24-25 September in the U.S. city of Pittsburgh will be the next summit of G-20 - Meeting of Heads of State and Government of the largest economies in the world. This is the third meeting in this format, the first was held last November in Washington, the second - in April this year in London. Actually the overall objective of all the summits is to coordinate actions in the world economic crisis, when the old approaches no longer work. That is why the Twenty has a second, unofficial name - the Bretton Woods 2, by analogy with the Bretton Woods financial system that evolved after the Second World War. Searching the new format of international economic interaction of the major powers, as well as a new framework for global economic growth. The fact that the country's Top Twenty intend to work together to take anti-crisis measures and prepare the foundation for future growth say leaked to the media projects of future applications, which are planned to take in Pittsburgh. In particular, the document warns that if world powers did not restore the global macroeconomic equilibrium, they will long survive sluggish economic growth.
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 164.94 billion rubles. or 5.43 billion dollars, the MICEX Index, compared with the value at closing of the previous trading day increased by 41.9 n. (3.596%) to 1207.01 p. MICEX Oil Gas Index - rose 76.17 subsection (3.445%) to Section 2287.34, MICEX Power Index - rose 45.14 subsection (2.259%) to Section 2043.78, MICEX Telecommunication Index - rose 23.77 n. (1.673%) to Section 1444.54, MICEX Metals and Mining Index - rose to 101.91 subsection (3.388%) to Section 3110.27, MICEX Manufacturing Index - rose by 77.6 n. (5.038%) to Section 1617.95, MICEX Financials Index - increased by subsection 180.1 (4.453%) to 4224.53 p. MICEX Large Cap Index - rose 73.21 subsection (3.846%) to Section 1976.77, MICEX Mid Cap Index - rose 41.49 subsection (2.452%) to Section 1733.68, MICEX Start Cap Index - rose 95.32 n. (3.209%) to 3066.13 p. top gainers were: IRKUT-3 (40.00%) KorSsis cs (20.48%) KorSsis up (19.33%) PermMot cs (16.64%) OMZ-cs (15.50%). Losers were: ITC an (-16.83%) BashInfSv4p (-12.13%) MGTS-4ap (-8.23%) ZMZ-cs (-6.97%) Comstar cs (-6.24%). index of corporate bonds MICEX CBI CP compared with the value at closing of the previous trading day increased by 0.06 part (0.067%) to 89.39 n. As of 18:00 Moscow time with the corporate bond market concluded 1402 transactions worth 10.07 billion USD . Yield on bonds Mechel 4ob with maturity in July 2016 was 16.38% (0.92 percentage points), according to IDC South bond 2 with maturing in August 2014 - 17.3% (-0.11 percentage points) on RZD-10obl bonds with maturity in March 2014 - 12.42% (-0.06 percentage points), the bonds TGK-1 02 with maturity in July 2014 - 13.08% (-00 percentage points), bonds TsentrTel-5 with maturity in August 2011 - 11.99% (-0.19 percentage points). index of municipal bonds MICEX MBI CP compared with the value at closing of the previous trading day increased by 0.08 part (0.091%) to 88.4 § As of 18:00 Moscow time with the regional bond signed 165 deals amounting to 906.01 million rubles . Yield on bonds MGor62-on with maturity in June 2014 was 12.5% (-0.03 percentage points), on bonds MGor58-on with maturity in June 2011 - 10.98% (-0.06 percentage points), , on bonds Chuvashia-06 with maturity in April 2012 - 14% (-0.11 percentage points), on bonds MGor54-on with maturity in September 2012 - 11.68% (0.17 percentage points), TverObl 08 bonds with maturity in December 2013 - 15.28% (0.03 percentage points). value RGBI price index was 118.86. Compared with the previous day's close, it rose by 0.07 part (0.059%). Trading volume on the market of government securities amounted to 34.08 billion rubles. SU25061RMFS1 Yield on bonds with maturity in May 2010 was 8.58% (-0.13 percentage points), SU25064RMFS5 on bonds with maturity in January 2012 - 10.43% (-0.14 percentage points) on the bonds SU25067RMFS8 with maturity in October 2012 - 10.73% (0 percentage points), SU25068RMFS6 bonds with maturity in August 2014 - 11.5% (-0.02 percentage points). Following the auction MICEX currency market the U.S. dollar in the UTS with the calculations of tomorrow was 30.1687 rubles. the dollar, which is 22.04 kopecks. (0.725%) lower rate of the previous trading day. The euro at the UTS with the calculations of tomorrow has increased by 3.94 kopecks. to 44.5695 rubles. Total foreign