results of the previous day: In the middle of the week the balance of forces on Russia's stock market did not change. RTS index fell by 0.5% to 1254.52 points and the MICEX index - by 1.3% to 1197.2 points. Trading volumes remained at their previous values. end of the quarter and fiscal year in the United States, when portfolio managers traditionally combs portfolios in order to get good bonuses, did not provide substantial support for world markets, as has coincided with the publication of GDP data for the II quarter of the U.S. and the number of new job in the private sector on the basis of the month. As a result, most market participants froze in anticipation of the issuance of statistics, and decided not to take part in koposhenii stock markets in the prevailing side corridors. not have driver and could not shake of traders to comments of representatives of the U.S. monetary authorities. So Richard Fisher, head of the Dallas Fed noted that the Fed is likely to tighten monetary policy at the same pace as it has been weakened in the acute phase of the crisis, implying that the previously issued a similar opinion of Kevin Uorsha, his colleagues, finds supporters. Philadelphia Fed President Charles Plosser has, went further, saying that the Federal Reserve to maintain its credibility, may have to proceed with the restriction policy, even before the moment that the inflation indicators (unemployment, capacity utilization and inflation expectations) will indicate increasing risks to price stability. morning paper in China PMI index, calculated by analysts the bank HSBC, which demonstrate continued business activity in manufacturing and with recently published data on lending to the economy has weakened the degree of fear that the Chinese economy slows down its pace, the mood in equity markets also not affected. Only the oil market in light of the slight weakening of the U.S. dollar awaken from their slumber and demonstrated willingness to go higher once again taken the resistance in the $ 67/barr. on the sort of WTI. However, expectations that the official estimate of oil and petroleum products will be the same moderately disappointing, as data from the API, wary willing to buy oil chips. Thus, Russia's stock market was doomed to have to stay in the range of 1200-1220 points on the MICEX. The morning surge of optimism was crushed at the gates of its upper border, where resistance was made by the upper bound of the educated in the last two weeks of the triangle. However, the ensuing downward movement was met with buying support after it became clear that in Europe, the case will take shape in a neutral manner. It released the data on unemployment in Germany yavili pleasant surprise, fixing its rate (8.2%) 0.1% lower compared with the previous month and 0.2% lower than forecast. Pinned quotes from profit-taking and fresh semi-annual report from the IMF, which was reduced estimates of losses from the financial crisis in the world to $ 3.4 trillion. compared with the previous estimate of $ 4.1 trillion. The resumption of oil price increases closer to the statistics from the United States brought up the MICEX index to 1,220 points from the output above the upper bound of the triangle, but this bar to conquer yet failed. The reduction of jobs in the private sector, as shown by a report from ADP, to 254 000 compared with expectations of 167 000 had no time to greatly disappoint investors because fifteen minutes later, it became known on the improvement of GDP for the II quarter. Compression of the U.S. economy during this period was 0.7%, whereas the previous score was -1%, and the revision in accordance with the consensus forecast had been expected in the direction of a minor deterioration (-1.2%). The positive shift was due to lower than expected reduction in export performance, capital investment and consumer spending. Moreover, in the direction of increasing the value of sales was revised, which improves the prospects of capacity utilization in filling the empty warehouses and is a sign of improvement in general. But rejoice bulls was not long. A cold shower for them was the disclosure index, ISM Chicago, the introductory appearance of the total ISM in the production sphere. Indicator of business activity in the zone of the FBI Chicago (46.1) does not meet expectations (52.0) were below the border mark in 50.0 points. Thus, it was on a par with the recently published orders for durable goods and sales in the housing market, led the doubt that the markets are at adequate levels to reflect changes in the real economy. Despite the fact that the Chicago ISM is moderately positive contradicted those of other Fed and in general is a very volatile stock markets went into a tailspin, which is very revealing and may indicate a willingness to go to the rehabilitative course. MICEX on the background of the deteriorating situation in foreign markets and at higher speeds went down, breaking through the 1,200 points, once again near the line of medium-term trend is up. Workaround for retesta curtain trades managed by the moderately optimistic data on stocks of petroleum and petroleum products from the Ministry of Energy, USA. Despite the increase in oil prices in the day in the role of outsiders proved oil and gas sector (Micex OG -1.52%), where the greatest losses occurred in the shares of Tatneft (-2.0%) and Gazprom (-2.5%). also considerable pressure was felt in the other most liquid sector of Russia's stock market - financial (Micex FNL -1.44%): VTBBank (-2.98%), Sberbank (-1.32% obyk., scion. -1.39%) - which is bad old signal. Ideas for growth found in the metallurgical sector (Micex MM -0.38%) in shares of United Steelworkers: CMI (2.25%), NLKM (1.63%), Severstal (0.0%). In stock analysts last Banc of America Securities - Merrill Lynch has been significantly raised the target price and recommendation to buy, but keep the advantage to the final bidding they failed. Worse opponents looked Paper Polymetal (-1.74%) after the publication of weak reporting on the US GAAP for the first half. MMC Norilsk Nickel finished day decrease in the exchange value of 0.86%. continued rise in the energy sector (Micex PWR 0.46%), in which the demand has shifted InterRAO shares (3.64%) shares of IDC, and IDC Holding (obyk. 3.25%, scion. 