Russian stock market remains true to himself - very sharply reacts to small Drawdown in foreign markets A small correction in the oil market after the quotations of futures for Brent recovered to maximum marks the beginning of the year and the same small-scale decline in the western areas caused the stock on the Russian stock market aggressive fixation profit. The drop in stock quotations FSK, Gazprom, Polyus Gold and Uralkali during yesterday's auction exceeded 5%. Domestic stock market once again confirmed his description of an emerging market with high beta. RTS and MICEX index finished the day just one step from the important psychological level of 1000 points. Of Perforation stock indicators these circular marks down could be seen as asurrender of bulls major line of defense, and the development of a deeper decline in the market. As we expected, left worse than the projections on the confidence of consumers in the United States became the defining figure for yesterday's trading session on the stock markets. They reaffirmed the doubts of many players in the validity of the growth the past few weeks. Players are waiting for new assessments of the current state of U.S. economy, which will go this evening beige book. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Weakening hryvna continue under the pressure of the payment of external debt, payments for imported gas devalvatsionnyh and expectations of the population, but the National Bank of Ukraine (NBU) can have a significant impact on the profile of exchange rate dynamics, the respondents believe the agency Interfax-Ukraine bankers. The market expected devaluation of hryvnia, though not so fast. I think that the decrease of several stalled at the level of 8,3 UAH /$ 1, but in future it is possible further reduction to 9 grn /$ 1. caused by the fall of the planned large payments External debt. The population is at the slightest sign of instability immediately tries to draw the accumulated grivnevuyu a lot of currency, thereby increasing trend , - said Deputy Head of the BM the Bank (Kiev), Taras Kiyak. According to experts, demand for the currency as a population, which becomes a currency in anticipation of a new wave of devaluation of hryvnia fall, and entities seeking to withdraw from foreign currency loans in grivnevye. Devalvatsionny trend is due to fundamental factors and the growing imbalance between demand and supply of currency in the market ... Seeing the scale of supply and demand imbalance, the National Bank, apparently realized the hopelessness of the active opposition of the Trends and limited its presence in the market, as well as access to bank currency intervention : it instantly spurred rate is even higher, - Director, Treasury has added one of the largest banks in Ukraine. As reported, the weakening hryvnia to the dollar accelerated in June and July: June 15, with the hryvnia rate on the interbank foreign exchange market has declined from 7.63 UAH /$ 1. However, the maximum daily change was recorded in the period July 28: one day in the Interbank market rate has fallen to 8,17 grn /$ 1 with a 7.955 grn /$ 1 on the basis of the trading the previous day. Interbank Rate hryvna to the beginning of the year fell by 1.5% (from 8.05 UAH /$ 1), losing the exchange rate of achieving the first half. The reasons for the devaluation of hryvnia - the purchase of dollars for settlements NAK Naftogaz of Ukraine with the injection of gas in storage and devalvatsionnye expectations - said board member Prominvest (Kiev), Vladyslav Kravets.
