Europe: statistical indicators have given rise to uncertain growth indices

July 3rd, 2009

On Friday, July 3, most of the major indices of European stock markets showed growth against the backdrop of uncertain released statistics. Thus, in the Eurozone retail sales in May decreased by 0.4% m /m, while the expected drop in 0.1%. The index of business activity in Britain in the service sector in June fell from 51.7 to 51.6 points in the expected growth to 52 points. Despite the fact that the index of business activity in the service sector in Germany has changed in the expected value (before the rate for June remained at 45.2 points, while the expected reduction of up to 44.3 points), he was unable to overcome the negative mood of investors in the stock market, and the DAX Index retreated to 0.22%. In the euro area index of business activity in the service sector for the month of June decreased from 44.8 to 44.7 points in the expected drop to 44.5 points.

 
On the basis of bidding the regional index Dow Jones Stoxx 600 dropped 0.02%, to close at 204.08 points mark. The British FTSE 100 gained 0.05%, and the French CAC 40 grew at 0.10%. Not supported by positive dynamics of the stock markets of Austria, Germany, Scandinavia and Switzerland.

Shares in Europe's largest energy company Electricite de France had lost in bidding 4.5% after Morgan Stanley lowered its rating on the paper with buy to neutral. In addition, according to the Times, EDF electricity imports from the UK, as well as because of the very hot weather are out of order a third of the nuclear power company. Electricite de France has also started selling bonds denominated in yen and issued in the market of Japan, the total cost of 110 billion yen ($ 1.2 billion). Since the September bankruptcy of Lehman Brothers Holdings securities of this type is not issued by borrowers from non-financial sector.

Quotations third largest in Europe, the phone company France Telecom fell to 1.13%. UBS lowered rating of securities companies to neutral to sell.

Shares in Germany's largest retailer Metro cheaper at 2.52% against a background of published statistics on the volume of retail sales in the euro area.

The market capitalization of the largest German bank Deutsche Bank rose by 1.74%, while Commerzbank shares advanced 2.85%. German legislators with the support of the Minister of Finance decided to clear all the same public and private banks to issue asset at the end of nine months after the global financial crisis has brought the banking system. Today, members of the lower house of parliament in Berlin voted in favor of the bill. Participants in the stock market has long been hoped that the Government will support the shares of financial companies, reducing the uncertainty in the market associated with problem assets.

Paper Danish manufacturer of navigation devices, TomTom went up by 4.43%. According to some analysts, began selling shares without rights contributed to the growth of demand from arbitrazherov and investors, thereby restoring confidence in the market buying shares in the company.

Shares advanced Logitech International to 1.13%. Morgan Stanley raised the rating of securities companies to buy, saying that their price is currently the most attractive in terms of entrance into the market.

The values of major indices at the closing are shown in the table:

Index Country Closing (items) Change day (items) Changing the day (%) Value at beginning of year (the last closing in 2008) Change from the beginning of the year
ATX Austria 2067.84 -31.54 -1.50% 1750.83 18.11%
BEL20 Index Belgium 2040.86 2.81 0.14% 1908.64 6.93%
FTSE 100 United Kingdom 4236.28 2.01 0.05% 4434.17 -4.46%
DAX Index Germany 4708.21 -10.28 -0.22% 4810.20 -2.12%
IBEX 35 INDEX Spain 9707.80 64.30 0.67% 9195.80 5.57%
FTSE MIB Italy 18942.22 13.56 0.07% 19460 — 2.66%
AEX Netherlands 253.70 1.01 0.40% 245.94 3.16%
OMX Nordic 40 Scandinavia 700.51 -4.18 -0.59% 625.8 11.94%
CAC 40 France 3119.51 3.10 0.10% 3217.97 -3.06%
SMI Switzerland 5338.51 -16.72 -0.31% 5534.53 -3.54%

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By the end of the summer of 2009, Comstar UTS form Volga makrofilial

July 3rd, 2009

Comstar - United TeleSystems until the end of the summer of 2009 to form makrofilial in the Volga Federal District in the process of restructuring the regional business and creating a single point of consolidation of regional assets.

in the Volga branch will include all subsidiaries and branches of JSC Comstar-UTS and CJSC STRIM TV (100% daughter company Comstar UTS) in the Federal District

The group of companies Comstar UTS provides telecommunications services in 14 cities PFD: Saratov, Engels, Balakovo, Nizhniy Novgorod, Dzerzhinsk, Izhevsk, Ulyanovsk, Orenburg, Buzuluk, Buguruslane, Sorochinskaya, Pervomaisky, Samara and Tolyatti , said the company.