exchange market concluded deals worth 10.38 billion dollars, which is 7.71% higher than the previous trading day. Trading volume on the MICEX derivatives market amounted to 5.25 billion rubles. Futures on USD: trading volume - 4.58 billion rubles., Quotation of the nearest futures - 30.27 rub. (-0,3 Rub.), The volume of open positions - 1.66 million counter. Futures EURO: the volume of open positions - 13,5 thousand counter. MICEX Index futures: trading volume - 640.3 million rubles., Quotation of the nearest futures - 120,710 rubles. (3870 rub.), The volume of open positions - 2597 counter. Futures on Gazprom: the volume of trades - 26.97 million rubles., Quotation of the nearest futures - 18614 rub. (683 rub.), The volume of open positions - 299 contr. Futures on Savings: trading volume - 2.46 million rubles., Quotation of the nearest futures - 5882 rubles. (340 rub.), The volume of open positions - 2260 counter. log in and see the material;; Your score will be the first! Analyst Ratings
A little more and technical analysis will disagree with our empirical sense of the market. Quotes of domestic securities are approaching a milestone levels of resistance and try to test their strength. If the levels are punched, according to the technical analysis should be open long positions. But the visual graphs of shares of Gazprom, Lukoil, VTB, and other blue chip We are not encouraged to buy - expensive. We will not find out what is stronger intuition and Exchange asleep or technical analysis, but simply go along the path of least resistance and look into second-tier securities. We like to buy a paper MTS, because today they have proven their strength over the mark of 197 rubles (line Fibonacci 38.2% correction to the fall of quotations from January to October 2008). We were wary at the same time attracts weakness shares RusHydro, which manifests itself at the general positive background of the market. We would think about buying these securities on the level of 1,039 /1,043 rubles (the lower limit of the corridor, well ottorgovannogo week ago), or breakdown, or 1.1 ruble mark (line of short-term downtrend from September 15, 2009). We also like to buy a paper Uralkali, because the graph paper clearly shows where to put a protective suspension. In our opinion, when buying shares Uralkali stop-loss should be placed in the level of 105 rubles ($ line support downstream channel from August 13, 2009), since its breakdown will be a danger rollback quotations District 90 rubles. Open up the goal of securities while modest 110 - 113 rubles (Dona end of summer). log in and see the material;; 3; user rated material at 4. Analyst Ratings
Exporters alcohol, vegetable oil and flour will be able to quickly get a VAT refund. Kommersant has learned, on Wednesday at a meeting of the Cabinet of Ministers should be considered a draft resolution which proposes to allow companies to receive arrears of VAT grain of Agrarian Fund. Scheme beneficial to companies that can not wait for compensation for years, but in this case they lose 30-40% of the amount of VAT, say market participants. At the next meeting of the government on September 23 the Ministry of Agricultural Policy will present the draft of amendments to Resolution #86 On Approval of Procedure for 2009 economic entities of the grain from gosprodrezerva, said Head of the Department of Agricultural Market Ministry Anatoly Dispersal. If the document will be exporters of vegetable oil, flour and grain alcohol will be available from the Agricultural Fund (AF) in the amount of debt owed to them for VAT and sell it later on the domestic market or abroad. price of grain will be calculated on the basis of its price on the last three trading sessions on Agrarian Exchange. Using the proposed scheme, the Cabinet expects to reimburse companies about 1 billion UAH of debt on VAT. Agrarian Fund, in turn, receives funds from the State Tax Administration, which will direct the purchase of grain in the domestic market, raising the purchase prices, said Deputy Minister of Agrarian Jaroslav Gadzalo. Initially, the draft ordinance provides for the possibility of compensation of VAT to exporters of grain of all kinds of agricultural products. But at a meeting of the Cabinet Committee decided to restrict the branches, where the debt is the biggest, - told Mr Dispersal. According Concern Ukrspirt (monopoly exporter of alcohol), the duty on the VAT front of his enterprises was 29.6 million UAH.