2.71%). The latter began to reduce the spread to shares of FGC UES (-5.88%), which after several sessions of shock began to cool. Shares RusHydro were also in the jet (0.38%) by improving on his recommendations to buy by analysts JPMorgan Chase. look at today's market: The American stock market (SP 500 -0.33%) completed the auction on Wednesday in the negative zone. Initially discouraged investors trades released index Chicago ISM, falling below the boundary level in 50 points, forcing ignore improving GDP estimates for the II quarter. After the emotional sales followed by gradual recovery to the levels of the early days, has not lost power after a statement by the Vice-Chairman of the Fed, Donald Kohn, acceding to the opinion of his colleagues Uorsha, Fisher and Plosser has that monetary authorities may have to begin tightening policy before than the need for this will indicate the macroeconomic variables. But at the end of trading emerged uncertainty that should endure Long through the night in the run-up published the next day another fairly large portions of statistics quotes back into negative territory. In addition to representatives of the Federal Reserve in ribbons news agencies spoke of its former head, Alan Greenspan, who predicted the rise of the American economy in the 3-4% in the second half and further easing, which should lead to the end of the rally in advance of the real economy stock markets. Futures on the U.S. indices (SP 500 -0.12%) on Thursday settled below the neutral mark. At the Asian stock markets (Nikkei 225 -1.44%, Shanghai composite 0.9%, Hang Seng -0.28%), as before, there has been relatively inactive countervailing dynamics. Event of the day was the publication of the quarterly index of business sentiment among Japanese businessmen Tankan, which was better than forecasts. However, the worst performance of capital investments compared with expectations of spoiled the whole a positive effect. At the international currency market situation during the night did not change, that did not prevent the quotations on commodity markets continue to move upwards. Especially distinguished oil prices, which flocked to $ 70/barr. Driver was the reduction in gasoline supplies and increased demand for them according to weekly data from the Ministry of Energy, USA. On Thursday, Russia's stock market is likely to continue fluctuations within formed in the last two weeks of the triangle. Yesterday, in moving up an obstacle made his upper bound. Today after the morning opening with a break up and movement to his lower boundary line and the medium-term upward trend (1190 points on the MICEX index) due to slippage in oil prices below the $ 70/barr. may have technical buying. Their strength, and then where will complete the day today, Russia's stock market: the positive or the negative zone to determine the nature overlooking statistics, which can lead to off scale above normal volatility quotes. First in the queue to be indicators of business activity in the industrial area of the eurozone and the UK (12-00 and 12-30 respectively), which in the case of a mismatch with the optimistic expectations may cause the same symptoms as yesterday's index of Chicago ISM. The comparable figure for the United States will be released in 18-00. Fiscal year is completed, the need to demonstrate good momentum to clients in investment companies anymore. At the same time, given the nervousness of the rally took place in the extent consistent with the dynamics of stock markets to what happens in the real sector of the economy will only grow. Serious investors will be assessed and data on personal income and consumer spending (16-30) in the light of the fact that the weakness in the consumer sector now represents a threat to the restoration of the economy. At 17-00, moreover, will speak Fed chief Ben Bernanke. Better the market may look like oil and gas sector. The key levels are 1170 and 1220 points. log in and see the material;; Your score will be the first! Analyst Ratings
International Monetary Fund (IMF) has improved the forecast of growth in world GDP in 2010 to 3,1% from 2,5%, which were articulated in the July report. After a deep global recession, economic growth was positive, since large-scale government intervention, support demand and reduce uncertainty and systemic risk in financial markets, - said in a report on the prospects of world economy (World Economic Outlook), published on Thursday. But the recovery is expected to be slow, because the financial system are damaged, support from public authorities will be gradually withdrawn, - stated in the IMF. - Risks remain in the downward forecast. The world economy seems to be growing again due to the strong increase of Asian economies, as well as stabilization or moderate recovery in other regions, the statement says. in 2009, the world economy will decrease by 1,1% (increase of 0.3 percentage points compared with the previous forecast), expect the IMF. IMF has also improved the outlook for the U.S. economy in 2010, but worse - for the current year. Country's GDP is expected in the next year will increase by 1,5% (increase of 0.7 percentage points on the July forecast), and in 2009 - will drop by 2,7% (a decrease of 0,1 PP .).
