German Chancellor Angela Merkel does not consider rival Nabucco project Northern stream. There is no need to look at this as at some contradiction of antagonism to other pipelines, - she said. According to her, Germany is interested in the speedy implementation of the project Northern stream. project Northern stream has the greatest importance, - said A. Merkel. pipeline Northern stream (Nord Stream) will connect the Baltic coast of Russia near Vyborg with Baltic coast of Germany near Greifswald. Its length - 1200 km, design capacity - 55 billion cubic meters a year. The possibility of extending the gas pipeline through the territory of Germany and the Netherlands to Britain. The first thread pipeline capacity of about 27.5 billion cubic meters per year is planned to be operational in 2011. Participants in the project are Gazprom (51%), German BASF and E. ON to 20%, Dutch Gasunie (9%). In late June, the representative of Gazprom said that its German partners are ready to give Gaz de France 9% in Nord Stream. In early July, the Finnish regulator for the environment, concluded that the construction of gas pipeline Nord Stream does not constitute a serious threat to Finland.
Trading on Russian stock market is taking place under the influence of a positive external background, but market participants do not engage in massive purchases. During the rapid growth of the previous day, investors had already played most of the drivers of growth. Since the last session of the domestic market needed a pause in the form of a consolidation on the achieved level, or roll back down due to profit fixing. The emergence of new reasons for the growth of neutrally perceived market: report JP Morgan, is one of the most anticipated events of the day, exceeded projections (net profit was nearly six times higher than expectations). In part, the positive external background reverse the decline in the prices of black gold, retreating from the local peaks (after the closure of the Russian market prior to the oil futures traded near the point $ 63.5 per barrel). wave of growth in the second half of the session generated statistics on applications for unemployment benefits the United States to deviate from expectations. Statdannye caused an increase in U.S. futures indices: on the SP 500 futures soared to a mark of 930 points, which affected the dynamics of domestic sites. However, despite this positive external background, move the position for tomorrow is very risky - the U.S. market may go down from current levels. After takeoff futures indexes United States - against the backdrop of record as JP Morgan, as well as data on unemployment is not charged on the tools of levels - the market participants preferred to any attempt to fix the traffic up. Shorts again look quite tempting. Before the end of the trading market will have an impact on the publication of the U.S. index of business activity. The current day is rich in the publication of reports, some of the most important - Google and IBM - will be announced after the closing of the U.S. market. Waiting for your report data may increase the volatility in the U.S. market. In the course of the trading account and will affect mortgage company MGIC Investment, were much worse than expectations. Tomorrow reporting season continues, interest in the results of the Bank of America and General Electric. The main event of the day will be reading data from Citigroup, is the subject of the newly emerged rumors of possible bankruptcy. Thus, the maximum pressure to try the paper the financial sector. From statdannyh tomorrow to draw attention to the details of construction in the United States, which will be announced at 16:30 Moscow time. From the technical point of view, the index is traded on MICEX today, an important level of 935 points. Growth is constrained by 21-day moving average which is close to the mark 953 points. In my opinion, after a significant upward movement of the MICEX index may, in the course correction to return to the downstream channel, formed from maxima of the year. better market now views the paper Gazprom, facilitated by technical factors. The opening of the stock was above level 145 rub. That and protect the paper from the company's wave of sales. During the decline in the price level is still not firm, and shares of Gazprom rolled to the June level, which has spread. Consolidation marks around 145 rubles. recovered paper in the ascending trend, the upper limit of which is again in the role of resistance. I believe that in the event of negative moods paper Gazprom may look worse than the market. Shares of Sberbank, despite such strong statements JP Morgan, traded within a lateral trend. The main traffic corridor - 37 - 38 EUR. Tomorrow, in my view, the volatility in the paper back under the pressure of expectation statements of two major banking institutions. Paper VTB traded in the short-term ascending channel. At the time the action went slightly above it, and tested the 3.5 mark cop. But the level did not give up without a desire to buy from market participants. In my opinion, the immediate goal will make the 200-day moving average - 3,4 kop., Which also passes near the lower boundary of the channel. Current growth record and recommend to leave in the cache. Authorize and appreciate the story;; 3 users rated material at 3,3. Analyst Ratings
Privatization Odessa port plant agreed with the President of Ukraine Viktor Yushchenko. This was announced today at a press briefing, First Deputy Secretariat Chief of Staff Oleksandr Shlapak. This position was agreed with the President - he said. He noted that the earlier decision of Mr Yushchenko to ban the privatization of AEs were related to the fact that the privatization of the company was scheduled to be held in a package with several other objects with which the head of state did not agree. Now, according to A. Shlapak, agreed to a separate sale of IPF. As reported, the State Property Fund of Ukraine (FGIU) yesterday announced a competition for the sale of public shareholding of 99.567% of JSC Odessa Port Factory. According to the initial price set at 4 billion UAH. The contest will take place through the 75 days since its announcement. According to the Acting Chairman FGIU Dmitri Parfenenko, realizable price of the planned sale of state JSC Odessa Port Plant 'could amount to nearly $ 1 billion Recall competition on sale of 99.52% stake in Odessa port plant planned to held on 20 May 2008.
