start of the week for the bulls The opening bid at the Russian sites have passed in the negative trends, but the wave of reduction was quickly bought, which has led to levels of market closure Friday. Later there was a lateral dynamics at the levels achieved. Towards the end of the day bulls have attempted to pull the market up on the background of growing energy market and the positive dynamics of futures for U.S. indices, which allowed the market to reach a level of 890 on the MICEX index, after which he corrected. The leaders of growth were Sberbankand Surgutneftegaz, add approximately 4.5%. The company they were Lukoil shares (3.1%). On the negative territory closed RusGidro (-2%), Norilsk Nickel (-1.65%) and Rosneft (-0.69%). At the end of the trading the MICEX index added 1.13%, ending the day at 881.15 points. Bulls were able to win a local victory, beginning a week growth, but too early to rejoice. External background, which today was on their side, tomorrow they may change. The first call may be out today on Budget United States, whose influence on overseas indices affect our tomorrow's opening. In the meantime, in anticipation of a positive reporting Goldman Sachs and a growth of banking sector in the American markets, which could raise the indices of local minima, our market was able to partially recover. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) has grown by 72.83 points (1.59%) and is at the level of 4649.14. The index of London Stock Exchange Futsi 100 (FTSE 100) rose by 48.56 points (1.18%) and is at the level of 4175.73. September futures on the index S & P 500 (SP 500) at Globekse (Globex) rose by 4.6 point at 878.9. Opening of the American stock index today is expected to top. rate euro /dollar rose in European session, up to 1.3990. Support rate increase has a European stock indexesand oil prices, despite their decline in early trading session. Market participants expect this week to continue publication of financial reports of major U.S. companies for the second quarter. It is believed that these data may provide new information on the development of the U.S. economy. Forward to the publication of reports of such companies as Bank of America, Goldman Sachs, JPMorgan Chase, Johnson Johnson, Google, General Electric, Intel, IBM. Exchange Dollar /yen fell in European session, up to 91.72.
So, on the euro-dollar continues to stagnate, while the dollar-yen and euro-yen cross fall fifth day in a row. At least are also the pound sterling, the price of oil. Yield Treasuries has proseli to 3.26% (U.S. bonds grow). There is a clear reduction in appetites for risk. In doing so, Euro and Swiss Franc, it seems, regarded the market as the currency is as sound as the dollar, and only the Japanese yen is well ahead in the rating of this troika quiet harbors. The crisis, meanwhile, continues to develop its own course. Recent data showed an increase of accumulated applications for unemployment in the United States has thousands before 6883, this new maximum. However polismeykery United States, arguing that the situation has stabilized, referred to the fact that usually the situation in the employment sector is responding very late to improve the economic situation. In the meantime, continue to be significant signs of stabilization in the U.S. economy is not, apart from the various census indexes moods. But even Michigan index of consumer confidence on Friday failed with 70.8 to 64.6. But really the key figure, shedding light on the situation in the U.S. economy, balance the budget (regular published today at 22.00 Moscow time), is usually much smaller than the reaction in the market than the survey indices. It was expected that in June (historically profitsitnom months, United States) will be a deficit of 97.0 billion against a surplus of 33.5 billion a year ago.
Deputy Chairman of the Verkhovna Rada Mykola Tomenko considers unsatisfactory attitude of some people's deputies to attend plenary sessions of Parliament. Among these truant is one of the richest Ukrainian Rinat Akhmetov. He made this statement today during a briefing. 9 parliamentarians, according to Tomenko, did not participate in more than 60 roll-call registrations. In particular, according to Tomenko, 8 of 9 people's deputies are members of the Party of Regions faction - Rinat Akhmetov, Igor Gumenyuk, Alexander Darda, Sergei Kiy Alexander ЛещинÑкий, Vladimir Maltsev, Sergey Momot, Anton Vision. And this is a member of the NU-NA President David Zhvaniya. At the same time, according to Tomenko, only 18 people's deputies did not miss a single session of parliament for legitimate reasons.
