Western diplomats and politicians has become increasingly difficult to understand the political line of Russia's leadership, since the statements emanating from Prime Minister Vladimir Putin, President Dmitry Medvedev and Foreign Minister Sergei Lavrov, though not contradictory, but make it absolutely impossible to capture the essence of the Kremlin's position, writes Today the Financial Times in his article The revival of art Kremlinology. seems particularly obscure the real picture of Moscow's relations to economic sanctions against Iran. And although the president of Russia Dmitry Medvedev has officially condemned the Iranian nuclear program and reaffirmed its readiness to support sanctions as a last resort, the real position of Russia's leadership is virtually impossible to trace. And China, which opposes the imposition of sanctions, and the U.S. who are actively insist on this, convinced that Russia supports their position. interlocutors publication among Western diplomats agree that such semantic discrepancies in the statements of officials of Russia are the result of an adjusted tactics. Some diplomats believe that Putin and Medvedev will play by the rules bad cop - good cop, others, and does compare the behavior of Russian leaders on the international stage with the popular puppetry about a couple of Punch and Judy.
Bidding Tuesday, October 20, marked the decline of U.S. currency to a record low against the euro. At this time a maximum of euro settled at around 1.4992, followed by a rather aggressive sales of the single currency that was not allowed to touch a pair of important and long-awaited mark 1.5. As investor sentiment continues to dominate the optimism, which serves as the main source of corporate reporting in the United States. Nevertheless, macroeconomic statistics from the North American continent is increasingly frustrating. So, yesterday came out data on the dynamics of construction in the U.S. for September, which were quite unexpected. Construction of the decline showed up to 590 thousand from 598 thousand in the last month (forecast assumes a growth rate up to 610 thousand). The sharp decline in the index showed producer prices for the same period: -0.6% versus 1.7% (forecast assumes a reduction in the index to only 0.0%.
Russia has been buying medium adjusted to a negative external background. U.S. indexes eve showed decline, in spite of good corporate news - overseas investors confused makrostatistika sales of houses. As a result, the domestic market was opened in the red zone, and continued downward movement against the background correction in commodity areas where the cost of a barrel of Brent crude oil dropped to $ 76.6, as well as declining futures S P. At 15.00 MICEX index fell by 2.1% and is trading at 1,333 points. oil and gas sector decreased at a moderate pace: better market look Rosneft (-1%) and Surgutneftegaz (-0.7%), worse - Lukoil (-2.8%) and Gazprom (-2,3%). Lukoil today introduced a new strategic development program until 2019, which implies slower growth of oil production than the previously adopted program. The increased pressure is observed in the steel and financial sectors. Novolipetsk Steel lost 2.8%, Severstal - 2.6%. Better the market looks a paper CMI, released today its operational results. In III quarter 2009 production volume of commercial products grew by 36% compared with the II quarter of 2009 and amounted to 2 601 tonnes, while crude steel production increased by 31%. Sberbank decreased by 2,3% on ordinary shares and 2,5% - to preferred shares, VTB is traded with a decrease of more than 3,5%. The telecommunications sector has shown positive dynamics. Paper Rostelecom grow by 3,8% on the idea of pooling the assets of Svyazinvest based company. Today also came a report that Goldman Sachs removed the shares of Rostelecom focus list stocks of Russia, the most suitable currently for sale. Currently, Russia's market after the drawdown at the opening of trying to resume growth. The success of this attempt will depend on the emerging data now oil reserves, as well as corporate reports Morgan Stanley and Wells Fargo and the response by the U.S. investors. log in and see the material;; 2; user rated material at 4. Analyst Ratings
Dynamics Quotes of the oil market Tuesday, October 20 have completed their eight-day rise against the background of strengthening U.S. dollar on the currency market FOREX, and also because of the negative dynamics of the stock sites. At the New York Stock Exchange NYMEH December futures price of U.S. crude fell by 0.84, and its price, therefore, amounted to 79.12 dollar per barrel. The exchange ICE in London, Brent crude futures price fell 0.53 to 77.24 dollars per barrel. Causes Tuesday, October 20 quotes on the market of black gold have completed their eight-day growth against a background of strengthening the dollar in the FOREX market after unexpectedly gloomy statements by the representatives of the Bank of Canada and the release of the report of the Ministry of Commerce, testified of the less significant than expected , the increasing number of bookmarks of new homes in September, and by the negative dynamics of the stock sites - indexes on Wall Street have been able to recover from areas of sessional minima, but the outcome of the day suffered substantial losses, while among the components of the SP 500, about 80% completed the day in negative territory (Dow Jones industrial average - 10041.48, Nasdaq Composite - 2163.47, SP 500 - 1091.06).
