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Archive for July 15th, 2009

MICEX Index has had an opportunity to consolidate at around 900, while a positive development of the script to go to 920 points

Wednesday, July 15, 2009 10:10

The Russian stock market continued its volatile trading on Tuesday, which did not prevent the RTS index, podrasti at 3.7% to 866.55, while the MICEX index at 1.16% to 891.41. Contributed to the growth indices of the oil quotes recovering within days after a sharp drop the previous day. In addition, shares of steel companies, on Monday were among the outsiders, yesterday in demand, which also helped to appreciate the raw material. In the banking sector yesterday, too, have cause for reflection after the publication of the report of Sberbank IFRS for I quarter of this year, which came under expectations. This projection guidance Sberbank retained profit for the year at the same level. In addition, the same yesterday, Goldman Sachs announced its results, exceeding forecasts of earnings. European stock markets Tuesday finished major indexes rising. Financial institutions rejoiced report Goldman Sachs, which gave hope that the results of companies over the past quarter will be more impressive than expected, but the bottom of the crisis passed. Statement by automakers BMW and Renault to build their production facilities positively impact on the securitiessector. However, prices for base metals mining companies supported the action. At the same time, oil quotes again declined because of the OPEC, which predicts a decline in demand, and once again increased the volume of production. The negative pressure on the markets have statistical data, as well as the evaluation indexes of economic expectations in Germany and the euro unexpectedly fell. U.S. stock finished the session a small area increase. A role played by reports of large companies in their industries. Goldman Sachs has demonstrated better earnings growth forecasts and the company Johnson Johnson though and showed a reduction of profits, however, was able to surprise optimistic outlook for 2009. Positive results from Goldman Sach has already been partially played the previous day, when Meredith Whitney raised recommendations on these securities and the sector as a whole. High-tech sectors has been supported by the results of quarterly Intel Corp., Also surpassed expectations. The positive impact of on-site data on retail sales, which had grown up in excess of projections. Asian markets today are in the positive zone. Shares of technology companies through the records vospryali spirit Intel Corp. Mining companies are increasing the price after the price of metals. A negative factor was the decline in GDP growth forecast of the Bank of Japan in 2009 and 2010. The Russian stock market at the opening will go up after growing up for the night, quotes, and U.S. oil futures. MICEX index had an opportunity of gaining a foothold on the 900, but a positive development of the script to go to 920. Against the background of macroeconomic data reporting companies will complement the overall picture of the economy. If today's reports confirm the positive trend, the MICEX index may gain at 920. If the situation will get a negative connotation, the index can close the gap in the area of yesterday's 880, but with a strengthened sales may fall to 860. Authorize and appreciate the story;; 1 users rated material 4. Analyst Ratings

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The market mergers and acquisitions - the lowest activity for 5 years

Wednesday, July 15, 2009 9:11

activity in the world market of mergers and acquisitions in the first half of 2009 fell to a minimum of 5 years. The total volume of transactions MA, January-June totaled $ 1.14 trillion. (35% lower than in 2008) - the lowest result since 2004. The maximum drop in the volume of MA were recorded in Europe. If the I-II quarter of 2008 the total volume of mergers and acquisitions involving European companies made up more than $ 600 billion, in the first half of this year - only $ 290 billion Experts explain such a sharp drop in the fact that companies do not want to enter into large transactions in a crisis. Now many investors are afraid to buy real assets or enter into new projects. They are more attractive to hold bonds or keep money in foreign currency, - said analyst IR Socrates Sergei Nevmerzhitsky. That has led to a sharp increase in fund-raising outside the financial market. Thus, in January-June 2009, the company attracted $ 887 billion on the bond market, which is 64% more than during the same period last year. the only sector which showed a positive momentum, was the energy. The total volume of the 100 largest oil and gas transactions for the six months totaled $ 96.7 billion - a 10% increase over the same period in 2008, say analysts PricewaterhouseCoopers. Leader of oil and gas associated with the expectations of further increases in oil prices, - said the head of the Department of Investment Banking Investment Concorde Capital Vitaly Strukov.