Introduction real estate tax would lead to a decrease in sales of housing. The opinion was expressed by Vice-President, HC Kievgorstroy Alexei Bulgakov. In a crisis, when all income fell, to impose additional taxes inappropriate, - he said. In doing so, the Vice-President of the company believes that the tax will decrease the number of investors in the housing, which will lead to a reduction in construction projects and will make housing even less affordable. As reported, 2 July, Prime Minister of Ukraine Yulia Tymoshenko stated that consideration next week in the Verkhovna Rada a bill on property tax. Under the bill number 3533 on the tax on immovable property (real estate), other than the land, made by Cabinet of Ministers to the Verkhovna Rada 22 Dec, 2008, proposed a tax on the flat area of 150 sq. km. m. According to the explanatory memorandum, the document provides for the imposition of tax on real property other than land. In particular, the taxpayer planned to identify the individuals, including entrepreneurs, natural persons and legal entities - the owners of the buildings. The objects of taxation should be a building, except those owned by institutions and organizations of foreign countries.
Central Bank lowers rates and sells currency Last Friday was unusually busy interesting developments. Of course, the focus has been the currency market. From the morning started a massive purchase of currency, resulting in cost bivalyutnoy basket flew by the middle of the day up to 38.40 rubles. (85 cop.). At this level, we estimate that in the course of bidding Centrobank intervened by selling about 700 million basket closed at 38.60 rubles. Thus, one day it went up slightly more than one ruble. This morning quotes basket exceeded 38.80. Unfortunately, the fact of the sale of currency CBR have not gone unnoticed: Friday perceptibly grown up imputed rate NDF (in the 70 - 150bp depending on the term). At the same time, Central Bank issued a statement on progress in reducing the 50bp core ruble interest rates. Now the minimum cost of refinancing within the framework of direct repo auctions at 8.00% (without discounts). His decision to escort the first time the Central Bank rather extensive comments. However, nothing new governor, by and large, not reported, noting the high rates for poor credit the real sector and the tendency to slow inflation. We think the Central Bank wants to continue the mitigation of monetary policy. However, it may take some pause if inflation data for July will depart with his expectations (the figures for the first week (0.2%) somewhat surprised us). debt market on Friday appreciably Storm. Morning, perhaps impressed by the rising cost of a basket of currencies, in 1-m line was quite a lot of vendors. Then with the release news of declining interest rates quotes returned to the previous level, but only to drop again by the end of the day. However, market participants to avoid panic: on the day, prices are the most liquid issue proseli only about 10-20bp. We do not exclude that the price of ruble bonds in the coming days will continue to decline because of the weak ruble and raised imputed returns NDF. However, we still maintain a constructive look at the issues first-line, because believe that oil prices will not return to $ 40 per barrel, the ruble will be quite strong, and the Central Bank will continue to lower interest rates. 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 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
Microsoft this week to announce online versions of its core programs, increasing, thus, compete with Google, which prepares its own operating system (OS) for PCs Chrome OS, writes the newspaper Financial Times. is expected at the annual conference in New Orleans, which begins on Monday, Microsoft will publish including final plans for the creation of an operating system based on the cloud technologies - Windows Azure. cloud data processing - a technology in which the software is granted to the user as the Internet service. Google is trying to extend its online platform for PC, while Microsoft is doing exactly the opposite, said FT. And if the operating system of Google will be launched only in 2010, the formal launch of cloud operating system, Microsoft is already in the current year.
