The situation in global markets remains very uncertain, many market participants in Russia and abroad fear the real wave of crisis, when it should be noted that the new real negative we have not recently seen, the entire negative was already known. From our point of view of the world”s monetary authorities will be able to resolve all known and unknown problems. And to take or not take risks the current situation is a matter of taste.

On the background of uncertainty in global venues, we have noted that America was closed in plus, and the rebound of oil prices we expect a neutral open Russian trade, better than the market at today”s auction will be oil and gas sector. In favor of recovery in oil prices also suggests cold-established on the east coast of the USA. In favor of the bears will likely further weakening of the ruble.

However, we consider it necessary to draw attention to a very serious fundamental risk. The EU is the largest foreign trade partner of Russia. And the serious problems of its economy, can cause not only a drop in prices for oil and gas, respectively, and reduced consumption of physical volumes of Russian energy. Russia has begun to diversify energy supplies is too late.

Ukraine did not actually surprises, preliminary victory of Viktor Yanukovych closing the gap and the appearance of uncertainty. As a result of processing 89.13% of protocols Yanukovych won 48.55% votes, Yulia Timoshenko - 45.79% gap is closing. We evaluate the results of Ukrainian election positively. Naturally, the victory of Yanukovych more preferable for Russia to be completed a foreign policy confrontation, Russian business, which is not granted to the former Ukrainian authorities have the opportunity for normal business and investment activity in Ukraine. However, Yanukovych is unlikely to be able to attract serious investment in Gazprom”s gas transportation system of Ukraine. Gazprom will always consider Ukraine as a transit country risky. Naturally the implementation of the Northern and Southern streams remain the priority business Gazprom.

Unlikely, but possible victory for Yulia Tymoshenko did not directly threatened by Russian gas transit to Europe. In this case, we will evaluate the results of the Ukrainian elections neutral.
Bashneft ready to announce the offer to minority shareholders bashTEKa, price is not disclosed. Ministry of Natural Resources may withdraw the license for Kovykta in Rusia Petroleum, will be funny, if then Gazprom will receive iteb9, respectively, this scenario does not include any payments “tank men”. Kovykta gas reserves - 2.1 trillion cubic meters. m (C1 C2). In summer 2007, TNK-BP signed a memorandum with Gazprom to sell stake in Rusia Petroleum for $ 900 million News as neutral for the market of Gazprom.

Log in and enjoy the material;; 3; user rated material 4,7.

Analyst Ratings

Futures on the SP 500 moves this morning in the 1060 points
Last Friday, the euro /dollar fell on the American session to a mark 1.3583
In the presidential election in Costa Rica for the first time in the history of our country winning woman
Fuel will become cheaper by polgrivni
Kommersant: Ukraine gave positive attitude
President Note for

Revision gas contract with Ukraine in Russia cost 3.6 billion dollars ..

The exam for the new government

participants in the financial press club gathered to discuss economic issues that should decide the new power …

Forex - results of the day
In the next sessions can rebound to the level of 1375 puntka on MICEX index

Already in the first half of Friday”s trading the MICEX index confidently struck support for 1365-1375 points, reaching a further 1345 points, where it was formed by local bottom. Within days an attempt was made to resume growth, during which the buyers were able to return the market above 1365-1370 points, but subsequent sales have led to the re-test support at 1,345 points.

The American share indexes on Friday closed a moderate increase. Major purchases came in the last hour of trading and were associated with the expectations of the consolidated actions of members of the EU, aimed at addressing problems of Greece. Better than most when it traded financial sector.
During the Asian trading session, there multidirectional movement of the major indexes. The Japanese market is under pressure against a background of weak corporate reporting (Panasonic, Yamaha Motor). Better market traded securities of commodity companies, which may be associated with expectations to reach the bottom of the local market commodity futures.

Futures Brent crude in the last trading session confidently struck a “double bottom” in the region of $ 71, reaching a further $ 68. Today, futures are traded at around $ 70, which gives hope to rebound upward. The nearest resistance is located in the region of $ 71-72, where possible resumption of sales to the $ 65 per barrel. Overcoming the resistance of $ 72 may lead to re-entry to the $ 74-77.

Futures on the SP 500 this morning, moving around 1,060 points. If you continue to bounce up the main resistance is located at 1070-1080 points, which count on the resumption of decline. Coping with 1080 points, is likely to lead to the test of 1100 points.

If we consider the situation in the SP 500 locally, then blow out to 1,040 items and then return for 1060, likely provides a benefit to “bull”, as it gives rise to a withdrawal of stops on the “Long”, the possible formation of the New waves moving up.

At the same time the overall situation, in our opinion, is already evolving into a new downtrend with the main resistance in the 1100 points, the next target of reducing by 1000 points.

Trading on the Russian stock market will start today with a suspected Gap up. The nearest resistance is located at 1365-1370-1375 points on MICEX. In this area, most likely the first attempts to resume the decline.

