On Thursday, the MICEX index fell by 1.5% and the RTS index - by 2.8%. The turnover on the MICEX index was 56 billion rubles. The index of second-tier shares RTS2 suspended a series of growth and decline (-0.7%) for the first time in nine trading sessions. Morning 2.5%-ing the gap was closed by the beginning of the trading on the LSE. In a subsequent motion for quotations are divergent in nature. Outsiders Tuesday - CMI shares and OGK-5 - was the day the leaders of growth. By contrast, the stronger the market yesterday, shares fell Raspadskiy (-4.5%), which have been leaders in growth in the previous day. In the first half of a well-reported Polyus Gold (2.4%). For information about the possible sale of blokpaketa MMC Norilsk Nickel, owned USRusal, shares fell by 3.9%. Industry index MICEX Oil Gas rose a second day in a row below the MA60. Sectoral index of the electricity sector also yesterday Breaks down the same level. It showed the largest drop in shares of FGC (-2.2%), OGK-2 (-3.5%) and TGK-1 (-3.7%). The positive dynamics of shares shown IDC Center (2.5%) and TGK-4 (2.2%). In the telecommunications sector grew Dalsvyaz shares (0.73%) and Tsentrtelekoma (0.3%), shares fell Sibirtelekoma (-6.6%) and ITT (-2.8%). am opening with 2.5% gepom down was quite a risky step by the bears, but packed in the current tactics tupogo following the U.S. futures. The point is that the zone of around 980 p. MICEX index is characterized by low-income trading positions. Line 20-day break-even position is currently at level 988 section, and the 60-day items - at around 991 p. Thus, the kink in the morning, these lines could be justified only if a sufficiently serious negative. Fast closing gepa before bidding for LSE indicated that the morning traffic has proved to result from local creativity. According to the dynamics of volume, turnover of securities in the rebound was higher than in the fall, suggesting the presence of the support of the continued interest of investors. However, buyers still are not in a hurry to return to the market. The turnover on the MICEX index yesterday was lower than on Tuesday (cf. 65 and 56 billion rubles.). Medium-term investors will wait until Friday report on U.S. GDP. Intraday consolidation MICEX index near break-even level of ACE-60 (991 p.) - superfluous confirmation. Short-term speculators largely minimize the risk, although the portfolio has not yet been fully unloaded. We can not change your outlook and look forward to the end of the week to reach the level of consolidation. Turn - on Friday /Monday. Of course, yesterday's drop in oil prices and jump in the dollar could put pressure on the nature of today's auction. Among the next levels of support are the 50% Fibonacci level-ing (p. 955), unclosed gap of 20 July (p. 966), as well as break-even level for all trading positions open for the last 9 months (p. 971). Also continues to monitor the signals on an index SP500. Here is the consolidation of a fairly narrow trading range continues to the last four trading sessions, as if to watch the dynamics of the index, given a basket of world currencies, the index increases over this time. Yesterday's closing (975.15) are also gives hope to preserve the upward trend. Authorize and appreciate the story;; 2 users rated material at 3,5. Analyst Ratings
International Monetary Fund has provided Ukraine third tranche of credit amounting to over $ 3 billion Most of the funds will be directed to finance budget deficits. To achieve this Cabinet succeeded by taking a series of commitments, including promises to increase tariffs on utility services and to freeze the growth of social payments. Implementation of these plans will allow the economy to survive, but can hit the image of the government. Late in the evening on Tuesday the Board of Directors of the International Monetary Fund (IMF) decided to provide Ukraine the third tranche stand-by credit of $ 2.12 billion SDR (Special Drawing Rights, the Special Drawing Right, according to yesterday the rate $ 3.13 billion). Press Service of the IMF reported that the tranche will be $ 3.3 billion and the total amount that the IMF has already disbursed the Ukraine in 2008-2009, reaching 7 billion SDR (about $ 10.9 billion). The size of the entire line of credit - 11 billion SDR ($ 16,4 billion). According to the head of the IMF mission in Ukraine Dzheyly Pazarbaziolu, tranche was allocated to the previous conditions. Recommendations of the Government remain unchanged - detailing the commitments of Ukraine under the IMF program and a clear control over the accuracy of their implementation, - she said. detailed description of condition of the loan are contained in a memorandum on economic and financial policies. It Ukrainian authorities, in particular, undertake to keep the deficit in the state (the sum of all budgetary and extra-budgetary expenditures) in 2009, within 6%, and the next year - at the level of 4% of GDP. To fulfill this obligation Cabinet has