Europe European markets are growing. Pan-European FTSE Eurotop 100 index of 0.84%, Britain's FTSE 100 0.59%, the German Xetra Dax 1.18%, French Lyxor Cac 40 1.12%. ECB and the Bank of England kept interest rates at 1% and 0.5%, as expected. Bank of England has kept the volume of buy-back program assets at 175 billion pounds. While the markets did not react to the decision, comments are waiting for chapter ECB. The positive report of aluminum giant Alcoa rising shares of mining and metals companies. Alcoa reported a profit after losses in three consecutive quarters. Net profit in the III quarter totaled $ 77 million against earnings for the same period a year earlier of $ 268 million Earnings per share were $ 0.04, predicted a loss of $ 0.09. In addition, the projected growth in demand for aluminum in the second half by 11%. Xstrata shares grow at 3.5%, Anglo American 3.2%, Eurasian Natural 3%, Rio Tinto 2.9%. are dropping bank shares.
For Russia's market circumstances be extremely successful in order to continue to rally and to establish new annual highs on the stock indicators. The weakening dollar, rising prices for oil and metals, the strengthening of the ruble, the high liquidity supported Russia's securities. In addition, the ECB decided to leave the discountrate without changes and comments J.-C. Trichet that the current level of rates is appropriate, also acted as promoting factors of buyers. Statistics on the U.S. unemployment was significantly better than forecasts, which caused a surge of activity on Russian trading floors. As a result - the growth of Russian indices exceeded 3%, RTS index has once again updated the annual maximum, which, in turn, only fueled the euphoria of the players. greatest demand shares of the banking sector, above all, VTB, rising more than 6%. Smooth dynamics observed in the papers of the metallurgical and oil and gas sector, where the leading position occupied by the paper Norilsk Nickel, Lukoil, Gazprom Neft and Rosneft. No reason to stop the movement started up, and it is likely that we are waiting for the continuation of the uptrend. But at the same time can not but alarm the fact that the speed with which the quotations are growing, is quite high and, faced with an obstacle, the market may well recover. log in and see the material;; 6; users rated material on 3,3. Analyst Ratings
Makrostatistika from the United States may increase the volatility of the Trade In Thursday, October 8 motion on the domestic market traditionally is pulsed. That is, depending on the results of overseas trades and formed the morning of the values of futures contracts on major U.S. indices, at the opening of Russian sites, we see a sharp spurt in one direction or another, and followed by a lateral trade. Russia market, full of optimism and maintain the momentum in global stock markets on Thursday continued upward movement. The MICEX index since the discovery reached the mark of 1,260 points, the rest of the trade took place neatly within this level. Rising prices for oil and industrial metals has allowed domestic companies in this sector to be among the leaders. Shares of Lukoil in trading added about 3% of the Rosneft 3,7%, Gazpromneft 3,3%. In the afternoon, is scheduled for release makrostatistiki on the state of the U.S. labor market. Will be published data on primary and secondary applications for unemployment benefits. Most likely, after the publication of data on the market increase volatility in trading. Not excluded, profit-taking. log in and see the material;; 2; user rated material 5. Analyst Ratings
market sets a new annual highs Today, trading on the Russian sites have opened growth of quotations. Thanks to the report of the company Alcoa, supported the external markets, Russia's bulls were able to in the first half hour of trades to bring the market to the level of 1260 on the MICEX index, after which there is lateral dynamics. As leaders of growth shares VTB and Norilsk Nickel shall be added 5,2% and 4,8% respectively. Worse market traded Rostelecom (0.3%). By 14.30 MICEX index added 3,1%, reaching 1264 points. Further market dynamics will depend on several factors. At 15.00 and 15.45 IST. will be announced the decision of the Bank of England and the ECB's key rate. It is unlikely that rates will be changed, but the comments to them can give rise to players to review portfolios. At 16.30 released statistics on the primary applications for unemployment benefits in the U.S. (Initial Claims, expected 540 thousand, the previous value of 551 thousand). This statistics will have an impact, both on world stock exchanges, and on energy prices that affect the dynamics of our market. If we talk about the technical point of view, the MICEX index is testing resistance at the level of 1260, in the case of breakdown which are most likely to continue rising dynamics. log in and see the material;; 3; user rated material at 2. Analyst Ratings
Minpromtorg proposed the introduction of customs duty amounting to 29,4% of customs value for all Chinese producers and exporters of bearing pipes, according to the materials department. Proposed by the Ministry of the duration of duty - five years. anti-dumping investigations concerning the supply of ball bearing pipe from China to Russia, was launched Minpromtorg on the basis of statements of OAO Volga Pipe Plant, OAO Seversky Pipe Plant (TMK) and OAO PNTZ (Chelyabinsk Tube Rolling Plant ). According to the Ministry, in the period from 2005 to 2007, as well as in the I half of 2008, there was displacement of Russian producersto the domestic market. Against the background of increases in overall volume of imports from all countries, the share of imports bearing pipes originating from China in the total consumption increased by 8.9 percentage points in 2007 and 14.0 percentage points in the I half of 2008, when this in I half of 2008, imports of bearing pipes from China's total imports bearing pipes had reached 53,0%.