Large-scale diversion of liquidity for the ongoing deployment of treasuries, the decline in consumer confidence in the States, as well as corporate prievshayasya have statistics, were the main factors leading to the fixing of profit in the risky assets on the basis of bidding. Quotations of petroleum Class I at the tender light in the States fell to $ 66.79 a barrel, and may continue to decline against the backdrop of expected growth stocks in the United States. The Russian market, which lost more than 3% yesterday, today, may continue to fall to 980 section of the MICEX index. Throughout the day, changing U.S. indexes traded in narrow range, balancing between conflicting signals, which gives the U.S. economy. On the one hand, the data indicated a slowing pace of decline in real estate prices, which suggests the stabilization of the situation in the troubled sector of the American economy. SP Case Shiller index showed a weak recovery in real estate prices in May in 13 of the 20 United States metropolitan areas. On the other hand, the continued decline in consumer confidence (Conference board index fell to 46.6 on) and the growing uncertainty of consumers in the preservation of jobs suggest that recessionary processes have not yet been overcome and in 2009-2010 in the American economy will have to deal with a record Low domestic consumption and high unemployment. Corporate statistics are not encouraging of optimism in investors. Deutsche bank beat expectations of experts, showing 68% priros profit in the second quarter, but shares of the Bank is still down because of fears of growth of overdue debts. Reporting BP also exceeded expectations due to paper income, but nevertheless reflected a 53% drop in profits due to the collapse in the oil market. The pressure on the stock market continues to lean to a primary record in the market treasuries, which has become a major factor, but not the reason behind the exodus of capital from risky assets. The volume of placements treasuries this week is $ 215 billion, which almost corresponds to program the Fed to purchase securities before the end of the year. While it is the expectations of today's entry into the market the Fed to hold Treasury securities yield treasuries at quite high levels. However, support for the Fed may not be comparable to the volume of securities put up for auction today and tomorrow ($ 67 billion). Apparently, due to the outflow of capital leading global stock indices could lose about 2,5-3% in the week. The outflow of capital from risky assets has led to record profits in the Asian markets. Index MSCI Asia falls for the first time in 11 days (-0.6%). Growth in Japan, supported by increases in the recommendations on a number of shares, opposes the fall in Hong Kong at 1.7%, China (-1.7%), Australia (0.5%) and Korea (-0.3%). from correction in the market of raw materials are most affected stocks of oil companies and representatives of non-ferrous metallurgy. However, the largest steel company, by contrast, continues to grow with the support of strong accountability. The most significant factor for the Russian market, especially in the context of heated debate filling the budget of Russian Federation, are the oil quotas, which seriously proseli on the basis of trades in the U.S. and Asia. API data show an increase of oil reserves in the United States, which suggests similar trends and indicators in the record the Department of Energy (EIA), which will be released today. As a consequence, during the day quotes black gold will remain under pressure, that would be for the bidding to pull down domestic indices. We believe that after yesterday's fall of more than 3%, selling at the opening today will be reserved and some support will be at the level of section 980 of the MICEX, but perhaps it will be broken. Of the major macroeconomic news today worth mentioning the data on orders for durable goods in the United States, which is expected to decrease by 0.6% in May against the growth of 1,8%, which could serve as a new opportunity for sales. From corporate news, you can select one of the conditions for debt restructuring RusAl creditor banks, which encourages him to sell 25% stake in SMC for achieving them with the prices in the $ 7.5 billion, right now the entire package is worth $ 4.5 billion and probably grow stocks SMC will have a long time. For neftyanki in general has become fundamentally positive statements TNK-BP: says that the company returned to profitability last year EBITDA: the fall in oil prices has compensated for the devaluation of the ruble, tax cuts and savings to the state. These same experts are awaiting results from other oil companies. Net income Novatek to RAS in the II quarter of 2009 amounted to 6.19 billion rubles., the company said. Results for six months - 6.825 billion rubles. (-24% By 2008). The result is not so bad, if you compare it with the same oil. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) has fallen on 16.04 item (-0.31%), and is at the level of 5235.51. The index of London Stock Exchange Futsi 100 (FTSE 100) fell by 25.10 points (-0.55%), and is at the level of 4561.03. The index of the Paris Stock Exchange BuyThisBook 40 (CAC 40) dropped 8.51 points (-0.25%), and is at the level of 3363.85. September futures on the index S & P 500 (SP 500) at Globekse (Globex) dropped 4.7 point at 975.2. Opening of the American stock index today is expected to bottom. rate euro /yen fell in European session, with a mark of 135.96 to 134.32. Rate euro /dollar adjusted level of 1.4300 to 1.4220. The weakening of the euro contributed to a decline in the quotations for the European stock exchanges. Closing a position on the risky instruments has contributed to the decline in world oil prices. The price of oil in New York fell below the 68.00 dollars per barrel.