At 16.00 Moscow time the price index value was 115.45 RGBI. Compared with the closing of the previous day, he rose to 0.24 Point (0.21%). The volume of trades in the market for government securities amounted to 25.56 billion rubles. Yield on bonds RU000A0JQ623 with the date of repayment in December 2009 was 8.27% (0.02 percentage point), SU25063RMFS7 bonds with maturity date in November 2011 - 11.72% (-0.08 percentage points), on bonds with SU25065RMFS2 maturity date in March 2013 - 12.15% (-0.11 percentage points) on the bonds SU25066RMFS0 to the date of repayment in July 2011 - 11.5% (0.03 percentage point), SU46003RMFS8 bonds with maturity date in July 2010 city - 9.57% (-0.07 percentage points). C sub-federal and municipal bonds reached 155 transactions amounting to 823.19 million rubles. Yield on bonds IrkObl31-5 with a maturity date in October 2011 was 16.04% (-2.62 percentage points) on the bonds MGor41-on with the date of repayment in July 2010 - 11.1% (-0.33 percentage points) , on bonds IvObl34-1 with a maturity date in November 2010 - 21.03% (4.41 percentage points) on the bonds MGor59-on with the date of repayment in March 2010 - 11.26% (-0.13 percentage point), bonds MGor44-on with the date of repayment in June 2015 - 15.11% (-0.05 percentage points). C corporate bonds concluded 1259 transactions in the amount of 13117.18 million rubles. Yield on bonds VTB-LizF02 with the date of repayment in July 2015 was 14.72% (0.16 percentage points) on the bonds IKS5Fin 04 with the date of repayment in June 2016 - 17.65% (-0.23 percentage point), the HydroOGK-1 bonds with maturity date in June 2011 - 14.15% (-0.13 percentage points) on the bonds RZhD-11obl from the date of repayment in November 2015 - 12.9% (-0.13 percentage point), the RZhD-10obl bonds with maturity date in March 2014 - 15.51% (0.13 percentage point). 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 market bonds. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
July 16, 2009 in Irkutsk, a meeting of the Board of Directors of Open Joint Stock Company, Irkutsk electric company (JSC IESK ), which dealt with the company. Following the meeting the following decisions: elected President of the Board of Directors of OAO IESK Azbukina Vladimir Mikhailovich (Deputy Minister of Energyof the Russian Federation). Elected Vice Chairman of the Board of Directors IESK Jakovleva Ruslana Anatolievich (Director of Legal Affairs, LLC EvroSibEnergo). appoint Secretary of the Board of Directors of OAO IESK Shmagelskogo Alexander (Secretary of the Board of Directors of OJSC Irkutsk Electrical Networks). elect the board of OAO IESK as follows: Karataev BN - General Director of JSC IESK; Khvostov AY - Director of IESK Economics and finance; Bakotina TI - Chief Accountant of OAO IESK Martynov, AN - Director for the transfer of electricity, chief engineer of JSC IESK Silin V. - Director of IESK on security and regime. To approve the organizational structure of the management of JSC IESK in 2009; approve a report on the outcome of the issuance of securities - ordinary shares in non-OAO IESK in the number of 4 682 842 177 (four billion six hundred eighty-two million eight hundred forty-two thousand one hundred seventy-seven) shares of nominal value of 4 (four) rubles 45 (forty-five) cents each, available through the exchange of 4 682 842 177 (four billion six hundred eighty-two million eight hundred forty-two thousand one hundred seventy-seven) ordinary shares in OAO IESK nominal value of 4 (four) rubles 45 (forty-five) cents each, 100% shares in the authorized capital of LLC IESK nominal value of 20 838 647 698 (twenty billion eight hundred thirty-eight million six hundred forty-seven thousand six hundred ninety-eight) rubles belonging to one party - OJSC Irkutsk Electrical Networks, by a decision of the reorganization of a limited liability company Irkutsk electric company in the form of changes in OAO IESK, on the order and the conditions for conversion, on the percentage of participants in exchange for shares of public joint stock company, the approval of the statute created by the conversion of JSC IESK on approving the transfer act, adopted by the sole member LLC IESK April 27, 2009; Create a committee to accede to the technology of electric networks of the Board of Directors of Open Joint Stock Company, Irkutsk electric company, and to determine the size of the Committee on Technology adherence to the electric networks of the Board of Directors of Open Joint Stock Company, Irkutsk electric company.