In the event that the above points forward to the 1365-1375 test 1400 points on the MICEX Index, helped by flat line of the downtrend, conducted from January to maxima maxima of February. Coming forward to the resumption of sales under the new downtrend. The first of the major objectives for 1200 is expected to points on the MICEX.

So today expect to rebound upwards, which involves the closure of the “short” positions, the search time for the higher entrance to the “short”. In a purely speculative purposes can play to increase to 1400 points on the MICEX. Although if the SP 500 will go to 1100 with a false breakdown in 1110, then the MICEX index can show the 1420 points.

Futures on RTS Index closed the evening session in the area of 142 000 points. Immediate objectives are to bounce up 143,000, then 145,000, 147, 000 points.

On the Trade of the week the main influence would presumably foreign trade balance data for the U.S. for December (Wednesday, 16.30 Moscow time), retail sales for January (Thursday, 16.30 Moscow time).
external background is neutral. America closed moderately higher, oil and gas market is worse, the financial sector better than the market. Asia is trading different directions.

Final recommendations:
Investors - cut position “;
speculators - “bear from 1375, 1400 points on the MICEX”.

Log in and enjoy the material;; 3; user rated content at 5.

Analyst Ratings

Spain will reform the labor market
How to save on parking
Forecasts of analysts: Today, support for the Russian sites may be a small rebound in the oil market
In the second round of presidential elections in Ukraine leader Yanukovych, Tymoshenko is behind by less than 3%
Markets might be a little bounce, but the growth prospects look dim until
Today is not expected makrostatisticheskih important U.S. data and the euro
Today the opening of tenders is expected to nearly previous levels close to the Russian stock market
Higher oil prices can support the shares of oil and gas companies and the Russian market as a whole
Dmitry Medvedev insists on lowering interest rates for small and medium business

The main reason that led the dollar at the height of last week, investors were concerned about the problems of the state budget deficit of Greece. However, in anticipation of the publication package of essential economic data both in Europe and in the States, against the background of a gradual rise in stock indexes, market participants are gradually relaxed. Even pre-election instability in the UK, where conservatives seem to take place at the wheel, relegating the ruling Labor Party, failed to prevent the consolidation of European currencies.
On Wednesday, after it learned of the plan for approval by the European Commission in Greece to reduce budget deficits, the euro began to give more than a dollar 1.4000 (maximu1000m 1.4025), while the pound - around 1.6050. Later, however, the enthusiasm of investors pougas: publication of data on index PMI services UK showed that the index in January was not 56.5, but only 53.5. This marked the beginning of the competition USD retracement from the highs reached a week in which the pound came back to 1.5900, euro went below 1.3900 the dollar /yen could rise by almost 100 basis points to 91.00 and the pair USD /CHF - 1.0500 to fend off peak hours 1.0599.

It is also worth noting that the position of the Australian and New Zealand dollars have also suffered this week. Interest rates in Australia, contrary to expectations, were not increased, but remained stable, resulting in a country”s currency sharply on the same day cheaper by a penny, lost in district 0.8800, and then - even lower. In New Zealand, not all was right with the unemployment rate, which fell, as expected, up 6.5%, while, by contrast, rose to 7.3%. Now 1 NZD worth less than 70 cents, which has not been since September last year.

At the end of the week the dollar has appreciated further strengthened since the fall of stock indices, which began in Asia and was spreading to Europe first, and then to the States permanently alienated from the desire of investors to risk, so they rushed to sell riskier assets, including currencies from relatively high interest rates and buy dollars and Japanese yen. At the same time interest rates in the euro zone and Britain were left unchanged, but markets exaggerated news that financial problems become apparent not only in Greece but now also in Portugal. The release of positive inflation data producers and the UK figures to change the number of people employed in non-agricultural sector, which the U.S. has changed: the dollar went on and continued to strengthen, although not all the news background was in his favor. Thus, the price of British manufacturers rose more than expected, as the U.S. unemployment rate unexpectedly fell in January was 9.7%, not 10%, as expected by economists.

In the end, the end of the week for the euro gave less than 1.3700 (the minimum amounted to 1.3584), nearly 2 cents lower than last Friday. Pound fell about 350 points, lost to 1.5600. Pair USD /CHF 1.0700 figure above entrenched and could almost reach up to 1.0800. Dollar /yen is, after achieving at least a week 88.53 (Thursday) closed at 89.37. Connection blocks the same with the Japanese currency during the week fell to 300-500 points.

Forecast for next week

next week to continue the popularity will keep the U.S. dollar, but the excessive strengthening it can cause a reaction the U.S. Federal Reserve, if it starts to create difficulties for American exporters in the state budget deficit of the country. Meanwhile, if the situation around the state budget deficit of Greece, Portugal and Spain will enter the mainstream of peaceful settlement and to cease to occupy the front pages of financial publications, it will increase the probability of reversal of this trend with further strengthening of European currencies. But it is hardly possible in the next few trading days.

If last week analysts FOREX CLUB talked about that mark 1.35 euros to the dollar becomes a long-term medium-term, but now we can say that this goal is becoming closer and more likely to be achieved next week, after which the euro /dollar may continue to bargain in the lower half of the channel 1.3500-1.4000.

