own expense, three attempts to redirect the depression money in the empty miner towns. But the Ministry insisted on the more objective indicators, which, as noted, if necessary, can be adjusted Cabinet of Ministers. This is an outline version of the changes and was accepted. In profile committees of Parliament said that the main feature of the new law was a departure from the categorical criteria. Previously, aid could be directed only to those three to five years in a row contrive to occupy last place in the socio-economic indicators (such as was not). Now would be recognized depressive regions, as well as industrial, rural and urban areas, which in the past three years, the average values of the indicators differed significantly for the worse from that of the similar areas. On the one hand, this language makes possible the use of the mechanism of targeted assistance to depressed areas. But at the same time converts the distribution of this assistance in a totally manual mode. Firstly, the law prescribed no quantitative restrictions on the depressed areas. Indicated only that the economic and social indicators should be the most critical. In this case, the budget money can be divided as to the three regions, and at ten. 0.2% revenue in the current reality - this is the order of 470 million UAH. Amount not so much if it is distributed between hundreds of cities. However, in the Ministry hopes that the current setting of the money will be sent to one or two of the most depressed region. But this is just a wish. Secondly, the legislation does not set the possible deviations from the average socio-economic indicators, in which a region or territory will be recognized as depressed. These borders must be separately approved by Cabinet of Ministers, but it is the indicator of the number of dependent territories as recognized depressive. Incidentally, the timing of possible revision of these criteria is not established, so the receiving gospomosch may be something more, something less - as the Cabinet will decide.

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In Russia, you can get the car to grace the machine up to 20 thousand U.S.

Tuesday, July 7, 2009 14:17

Government of Russia approved the amendment to the main program of concessional lending motorists. The maximum cost machines that can participate in the program increased from 350 000 rub. to 600 000 rub. Decision of the signed Putin said yesterday Minpromtorg. The Ministry promised in July to supplement the list of cars - the program participants. There are three more new developments. Privilege is now extended to light commercial vehicles (up to 3.5 tonnes). The minimum payment on the loan is reduced from 30% to 15%, and its term is extended up to three years (it was up to the end of 2011). concessional loans to the Russian state began in mid-April, to take on the new conditions can be up to the end of this year. Concessional loans to customers can provide three State Bank - Sberbank, VTB, Russian Agricultural Bank. They state returns 2 /3 of the refinancing rate (currently 11.5%), as a consequence of the credit costs автолюбителям of 6,33-9,33% per annum. In 2009, the budget for this program lies 2 billion rubles., Its total volume - 6 billion rubles. for three years. We are very pleased that the Government had increased the price limit for participation in the discount program, - said the representative of Ford Catherine Kulinenko. Under the new rules in the list will include a complete set of all Ford Focus. In the meantime, it is only the cheapest (349 000 rubles.), But it accounted for a very small percentage of brand sales in Russia, complains Kulinenko. Volkswagen has long awaited this decision, now under the program of preferential credit gets more models, the representative continues avtokontserna Julia Karulina (for example, the list can enter Volkswagen Golf, Skoda Octavia and the Octavia Tour).

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IDC Holding and Rostehnologii will manufacture high-tech industrial products

Tuesday, July 7, 2009 13:16

July 6, OAO IDC Holding and the State Corporation Rostehnologii entered into a cooperation agreement, which is the main focus of the joint actions of the parties on the development of electric industry in order to implement projects for the development, production and export of high-tech industrial products. In accordance with the signed agreement, the parties have committed themselves to cooperate: • in addressing the challenges of technical re-equipment of electric complex and technological audit of electric industry organizations corporations; • the development and creation of conditions for wide application of energy-efficient, energy-efficient and environmentally sound technologies, as in the production of high-tech industrial products, and in the creation and operation of power holding company; • the development of electric infrastructure to energy companies and facilities for the production of high-tech industrial products, as well as production equipment in the corporations and other products for distribution networks in terms of import substitution; • in coordination with the implementation of investment programs and projects, including those of corporations and organizations, subsidiaries and affiliates of OAO IDC Holding.

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Following Monday MICEX index was 925.21 point, which is 5.02% below the previous day's closing