Market Overview oil 15.07.09 Dynamics Trades on the market of black gold on Wednesday 15 July, took place mostly in the Green Zone. The forecasts and data provided contradictory picture, but left the data on inventories of crude oil in the United States are placed in its place. At the New York Stock Exchange NYMEH cost of the August futures for U.S. light crude oil rose by 2.02 dollars and its price, therefore, amounted to 61.54 dollar per barrel. Sessional maximum was set at 61.98 dollars per barrel. At the ISE Stock Exchange in London, the cost of oil brand Brent rose 2.23 to 63.09 dollars per barrel. Causes Oil rose in price for the first time in the last 4 trading sessions due to higher than expected, reducing its stockpile in the past week in the United States since the country's oil companies have increased the consumption of raw materials to the maximum for almost a year's period level. American Petroleum Institute reported a decline in oil reserves to 1.16 million barrels and gasoline stocks at 2.68 million barrels in the week ended July 10. Reducing the dollar and the strengthening of the worldwide commodities only gave added impetus to the positive movement. news worth noting that China in an effort to diversify sources of energy supply will build the supply of oil from Ecuador in the number of 96 thousand barrels per day within two years. Currently, oil goskompaniya PetroChina negotiates with the authorities in this South American country on advance payments amounting to U.S. $ 1 billion on a futures contract. As it became known Ecuadorian side expressed its consent to the possibility of resale of crude oil by China to any country except Chile and Peru. What to expect? Quotations of oil could fall to 55 dollars per barrel by the end of the summer against the backdrop of a weak way out of recession and lack of stable demand for petroleum products in the United States. This year, almost absent in the United States increased summer demand for oil. What is fear? Economic optimism nahlynuvshy to market participants, may be restrained geopolitical detente. Action Movement for the Liberation of the Niger Delta declared a ceasefire for 60 days in connection with the release of one of its leaders. According to the organization, this will renew the dialogue with the Government. Review precious metals market for 15.07.09 Dynamics On Wednesday 15 July at the bid price of precious metals continued their upward momentum. Trading took place against a background of weakening of the dollar index, tracking the U.S. currency to six currencies of major trading partners, as well as the emerging financial reporting and economic makrostatistiki. As a result of trades on the COMEX, division New York commodity exchange (NYMEX) gold stood at around 939.40 dollars per troy ounce, while silver closed at around 13.20 dollars per ounce. Causes Quotations gold at auction on Wednesday otygryvali weaken the dollar by more than 1.0% on the euro. Higher prices in commodity markets, and plans to take a second incentive package put pressure on the dollar, increasing the relevance of defensive tools against inflation. Money is the main factor, as well as data on the investment demand for the yellow metal point to the care of the capital to more risky instruments. Quotations silver futures rose, with support from the same factors as gold, with an additional source of support for them has been an increase in copper prices. From the news it may be noted that the Subsoil users Chukotka Autonomous Okrug in the January-June 2009, gold production increased more than fourfold, up to 15.246 tons (490.18 thousand ounces) of silver - more than six times, to 141.9 tons (4.563 million ounces), compared to the same period last year. Total in 2008 in the region has been extracted 21,513.1 kg. gold (including: placer - 1664.2 kg.; ore - 19,868.9 kg.) and 180,876.8 kg. silver. What to expect? Bidders precious metals market continue to buy previously sold positions on gold, after prices for the metal last week, kept above the level of support for 900 dollars per ounce. What is fear? Despite the optimism reigned in the precious metals market, demand from jewelers and interest in the golden ETF is low: the largest reserves in the world of gold ETF SPDR Gold Trust on Wednesday declined to 15 tonnes. Jewelers also await lower prices. Purchases may grow if the price drops below 900 dollars per ounce. non-ferrous metals market review for 15.07.09 Dynamics On Wednesday 15 July to bid on the commodity markets were held in a growth trend. Improving the quotations in the market of raw materials mainly takes