Russian budget in 2009, lost a third of revenues, compared with the year 2008. As reported in the press service of the Russian government, reported by the Prime Minister Vladimir Putin during a meeting with the leadership of the Federation Council of Federal Assembly of the Russian Federation. In the foreseeable future we can count on the revenue budget of approximately 16% of GDP. This means that we will 6,5-7,5 trillion. rubles per year. As a result of the global financial crisis budget shortfall of 1 /3 of income of 2008 , - Putin said. He stressed that the Russian government is seeking in the next year to reach the positive dynamics of the majority of key macroeconomic indicators.
The Cabinet authorized the National Electricity Regulatory Commission, in consultation with the Ministry of Economy and Ministry of Finance set the limit price for natural gas for the enterprises, which produce heat. This is stated in the decree number 700 of the Cabinet on 8 July. The changes the Government made in its order number 1548 dated 25 December 1996 On establishing the powers of the executive authorities and executive bodies of local councils on the regulation of prices (tariffs). NERC now in agreement with the Ministry of Economy and Ministry of Finance will establish limits for the price of natural gas for economic entities, which produce heat, including those of block (module) boiler. NERC Prior to this, according to the number 1548, assuming gas prices for institutions and organizations financed from the state and local budgets, as well as limits for the price of natural gas for industrial consumers and other subjects of management, in consultation with the Ministry of Economy, Rates trunk pipelines to transport natural gas, petroleum, petroleum products, ammonia and ethylene substances supplied to consumers in Ukraine; rates for downloading, storing and screening of natural gas tariffs for the distribution of natural gas to supply.
United States Futures on the SP 500 index increased by 0.5%. Europe European markets are rising against the backdrop of significant growth markets in the United States. European FTSE Eurotop 100 index of 0.84%, Britain's FTSE 100 0.67%, German Xetra Dax 0.73%, French Lyxor Cac 40 0.47%. In the best performing stocks of mining companies against the backdrop of the rally metals. Copper rose in London by 3% to $ 5 thousand per ton, the commodity sector grew by 3.6%, a leader in European markets. Lonmin 6.6%, Xstrata 5%, Antofagasta 4%, Rio Tinto 3.9%. There is a growing financial sector in anticipation of the release reporting bank Goldman Sachs, which is projected to show the biggest gain since 2007. Yesterday, shares of the Bank in the United States grew by 5.3% after an analyst Meredith Whitney of Meredith Whitney Advisory improved outlook for shares of Goldman Sachs to buy. Macroeconomic data left a mixed impression. Industrial production in the euro area in May rose by 0.5% year on year has fallen by 17%. The monthly growth in the euro promproizvodstva observed in May for the first time since August 2008 but it is expected that the monthly increase was 1.4%. The index of economic expectations in Germany in July, up 39.5 points to 44.8 in June. The index was worse than forecasts of 47.4 points. Oil Against the backdrop of the dollar decline to a number of oil began to increase rates. The cost of oil again exceeded $ 60 a barrel. Futures added 1.7%. Spot Brent $ 61.13, WTI $ 59.69. Russia For the first time in a long time for the opening of a positive external background. The growth of world markets, the market opened with gepom up and continued to grow. At 15:30 Moscow time the MICEX index rising to 3.45%, 3.58% on RTS. The volume of trades on the MICEX stock market rose to 37 billion rubles. The continued strengthening of the ruble again brought the leaders in growth stocks of Sberbank. Investors reacted positively to the statements and the largest Russian banks, despite the fact that net profit was below forecasts. In I quarter 2009 net profit under IFRS fell to 0.6 billion rubles. Net profit for the results of I quarter 2008 amounted to 31.1 billion rubles. The greatest influence on the amount of profit has created the size of reserves claimed by representatives of the bank. Preferred stock savings grow at 9.1%, 4.2% obychka adds. demonstrated Rise and metallurgical companies, supported by growth in base metals and the rise of the mining sector in London. MMC Norilsk Nickel 6.6%, 5.9% NLMK, Severstal 4.8%. Shares of oil and gas companies are increasing against the backdrop of recovery of oil. 3.7% Lukoil, Gazprom 3.2%, 3.1% Rosneft. Outlook The second half of the day will be interesting, because we will important statistics from the United States and reporting Goldman Sachs. At 16:30 await data on retail sales and manufacturing of inflation in the U.S., in 18:00 Inventories. At 17:00 will be recorded for GS II quarter, which will determine the direction of movement of United States markets at the opening of our market and at the end of auction. Expected a very positive report, we'll see how it would respond to the market. A very important point is the strengthening of the ruble. Yesterday the Central Bank at a time when the basket is the beginning of much to add, has shown the resolve and prevent further growth of the dollar and euro. If the oil is all the same has reached a local bottom and feel a levels of support, then expect new attempts to weaken the ruble is not yet worth it. From the technical point of view, as expected, in the case of a positive scenario, the market returned to a level of 900 points. Market managed to hold above critical support level of 880 points, so we denote it as the bottom of the lateral band, which may emerge in the near future. Speculators, I recommend playing on purchases, since the market locally resold. Medium-term investors recommend slowly build up positions on the pleadings, I recommend a long-term investors to hold the position. Authorize and appreciate the story;; 2 users rated material at 4,5. Analyst Ratings