Oil support the market negative U.S. yesterday, has already been played domestic exchanges, however, the jump up in oil prices has not yet incorporated into prices. Consequently, despite a mixed external background, we expect growth in Russia's stock market opening within 0.5-1%, a favorite course will address oil and gas sector, particularly Gazprom's shares on the background of news about the development of LNG projects. News on Sakhalin projects will support the Rosneft. also possible increased interest in the shares of Magnitogorsk. The Company has filed an application to the FAS to increase its stake in Belon to about 80%. At full Magnitka Belon can provide about 70% of its demand for coal, in the past year, his production was 5.523 million tons The government decided to protect producers of pipes serious increase in import duties. Anti-dumping investigation against imports of stainless steel pipes was completed in December last year. It was held at the request of the Volga Tube, Sinarskiy Tube (TMK), Chelyabinsk Pipe and Tube Pervouralsk (ChTPZ) plants. The government commission on protective measures in foreign trade encouraged to set a special high duty of 28,1% on imports of certain types of pipes. Yesterday, the corresponding decree was published on the website of the government. The duty is introduced on the 19 types of stainless steel pipes with diameters up to 426 mm, including steel pipes for oil and gas pipelines. Now import duty on this type of pipes - 5-20%. Step spetsposhliny would not apply to pipes manufactured in Belarus and the developing countries, except Brazil and China. Accordingly, today we can expect speculative activity in the shares of pipe companies. The large evening American statistics to a large extent determine the completion of today's Russian auction. As always, special attention should be paid according to Labor Market 16.30 Moscow time. Initial claims for unemployment benefits (Initial Claims) as of September 25, waiting - 535 thousand log in and see the material;; 6; users rated material 5. Analyst Ratings
Indicator interbank market - the currency indicator - yesterday fell from 8,33 /8,37 UAH /$ to 8.14 /8.19 UAH /$. It is on Monday it stood at 8,43 /8,46 UAH /$. Torque and a strengthened against other currencies: the euro has fallen in price from 12,16 /12,28 UAH /EUR to 11,93 /12,01 grn /euros, and Russian Ruble - from 2,77 /2,79 grn/10 rub. to 2,70-2,72 grn/10 rub. The last time the dollar was cheaper to 8,2 UAH /$ 12 August, the peak of the devaluation took place in September 4 - 8,88 /8,93 UAH /$. This dramatic strengthening hryvnia bankers associated with the coincidence of two factors. Reduce the demand for currency by the population, which had a strong effect on the interbank market, and significantly increase the supply of currency, - said director of the Treasury, Raiffeisen Bank Aval, Vladimir Kravchenko. Reducing the population of interest to the U.S. confirms and statements of the National Bank. Yesterday NBU sold in the foreign exchange auction in support of individual borrowers total $ 37.97 million, while trading on Sept. 23 - $ 43.15 million sales rate rose at 1 kop .- up to 8,02 grn /$, while the number of banks participants decreased from 83 to 77. At the same time increasing the supply of currency was caused dokapitalizatsiey. Bankers informally say that since 28 September, some banks actively selling dollars, converted at hryvnia infusion of foreign shareholders. Thus, Vnesheconombank September 29 listed PromInvestBank recent $ 125 million from $ 500 million towards its capital. In addition, according to bankers, currency sold bidders to buy the Odessa Port Factory. According to the tender procedure participants were required to enroll 10% of the Fund of state property, and these funds were first instituted in Ukraine in the currency and then converted to UAH, - told the director of Treasury's one of the largest banks .- They are slightly changed money, but even $ 140 million (three members .- Ed.) disrupted the market.