place against the backdrop of optimism reigned in the stock markets. At the London Metal Exchange LME aluminum closed at a price of 1622 dollars per ton. Copper at the close of the Exchange cost 5181 dollars per ton. Nickel in the tender price was 15875 dollars per ton. Causes metals market continues otygryvat Chinese ideas. Previously, it was expected that in June, imports of copper in China will begin to decline. However, recent data showed that imports of copper and production of copper rose to 475,999 tons in the first month of summer, and stocks over the same month declined by 5813 tons to 54,167 tons. Inventories of aluminum in Japan in June decreased by 15% compared to May. Inventories are minimal in July 2008, as demand for steel in Japan rose, with traders have reduced the volume of its imports. Demand for aluminum in Japan is improving, as manufacturers of automobiles and heavy machinery increased output following the reduction of its stocks. news worth noting that Citigroup Inc. changed the classification of shares Freeport-McMoRan Copper Gold Inc. to hold to buy, based on the belief that copper prices should recover in the next two years. The forecast for the ongoing volatility and weakness in copper prices in the short term, the recent increase in stock Freeport, as well as new forecasts for raw materials forcing Citigroup to believe that investors need to look at Freeport fresh eyes. What to expect? While the purchase of Chinese gosrezerv likely to diminish in the coming months, the relatively low and reducing the glut of supply in the longer term, spoken in favor of a favorable price forecast. In addition, the increased optimism of speculators, in addition to improving global economic conditions could stimulate demand and moved up the prices of metals. What is fear? Exchange picture shows us that the metals are still in a trading range and in the plans is not expected rapid shift. The market is still vulnerable to inertia in trading costs due to concern over the worsening economy and massive unemployment and a reduction in demand from developed countries. It was expected that the economies of developing countries provide a large share of demand and thus uderzhat lower the bar for metal, but still need to see whether this demand offset weak markets for the economically more developed countries. Authorize and appreciate the story;; 1 users rated material 4. Analyst Ratings
Dynamics U.S. Dollar continued its decline. This pair of EUR /USD has reached 1.4130 marks, a pair GBP /USD rose above 1.6400, a couple of USD /CHF fell to 1.0720. Japanese yen also fell against other currencies. This pair USD /JPY has risen above a mark 94.00, and a pair of EUR /JPY reached a mark of 133.40. Commodity currencies also rose against the dollar. Thus, the pair AUD /USD rose to 0.8050 area, a pair NZD /USD short overcomes mark 0.6500, a couple of USD /CAD practically reached 1.1100. Causes The next piece of data from the United States has helped improve investor sentiment, resulting in risky currencies, stock indices, as well as energy prices have shown a sharp increase. But the dollar has suffered and the Japanese yen, which has lost part of its position, including against the U.S. dollar. From the published data most encouraging was the index of business activity in the manufacturing sector of New York, demonstrating strong growth. Also increased and the consumer price index, while the reduction in industrial production was less significant than expected.
index of the Tokyo Stock Exchange Nikkei (Nikkei) has grown by 74.91 points (0.81%) and closed at 9344.16. Yield 10-year Japanese government bond is 1.345 (has grown over the previous closing on 0.015). Index of the Hong Kong Stock Exchange Heng Seng (Hang Seng) has grown by 294.91 points (1.62%) and is located at 18553.57. Exchange Dollar /yen fell on the Asian session, to 93.71. Rate euro /yen fell to 131.82 marks. Today the exchange rates adjusted slightly after yesterday's major movements. Currency Australian and New Zealand's dollar also fell against the yen and the dollar. Investors have begun to close their positions on more risky instruments against the yen and the dollar after the publication of data on GDP growth in China. The rate reached the level of 7.9% in the second quarter compared with the previous year. Some economists expect the rate exceeded 8.0%. Investors are still monitoring the financial reporting of U.S. companies for the second quarter. This week, still awaiting the publication of financial statements of such companies as Bank of America, JPMorgan Chase, Google, General Electric, IBM.