review the oil market for 07.10.09 Dynamics Quotes of the oil market on the basis of trading on Wednesday, October 7 closed c decrease in the price of the background out of weekly data on stocks of petroleum and petroleum products from the U.S. Department of Energy, which showed no recovery in demand. At the New York Stock Exchange NYMEH cost of the November futures for U.S. light crude fell by 1.31, and its price, therefore, amounted to 69.57 dollar per barrel. The exchange ICE in London, Brent crude futures price fell 1.36 to 67.20 dollars per barrel. Causes On Wednesday, Oct. 7 listing on the market on the results of the auctions have demonstrated reduction in the price for the background release of weekly data on stocks of petroleum and petroleum products from the U.S. Department of Energy, which showed no recovery in demand. So, for week ending October 2, oil stocks fell 0.978 million barrels, gasoline inventories rose by 2.937 million barrels, distillate stocks rose by 0.679 million barrels, while the load factor of refining capacity was 85%. From the news it is worth noting that on the occasion of his 50-year anniversary of Datsinskie oilfields (China), proclaimed designed to provide over the next half a century, the same brilliant results of economic activity, as in the previous 50 years. Under this strategy, the Datsinskih oil industry will seek to retain within the next 50 years the annual production of crude oil and natural gas at the level of 20-25 million tons of oil equivalent, and at the same time to replenish 15-20 million tons of oil and natural gas in oil equivalent, by international trade and cooperation. To date, the amount of proven oil reserves are reaching 6.36 billion tons, have already produced 2 billion tons. In the future we should expect increasing difficulties in exploration and production of oil, but the remaining oil reserves are quite large. What to expect? According to some analysts, the stability of oil prices could create the conditions for their growth at a time when demand begins to grow. This can happen if the winter is harsh, and then the demand for petroleum products, namely, for heating oil will start to grow, leading to a jump in oil prices. Why worry? negative factors in the oil market are the latest data on oil reserves and the technical picture, namely the fact that prices continue to hang in the range of 65-75 dollars per barrel, which is observed from mid-July, while approaching the upper of the range may be increased profit-taking by market participants positions. Overview of precious metals market for 07.10.09 Dynamics On Wednesday, Oct. 7 on the basis of trading quotes on gold and silver continued to show upward trends in prices against a background of technical factors, with the stock markets as the currency market FOREX, were essentially calm. As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 4.70 to 1044.40 dollars per troy ounce, quotes, silver futures rose 20 cents to 17.50 dollars per ounce. Causes On Wednesday, October 7 quotes for precious metals market showed upward trends in costs is mainly on the background of technical factors: there was a closing of short positions, in which market participants once again stepped up purchases of the metal after the sale, while the stock market (Dow Jones industrial average was 9725.58 (-5.67), Nasdaq Composite - 2110.33 (6.76), SP 500 - 1057.57 (2.85)), as the currency market FOREX, were, in fact, calm (the U.S. dollar strengthened slightly on Wednesday). From news can be noted that China is considering buying gold from the International Monetary Fund, which approved the sale of 403.3 tons of precious metals. China intends to buy gold, provided the price is . State gold reserve in China currently stands at 1,054 tons (34 million ounces), which puts it in fifth place in the world on this indicator. In 2008, China had produced 282 tons of gold. In 2009, plans to increase gold output to 290 tons. What to expect? The main positive factor in the gold market is the falling U.S. dollar on the foreign exchange market, FOREX, as well as positive market sentiment in the stock markets in anticipation of the launch of the new season of quarterly reporting, which could push prices to new historic peaks. Why worry? The main negative factor for the precious metals market is the technical picture, namely the fact that prices rewrote the global maximum, and many indicators are overbought in the deep zone, which in turn may increase the pressure on precious metals and re-throw quotes to the strong support at $ 1000 per troy ounce. non-ferrous metals market review for 07.10.09 Dynamics On Wednesday, October 7 quotes for non-ferrous metals on the basis of trading on the London Stock Exchange closed with an increase in value against the background of positive sentiment in the neighboring markets, but also because of technical factors and stabilization of the dollar in the foreign exchange market, FOREX. At the London Metal Exchange LME aluminum price closed at 1,795 dollars per tonne. Copper at the close of the exchange was worth 6060 dollars per ton. Nickel bidding up the price of 18130 dollars per tonne. Causes On Wednesday, Oct. 7 the price of nonferrous metals on the basis of trading on the