stock market of Russia completed the III quarter of 1200 under the mark points on MICEX - the last in September auction market went into a minus on the weak data on business activity in the United States; good statistics on U.S. GDP for the second quarter did not protect markets from sales . MICEX index fell on Wednesday to 1,197.2 points (-1.3%), RTS index - to 1254.52 points (-0.5%), the cost of most chips on the stock exchanges fell by 0,1 -- 3%. Futures on the RTS index to closing session of the increased roll back to the underlying asset up to 25 points, indicating that the negative expectations of speculators. On MICEX, cheaper stocks of Gazprom (-2,5%), VTB (-3%), Lukoil (-1.2%), Norilsk Nickel (-0.9%), Rostelecom (-0,9%), Rosneft (-0,8%), Gazprom Neft (-0.4%), Surgutneftegaz (-1.3%), Tatneft (-2% ), Sberbank of Russia (-1.3%), Polyus Gold (-0.3%). Day market drifted in the corridor of 1200-1220 points on MICEX on the background of a growing Europe, U.S. stock futures and oil. Support for Europe on Wednesday, had good statistics for the September consumer confidence in the UK (GfK confidence index rose to minus 16 points from minus 25 points in August, with forecasts of growth to minus 24 points) and Germany's labor market (unemployment fell to 8.2% at projections of growth to 8,4%). In addition, the unexpectedly strong were the final figures on the amount of U.S. GDP in the second quarter - score lower GDP was revised up to 0.7% in annual terms from the previously announced 1% (analysts expected deterioration rate to minus 1.2%). Meanwhile, published data on business activity in the U.S. dispelled all the optimism and the market returned to sale. The Chicago index of business activity in September fell to 46.1 points from 50 points a month earlier when the growth projections to 52 points. The fall of the indicator is below 50 points indicates a slowdown in the economy, the markets reacted to sales of shares due to profit taking by investors, resulting in European and U.S. indices went into a minus for more than 1%. Some support market share had grown up on Wednesday the oil that fueled the data on stocks of raw materials in the U.S. last week. Price November futures contracts for WTI crude oil to 18:45 on Wednesday was $ 67.28 per barrel (0.9%). oil reserves in the United States last week rose to 2.796 million barrels (expected to increase by 2 million), stocks of gasoline fell by 1.657 million barrels (projected growth of 1 million), stocks of distillates rose by 0.323 million barrels (expected to increase by 1 , 2%). As the head of sales IF Olma Dmitry Lobanov, Evening statistics added market nervousness and volatility fluctuations. On the statistics of GDP in the market showing signs of recovery in demand, but more important for speculators was the September statistics, so the pendulum of power swung to the side of the bears. According to analyst IK Finans-Invest Stanislav Savinov, the market on Tuesday came out of the narrow range of 1200-1220 points on the MICEX index, but more important still are the levels of 1170 and 1229 points, the passage which finally set the record straight and. According to portfolio manager of IFC Option Helena Grebenshchikova from continuing upward movement of the market holds no corrective dynamics and achieved high price levels of shares. analyst company Aton Natalia Vygodina notes that support for the market lies in the vicinity of 1175 points on the MICEX index, and resistance - in the range of 1220-1240 points, which are still relevant. analyst at VTB 24 Stanislav Kleshchev believes that the end of the month, quarter and fiscal year in the United States made a sort of additional supporting factor, because managers were interested in a high overestimation of their portfolios at the balance sheet date, which led to artificially high prices, especially in low liquidity papers.
Cabinet since Oct. 1 will require that payers of value added tax (VAT) registration tax bills in the General Register of the tax bill, which would carry the State Tax Administration, said the people's deputy Vitaly Khomutynnik. In an interview with Interfax-Ukraine deputy head of the subcommittee on monitoring and legislative support of the tax authorities of the Verkhovna Rada Committee on matters of tax and customs policy, said that while registration will be required to pass tax bills in the amount of VAT more than 1 million UAH. According to him, as adopted on September 23 before Common Questions registry tax invoices Cabinet has determined that the tax invoice is passed to the buyer, and therefore may serve as a basis for the formation of the tax credit only after such registration. Thus, stressed Khomutynnik, the government again exceed its authority in the area of fiscal management. He added that according to the order of 1 January will be subject to registration tax bills with the amount of VAT than 500 thousand UAH, and on April 1, 2010 - the amount of VAT than 100 ths.
On Wednesday, September 30th, share indexes of the United States as a result of the unexpected for analysts to reduce Chicago's business activity index for September, as well as the increase in oil inventories last week, have shown negative dynamics. not been able to dramatically help the market even better than projected, data on the final change in GDP in the second quarter. Thus, a decline of 0.7% quarter /quarter against the expected fall of 1.2% and the reduction in the previous quarter, accounted for 5,5%. Chicago business activity index for September unexpectedly fell from 50 to 46.1 points, while the projected growth of the indicator to 52 points. The increase in the weekly oil reserves in the country, as reported by the U.S. Department of Energy, also raised concerns regarding the continuing economic slowdown. At mid-auction 20:17 IST barometer of blue chips, the Dow sank to 0.57% to the value of 9 685.86 points, while the more wide SP 500 index weakened to 0.55% and reached the mark 1 054.8 points. Rate with a large proportion of the shares of high-tech companies Nasdaq has lowered 0,36% to the value 2 116.38 points. Papers commercial lender with more than 100-year history of CIT Group failed on 34,55% to $ 1.44 on fears of imminent bankruptcy of the firm. According to the information is not confirmed officially, the company is considering the possibility of obtaining financing from Citigroup and Barclays Capital. Quotations restaurant owners Darden Restaurants fallen on 8,33% to $ 33.14 as a result of news of falling sales in the first quarter to 2,3%, which was worse than analysts' expectations.