Latvia could devalue the national currency - the lat, at least 15% by the end of 2010, to boost exports and reduce the budget deficit on the background of the maximum for more than ten years the pace of economic recession in the country, analysts believe RBC Capital Markets and Barclays Capital. Latvia's GDP in the second quarter of 2009 fell by 18,7%. Despite the announcement by the Government of Latvia to the fact that it has reduced costs and increased budget revenues equivalent to 11% of GDP, the European Commission predicted the country's budget deficit increased to a record 10% of GDP this year. This figure is twice the level projected by international financial organizations in the past year. Reducing the budget deficit to 5% was part of a program to stabilize the economy of Latvia, on the basis of which it has received a loan of 7.5 billion euros in late 2008. The Latvian government may devalue the currency at any time, because it simply can not afford to further cut the budget, - said a strategist for emerging markets RBC Capital in London, Nigel Rendell. Prime Minister of Latvia Valdis Dombrovskis this month said that the devaluation of the negative impact on people's savings and salaries, as well as lead to an increase of the bad loans from banks, 91% of which were issued in euros. The increase in outstanding bank loans has led to a drop in the index MSCI Eastern Europe by 21% in the first two months of this year. According to the forecast Randell, Exchange rate may fall by 30% in the next six months.
Prime Minister of Ukraine Yulia Tymoshenko hopes that the program of Ukraine's cooperation with the International Monetary Fund (IMF) will be successfully reviewed during the current visit of the Fund's mission to Ukraine. She stated this today, opening government meeting, the Ashgabat correspondent of RBC-Ukraine. She stressed that at present all the ministries and Naftogaz are working on balancing their positions, the issues of cooperation with the IMF. This work is progressing well, and we hope that the anti-crisis program, which is a cooperation program with the IMF, will be successfully restructured. And as a consequence will occur modernization of public finance, - said Tymoshenko. It was reported that an IMF mission arrived in Ukraine on October 12 and will stay in Kiev to 24 October. The Fund's experts should evaluate the performance indicators of performance criteria for the program stand-by in accordance with the Memorandum of Economic and Financial Policy of July 23, 2009, signed between Ukraine and the IMF.
number of users of internet-trading services on the Ukrainian stock exchange has grown to thousands, and at the beginning of next year, projected exchanges, their number will reach 2000. But, despite the rapidly growing interest of Ukrainians to Internet trading, before the saturation of the market is still far away, the chairman of the Ukrainian Stock Exchange Oleg Tkachenko. In his view, the capacity of our market more than 50 thousand accounts. In September, users Ukrainian stock exchanges have set several records: the volume of trades - 52,5 million UAH., the number of transactions per day - 2106. Thus 55% of transactions made on that day passed with the participation of individuals. Moreover, according to Oleg Tkachenko, if the number of transactions involving physical persons in August grew by 46% compared with July, in September compared to August - by 92%. these changes could be connected with natural persons has increased awareness of the possibilities of Internet trading and the increasing number of companies providing this service. In particular, for the last month the number of companies in its portfolio of Internet trading has increased from seven to sixteen, with a number of leading market players. Potential investors too little is known about the ability to manage their assets independently - believes Mr. Tkachenko .- Many of them do not trust banks or management companies, but when they realize that when working through internet trading their money in the long run will be balances with the NBU, and they themselves - to make transactions in real time and see their results, the prospect of playing the stock market attracts them more. In general, he noted, the activity of private investors is growing faster than the market as a whole. Today, when the confidence of private investors to banks, brokerage and ISI compromised service for Internet trading will play virtually no alternative role for professional players, as it is most convenient, cheapest and fastest way for a customer to enter the market and actively operate on it, - supports the head of trading at Troika Dialog Ukraine Vladimir Grishchenko. According to head of the Ukrainian stock exchange, the future prosperity of the stock market and improve its liquidity also contributed to the division of trading on market bids and market quotations, as well as launch a central counterparty, carried out by the Exchange in September.