 Tuesday, 22 September, the stock markets in the Asia-Pacific region have shown mixed dynamics. In the absence of significant markets for macroeconomic statistics influence on the indices had increased by analysts recommendations on a number of securities companies, as well as restoring the value of commodities. The results of the auctions the regional index MSCI Asia Pacific increased by 1% to 393.23 points, Chinese CSI 300 has become easier to 2,42%, Hong Kong's Hang Seng rose 1.06%, while South Korea's KOSPI went to plus 1 , 38%. A number of Asian sites now closed due to holidays, among them Japan, where yesterday the Day of the veneration of older people, and tomorrow will mark the autumnal equinox. Samsung Electronics shares rose 3.4% after analysts Citigroup have increased the predictive value of the shares of South Korean company to 900 000 won to 1 030 000 won, citing the fact that the expected increase in demand for memory microchips have a positive impact on financial results company. Paper LG Chem jumped by 10.8%, and quotes Samsung SDI rose by 6,4% due to the fact that Morgan Stanley analysts raised their recommendations on shares of companies with at market to best market. Quotes of the Chinese cellular operator China Mobile closed in positive territory at 1.7%. The company reported that the number of its subscribers in August rose by 5.26 million people, while last month the number of new customers totaled 4.55 million Paper STX increase in prices at the auctions in Singapore 7,7%, after the South Korean shipbuilding company has signed a contract with Brazil's Vale for 25 years, involving implementation of supply of iron ore from Brazil to China. Shares Macquarie Airports increased in price by 3% after reports that Australia's biggest investment bank Macquarie Group may not require a fee of A $ 345 million ($ 280 million) provided in the event of termination of the contract with the subsidiary, if while expenditure on payment of the debt increase. In turn, the paper Macquarie Group added 0,8%. Quotes Company Tangshan Iron Steel, which is part of China's largest steel group, fell by 7,5%. The company's shares began to trade again on the stock exchange after the Chinese regulators approved a plan to integrate the Tangshan Iron Steel with associated companies. Shares Metro Pacific Investments closed in the red by 32% due to the fact that the Philippine holding company decided to sell the shares from 37%-s a discount from the last closing price. Index Country Closing (items) Delta day (%) change per day (items) value at beginning of year (the last closing in 2008) Change YTD SP /ASX 200 Australia 4,663.70 -- 13.7 -0.29% 3722.30 25.29% All Ordinaries Australia 4,671.10 -13 -0.28% 3659.30 27.65% Ho Chi Minh Vietnam 582.85 4.88 0.84% 315.62 84.67% Hang Seng Hong Kong 21,701.14 228.29 1.06% 14387.48 50.83% Hang Seng H-shares Hong Kong 12,511.55 93.21 0.75 % 7891.80 58.54% BSE 30 (Sensex) India 16,886.43 145.13 0.87% 9647.31 74.79% Jakarta Composite Indonesia 2,456.99 - - 1355.41 81.27% Shanghai A-shares China 3,040.70 -72.98 -2.34% 1911.79 59.05% CSI 300 China 3,131.03 -77.58 -2.42% 1817.72 72.25% FTSE Bursa Malaysia KLCI Malaysia 1,221.20 - - 876.75 39.29% NZSE 50 New Zealand 3,142.86 -12.79 -0.41% 2715.71 15.73% Karachi 100 Pakistan 9,436.82 - - 5865.01 60.90% Straits Times Singapore 2,685.63 37.72 1.42% 1761.56 52.46% Bangkok SET Thailand 724.37 11.21 1.57% 449.96 60.99% TAIEX Taiwan 7,469.03 -33.43 -0.45% 4591.22 62.68% PSEi Philippines 2,784.78 -4.55 -0.16% 1872.85 48.69% Colombo All-Shares Sri Lanka 2,910.54 -28.9 -0.98% 1503.02 93.65% KOSPI South Korea 1,718.88 23.38 1.38% 1124.47 52.86% Nikkei 225 Japan 10,370.54 - - 8859.56 17.05% Topix Japan 939.44 - - 859.24 9.33%
After the aggressive sales Monday, we expect to advance law-rebound upward, acts out in such a way prereprodannost emerged at the end of yesterday's auction. Moreover, the U.S. market has fallen not so much - the index of wide market S P500 only lost 0.34%. Asian markets, except for the Korean stock exchange, today is moderately reduced. Chinese Shanghai Composite lost 2.2%, the Australian market is reduced by 0,3%, in Japan the same day off. U.S. futures on the Asian session rebound on 0,2%. the oil market after yesterday's landslide continues recovery, and Brent futures added 0.67% and is trading slightly above the mark at $ 69. While all the events spoke in favor