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The immediate objective of growth is located in the vicinity of 920-930 points on the MICEX index

Wednesday, July 15, 2009 8:08

Yesterday Stock trading in Russia yesterday completed the growth indices. At the end of the trading the MICEX index rose by 1.16% - to 891.41 points and the RTS index - on 3,7% - to 866.55 points. Trading has issued a fairly volatile session. The positive external background, as well as rising oil prices, established by the beginning of the trading, contributed to opening the domestic trade areas gepom up on average by 2-3%. Further, most of the trading session the quotations fluctuated at levels achieved. However, towards the end of the trading, investors have begun to record profits, and practically all blue chip roll back to an open bidding process. Strengthening of the ruble continues to support the market. U.S. market Trades in the United States also ended the growth of the major stock indexes. A positive factor for the market has become a quarterly report Goldman Sachs, the results of which were higher than most optimistic forecasts by more than 30%. Net profit of U.S. Bank in the second fiscal quarter was $ 3.44 billion, or $ 4.93 per share, compared with $ 2.09 billion, or $ 4.58 per share, for the same period last year, while the average forecast of experts, surveyed agency Bloomberg, at $ 3.65 per share. Macroeconomic data again proved controversial. Retail sales in the United States rose for the month of June at 0.6% annual drop in sales slowed to 9.2%. The main growth in sales seen in the cars, where sales for the month vrosli at 2.3%, but for the year decreased by 14%, as well as from sales of gasoline, which for the month added 4.9%. Excluding sales of automobiles rose by 0.3%, while the annual decline accelerated to 7.9%, which was a record fall in the history of the counting rate in 1967. Well, if you subtract from the sales of the part that was due to growth in retail gasoline prices (and according to the EIA gasoline prices in June rose by 16% from $ 2.31 to $ 2.63 per gallon), it turns out that the growth per se was not even with the cars (an increase of gasoline prices has added to sales more than made up the entire increase in sales per month. From the technical point of view, the rebound that we are witnessing the second day, reached the top of the downward channel, thus, can be pohedzhit Long, or at least prevent the loss of him in the event of further collapse. Oil Oil continues to fall third straight day against the backdrop of the monthly report, OPEC and data on retail sales in the United States. OPEC said that global oil demand this year will fall to 1.6 million barrels a day. In addition, the cartel in June increased the volume of production of black gold, the third month in succession. As a result of trades on NYMEX August futures for the supply of oil WTI cheaper brand at $ 0.17 to $ 59.52 a barrel. But during the bidding price of oil rises to $ 59.52 a barrel. Asia Stock Indexes Asia today demonstrate the positive momentum. Japanese Nikkei, rising by more than 0, 5%, a wide market Topix index at 0.2%. Korean Kospi adds more than 2%. Chinese CSI 300 INDEX growing at 0.8%. On the mood of the players had a positive impact of the closure of American playgrounds. A positive factor for the market has become a quarterly report Goldman Sachs, the results of which were higher than most optimistic forecasts. Yen against the U.S. currency is now trading at 93.2 - 934. Today External background at the opening of tenders in Russia - a positive. Sure the growth of American indices, the consolidation of prices above $ 60, rising Asian stock indices, of course, will support the domestic stock market. In the course of yesterday's auction MICEX index managed to rise to the level of 920 points, followed by an adjustment to the 890 items on the background of the stable dynamics of the European sites. This fact indicates a large speculative element in the market. Today, on the positive external background, we look forward to the opening bid gepom upwards. The immediate objective of growth is located in the vicinity of 920-930 points on the MICEX index. The further evolution of our sites will be determined by the mood of American investors and oil prices. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings

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In the Russian market - the second day of correction up

Wednesday, July 15, 2009 7:05

           14.07.09 20:32 ;   Morning von Tuesday was positive for the Russian stock market. As a result of yesterday's auction of American Dow-Jones index rose by 2,27%, SP - on 2,49%, Nasdaq - on 2,12%. Asian site to the top of Russian session traded at a positive territory. Japanese Nikkei index rose to 2.34%, China's Shanghai Composite index rose by 1.79%. Oil prices showed a positive dynamics, the price of barrel of mark Brent crude oil exceeded $ 61 mark. Against this background, the Russian court to start the session with «gepom» up to 2-3%. In the first few minutes of trades MICEX index entrenched above level 900 points. By 12.40 Moscow time the MICEX index rose by 3.5% and stood at 912.52 item, RTS index rose by 3.3% to 863.97 points. later was released on the negative statistics of the euro, which has not been able to deploy the Russian market down, but suspended the upward movement. Industrial production in the euro area in May rose by 0.5%, projecting growth of 1.2%. In Germany, the index of economic expectations ZEW in July was 39.5, 47.8 predicted. In the course of yesterday's auction of the ocean, it was obvious the leadership of securities financial sector, which contributed to the growth of the shares of domestic banks. The continued strengthening of the ruble has also contributed to positive trends in this sector. In addition, investors reacted to reports the largest Russian banks, despite the fact that net profit was below forecasts. common stock savings went to dinner at 4% (prefy took off at 8%), less of MMC Securities Nornikel (6.7%) and Severstal (5.6%), and slightly ahead of Lukoil, and MTS. Take off today and showed steel companies, supported by growth in base metals and the rise of the mining sector in London. Shares of oil companies rose to a recovery in oil prices.

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