Bear woke up
drop on world platforms, the U.S., Europe, emerging markets, and oil prices hit today on the Russian market. Growth of dollar against the problems in Europe and, accordingly, falling oil prices leads to a decrease in Russian securities. Data on U.S. unemployment is also negative. Number of primary applications for unemployment benefits last week increased from 470 thousand to 480 thousand, is expected to decline to 460 thousand
Other statistical figures were better than expectations. Factory orders in December, 1%, expected 0.5%, previous change 0.6%, labor productivity in the 4 th quarter, increased by 6,2%, is expected to grow by 6%, the previous value of 8.1%. Support to the market also had a good reporting Deutsche Bank and Cisco.
Bank of England left the discount rate at 0.5%., the ECB at 1%.
increase in consumer prices in Russia in January of this year amounted to 1,6%. In January of 2009. Inflation in Russia stood at 2.4%. As a result, we expect inflation in the range 6-7%. Accordingly, the Bank Russia still has the potential to reduce rates.
new president of Tatarstan Rustam Minnikhanov began his candidacy today unanimously endorsed the State Council of the Republic. With a high probability of a new president of the republic will continue the economic and political line of the former president, and therefore nothing to fear from the growth of political and investment risks. Effect on Tatneft neutral.
yesterday”s conference call Rosneft no surprises, however, the market is1000too overestimated the risk zeroing cancel export duties. Accordingly, as soon as these securities will be better than the market.
Better market today, VTB, on the background information on the possible buying by the bank of its securities from the market. Treasury securities will be used for bonuses to management.
We believe that the market came to bear, and not a little fur. Long position in the Russian equity is unlikely that any threat.
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Analyst Ratings
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Interest in Securities TMK provided news about the issue of Eurobonds by
Trichet”s statements, coupled with concerns about the financial situation of Greece and Portugal may contribute to further strengthening of the dollar
Alexey Kudrin: 62 RF subjects completed in 2009 with budget deficit
Forex: ECB Trichet”s comments head of Euro defeat the forces
Opinion: The average exchange rate of hryvnia for the year will be about U.S. $ 8,15 USD
Stelmach: To restore the economy of Ukraine to the level in 2008 will need 4-7 years
The MICEX index compared with the value at closing of the previous trading day has fallen by 2,291%
Vladimir Yakunin: Passenger Railways in January 2010 decreased by 11% compared to 2009
Board of Directors of LUKOIL “approved list of candidates for elections to the new Board and the Audit Commission
Better the market today, VTB, on the background information on the possible buying by the bank of its securities from the market
Bear woke up
drop on world platforms, the U.S., Europe, emerging markets, and oil prices hit today on the Russian market. Growth of dollar against the problems in Europe and, accordingly, falling oil prices leads to a decrease in Russian securities. Data on U.S. unemployment is also negative. Number of primary applications for unemployment benefits last week increased from 470 thousand to 480 thousand, is expected to decline to 460 thousand
Other statistical figures were better than expectations. Factory orders in December, 1%, expected 0.5%, previous change 0.6%, labor productivity in the 4 th quarter, increased by 6,2%, is expected to grow by 6%, the previous value of 8.1%. Support to the market also had a good reporting Deutsche Bank and Cisco.
Bank of England left the discount rate at 0.5%., the ECB at 1%.
increase in consumer prices in Russia in January of this year amounted to 1,6%. In January of 2009. Inflation in Russia stood at 2.4%. As a result, we expect inflation in the range 6-7%. Accordingly, the Bank Russia still has the potential to reduce rates.
new president of Tatarstan Rustam Minnikhanov began his candidacy today unanimously endorsed the State Council of the Republic. With a high probability of a new president of the republic will continue the economic and political line of the former president, and therefore nothing to fear from the growth of political and investment risks. Effect on Tatneft neutral.
yesterday”s conference call Rosneft no surprises, however, the market is1000too overestimated the risk zeroing cancel export duties. Accordingly, as soon as these securities will be better than the market.
Better market today, VTB, on the background information on the possible buying by the bank of its securities from the market. Treasury securities will be used for bonuses to management.
We believe that the market came to bear, and not a little fur. Long position in the Russian equity is unlikely that any threat.
9, users rated material 4,6.
Analyst Ratings
Interest in Securities TMK provided news about the issue of Eurobonds by
Trichet”s statements, coupled with concerns about the financial situation of Greece and Portugal may contribute to further strengthening of the dollar
Alexey Kudrin: 62 RF subjects completed in 2009 with budget deficit
Forex: ECB Trichet”s comments head of Euro defeat the forces
Opinion: The average exchange rate of hryvnia for the year will be about U.S. $ 8,15 USD
Stelmach: To restore the economy of Ukraine to the level in 2008 will need 4-7 years
The MICEX index compared with the value at closing of the previous trading day has fallen by 2,291%
Vladimir Yakunin: Passenger Railways in January 2010 decreased by 11% compared to 2009
Board of Directors of LUKOIL “approved list of candidates for elections to the new Board and the Audit Commission