pledged this year to raise fares by 20% for thermal energy to consumers (1 September) and teplokommunenergo (1 October). Thus, the new fares would cover 31% and 43% of the price of imported natural gas. tariff increases in 2010 should be quarterly - until they reach the level of the cost of energy. In addition, the Government promised this fall to conduct the privatization of the Odessa port plant and several облÑнерго, prepare the documents necessary for tax and pension reforms, to return charged on unpaid utility charges, waive a tax amnesty and a moratorium on the tax audit, as well as not raise the minimum wage and pensions (in the event of such a bill Verkhovna Rada - vetirovat it). In the financial sphere Cabinet has made a commitment to refrain from attempts to restrict the independence of the NBU, to accelerate the implementation of the program to recapitalize the banks by the end of September to develop a program to deal with the problems of non-systematic banks, and before May 2010 to take all the bills, aimed at the introduction of consolidated banking supervision . Currency market reacted positively to the news for Ukraine, IMF tranche. For yesterday, at Interbank dollar lost in the price of just 5 cop. According to the system UkrDealing, bidding opened quotations 8,10 /8,20 grn /$, by noon rate was 7.9395 /8.1405 UAH /$. At the close of trading session of the course came to 8.040 /8.159 UAH /$. Currency indicator was 8,15 /8,2 UAH /$. Cash market has not had time to react to the news, to keep at the level of Tuesday. According to the portal Finance.ua, the average rate of U.S.
After opening can see a weak attempt cannon Yesterday the Russian market continued corrective movement on the background of falling of quotations of oil and the strengthening of the dollar against major world currencies. Worse than the market looked like the banking sector against a background of weakening of the ruble. In the positive side again distinguished paper magnet, which is currently perceived by investors as a safeguard. In addition, better market shares of producers of fertilizers looked at the background of positive statements for the 2 nd quarter. Trades in the United States took place in a moderately negative zone in the background were significantly worse than expectations of orders for durable goods. Much worse than the market traded securities of energy sector on the background of continuing correction of oil prices. At the end of the trading Dow Jones index fell by 0.1%, S P500 declined by 0.5%, NASDAQ fell 0.4%. External background at the opening of the Russian market is moderately negative. Japanese Nikkei rising 0.3%. Chinese Shanghai Composite drops to 1.1%. Oil brand Brent traded at $ 66.8 marks. Futures on the U.S. S P500 grow at 0.4%. Today, we see the opening of tenders with gepom down in the Russian market. The pressure on the market will have a drop in oil quotes, which continued after the closure of the Russian market. In addition, another wave of falling ruble will have a negative impact on the quotations of securities banking sector. Nevertheless, we are currently witnessing rebound in currency and commodity platforms, enabling to calculate the movement after the opening up of Russian sites. Today and tomorrow we expect to see a large block of statistical data on the United States and Europe. It appears that volatility in the market will be large, and the final motion vector is determined by the markets only after all of these data. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
On Wednesday, July 29, the main American stock market indices in the first half of trades have shown negative dynamics against a background of falling prices for oil and metals. According to the Office of Energy Information (EIA), stocks of black gold in the last week rose by 5.1 million barrels to 347.8 million, while expected to drop to 1.3 million barrels. The published statistics on orders for durable goods in June had also not optimistic on the market, as well as the value of the index declined by 2.5% against the projected decrease of 0.6%. By 20:13 AM EDT barometer blue chips Dow fell to 0.495% to the value 9 051.67 points, a broad SP 500 index fell by 0,675% and reached 973.01 points. The rate is fairly high-tech companies Nasdaq stock reduced to 0.640% to 1 962.87 points. Papers cheaper commodity companies in connection with the fall in oil prices and metals. For example, shares of the largest in the U.S. aluminum producer Alcoa lost 2.31% of the cost. Quotations Exxon Mobil fell to 1.63%. The market capitalization of Chevron fell to 2.02%, and shares of ConocoPhillips lost at 3.85%. The latter also reported today that falling profits on the basis of the second quarter by 76%. quotes Morgan Stanley became the easier to 3.25%, after Goldman Sachs analysts lowered the rating of securities companies to buy to neutral on the background of the expected fall of the investment-banking revenue and brokerage units.