Tuesday, July 7, 2009 12:16

Trading Results markets MICEX Group, July 6, 2009 Foreign Exchange Market At the end of bidding the dollar in the calculations Today has increased by 18.73 kopecks. (0.5994%) to 31.4364 rubles. the dollar. Bidding opened at the rate of transaction 31.3300 rubles. the dollar. During the trading day the participants entered into the transaction in the range 31.3300-31.5151 rubles. the dollar. Last transaction is concluded at the rate of 31.5151 rubles. the dollar. Trades on the dollar in the calculations tomorrow open transaction at the rate of 31.3325 rubles. the dollar. As a result of trades on the MICEX 11:30 dollar settlement Tomorrow The Bank of Russia set the official ruble-dollar rate of 31.4143. During the trading day the participants entered into the transaction in the interval 31.3325-31.5575 rub. the dollar. Last transaction is concluded at the rate of 31.4750 rubles. the dollar. At the end of auction rate dollar settlement tomorrow has increased by 19.59 kopecks. (0.6266%) to 31.4615 rubles. the dollar. The volume of transactions in dollar instruments decreased by 5.3% to 8583.1 million, of which U.S. $ 5331.1 million (62.1% of turnover) had to swap transactions. deals with the single European currency in the calculations today is in the range of 43.7775-43.9450 rub. for the euro. The last transaction was at the rate of 43.8100 rubles. for the euro. On the basis of the weighted average auction rate of the euro in the calculations Today increased by 5.24 kopecks. (0.12%) to 43.8338 rubles. for the euro. Crednevzveshenny euro rate in the calculations tomorrow was 43.8264 rubles. for the euro (4.15 cop. or 0.095%). The last transaction was at the rate of 43.8375 rubles. for the euro. The total volume of transactions in euro instruments grew by 3.49% to 877.8 million (9.1% of the foreign exchange market). On the MICEX currency market concluded 4671 transactions on all instruments, totaling U.S. $ 9601.6 million, which is 4.5% lower than the previous trading day. Government Securities Market The volume of trades in the market of public debt amounted to 24329.1 million rubles., including the amount of secondary trades - 966.9 million rubles., the volume of repo transactions mezhdilerskogo - 17.471 billion rubles., the volume of direct REPO transactions - 5891.2 mln. Value price index RGBI to close - 115.05 section (- 0.1%), index of full income RGBITR - 199.93 paragraph (-0.01%), index returns RGBY - 11.9% (0.06 percentage point). On the secondary market has become a leader in the trading bonds SU25064, on which the transactions took place at 377.8 million rubles. Yield was most likvidnyhbumag: SU25065 - 12.1% (-0.01 percentage points), SU25064 - 11.91% (0.04 percentage points), SU25063 - 11.86% (0.09 percentage points), SU25057 - 8.51% (0.31 p. section). market shares At the end of the trading day value of the MICEX index was 925.21 point, which is 5.02% below the previous closing day. MICEX Oil and Gas Index - 1812,36 (-5,326%), MICEX Power Index - 1641,89 (-3,568%), MICEX Telecommunication Index - 1014,91 (-1,917%), MICEX Metals and Mining Index - 2275,37 (-5,549%), MICEX Manufacturing Index - 883,2 (-2,852%), MICEX Financials Index -- 2872,34 (-3,293%). MICEX Large Cap Index - 1492,93 (-5,018%), MICEX Mid Cap Index - 1405,89 (-3,1%), MICEX Start Cap Index - 2143,91 (-2,269%). Decreased quotations of ordinary shares GMKNorNik (-6.07%), Gazpromneft (5.47%), JSC VTB Bank (-5.23%), Surgnfgz (-4.5%), UralSvI-AO (-4.49%), LUKOIL (-4.43%), Sberbank ( - 4%), Rosneft (-3.75%), Rostel-AO (-2.53%). The volume of trades in the market shares of the MICEX Stock Exchange amounted to 90 billion rubles. (2880.05 million), of which 41.35 billion rubles. (1323.29 million) were in secondary trading, 48.65 billion rubles. (1556.76 million) - for repo transactions. market of corporate and regional bond At the end of the day the trading volume of corporate and regional bonds on the MICEX Stock Exchange amounted to 37 billion rubles. (1182.8 million), of which 11.3 billion rubles. (361.7 million dollars) were in secondary trades, 25.7 billion rubles. (821 million) - for repo transactions. VostServF1 bond yield decreased to 25.32 PM, HCFB-2 - at 0.08 PM No change in revenue bonds Zheldorip-2. Even MGor58-yield bonds at about 0.02 PM, Zenit 5obl - by 0.06 percentage points, MGor50-on - at 0.08 PM, MGor45-on - at 0.17 PM, MGor54-on - on 0.26 percentage point, the System-01 - by 0.27 percentage points, MGor59-on - at 0.41 PM Index CBI CP on the day the item was 87.19, falling to 0.08% on the value of the previous trading day, the index MBI CP - 84.35 item, increased by 0.29% on the value of the previous trading day. Term Market The total volume of trades amounted to 2.97 billion rubles. or 87,257 contracts. The volume of open positions - 2,515,647 contracts (U.S. $ 2515.52 million). Futures on USD: the volume of trades - 2.94 billion rubles., The amount of open positions - 2,507,690 contracts (2507.69 million). Futures EUR: the volume of open positions - 4521 contract (U.S. $ 6.648 million). Futures on the EUR /USD: the volume of open positions - 100 contracts (U.S. $ 0.139 million). MICEX Index futures: The volume of trades - 21.44 million rubles., The amount of open positions - 99 contracts (9.24 million EUR).. Futures on Gazprom: The volume of trades - 7.82 million rubles., The amount of open positions - 987 contracts (14.74 million EUR).. Futures on the bank: the volume of trades - 1.89 million rubles., The amount of open positions - 2250 contracts (8.5 million EUR).. market for grain futures The volume of transactions amounted to 189.43 million rubles. (36.7 tons). The volume of open positions - 20.45 million rubles. (4.1 tons). In Bond Market You can find information on issues of corporate and municipal bonds, as well as learn about the planned placement, the outcome of trades on the MICEX and read the comments on the bond market. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings

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