of a technical rebound up and in Russia market. The closest resistance level to address the level of 1200 points on the MICEX index. Level of support at today by the index value of 1150 points. No meaningful statistics, which could spoil the mood of investors today do not come out. The main ideas within a day, most likely the dynamics of European indices and prices of black gold. From the news, I note the new data published in the new forecast-analytical report of the IMF, prepared for the next annual meeting of the governing bodies of the Fund and the World Bank. According to experts Fund, Russia's GDP up to 2009, decreased by 7,5%, and in 2010 Russia's economy will grow by 1,5%. Inflation in 2009 in Russia should, according to the IMF to reach 12.3%, while in 2010 this figure had fallen to 9,9%. New projections for Russia worse than previous estimates of the IMF. log in and see the material;; 2; user rated material at 2. Analyst Ratings
Levels of resistance and support for today, September 22. fixed-term contract on RTS index with the performance in December: level of support for today - 117 440 (114 500); Resistance - 120 300 (123 200). RTS - support for 1208 (1185); - resistance 1247 (1268). GAZPROM - Support 174.90r.; 169.80r.; - resistance 179.60r.; 181.30r. GMKNN: - Support 3610r.; 3450r.; - resistance 3760r.; 3900r. LUKOIL: - Support 1605r.; 1565r.; - resistance 1639r.; 1672r. Rostelecom: - Support 148.3r.; 144.5r.; - resistance 151.4r.; 154.4r. Rosneft: - Support 223.0r.; 217.8r.; - resistance 231r.; 239.0r. Sberbank about. - Support 53.80r.; 52.30r.; - resistance 57.50r.; 60.30r. Sberbank, etc.: - Support 34.10r.; 32.60r.; - resistance 36.10r.; 36.60r.; Surgutneftegas: - Support 25.60r.; 24.90r.; - resistance 26.30r.; 27.15r. log in and see the material;; 1; user rated material 5. Analyst Ratings
European equity markets have completed the first working day of the week in negative territory. With enough to improve their position paper cause European investors have a desire to take profits on it, this fully contribute to the analytical unit of the leading European financial institutions, which are beginning to reduce the recommendations for overbought stocks. On Monday, among such securities were shares of companies ArcelorMittal and Endesa, which dragged down with a paper of its other sectors. Negative market impact corporate communications, so there was an information that the Royal Bank of Scotland is considering selling its stake to raise cash without increasing the state share in the bank, then began selling in the financial sector, as the still fresh memories of recent difficulties of the industry. In addition, developments in commodity areas did not contribute to strengthening the position of mining and energy companies. One of the factors reducing oil quotations to the lower boundary of the corridor $ 68 - 72 has been the decline in oil demand in China. To crown it all over markets endured the approaching meeting of the Fed and the summit of G20. American share platforms were able to partially reverse the negative trend, closing in different directions.
U.S. stock index Dow Jones Industrial Average and the Standard Poor s 500 declined on Monday after the stock quotes of banks, commodity companies, reported Bloomberg. Index futures rise in price in the U.S. Tuesday, 8:27 Moscow time to lift them up quotations 0 ,1-0, 2%. negative impact on the market have had a fear of experts associated with the fact that the recent rally in the market ahead of the prospects for economic growth and corporate profits. Last week SP 500 rose by 2,5%, from March 9, this indicator is added 58%. chief economist Gluskin Sheff Associates Inc. in Toronto, David Rosenberg believes that U.S. stocks are currently overvalued. The market was warmed technical indicators - Rosenberg said in an interview with Bloomberg Television. - He is ahead of fundamentals. I am somewhat concerned, especially with regard to short-term prospects. The market is very vulnerable, - said the chief investment officer at Fifth Third Asset Management Inc. Virtts Kate. - widely expected after such a significant retracement rally. We had run forward with the idea that the situation in the economy has improved. Investors want to get confirmation that that companies can begin to increase. Positive statistic data on the U.S. economy could not keep falling market. index of leading U.S.