Pound is still in the 1.5500-1.6000, but now he will be traded closer to the support. The dollar /franc is in the long channel 1.0500-1.1000, in the shorter term, its movement will be limited to levels of 1.0700-1.0900.

From the economic news is worth paying attention to databefon foreign trade of Great Britain, Canada and the U.S., the publication of a quarterly report of the Bank of England on inflation figures British manufacturing sector, data on retail sales and consumer confidence index, calculated by the University of Michigan, USA. In addition, interest will be published and EU GDP, data on imports and exports and GDP figures for Germany and the labor market of Australia.

G7 countries will continue to support the economy
One of the richest families in Germany suspected of tax avoidance
Experts predict the growth of Islamic banks in India
Rating richest stars in Hollywood
Gross grain harvest in China in 2010 should not be below 500 million tonnes
Platini: Ukraine and Poland in time preparing for Euro-2012
South Korea invests in the development of 900 million dollars: he wants to become a world leader
Good morning! Information Group Finam.ru and Investment Company “Finam” Welcome to your site and wish you a successful day!
Latin America: correction continues

Even fewer investors would have gained by delaying the money in a deposit account in UAH: 12,1 thousand UAH for five years. By investing in the stock market (PFTS) and mutual investment funds, it would have saved 11 thousand UAH. Investments in the secondary property market would have enabled him to collect 7 thousand UAH.

These data - the results of its own editorial research. We asked the question: can the average Ukrainian to become a millionaire within a few years, following one of the main board of the Western financial guru: regularly investing 10% of their income. Most of the foreign financial advisers insist that even with meager income for only 5-10 years can save a million, most importantly - permanently reinvest the profits.

Certainly, our study rather simplistic and ignores several important factors. First, the share of investments (10% of revenue), we calculated on the basis of the official average wage, calculated by Goskomstat. Naturally, these figures are understated and do not reflect the actual compensation of Ukrainian citizens. In 2005, the average official salary was UAH 640.86. For the depressed regions, this amount of remuneration in line with the principle of reality, but that”s for megacities - is unlikely. However, the average income in certain depressed areas could be even higher: people often receive additional livelihood from small individual cases (the resale of goods, fruit and vegetables, providing services).

Secondly, the accumulation nashogo hypothetica1000l investor with investments in real estate or index PFTS - speculative. We calculated the monthly returns for each of these tools and added the interest earned to monthly savings. But in reality, put on 100 - 200 USD in real estate or the stock market is impossible. These markets are preferable to operate with sums of 100 thousand, and not hryvnia and the U.S.. But smaller investments are possible in the deposit market, in some cases - on the market share investment funds.

However, we took into account the first factor and further calculated the average accumulation of Ukrainian on the basis of possible real, and not the official salaries. Supposedly, in December of 2009, average salary was not 1955 UAH, as reported by Goskomstat, but twice - 4000 UAH (including payments in envelopes). But in this case, the five-year savings would be small: 94 UAH - deposits in dollars, 35 thousand UAH - gold, 24,2 thousand UAH - UAH deposits, 22 thousand UAH - mutual investment funds, 14 thousand UAH - Real Estate.
Why

amount is not so great? In order to save a million for 5-10 years, required to invest not 100 or 400 USD per month, and 100 thousand UAH annually. This rate of return should be not less than 10%. When such return and the amount of investment to become a millionaire really is the seventh year of savings. By the end of the tenth year the total amount will reach 1.7 million UAH.

The majority of our citizens do not have 100 thousand UAH. With our average level of income (say, 4 UAH per month) we will have to save a million hryvnia for … 81 years. And at the same rate of return should not fall below 10%.

way, the stability of financial markets - the dream of every conservative investor. The above-mentioned 47 thousand UAH, accumulated in a deposit account in a U.S. investor with goskomstatovskim “income, in fact very lucky for him. This money has actually been collected only from the devaluation of the hryvnia: just a few months at the end of 2008 - the beginning of 2009 the national currency has lost 38% of its value, and the relatively small amount of savings (about $ 6 thousand) suddenly changed from 30 thousand UAH 47-48 ths.

But more domestic investors seek failure. The small accumulation of up to five-year plan for investments in the stock market or open mutual funds - the result of a sharp fall in asset values. In December 2007, our hypothetical investor who invested part of their income in the PFTS index, collected 9,5 ths. If the market continued to grow, by the end of 2009, an investor could withdraw the amount of 15-20 thousand UAH. But by October of 2008, two thirds of his savings were burned - by the time the investor was only 3185 USD. The same situation with PIFami. Three consecutive years, investments in public funds brought investors an average of 42% per annum, but in 2008, investors lost a third of its capital.

But if investment in Ukraine - as a risky business, perhaps more profitable to save money “under the mattress? Not in the least profitable. According to our calculations, mattress investment over the last five years would bring investors around 8 thousand grn - little more than an investment in the crumbling secondary property.

actually need to invest. The key to investing in Ukrainian realities - to continuously monitor the profitability of the tool, to analyze its reliability. This, at first glance, the simplest rule, many domestic investors for some reason did not follow, when in 2008, collapsed the stock market and investment funds market, and in 2009 - a few large banks.