Strong upward motion of the market, emerging since the beginning of the week continued on Wednesday. RTS and MICEX indexes climbed to 2.46% and 5.59% respectively, clearly tracing simultaneous movement in the markets of Europe, as well as improved conditions in commodity markets. The weakening U.S. dollar, falls to $ 1.413 per euro contributed to the asset value almost everywhere, and the growth yield on U.S. Treasury bonds (10 years) by 11 basis points showed preservation of optimism on the stock exchange. This result is determined primarily by the news of major corporations, publish quarterly reports. Output data of Intel Corp., Demonstrated a high profit, and noted the rapid growth in demand for personal computers in Asia, has become an occasion to break up the entire technology sector, which grew by 4.2% on the day (index GSPT). However, not much behind us and in other sectors: financial sector players have managed to rise yesterday at 4,11% (GSPF), the mining industry - at 4.03%. Additional optimistic forecasts of the Fed gave the quotes published in the last minutes of the meeting the regulator. While economists expect in 2009 a higher unemployment rate (10,1%) and inflation (1.4% versus 1.0% previously), they also note that the pace of economic recession slowed. Thus, for the year may amount to a decrease in GDP is not 1.5%, as expected before, but only 1%. It is noteworthy that in the rest of the stock sites today, also a positive trend prevails. And, although this trend is uniquely described as sustainable is difficult: the growth in Asian markets in early trading session, managed to change correction, the key indices are in positive territory. Index NIkkei, Kospi, Hang-Seng grow at 0.81%, 0.8% and 1.62% respectively. The rise of the Chinese market is particularly confident, which helped out of the GDP. The growth in the second quarter to 7.9% (annualized) was higher than forecasts, and shows the success of government incentives. In our view, this background can be expected to continue lifting the Russian market. Please note, however, that the volatility associated with the reaction of investors in the corporate statistics, will not contribute to the preservation of a stable trend in the near future, and by the end of the week is not excluded a small correction scenario. Authorize and appreciate the story;; 4 users rated material at 3,2. Analyst Ratings
16.07.09 condition at 10:00 the Kiev Banks and Items of currency exchange (PAE) is most often buy 1 USD at the price of 7.7600 UAH, that expensive at 2.00 cop. than yesterday and offered at a price of 7.8400 UAH, that the more expensive cop at 4.00. of the Bank and the Stand for purchase 1 USD fluctuate within 7.7200 - 7.7600 UAH. Best Offers to buy 1 USD at this time set in the following banks and Stand: 7.7600 UAH - Globe;, Daniel;; Diamantbank;; Credit-Dnepr KF;; Legbank;; Poltava-Bank KB;; Prime Bank;; Financial Initiative;; YUZHKOMBANK CA;; Unexbank;; Unexbank CAUX number 1;; Absolut;; Akroprom;; Arsenal;; Artada;; EURO;; Internet;; Margin;, Nick; ; 7.7500 UAH - Akkordbank;; Aktiv-Bank;; Eurogasbank;; Prominvestbank;; of the Bank and Stand for sale 1 USD fluctuate within 7.8200 - 7.8600 UAH. best selling 1 USD at this time set in the following banks and Stand: 7.8200 UAH - INDEX-BANK;; Akroprom;; Arsenal;; Internet;; Nick; 7.8300 UAH - Aktiv-Bank;, Alfa Bank;; Credit-Dnepr KF;; Ukrgazprombank;; Unexbank CAUX number 1;; Margin;; ; Today Banks Stand and most often buy 1 EUR for the price of 10.9200 UAH, that expensive at 12.00 kopecks. than yesterday and offered at a price of 11.0500 UAH, that the more expensive cop at 5.00. of the Bank and the Stand for the purchase of 1 EUR fluctuate in 10.8200 - 10.9300 UAH. Best Offers to buy 1 EUR at this time set in the following banks and Stand: 10.9300 UAH - Arsenal;; 10.9200 UAH - Diamantbank;; Legbank;; Poltava Bank KF;; YUZHKOMBANK CA;; Akroprom;; Artada;; EURO;; Internet;; Margin;; Nika;; of the Bank and Stand for sale 1 EUR vary in 11.0000 - 11.1500 UAH.