fell back Russia Russia's stock market yesterday, seriously lost in the capitalization: RTS index fell by 2,81%, MICEX index has collapsed to 3.58%. Trading volume on the RTS stock exchange was $ 3.33 billion, of which $ 1.89 billion were in the tools of the derivatives market, the MICEX Stock Exchange to gain by selling 150.6 billion, turnover in Russia's key index amounted to 56.4 billion rubles. Leaving aside the technical reasons for the correction represented by the level of resistance that emerged from the annual maximum for 1200 points on the MICEX, the other reasons for the fall are the emotional and external nature (the price of primary energy source again went to $ 70). Under the emotions here refers to the fear of investors to pout a bubble, why markedly obsessive desire to get out of long positions in the appearance of any sign of the scale of decline (in these cases to speak of profit-taking). And given that, starting from Wednesday will go a solid economic news flow, investors might simply take a breather. Europe indices Strictly Light fell yesterday by an average of 0,8% - in the absence of macroeconomic statistics, and significant economic news, the players' interest has focused on three things: the events in the corporate sector, and statements and soul-searching. It so happened that the corporate sector is not pleased investors positive developments. Paul Krugman said that the economy probably reached its bottom and out of the recession will be held on the U-shaped model, ie the bottom of us a little shaken or, as Krugman himself, output will be slow and painful. With regard to the digging in itself, everything is simple: investors returned to the idea, but not too quickly, we run? To which they are forgotten in the hot season and once again remember, when the news flow dries up. America indices of the New World ended yesterday's trading raznonapravlenno with a spread of 0.25% to -0,4%, which indicates the absence of specific trends and ideas. In world markets there is no fundamental reason for the growth, so they need constant replenishment of positive news, as long as they do not appear, there is no directional motion. raw materials, currency and so on industrial metals on the auctions in London are rather neutral. Gold holds tight for a mark of $ 1000. On the eve of Fed meeting and the summit of G20 somewhat stronger U.S. dollar - strangely, because by and large no surprises are anticipated. Oil prices sank to a mark of $ 70 - oscillating motion within the lateral band continued. From the perspective of technical analysis can talk about yet another rather remarkable event: the oil quotations are testing the support level of the uptrend, which was formed earlier this year. In a moment futures for Brent crude traded around $ 69, mark WTI futures are about $ 70.25 (November contracts at 9-30 Moscow time). Statistics and Reporting today will experience an information vacuum in the sphere of economy, but because all the players' attention will be focused on any particular events, such as reporting Carnival Corp. (the world's largest operator of cruise ships), reporting ConAgra Foods (one of the leaders of the U.S. food industry) or reporting Financial Federal Corp. (one of the largest creditors of the real sector of the U.S. economy). Today begins a two-day meeting of Federal Open Market Committee U.S. Federal Reserve, which will end tomorrow, the announcement of the interest rate (change in rate is not expected, although the time has come to). Forecast opening of trading on Russia's stock market is expectedneutral, perhaps with a small gap up within 0.5%, the presence or absence of which would depend on the situation prevailing in the commodities market, the Asian trading floors and in the U.S. index futures directly began to work day in Russia. MICEX was unable to overcome the resistance level at 1200 points (probably wise to adjust it to 1230 points). Shouting fire and it is too early to panic: Yes, before the index reveals the potential to reduce to 1000-1050, but there is always a chance of turning points in 1130-1150. My personal opinion was still in favor of bears, and I believe that our market in the 1000 points or even lower this year will be more. Many experts in their assessment of the prospects for the stock market rely on monetary liquidity that central banks have injected into the economy over the period of the active phase counter the financial crisis. But it may be that big capital will go to the debt market, while the stock market would get only the leftovers. Moreover, it is correctly focussed issue of money in the hands of commercial banks, which operate with a fixed income is easier and more comfortable with. Again, many players are aware that the stock market inflated by a speculative bubble that will burst sooner or later. Do not forget that Russia looks somewhat worse than other developing countries. For some it is an occasion to predict our catching up in the future, I think it is a given, which should be put up - we have nothing to boast of as compared with the same neighbors in the BRIC. log in and see the material;; 5; users rated material 5. Analyst Ratings