At the opening of tenders Monday futures for RTS index (RTS-9.09, RIU9) reached a support area of 78 000 points. The immediate objective is upward rebound in the region of 80 000 points. If you continue shopping rebound following objectives are in the area of 83 000, 85 000-87 000 more points. At the conclusion of a technical rebound, we expect continued sales in the region with the aim of 70 000-75 000 points. Thus, at present, can find the time to open a short positions. Stop on speculative long positions offered for a rebound, can be placed below 78 000 points. Futures on the euro-dollar (ED-9.09, EDU9) today found support in the region of 1.39. The immediate objective of growth - 1.4-1.41, where we recommend you play from the sales with the foot above 1.42. The objective of reducing - 1.38. According to futures on dollar-ruble (Si-9.09, SiU9) coming down the goal of correction is in the region of 33 500, 33 300, 33 000. We recommend to play mostly from purchases of this instrument. Possible objective of growth - District 35 000-36 000. Futures oil varieties Brent (BR-7.09, BRN9) traded in the region of support at $ 60. Possible speculative game of shopping for a technical rebound in the area of $ 62-63. Stop by the long positions in this case can be placed below $ 59,5-60. Strategically find the time to open a short positions in the calculation of the decline to $ 55 a barrel. Futures on gold (GOLD-9.09, GDU9) formed an intermediate bottom in the region of $ 905-910, which suggests the possibility of speculative games with the aim of improving in the area of $ 920-940. Strategically find the time to open a short positions. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Revenue JSC Civil aircraft Sukhoi (GHS) for 2008 under IFRS increased by 9.5 times and amounted to 5.956 million dollars. Operating loss amounted to 44.783 million U.S. dollars compared with a profit of 2,700 million U.S. dollars in 2007. Net loss on the basis of 2008 amounted to 114.713 million dollars against a net profit of $ 3.622 million dollars a year earlier. Total assets (balance currency) for the year increased by 27,3% and amounted to 859.826 million dollars. Net financial debt for the year increased by 66,0% to 784.787 million dollars. The main impact on the performance of the company during the period had a decrease of government grants in 2008. compared to 2007. as well as the weakening rate of the ruble to the dollar and euro during the period from August to December last year (to 25.3% and 13.4%, respectively). In 2008, the company has achieved a significant reduction in business costs, which resulted in the retention of transaction costs at the level of 2007 (an increase in transaction costs amounted to only 1%). Nevertheless, a reduction in government grants to 4-fold to 66.6 million dollars in 2007 to 16, 7 million dollars in 2008 negatively affected the level of operating profit. As a result, on the basis of 2008, the company received an operating loss of $ 44, 783 million dollars. The result of the devaluation of the ruble to the company were the additional costs of servicing and repayment of liabilities denominated in foreign currencies, as well as costs in the form of negative exchange rate differences from revaluation of these liabilities. Interest expenses rose to 16.5 times and amounted to 14.402 million U.S. dollars, the cost of the revaluation was 80.369 million dollars. As a result, net loss for 2008 amounted to 114.713 million dollars. The main part of the assets is a capitalized cost of R & D, as well as the amount of capital investment (60.4% and 19.1% of total assets, respectively). In 2008, the amount of capital investment reached 164.612 million U.S. dollars, that in 1,6 times more than in 2007, the cost of R & D increased by 31.5% and amounted to 519.129 million dollars. The main component in the structure of R & D costs are the costs of designing and testing (42.4% and 46.9% respectively). The total amount of debt at the end of 2008 amounted to 819.156 million dollars, that in 1,4 times higher than in 2007 Proportion of short-term debt in the structure of financial debt amounted to 46.0% compared to 17.0% a year earlier.
All the conditions are reasonable, - he said in an interview with Austrian newspaper Die Presse. Alexander Lukashenko noted that the IMF offered loans on more favorable than Russia, conditions. In Russia it is not expected to think that if they do not give, then no one will not help us, and we then collapse, - said President of Belarus. He stressed that if no one gave these loans, not the economy collapsed, would have survived. If we help people, why should we refuse - said Lukashenko, adding that as president will be remembered that assistance and Belarus will encourage mindful of that and the Belarusian people. But he added that Russia does not fully complied with its promise to grant Belarus a credit for $ 2 billion We should be mandatory. Can not - say that not because of some reasons, you can (I know that they can) -- agreed, it is necessary to perform their sacred promises , - stressed the head of Belarus. Lukashenko also expressed the view that in the former Soviet Union reduced the influence of Russia.