In fact, we have from the beginning of the year gradually makroregionalnuyu form the structure of our regional business, - said Victor Koresh, Vice President for Regional Development JSC Comstar-OTS, General Director of JSC STRIM TV. - We initially focused to reorganize on a one federal district - one branch, and held a number of relevant structural and personnel changes. macroregion In all we plan to introduce a single technological standards, as well as common approaches to service users - both corporate and private. Read the rest of this entry »

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Rising oil prices in the run next two weeks can be up to $ 75, and by the end of the year - up to $ 100 a barrel

July 3rd, 2009

Published yesterday, the macroeconomic data for the United States were, in general, negative: although the data on initial applications for unemployment benefits and were slightly better than expectations, all испортили Non farm payrolls. However, in the mid-termbreak in the positive good news for commodity and stock markets: it eliminates the grounds for conversation (initiated by L. Summers believes) that it is time to think about tightening monetary, budgetary and fiscal policy. It is premature tightening led to a second wave of the Depression in the years 1937-1938. Thus, stimulating fiscal policy will continue for a long time and the money power, waving a hand in the budget deficit and inflation will continue to seek the restoration of sustained economic growth. Moreover, without inflation, this is not possible: the reason for this decline - the high debt load, which can be addressed only to devalue the debts in real terms. Meanwhile, the ECRI Institute shows a steady increase in inflationary pressures, thus, the process has begun.

Therefore, we expect continuing growth in prices of commodities in the medium term. U.S. stocks will also feel good: the cash flow of companies to grow after inflation, while the payment of debts will remain at the same level.

We expect growth in oil prices to $ 75 in the perspective of the next two weeks and up to $ 100 a barrel before the end of the year. After oil prices will rise, and Russia's actions: we predict the MICEX index at 1700 points until the end of the year. We recommend using the current correction for purchases with an investment horizon before the end of the year.

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Of Perforation Support $ 65.85 / bbl for Brent oil contract paves the way for the 62.5 / bbl

July 3rd, 2009

oil market is in the half from the

Trades on Friday on the Russian stock market are in the zone of moderate decline. Short jump up this morning, we writes off at the closing of short positions by speculators opened the day before. Day trading on our markets and European are very low, as the site of the U.S. stock market closed today in response due to the celebration of Independence Day.

for dinner MICEX index losing 1.9%. The largest losses are borne oil and gas securities (MICEX OG -2,09%) and financial sector (MICEX FNL -1,65%). The only exception to the general rule today look NLMK shares that are not only manage to grow, but also to update the maximum annual marks (67.78 EUR)..

smooth decline in European stock indexes pressure on oil prices in London. Purely technically oil brand Brent is now poised on the brink of a serious collapse. This morning, a mixture of quotes Brent third time in the last month managed to hold above level $ 65.85 per barrel. (last time we saw them there 04 and 23 June). Of Perforation of the support for the Brent oil contract paves the way for the 62.5 per barrel. Thus, the MICEX index, we will see a further 8-10% lower.

So, now make purchases of Russian shares for the medium term is very risky, but can be as correction to the fall may be quite strong, especially in light of the short positions in the market.

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MegaFon has completed a reorganization in the form of accession, the regional subsidiaries

July 3rd, 2009

MegaFon is reorganized in the form of accession, the regional subsidiary companies, the report says the company. 1 July 2009 in a single state register of legal entities made recordings on the termination of CJSC Sonic Duo, CJSC Mobikom-Kavkaz, CJSC Mobikom-Center, OJSC MSS-Povolzhie, CJSC Ural Gee Es Em CJSC Mobikom-Novosibirsk and CJSC Mobikom-Khabarovsk.

From July 1, mobile communication services in the territory of Russia have Stolichny, Caucasian, Central, Volga, Urals, Siberian and Far Eastern branches of OJSC MegaFon. North-West branch of OJSC MegaFon in effect since May 2002.

In the perception of the market MegaFon - has long been a single company with common management standards, a solid and strong brand and corporate culture. Now MegaFon became united and legally. We believe our approach to managing business critical competitive advantage, so I would like to pay special attention for many years successfully operating a balanced distribution of powers between the center, branch and regional offices.

After the restructuring, we plan to preserve and improve this approach to strategic and operational decisions in the company, - said General Director of OJSC MegaFon Sergey Soldatenkov.

The decision to reorganize was accepted by shareholders of OJSC MegaFon at an extraordinary general meeting of shareholders on Dec. 29, 2008.

All arrangements for the reorganization to ensure the effective operation of a single company since the exclusion of subsidiaries from a single state register of legal persons held as scheduled and completed successfully, - said the Director of Legal Affairs, MegaFon and Corporate Secretary Anna Goryainova.

Accession subsidiaries will increase the value of the combined company and will give further impetus to its further development. Read the rest of this entry »

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From 26 June to 3 July lease rates for one-room apartments of Kiev declined to 0.02%

July 3rd, 2009

From 26 June to 3 July, the average price for one-room apartments of Kiev has fallen to 0.02% or 0.1 dollars to 416.7 dollars per month.