Elena Shkarpova

In the Transport Ministry recalled the discomfort flag

The transport department of Ukraine made another attempt to make life easier for owners who use the flag of Ukraine …

Conference on-line: “The presidential election in Ukraine: the winners and losers”
Ukraine is the second round of presidential elections
Odessa acknowledged the most comfortable city in Ukraine
Burned-insurers had a chance

Clients bursting SC will get paid for avtograzhdanke, without waiting for the official bankruptcy of companies …

The worst thing is gone. Ahead - Turbulent Future

Experts have estimated the economic, political and technological risks facing the new president and his administration …

Expert: The use of electronic tickets in Ukraine causes many problems due to inconsistent regulatory framework
Transfer of electronic reporting for business entities on a commercial basis will lead to abuse
Today will draw for Euro 2012

Customers all want

Today banks are fighting harder than ever for each client, especially for legal entities. The fight is on two fronts - for the preservation of existing and attract new ones.

“Today is not a time when banks can not afford to dissipate our clients. The challenge now for many of the financial institutions - to keep the customer at any price” - confirms the head of the supervisory board of bank “National Credit Andrei Onistrat. Analyst company Prostobank Consulting Vladimir Payuk adds that the growth of its customer base is one of the priorities of each bank.

exceptions as clarifies Head of Corporate Business Bank

“Khreschatyk Alex Manzi, constitute only customers with a dubious reputation, suspected in money laundering. “Their reputation is reflected badly on the bank. On the other hand, care of” good customer “may be regarded as improper operation of the financial institution employees. It happens that companies are trying to understate the cost of the operation or service to a level below the cost of the product. It is clear that the bank is on the go can not. But in any case it is advantageous to negotiate and compromise, than to go to break relations “, - the expert believes.

Balancing on the brink of good business relations with customers and risk losing them, banks have increasingly used method of “carrot and stick”. To meet enterprises, they are willing to lower tariffs, increasing interest rates on balances in current accounts, apply an individual approach. “Recently a very popular among the banks are integrated” package “program for customer service to the same companies that are in need of additional funding may be eligible for a loan mainly in the facility, which served for a long time. And some lending companies are not their clients under the transfer of part or all rotations in their bank “- provides examples of V. Payuk.

On the other hand, packages are often imposed on customers regardless of their wishes.

“scheme” kreditueshsya - are served in our “is used by almost all banks”, - says A. Onistrat. His coll1000eague, A. Manzi confirmed - many banks in the loan agreements specify the conditions of the settlement and cash services exclusively in the bank, and require the client to refuse services other finuchrezheny.

Pereborchivy біÐ·Ð½ÐµÑ

But companies now have to save every hryvnia, and pay more for services (particularly those with hidden fees), they do not want. Therefore, despite the fact that they prefer the stability of the financial relationship, if necessary, change your bank quite easily.

The observations of A. Manzi, at this time, many clients, legal entity opening additional accounts in multiple financial institutions to be able to respond quickly to changing situations in the financial sector.

“Today, the main factor in changing the bank is the deterioration of his ability to pay, reduction in liquidity. In addition, always important are tariffs, service quality, relationship with the leadership of (primarily in regard to large customers),” - said the expert.

segment of customers who are ready to change or are in search of new financial institutions to find a more secure platform for their own funds for banks is a very interesting and promising, believes AG Onistrat.

“As part of the loan such clients are often looking not so much a bank capable of refinance as a way to increase the amount of credit for business development” - he says. Most likely to get new customers in this are the banks that have the means.

However, a significant role in deciding on the severance of one relationship to other play and subjective factors. For example, the director of law firm

“Platan Igor Krakovny traded one of the largest banks in the other smaller, because he was dissatisfied with the quality of service. “Prevents the constant turnover of staff, because of what for me was not secured a permanent manager, who would have been aware of my affairs. Besides, I did not like their own offices - small one-room premises with queues that are not given the opportunity to quietly negotiate with the employee Bank “, - he says. Increasingly, customers are not satisfied and the low level of technical equipment, typical for the majority of Ukrainian the financial institutions.

Loans vs. deposits

Efficient handling deposits is most important to their main customers - insurance companies, AMC, private pension funds. They are seeking a stable investment income and decide on the deployment of reserves in the bank ranking for their preservation and enhancement.
According to observations

A. Manzo, many companies in the financial crisis are in the process waiting and looking for investment destinations with acceptable level of risk. During this period they need a wide range of investments - both short-term (a few days) and longer. Also on observations of the expert, more and more customers use in their work documentary operations: security, including Tender, letters of credit, and the like. Gains popularity lending bail deposits, overdraft loans.

much in demand deposits to business loans remain.

“Today the most popular services among clients yurilicheskih persons is lending. a variety of ways. The greatest demand is observed on the overlap of cash gaps and perekreditovku other banks”, - said A. Onistrat.