London Stock Exchange closed with an increase in value against the background of positive sentiment in the adjacent markets - the price of gold once again rewrite the global maximum, but also because of technical factors and stabilization of the dollar on currency market FOREX. Increase in cost of nickel was the most significant - more than 3%, due to combination of factors: the supply situation, analysts optimistic comments about the prospects for demand for the metal and engineering procurement investment funds. From the news it is worth noting that the October 6 FFMS Russia has decided to cancel the license for the organization of exchange trade association (Moscow). This decision was based on statements by society, as well as documents proving his lack of unfulfilled obligations within the framework of professional activities. What to expect? According to some analysts, one of the important reference for non-ferrous metals, in addition to the U.S. dollar and gold prices may be reports on the profits of American companies for the 3rd quarter. Financial reporting will help to better assess the prospects for the economy and, consequently, the prospects for demand for industrial metals. Why worry? Many market participants believe that the non-ferrous metals potential for further growth there is little, as if gold will become cheaper as the U.S. dollar will get stronger, then the non-ferrous metals will have very difficult. log in and see the material;; Your score will be the first! Analyst Ratings
Germanic authority may negotiate with the authorities in the UK, Spain, Belgium and Poland concerning the proposed reductions in those countries located in the factories Opel, reports Bloomberg. Negotiations can take place as early as next week, once completed evaluation plans for the reorganization of Opel, the proposed alliance of Canada's Magna and Russia's Sberbank. assessment is carried out by order germanskogo government, conducts research PricewaterhouseCoopers LLP. FRG authorities intend to keep German Adam Opel GmbH plant in Rüsselsheim, highlighting it with financial assistance amounting to 1.5 billion euros. Another 3 billion euros finpomoschi subordinated to the assessment by the PricewaterhouseCoopers reorganization plan. These plans involve reducing 10,9 thousand jobs across Europe, including 4,1 thousand in Germany. In Spain, the work will lose 1350 people (18% of staff).
What investments compare favorably with their security and profitability at the present time?
Bankers promise stability analysts predict, virtually all types of deposits in the autumn will remain profitable. Deposits in SLE rise in price due to the growth rate of the dollar and euro hryvnia deposits - because of low inflation and high rates. So now is the right time for placing funds on deposit accounts. Thus, only two weeks of September, the average size of interest on deposits in UAH increased by 0,3-0,4%, in dollars - on 0,1-0,2, in euro - on 0,1% annual. The yield on deposits in UAH today is 23-24% per annum in dollars - 14-15, in euro - 12-13% per annum, - notes Director of retail banking Ukrgazbanka Anton Kostornichenko. not excluding further devaluation of the hryvnia, experts advise to diversify investments. The classic model - 35% of the funds placed in U.S., 35 - in euros and 30% - to UAH. Thus it is necessary to combine the deposit of one to six months, and demand deposits. The majority of Ukrainians are the costs in UAH. Therefore most reasonable to place the national currency on deposit with a free treatment withdrawal and replenishment , - Board of Directors of retail business development department INDEXBANK Tatiana Shapoval. clients for which the sum of savings of over $ 5 thousand, it is also desirable to open accounts in precious metals. In this case, the optimum ratio of exchange USD /EUR /UAH /Banking metals is 30/30/30/10, - considers Tatiana Lobashova, Vice Chairman of the Board of AB Kievan Rus. However, the majority of Ukrainians today are concerned not so much a question of return on investments, as investment security. Experts predict the number of troubled financial establishments in the autumn may increase by another five to ten. Therefore, when placing money on deposit should proceed with caution. The exposure to different banks is significantly different. But the state banks and banks with large foreign capital continued to be robust enough (compared with other investment tools available in Ukraine) to place deposits, - says head of the analysis of financial markets, ING Bank of Ukraine Alexander Pecheritsyn. Money - a money For particularly cautious best option - investing in SLE. Taking into account the liquidity of foreign currency cash in the Ukrainian market, the most attractive are the euro, the dollar and the Russian Ruble, - convinced the Treasury Director of JSC Erste Bank Roman Bondar. Although the greatest yield all the same promises Eurocurrency, a course which is strengthened by the growth rate hryvnia /dollar and euro /dollar price rise in the world. In the medium and long term, the euro is much better investment than the dollar. The monetary base and balance the U.S. Federal Reserve is growing rapidly, the risk of monetization of debt is also present, if the