This is evidenced by the data portal Realt.ua.

According to information from 26 June to 3 July the average rent two apartments rose by 0.8% or 4.7 dollars to 628 dollars a month, three - fell by 0,2% or 1,6 1 032.2 U.S. dollars a month.

minimum cost of renting one-room apartments of Kiev from 26 June to 3 July decreased by 7.9%, or17.9 dollars to 208.3 dollars per month, double - to 5.9%, or 17.8 U.S. up to 282.2 dollars per month, three - at 1%, or 4.2 dollars to 417 dollars a month.

From 26 June to 3 July, the maximum rent one-room apartments of Kiev has fallen to 1.4%, or 12.3 dollars to 880.4 dollars per month, double - to 7.7% or 122.8 USD up to 1 472 dollars a month, three - 19%, or 570 dollars to 2 434.3 USD per month.

As reported, from 19 to 26 June, the average price for one-room apartments of Kiev has fallen to 0.7%, or 2.9 dollars to 416.8 dollars per month, double - rose by 0.2% or 1.4 dollars to 623.3 dollars per month, triple - at 4.7% or 46.2 to 1 033.8 U.S. dollars per month.

Change in rental rates from 26 June to 3 July in the areas of Kiev in the U.S. in a month:





































































































































County 1 com. Apt. 03.07.09 1 com. Apt. 26.06.09 1 com. Apt. % 2 com. Apt. 03.07.09 2 com. Apt. 26.06.09 2 com. Apt. % 3 com. Apt. 03.07.09 3 com. Apt. 26.06.09 3 com. Apt. %
Holosiivskyi 496 507 -2,2 772 788 -2,0 1120 1051 6,6
Darnitsky 430 417 3,1 540 533 1,3 709 685 3,5
Desnyansky 302 302 0,0 402 406 -1,0 506 488 3,7
Dniprovskyi 340 350 -2,9 475 479 -0,8 681 774 -12,0
Obolonskyi 396 400 -1,0 614 629 -2,4 1052 1049 0,3
Pechersky 597 616 -3,1 1071 1079 -0,7 2008 2049 -2,0
Podolskiy 353 356 -0,8 590 536 10,1 1120 1150 -2,6
Svyatoshinskiy 333 335 -0,6 469 487 -3,7 706 643 9,8
Solomensky 372 368 1,1 546 531 2,8 736 734 0,3
Shevchenkivskyi 548 517 6,0 801 765 4,7 1684 1715 -1,8
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From 26 June to 3 July on the secondary market prices of real estate of Kiev for one-room apartments fell by 1,1%

July 3rd, 2009

From 26 June to 3 July on the secondary market of real estate of Kiev the average price of a one-room apartments fell by 1,1%, or 23.2 dollars to 129.2 dollars per 2 square meters. m.

This is evidenced by the data portal Realt.ua.

According to the portal, from 26 June to 3 July, the average price for two apartments on the secondary market capital decreased by 1.4%, or 30.1 dollars to 193.5 dollars per 2 square. m, for three - at 0.6%, or 12.9 dollars to 309.5 dollars per 2 square. m.

portal Realt.ua now includes 384 proposals from 50 companies.

As reported, from 19 to 26 June in the secondary market of real estate of Kiev the average price of a one-room apartments increased by 1.5%, or 32.3 dollars to 152.4 dollars per 2 square. m, two apartments rose by 1.1%, or 23.2 dollars to 223.6 dollars per 2 square. m, for three - at 2%, or 44.6 dollars to 322.4 dollars per 2 square. m.

in May on the secondary market of real estate of Kiev average prices of residential real estate in the city decreased by 2%, or 44.8 dollars to 229.6 dollars per 2 square. m compared to April.

price for 1 square. m. in the areas of Kiev in the U.S.:





































































































































County 1 com. Apt. 03.07.09 1 com. Apt. 26.06.09 1 com. Apt. % 2 com. Apt. 03.07.09 2 com. Apt. 26.06.09 2 com. Apt. % 3 com. Apt. 03.07.09 3 com. Apt. 26.06.09 3 com. Apt. %
Holosiivskyi 2116 2179 -2,9 2186 2191 -0,2 2276 2264 0,5
Darnitsky 1688 1688 0,0 1572 1581 -0,6 1445 1448 -0,2
Desnyansky 1696 1688 0,5 1550 1536 0,9 1399 1405 -0,4
Dniprovskyi 1937 1972 -1,8 1758 1784 -1,5 1739 1675 3,8
Obolonskyi 2210 2315 -4,5 2205 2240 -1,6 2264 2320 -2,4
Pechersky 3218 3112 3,4 3702 3710 -0,2 4706 4604 2,2
Podolskiy 2053 2068 -0,7 2299 2305 -0,3 2222 2397 -7,3
Svyatoshinskiy 1806 1789 1,0 1764 1750 0,8 1634 1609 1,6
Solomensky 1977 2019 -2,1 1845 1855 -0,5 1888 1837 2,8
Shevchenkivskyi 2591 2694 -3,8 3054 3284 -7,0 3522 3665 -3,9
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September futures on the RTS index has managed to reach the resistance in the region of 94 000 items