Choosing the financial institutions willing to take the company money, not so great, so sometimes clients over in this case, particularly not necessary. Ability to lend legal persons has now become a major asset of banks in dealing with business, and deposit rates, discounts and bonuses were more pleasant additiabcon, as a decisive factor when choosing a bank.

Natalia Tarasova

Deripaska hired a PR man to repair its image
Access to the Internet have almost 60% of Poles
Every third Russians have a situation where he had to threaten to resign to the employer
Owners of motorcycles should get the rights until July 1
Expert: agribusiness companies in Ukraine are increasing their presence in the markets of European countries
Banker: The banking system is approaching the second wave of crisis
The Wall Street Journal: Kyiv company offers for rent a crowd for rally
Meat overgrown fat

Ukrainians are losing the chance to remember the taste of natural sausage …

The secretariat said the implementation of the general fund budget for the cost of 99,6% in January

Europe

1. Grosvenor Hotel, Blackpool, United Kingdom

2. Villaggio Club Porto Ainu, Budon, Italy

3. Park Hotel, London, UK

4. Boston Court Hotel, London, UK

5. Cromwell Crown, London, UK

6. Dam Hotel, Amsterdam, The Netherlands

7. Corbigoe Hotel, London, UK

8. Earls Court Gardens Hotel, London, UK

9. Blair Victoria Tudor Inn Hotel, London, UK

10. Minster Hotel, York, UK

Asia

1. Phi Phi Don Chukit Resort, Ko Phi Phi Don, Thailand

2. Raj Residency, Chennai (Madras), India

March. Goldkist Beach Resort, Singapore

4. Mahkota Hotel Melaka, Melaka, Malaysia

5. Centaur Hotel, IGI Airport, New Delhi, India

6. Tatami Hampton Hotel, Hong Kong, China

7. Pearl of the Pacific Boracay Resort Spa, Boracay, Philippines

8. First Hotel Bankok, Bangkok, Thailand

9. Seri Costa Hotel-Resort, Melaka, Malaysia

10. Royal Peacock Hotel, Singapore

U.S.

1. Heritage Marina Hotel, San Francisco, California

2. Days Inn Eureka /Six Flags, Eureka, Missouri

3. Tropicana Resort Hotel, Virginia Beach, Virginia

4. Super 8 Virginia Beach /At the Ocean, Virginia Beach, Virginia

5. Quality Inn, Stroudsburg, Pennsylvania

6. New York Inn, New York

7. Parisian Hotel Suites, Miami Beach, Florida

8. Capistrano Seaside Inn, Capistrano Beach, California

9. Desert Lodge, Palm Springs, California

10. Continental Oceanfront Hotel South Beach, Miami Beach, Florida

Ukraine postindustrial

New Year”s attack on the IMF, aimed at getting an additional $ 2 billion, might seem a critical moment …

The representative of the Ministry of Finance: The presence of four different exchange rates razbalansiruet economy of Ukraine
The representative of the Ministry of Finance: No serious reform of the tax system will remain inefficient economy
Scandal in Britain: what MPs spend public money
Geyets: Ukraine will be able to confront the economic challenges only if the economic growth of 5-6% per year
Switzerland and Germany are arguing for “tax sinners”
The best cars of 2010 in Ukraine
“B”: A sculpture by Alberto Giacometti sold for 104.3 million dollars
Poll: Germans are satisfied with their lives

“The banks have a correspondent account by which the aggregate is 20 billion (including reserves), and this is a very good indicator. sounded the alarm when there was 12 billion. In the banking system, there is a very large amount of liquidity that can not explain the drop Only since early this year to 17 billion of loans in general. That is, lending falls, and the liquidity of the banking system grows. objectively Banks do not want to invest money “, - convinced the representative of the Secretariat of the President.

According to Zhukovsky, partly due to this attitude of banks issue credit default, especially since an increasing number of people who deliberately go out to them not to return in the form of impunity for such action. Moreover, the situation with problem loans might deteriorate due to the growth of dollarization, because of which “have become more sensitive to the dollar,” says the analyst.

“Obviously, banks have no incentive to lend. Sometimes they are willing to buy the same certificates of the National Bank, but not to credit the economy”, - states Zhukovsky.

representative of the Secretariat of the President is convinced that a key role in solving this problem has to play the National Bank.

“There may be different mechanisms. Perhaps the adoption of the draft resolution, which has already been developed at the National Bank, that will still be implemented long-term refinancing of banks for investment projects, or will be found a real mechanism for the implementation of incentive investment in the economy” , - Zhukovsky said.

transportation of iron is not expensive, and the handling of more and cheaper …&ba3lt;/p>
Lottery bills - disassembly, plagiarism and money for the athletes …

After the ban on gambling, lotteries are the only legal option for Ukrainians seeking to try luck …

The fall of the European Stoxx 600 index during the week was a record for 11 months
Expert: Domestic economy is fully adapted to the status of raw materials periphery
Transfer Rules

Officials from the Education announced new requirements for contractors wishing to learn for free …

Products “without GMO” we will no longer be?