emission of vast quantities of U.S. Treasury bonds suddenly can not find a proper demand in the market, it will undermine value of the dollar , - says strategist Astrum Investment Management Konstantin Litvin. However, in his words, not worth buying Euro-currency on the peak. The optimal time to buy comes when the dollar strengthened to 1,40-1,42 per euro. last three quarters of an interesting object for investment has also been a number of other exotic for the Ukrainian currency - the Canadian dollar, Norwegian and Danish krone, Polish zloty, Hungarian forint, Czech koruna, and others. But it should be noted that the trend reversal increases and exchange rate risks on these currencies. At the same time, liquidity in cash substantially limited - Roman warns Bondar. get rich on the metal According to experts, not miscalculate and the Ukrainians, who decide to invest some savings in gold. In the short term, yellow metal will remain in a cohort of Champions returns, but will probably take a leading place. Over the past eight years, the gold price in dollar terms increased by more than 3,5 times, providing an average yield increase of 32%. Not an exception this year. At the beginning of the year, gold was traded at $ 800 per troy ounce. Already in February, the price rose to almost $ 1000 per ounce, followed by a correction of up to $ 900. But now the gold again at the peak - about $ 1000, - says Oleg Shvets, executive director of investment company Phoenix Capital.
Russia's stock market closed on Wednesday the growth of the third day in a row. The volume of trading increased considerably. Dynamics could be more impressive, but in the afternoon, investors started to record profits due to the correction on global platforms. RTS index that rose the day close to the mark of 1300 points, to close trading dipped to 1287.37 points (1.32%), the MICEX index on the session was 1226.17 points (0.47%). Futures on RTS Index fell to the underlying asset only 6.4 points. important macroeconomic news were published on Wednesday, only the final data for Eurozone GDP, which fell in the second quarter of 2009 by 0.2% compared with a preliminary estimate of 0.1%. In annual terms, the euro-zone economy declined by 4.8%, while the preliminary data reduction of this figure was estimated at 4.7%. In anticipation of today's meetings of the ECB and the Bank of England, Western investors yesterday did not take active actions and non-aggressive fixed income. Leading European indexes up to the environment decreased by 0.3-0.6%, while U.S. exchanges closed in different directions. Oil has adjusted sharply yesterday after the closure of Russian sites, but this morning trying to catch up on the background of the next round of decline of the dollar. Per barrel of London Brent now make just over $ 68. U.S. index futures added on Thursday, about 0.8% after a strong report aluminum giant Alcoa, as a consequence of the Asian areas dominated by the positive sentiment. Against this backdrop, the opening on Russian stock exchanges on Thursday promised to be optimistic, as further dynamics. After lunch, investors will be watching for comments by the Bank of England and the ECB, but it is unlikely that heard will be able to seriously crash the markets. log in and see the material;; 1; user rated material at 2. Analyst Ratings
The massive generation companies and Teplokommunenergo from gas to coal can turn to them by large fines and closure of business. Ministry of Natural Resources yesterday announced the beginning of large-scale energy audit companies for compliance with environmental regulations. In order to avoid the claims of the Ministry, market participants need to invest in equipping companies with new equipment to clean emissions. Third of them are still not ready for this, experts say. As the head of Ministry of Natural Resources George Filipchuk at the end of last week, he instructed to begin a large-scale verification of the ecological state of generations and Teplokommunenergo (CTV), which shifted from consumption of gas for coal. I think that we will apply the penalties to violators and provide them to modernize their facilities. Where the violations are particularly egregious, it can be to close them, - said Filipchuk. He said that in future the Ministry intends to establish clock control of the enterprises - the largest polluters. Typically, environmental audits are conducted once a year. The head of Ministry of Natural Resources, the decision to test was made in connection with the increasing number of references of people's deputies and local authorities, claiming that the amount of harmful emissions increased three to five times. In particular, complaints received from local authorities Kramatorsk, Makeyevka, Alchevsk, Kremenchug. People's Deputy George Skudar in his address to the Ministry argues that the I quarter of the emissions of harmful particulates in Kramatorsk increased fivefold. In the structure of pollutants emitted, according to his data, the largest share are sulfur dioxide and other harmful sulfur compounds. the total volume of harmful emissions occupy a third of solid slurry particles, 15% - compounds of nitrogen, 8% - carbon monoxide. This suggests that the major source of pollution is coal.