nationalized banks will need at least one year to resume normal work, while even this renewal has called into question, because the exit strategy from the crisis and the development of problem banks is not yet formed. The opinion was expressed by Mary Maiboroda, senior analyst of investment company Phoenix Capital. expert believes that the money received from the state will be used primarily for spot payment of deposits of individuals. The total amount of deposits in the Bank Rodovid of 2,7 billion UAH. (he has received from the Cabinet of 2,8 billion UAH. in the capital), to UGB - 4,7 billion UAH. (3,1 bln.), A bank «Kiev» - 2,2 billion UAH. (3.6 bln.), Including to legal persons. It must be understood that the banks in any case will try to retain deposits and payments during the initial stages will be selective rather than comprehensive. Otherwise, the operating activities of the banks will be threatened in the absence of sources of funding. second most important area of spending - is the creation of reserves under the «bad» loans. By rough estimate, the level of bad loans in problematic banks is close to 30%, which means the need to reserve at 2.8 bln. for Ukrgasbank Rodovid and the Bank, and 1.1 bln. - A bank «Kiev». In this case Rodovid bank and Ukrgasbank received sufficient funds for the establishment of reserves, while a UGB is approximately 300 mln. for the payment of deposits. Bank «Kiev» obtained the capital overrides and the need for reserves, deposits and payment in full. problem banks will not rush to settle with investors, offering extension deposits and deposits more attractive conditions, forecasts Maria Maiboroda. After all, one-payment of all deposits of public funds is almost entirely perecherknet the ability of banks to resolve the crisis: they have no source of funding for further development, and reserves for problem loans would not be formed.
Futures on the JSC VTB (VBU9): futures on OJSC VTB in the morning is the positive basis (30 points), at 12-00 Moscow time podrastaya at 4% (Fig. 1). Figure 1. VTB. Bazis within days. The number of open positions has declined compared to the morning opening at 4000, and at 12-00 Moscow time the value of this indicator was 68 500 (Fig. 2). Figure 2. VTB. Open positions within days. In the medium term, the market remains in the descending trend. Volatility September putov outside money a little higher than the September call volatility of outside money. Thus, at the current market, we again see a volatility smirk with distortions in the putov (Fig. 3), which indicates that the downward movement should be resumed. Fig 3. VTB. Exchange IV within days. If you talk about the number of open positions, the maximum number of remains VB2250AU9 (put max, Fig. 4) and VB4000AI9 (call max, Fig. 4) Ñтрайках, the absolute values for these Ñтрайках do not focus on these levels as at full form. Figure 4. Levels optional support /resistance. The most likely scenario: consolidating below 3500 levels with a view to follow 2250. Least likely scenario: the resumption of growth from 4000. Authorize and appreciate the story;; 3 users rated material at 3,3. Analyst Ratings
Trading on Russian stock market on Tuesday is marked by good growth in the major indexes. Before the start of the day situation exists, at least no worse than in previous days, when our market significantly prosel. First, like in a nosedive prices for black gold staying in the area of psychological mark of 60 dollars per barrel. It should also be noted that during the day they went up and managed to get to 61 - 61.5 dollars per barrel. In addition, good growth demonstrated the eve of U.S. and European indexes. Thus, istoskovavshiesya of positive news, investors have taken to buy our shares, no difference at this particular fastidiousness, which resulted in the growth of the major indexes to the middle of the day in the 3.5 - 4%. In the meantime, it remains clear that the euphoria is not run - not supported by the fragility of the growth has been fundamentally, we clearly demonstrated in recent weeks. In the afternoon we have traditionally looked forward to a portion of from abroad - the wholesale inventory, retail sales, as well as one of the key indicators - the prices producers. Of the domestic news is worth noting published today reporting Sberbank for I quarter of IFRS, which has already played its part - ordinary shares savings went to dinner at 4%, and prefy took off at 8%. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
As a result of trades on Monday, the MICEX index of energy added 1.5% and closed at around 1,506. The volume of trades compared with the level rose Monday. Stock Quotes sector showed the largest companies in the eve of a mixed dynamics: the value of securities FGC UES has not changed, stock quotes, RusGidro decreased by 2.1%, the paper IDC Holding went up in price on 4,3%, shares Mosenergo cheaper to 0 , 1%, the paper Inter RAO UES, went up by 3.6%. We note neutral behavior prior to stock quotes FGC and securities distribution companies, as well as shares rise IDC Holding, despite the negative news that the growth of regulated tariffs for electricity in 2010, may be limited to five per cent. We believe that the market had expected output of this news, as well as information on the possible limitation of the growth rate has already appeared in the press. Stock Quotes FGC over the last week fell by almost 20%, while equities IDC Holding cheaper by almost 15% less from the market. In our opinion, currently the market already takes into account the forecast of low tariffs in 2010 to assess the network of companies. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Federal Migration Service of Russia (FMS) recommended that its employees not to accept the involvement of foreigners to work in the Russian Federation in the sphere of trade. This provision of service received its territorial bodies, participating in meetings of the Commission at the regional centers of employment. requirement relates to the situation in the market to stop the work Cherkizovo and does not affect those who have already received permission to work, explained the representative of the Fund Konstantin Poltoranin. Of the 2300 merchants Cherkizovo market proven MBF lawfully in Moscow before 1500. Quotas for attracting foreign government sets (for this year - nearly 4 million people). Distribute quotas by regions with MHSD interagency group, which includes representatives of the FMS.