Experts say the narrowing of civil rights …

Conference on-line: “The presidential election in Ukraine: the winners and losers”
The Finance Ministry proposed to increase the VAT rate to 25%

As a result of trades RTS and MICEX, fell back to levels of the third decade of December last year: the RTS index fell to 1411.14 points (-3.55%), the MICEX index - up 1355.64 points (-2.88%) , the main chips have fallen in price on the stock exchanges to 2-5,6%.

week the RTS index sank 4.3% and the MICEX index - by 4,5%.

Futures on RTS Index on Friday rose to the underlying asset by only 3.5 points, indicating that the neutral expectations of players.

On MICEX, cheaper stocks of Gazprom (RTS: GAZP) (-2,3%), VTB (RTS: VTBR) (-4,5%), “Lukoil (RTS: LKOH) (-2, 7% and -4.9% in the RTS), Norilsk Nickel (RTS: GMKN) (-2,2%), “Rosneft (RTS: ROSN) (-3,5% and -5,6% in the RTS ), Gazprom Neft (RTS: SIBN) (-3,9%), “Surgutneftegaz (RTS: SNGS) (-2,5%), Sberbank Russia (RTS: SBER) (-2%),” Tatneft “(RTS: TATN) (-2,7%),” Polyus Gold (RTS: PLZL) (-4,3%).

Grown paper Rostelecom (RTS: RTKM) (1,2%) on news that after the consolidation of the assets of Svyazinvest on the basis of “Rostelecom” will be located on the western markets 25% stake in the merged company in April 2011 .

fall on world platforms provoked weak labor market data from the U.S. for January, released on Thursday, as well as concerns about the increasing difficulties with the reduction of budget deficits Portugal, Spain and Greece.

additional negative on Friday became the data on industrial production in Germany, which in December fell by 2,6% in the growth forecast to 0.6%.

little alleviated the negative and provoked the closing of “short position” in the evening of Friday January data from the U.S. labor market, which turned out different polarities (the number of jobs fell by 20 thousand in the growth forecast o1000f 15 thousand, but the unemployment rate fell to 9.7% 10%).

European FTSE index fell on Friday on 1,2%, U.S. SP 500 Index to 18:45 Moscow time has grown by 0,1%.

oil fell against the strengthening dollar (euro fell 0,4% - to $ 1.3675), and concerns about the slow recovery in world demand for energy.

price of March futures contracts for petroleum of mark WTI for 18:45 Moscow time was $ 73.05 per barrel (-0,1%), before the price fell by 5% because an unexpected increase in the number of new applications for unemployment benefits in the United States made investors had doubts about the end of the financial crisis.

As the head of analytical department IF Olma Vladimir Detinich, on Friday the market observed deepening downward correction under the influence of external factors. The flow statistics are not allowed traders to see “a ray of light in the darkness” - data on industrial production in Germany and the labor market in the U.S. were much worse than expected. Nevertheless, after the release of melon on employment in the U.S. for many blue chips there has been a rebound - statistics, was probably used as an excuse to close speculative short positions. These technical analysis does not exclude the possibility of deepening downward correction on the RTS index (the immediate goal may lie in the range of 1300-1350 points), he said.

According to the analyst VTB 24 (RTS: GUTB) Stanislav Kleshchev, quotations of futures for petroleum of mark Brent, despite record levels over recent months, the fall of quotations, remain above their 200-day average, which serves as a support. Accordingly, the chances of keeping oil prices above $ 70 are saved, which should provide support and the Russian stock market, analysts say.

According to the Head of the Department of trust management “Metropolitan Financial Corporation Kirill Alekseyev, investors in Russia scares and a sharp decline in world oil prices and the negative dynamics of equity markets. Technically the picture is bleak so far: in the case of penetration of the support 1350 points on the MICEX index next in order to reduce the area becomes 1200 points. If the market bounces up the resistance level on the MICEX index will make the value of 1400 points, he said.

According to the head of analytical department of the PS “Infinite” Alexander Ivanisheva, markets clearly panicked, recurrence of the January sales brought down the stock exchanges.

“One of the discussed reasons for the decline - the rise in unemployment in the U.S. - it seems unconvincing. The main source of threat - the growing wave of fiscal problems in the EU and the USA. Since the beginning of the month quotes CDS on U.S. debt rose from 44.7 up 57.4 points, and thus returned to the values crisis in December 2008. followed by Greece in the black list of potential bankrupts were Portugal and Spain, which resulted in a sharp increase in sovereign risk of these countries and falling stock exchanges, “- he states.

Analyst Promsvyazbank (RTS: PRSB) Oleg Steps notes that among the leaders of the fall in prices during the week were shares of steel companies against the rollback of metals. Falling share prices, Novolipetsk Steel (RTS: NLMK) contributed to the decline of his recommendations investment banks, and the downward pressure on stocks, Pipe Metallurgical Company (RTS: TRMK) had occupancy by 5-year convertible bond of $ 420 million that could be converted into GDR companies with a premium of 30%.