July 3rd, 2009

At the opening trades Friday to the futures index RTS (RTS-9.09, RIU9) managed to reach the resistance in the region of 94 000 points. To date, we prefer a short with the foot above 95 000 points.

Stop on speculative long positions can be below 91 500 punktov.Fyuchers the euro-dollar (ED-9.09, EDU9) traded in the region of support at 1.4. We look forward to further development of sales for the purpose at 1.38, which implies a short with the foot above 1.41 or 1.42. At the same time, the possibility of speculative purchases in the expectation of the range of 1.4-1.42 with the adjustment of the stop order below 1.4.

Futures on the dollar-ruble (Si-9.09, SiU9) in its bid Breaks Resistance in the region of 31 800, which includes a game of purchases per adjustment of the range of 31 800-32 000 with the foot below the 31 750-31 800 .

Futures oil varieties Brent (BR-7.09, BRN9) in its bid was supported in the region of $ 66. If we consider the current movement as the adjustment of the range of $ 66-72, the actual date of purchase with the foot below the $ 65-66. Stop by strategic short positions can be placed above $ 71.

According to futures on gold (GOLD-9.09, GDU9), we still prefer the game of sales with the foot higher than $ 945-950. Speculative buying in the area can be $ 900-920.

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Generation of the company TGK-1 in January-May 2009 reached 12 490 million kWh of electricity

July 3rd, 2009

In January-May 2009, the production of electric power generating enterprises of JSC TGC-1 was 12 490 million kWh (the development of thermal power plants - 6 of 732 million kWh, hydro power plants - 5 of 758 million kWh), the report says TGC-1.

The comparable figure for the five months of 2008 was recorded at 12 484.2 million kWh (the development of thermal power plants - 7 033.7 million kWh, HPPs - 5 450.5 million kWh). In the period from May to September, a subsidiary of TGC-1 - OAO Murmanskaya CHPP - installed capacity of 12 MW of electricity is not due to decline in consumption during the polarday.

total electricity sales of JSC TGC-1 in the January-May 2009, recorded at 12 887 million kWh to 12 711 million kWh for the same period of 2008. At the same time in the wholesale electricity market and power of the RF company realized 12 334 million kWh, of which 4 366 million kWh sold in the market for a day in advance (3 112 million kWh in January-May 2008).

Sales of electricity and the power of JSC TGC-1 on the adjustable bilateral treaties (RDD) for the period amounted to 7 567 million kWh (8 of 695 million kWh in January-May 2008). Read the rest of this entry »

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The drop in Dow Jones on Thursday, it was maximum in April, SP has completed in the red 3rd week

July 3rd, 2009

U.S. stock indexes fell as a result of trades on Thursday on 2,6-2,9%, while reducing Dow Jones Industrial Average had the maximum of 20 April. The reason for this became negative data on the labor market, reported Bloomberg.

Standard Poor s 500 has completed in the red 'third consecutive week - for four trading days, it lost 2.5%. On Friday, the Exchange will be closed in anticipation of the Independence Day.

At the same time, the quotations of futures on Friday show the positive trend: the September contract for SP 500 to 8:56 gaining 0.26% on the Dow Jones to 8:35 - 0,17%.

number of jobs in the U.S. economy in the past month fell by 467 thousand, while experts predicted less than a significant reduction - to 367 thousand Thus, unemployment rose to 9.5%, which is the highest level since August 1983 , compared with 9.4% a month earlier.

This heightened fears that the bad situation in the labor market could cause a more prolonged release of the economic recession.

experts expect a further rise in unemployment in the country this year, which has a negative impact on consumer spending, which accounts for about 70% of GDP, and may slow economic recovery.

All the bad. We tried to grow a little on supporting data from the labor front, with the less bad of every month. But it is obvious that the record of this month - a step back, - said the chief investment director of Harris Private Bank, Jack Eblin.

Stock Quotes aluminum giant Alcoa fell on the day at 4.7%. The company next week will publish financial results for the second quarter reporting season starting.

Analysts on average expect a profit of companies whose shares are included in the calculation of SP 500, on the basis of the last quarter fell by 34% in the third quarter to decline by 21% and increase by 61% in the last three months of the year. Read the rest of this entry »

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