      21.10.09 12:40 ;  Russia's share platforms have begun trading today, the major indices lower, facilitated by negative dynamics of world markets and lower oil prices. During the first minutes of trading on the MICEX index dropped 1.09% to 1,346.96 points, the RTS index fell by 0.1% to 1,446.14 points. Prices of the most liquid securities markets sank on 0,1-2,5%. In the leaders of growth stocks Sistema (7.853%) on the background of positive comments during the company's management held on the eve of the Investor Day. The plus also traded securities BRIC (0.803%) and Rostelecom (1.883%), recent papers have resumed growth after the eve of the Board of Directors of Svyazinvest holding company approved a plan of reorganization on the basis of Rostelecom . Paper CMI show an increase of 0.918%, playing good operational results for the 3 rd quarter of 2009, according to which the steel production in 3 quarter of 2009 increased by 31% compared with the 2 quarter of 2008. VTB Group today released its unaudited financial results under IFRS for 1 half of 2009. VTB in I half of 2009 under IFRS was 31.5 billion rubles of net loss against net profit of 16.3 billion rubles for the same period last year. Quotes Bank showing a decrease of 2,905%. Russia's oil and gas sector is in red zone, the paper Gazprom oil lost 3,04%, LUKOIL in a minus on 2,22%, Gazprom - on 1,45%, Rosneft -- at 0,87%. Today, the oil market prices slightly adjusted, black gold is trading below $ 79 a barrel. By 12.30 Moscow time on December futures for Brent crude traded at $ 76.7 per barrel, Light - $ 78,45 per barrel. By 12.30 Moscow time the MICEX index fell by 1.307% and amounts to 1343.95 points, the RTS index sank to 0.750% to 1435.32 points. Trading volume on the MICEX Stock Exchange is $ 2 769.12 million According to Dennis Spiridonov, a portfolio manager IK Finam the further dynamics of Russian sites will be determined by severalfactors, foremost of which will be oil prices. Also significant will be the impact dynamics of U.S. and Chinese stock indexes. Many of Russia's blue chips up against a strong resistance levels, and prices for black gold could not overcome the level of 80 dollars /barrel, so it is advisable to be careful with the opening of long positions.
Correction? How long? The reason for the preponderance of sales in the United States, which as always in recent times is equal to the rest of the world, served by several factors. First, the statistics on the value of production of inflation, pointing to the weakness in industrial production. Secondly, the correction in oil, which was recently the first time in the past year reached the price close to $ 80 per barrel. It should be noted that the previous few trading days of the resurfacing took place from November futures, which ended trading yesterday, the existing futures contracts, which led to smearing of the picture assessment of the price of oil market participants. In the coming days we will see whether the market is ready to support the current quotations of oil contracts. Thirdly, several companies disappointed investors edema. Corporation, submitted a weak records, in particular, Boing and Coca-Cola just turned out to be leaders in reducing, well, and the leaders of growth, respectively, those who reported good, for example, Apple and Caterpillar. The Dow Jones as a whole - minus 0,5%, SP - minus 0.62% (in the black only the technology sector), Nasdaq - minus 0.6%. pan-European index Dow Jones Euro Stoxx in the first half of the day was growing up, growth reached 1,3%, but at 16:30, Moscow time, when the Americans come to work, he moved in the opposite direction. At the end of the day decline was 0.76%. Russia market except in investor sentiment in the United States focused on oil, which, in turn, becomes more expensive or cheaper depending on changes in the dollar. So yesterday, the dollar strengthened against the euro, which impacted both the oil and on Russia's MICEX ruble index (minus 0,26% on its day). Tenders have been very volatile, the index pierced 4 times the level of the previous close and back, but the fifth time already failed. Around this same time came news of the decision of the Board of Directors of Svyazinvest's restructuring, which will be held on the basis of Rostelecom. Shares of the company, which grew a few days before and the morning of Tuesday, after the announcement of the decision of the board of directors abruptly went down, were among the leaders of the reduction and confirmed the classic adage: buy on expectations, sell on fact. Quotes depositary receipts for shares of Russian companies in the United States are exposed to levels slightly above the local market. Bidding is to premarkete indicate a decrease in the opening of bidding for all blue chips. Increasing the dollar to the euro, cheaper oil futures traded below $ 79 per barrel, indicating a continued correction. important events in the U.S. is worth noting the publication of the report before the Fed's regional banks, but it will happen after the close of trading on Russia's market - at 22:00 Moscow time. log in and see the material;; 2; user rated material on 4,5. Analyst Ratings
strong growth in oil prices observed in recent days, frightened even those who seemingly very profitable precious black gold. Representatives of the largest oil-producing countries believe that now the cost of a barrel is not correct. Organization of Petroleum Exporting Countries (OPEC) said that the price of oil at $ 80 a barrel is unreasonably high, and will not be satisfied with a return of prices to a level of $ 100 per barrel, Bloomberg News quoted words of the Secretary General of OPEC, Abdullah al-Badri. Al-Badri did not think the prices again reached triple-digit values in the foreseeable future, because there is no real shortage of supply. The rally in the oil market due to the fall of the dollar, growth of quotations on the stock markets and speculation, I'm sure the head of OPEC. Management and participating countries are concerned about the existence of the organization of vast oil and mineral oil in floating storage tanks, which are estimated at 125 million tons. While there are reserves, to talk about the growth in demand was premature. When we see that the stocks in the floating storage tanks have been exhausted, we will speak about the restoration of demand, - said al-Badri. We consider the price at $ 80 a barrel as some overpaid - he added. At the same time, rising oil prices allowed to unfreeze some previously suspended due to the downturn in the economy of projects to expand reserve capacity of participating countries. OPEC currently has spare capacity to produce an additional 6-7 million barrels of oil per day.