At the same time favorites for the week of growth became preference shares of interregional communication companies (MRK): “Sibirtelecom (RTS: ENCO),” CenterTelecom1000(RTS: ESMO), “Uralsvyazinform (RTS: URSI) and” Southern Telecommunications Company (RTS: KUBN), grown on 11-18% due to the anticipated promulgation of rates of exchange of shares for shares of MRK combined company “Rostelecom”, which is likely to happen in March. According to the plan of reforming Svyazinvest, the first half will be receiving corporate approval, and in June-July 2010 is expected to decide on joining the general meetings MRK.

stock indexes in the U.S. fell on the eve of an average of 3%. The number of Americans who first applied for unemployment benefits, unexpectedly rose last week to 480 thousand to 472 thousand revised the previous week. At the same time analysts expected reduction in the number of hits on 15 thousand from the earlier announced level - up to 455 thousand

sudden increase in the number of new applications for unemployment benefit suggests that companies do not have enough confidence in the restoration of the U.S. economy, experts say.

Stock Indices Asia-Pacific Region (APR) fell on Friday, the fastest pace in 10 weeks after an unexpected increase in new applications for unemployment benefits in the United States. As writes The Wall Street Journal, lower commodity prices, the strengthening of the yen and the problems of budgets and national debt in the euro zone also does not add optimism to investors.

The strongest decline was noted among the mining and energy companies, ATP, as the rise in the dollar triggered a collapse in commodity prices.

second-tier “on the MICEX on Friday became the leaders of the fall of TGK-13 (RTS: TGKM) (-7%), OGK-4 (RTS: OGKD) (-6,7%),” Inter RAO UES (RTS: IRAO) (-5,9%), “PIK Group (RTS: PIKK) (-5,7%),” Severstal (RTS: CHMF) (-5,5%), NLMK (-5.4%).

grown paper TGK-14 (RTS: TGKN) (5,6%), “Magneto” (RTS: MGNT) (0,4%).

total trading volume in shares on the RTS classic market for the day amounted to $ 12,632,000 in Section RTS Standard turnover reached $ 481.95 million, on the MICEX exchange transaction volume has exceeded 80.09 billion rubles.

Quick revaluation of the yuan adversely affect the economy of China
Oil can fall in price next week because of an increase of fuel in the U.S.
Drivers can pay fines via terminals in patrol cars
86% of the producers of meat products worked with violations
Fitch: Most of the rating actions on banks were positive in 4 square meters. 200b8b9
The student, who introduced the platform Fynanz, received 6.5 million dollars
Obama has pledged $ 30 billion for lending to small business
Bankers promised to resume lending in the spring

First, the granting of loans to be thawed for corporate clients …

USA: the markets jumped on the “hanging flags” …

However, the dynamics of individual indicators of the monetary market (in particular, the volume of corporate deposits and loan portfolio) influenced the decision to start liquidation Ukrprombank, the volume of loans and deposits which have ceased to be considered in the overall performance of the banking system.

according to a report of the National Bank of Ukraine (NBU).

While that total deposits in January 2010 decreased by 0,9% (up to 324,7 billion UAH.), retail deposits increased by 0,3%. I grew up the v1000olume of investment of the population came from increased deposits in UAH (0,9%), while individuals” funds in foreign currency declined slightly (by 0,1%).

of legal entities in January decreased by 3,2%, in particular due to the influence of technical factors related to the liquidation of LLC Ukrprombank.

Also in January there was a decrease of cash outside banks to 2,5% - to 153.1 UAH billion. that is a traditional phenomenon for the first month of the year. Share of cash in the structure of money supply in January fell to 31.9% compared with 32,2% in December 2009.

Reducing the volume of deposits and cash outside banks accordingly affected the dynamics of money supply, the volume of which in January fell by 1,5% - to 480.2 UAH billion. And the amount of the monetary base decreased by 2,8% - to 189.4 UAH billion.

flow of funds from cash to cashless boosted liquidity in the banking system. To avoid the formation of monetary stability of the currency risk The National Bank of Ukraine has been actively carried out the operation to raise funds of banks, total volume in January amounted to 16,6 billion UAH., While the volume of refinancing operations of the banks - 1,4 billion UAH.

average interest rate on mobilization operations in January amounted to 7,9%, on refinancing operations - 13,1%.

operations NBU to regulate liquidity helped to ensure balance on the monetary market and avoid excessive growth of bank liquidity - the amount of banks” correspondent accounts in January increased by 0,6% - to 17,5 billion UAH.

total required reserves generated by banks in January, amounted to 12,2 billion UAH., including 5,7 billion UAH. was transferred to a separate bank account at National Bank of Ukraine.

dynamics of the budget in January at the state of liquidity of banks has not significantly affected. The level of government in national currency on accounts of National Bank of Ukraine in January increased by 72,7% (in nominal amount of only 0,8 billion UAH.) - Up to 1,9 billion UAH.

volume of operations of the National Bank of Ukraine on redemption of government bonds from banks of Ukraine (nominal value) in January amounted to 6,32 billion UAH.