Bulls continue corrective movement up In Monday trading on the Russian sites have begun the fall of quotations, the reduction of oil quotes and the U.S. futures indices. After the negative dynamics of the first thirty minutes of bidding, the market recovery emerged, which led indices closing above the previous day. The evening of the bulls tried to start the upward movement, however, after reaching level 890, the market has been a wave of sales, which adjusted the growth. The leaders of growth were Sberbank and 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. U.S. markets throughout the trading session have demonstrated positive momentum. As a leader was the banking sector, against the backdrop of increasing the stock recommendations of Goldman Sachs and waiting for his reporting. At the end of the trading Dow Jones Indexes and the S P500 added 2.2% and 2.5% respectively, the NASDAQ index rose by 2.1%. At the morning session, the index futures on the S P500 continued its positive momentum and traded at 10.00 to 902.25 level item. Following the closure of the energy market continued to show recovery. Futures oil brand Brent was able to rise above 61 dollars per barrel to 10.00, and traded at 61.2. Today, we look forward to the opening of gepom up at the Russian sites, against the backdrop of oil quotes and the restoration of American markets. It is likely that a positive external background will be able to raise a bull market to a level of 900 points, but in the future may change the dynamics of the market. During the day the players will closely monitor output reporting Goldman Sachs and macroeconomic statistics from the United States. Authorize and appreciate the story;; 2 users rated material at 3,5. Analyst Ratings
14.07.09 condition at 10:00 the Kiev Banks and Items of currency exchange (PAE) is most often buy 1 USD at the price of 7.7250 UAH, that expensive at 2.50 cop. than yesterday and offered at a price of 7.7600 UAH, that the more expensive cop at 1.00. of the Bank and the Stand for purchase 1 USD fluctuate within 7.6500 - 7.7300 UAH. Best Offers to buy 1 USD at this time set in the following banks and Stand: 7.7300 UAH - Golden Gate KB;; Pravex Bank;; Poltava-Bank KB;; Synthesis; ; Artada;; 7.7250 UAH - Diamantbank;; Legbank;; Prime Bank;; YUZHKOMBANK CA;; Unexbank;; Unexbank CAUX number; 1; Arsenal;; EURO;; Internet;; Nika;; of the Bank and Stand for sale 1 USD fluctuate within 7.7500 - 7.8000 UAH. best selling 1 USD at this time set in the following banks and Stand: 7.7500 UAH - Diamantbank;; Eurogasbank;; INDEX-BANK;; Synthesis;; Unexbank CAUX number 1 ;; 7.7600 UAH - Aktiv-Bank;; BG BANK;; Legbank;; People's Capital;; Transbank;; Ukrgazprombank;; Unexbank;; Absolut;; Arsenal;; Artada;; EURO;; Internet;; Margin; , Nick;; ; Today Banks Stand and most often buy 1 EUR for the price of 10.7800 UAH, that expensive at 8.00 cop. than yesterday and offered at a price of 10.9000 UAH, that the more expensive cop at 5.00. ÐŸÑ€ÐµÐ´Ð»Ð¾Ð¶ÐµÐ½Ð¸Ñ Ð‘Ð°Ð½ÐºÐ¾Ð² и ПОВ по покупке 1 EUR колеблютÑÑ Ð² пределах 10.6300 - 10.8000 UAH. Best Offers to buy 1 EUR at this time set in the following banks and Stand: 10.8000 UAH - Pravex Bank;; Poltava-Bank KB;; 10.7900 UAH - Legbank ;; YUZHKOMBANK CA;; Arsenal;; Artada;; EURO;; Internet;; of the Bank and Stand for sale 1 EUR vary in 10.8700 - 11.0200 UAH.