determining factor in reducing the total balance of credit inflow in January to 2,0% - to 703.5 UAH billion. was the beginning of the elimination LLC Ukrprombank, credit investments which have ceased to be considered in total. Reducing balance of credit inflow occurred in both national (2,5%) and foreign (1,5%) currencies.

certain stabilization of the situation on the monetary market and the gradual reduction of inflation and devaluation expectations caused a decrease in the value of money in national currency - both loans and deposits. Thus, the average rate in domestic currency loans decreased from 19.6% in December 2009 to 17,4% in January 2010, the weighted average cost of deposits during this period decreased from 14,0% to 12,4%. The average value of loans in foreign currency increased from 10,2% in December 2009 to 10,3% in January 2010, while on deposits has decreased from 9,5% to 9,2%.

the interbank loan market average rate for transactions fell from 7.0% per annum in December 2009 (including loans overnight 3,3%) to 6,2% (for loans overnight 2,7%) in January 2010.

the State Budget of Ukraine on the results of placement on the primary auctions of government bonds of domestic loans during January 2010 received funds totaling $ 1 166.82 mln. Weighted average yield on Government Bonds in the auctions for the initial public offering was 22.32% per annum.

redemption and payment of income to Government Bonds were carried out promptly and in full, which in January 2010 amounted to 389.31 mln., including the basic duty 141.45 mln., payment of income 247.86 mln .

An attempt to pass an important support level at 1,390 points, which failed last week, ended his breakdown at this
In the short term quotations may play a part of the lost positions, including those under the influence of technical factors
U.S.: the fall in unemployment was pleased just the high-tech sector
Europe: Investors are forced to “wear the bearskin”
To Clearing operations now need permission from the NBU
Co-owner RUE Austrian Centragas starts arbitration
SP: Public finance of Ukraine will continue to be under pressure in 2010
NBU: The cost of mortgage rates should decline by 25%
“Arcelor Mittal Krivoy Rog” increased wage rates and salaries on 11,43%

5 February, Vice President of Marketing and Sales AvtoVAZ Maxim Nagaitsev said that the company plans to sell 100 thousand cars on the recycling program. In addition, the plan was disclosed sales for 2010, which amounts to 450 thousand cars. We evaluate a plan to sell 100 thousand cars on the recycling program, cars like the overly optimistic. The Government has allocated in 2010 10 billion rubles for the implementation of this program. Based on the amount of compensation of 50 thousand rubles for 1 car, the program is designed for 200 thousand cars. Thus, the AvtoVAZ wants to get 50% market share of cars sold on recycling programs. We believe that AvtoVAZ has a chance to take half of this market, as fixed at 50 per thousand sum of certificate is most pronounced when buying a car VAZ, in the lower price segment. However, we doubt the sale of 200 thousand cars on the recycling program in 2010. We estimate that consumer demand in 2010 will remain weak, growth of disposable incomes are low, and consumer lending will grow at a moderate pace that would put pressure on the demand for cars.

General Director of JSC “OGK-3 (RTS: OGKC) in his interview with Interfax made some important statements. First, in 2010 it expects to reduce operating profits by 7 times compared with the year 2009 - up to 600 million rubles. This amount does not include the possible revenue from the placement of free funds. According to him, coming in 2010 will be for OGK-3 the most severe, in particular because of low tariffs. However, through the implementation of programs to reduce costs will get the effect of the order of 1 billion rubles. Secondly, it became known that in 2009 operating profit of OGK-3 will be 4.2 billion rubles, the CEO noted that in 2009, failed to obtain substantial additional income from the placement of free funds, as it was in 2008. Nevertheless, management of OGK-3 plans to offer shareholders of net profits to send to dividends. Thirdly, it was confirmed the intention in the near future to sell the share of OGK-3 RUSIA Petroleum. We believe that the statements could have a positive impact on share prices OGK-3. Put across by the likely deterioration in financial performance of the company market speculations, as approved in 2010 the dynamics of electricity tariffs and the power behind the dynamics of fuel prices and inflation forecast. At the same time set goals to reduce costs, demonstrate the commitment of management OGK-3 to enhance the effectiveness of the company. Intention to send a portion of the net profit on dividends is somewhat unexpected. We estimate the potential dividend yield will likely not be interested in investors. However, this indicates an improvement of corporate governance, which is also confirmed plans to sell noncore assets.

NBU: Negotiations between the shareholders of the bank “Forum” to increase the share capital are close to completion
Advertisement week was very volatile, and Russian stock indexes have shown reductions in its follow-up
Many market participants long awaited correction and embraced the movement of world indices as a sell signal
The unemployment rate could support the market, but the positive impact of statistics has been short-lived
Despite the positive with the U.S. labor market area opened lower
Ukraine state debt grew by 59%
Greece to change laws in order to reduce the budget deficit
Russian indices finished volatile trading week of sharp decline, but a chance to rebound in the coming session is saved
In the medium term, the RTS index was stuck in the hallway 1300 -1500 points, today”s value as a 1412 pukto not encouraging