Aug
12
Trader’s daily - August 07, 2009
Filed Under Trader’s view |
Stocks
Market today. Activity of the players lowered against the background of negative mood prevailing during the day. The external reference points did not give reasons for growth: oil prices were reducing versus yesterday estimates, the European indices were also in the red zone. Only the data on the labor market of U.S., which turned out to be unexpectedly good, resumed interest to the Russian companies’ shares. As a result, by the end of the session, the day-time reduction was almost won back. As before the shares of Gazprom and Sberbank made the main interest for the investors.
Market tomorrow.Early next week no important stats are expected. Due to that the exchange market will be under the affect of grounds close in U.S., and also the commodity factor.
Bonds
Market today.Friday principal news was the reduction of the interest rate by CB RF by 0.25% to 10.75%, and also the strong data on unemployment in the U.S. At the given background the ruble bonds market managed to avoid correction. During the day slight liveliness and purchases were indicated, which however, came to an end by the end of the trading session. At the forward market we should outline Vimpelcom-3, which is trading higher than 103 figure level, and the new issues of LUKOIL – higher than 101 figure. At the Eurobond market the activity was low, demand – minimal.
Market tomorrow. The activity of the market on Monday will demand on the data from the U.S. market, which will be positive and will bring the bond market up a bit.
No comment
Unemployment in the U.S. reduced in July to 9.4% from 9.5%, growth to 9.6% was expected. (Interfax)
Industrial production in Germany reduced in June by 0.1%, upping by 0.5% was expected. (Interfax)
GDP of Italy in 2Q 2009 dropped by 0.5% for the fifth quarter in a row, reduction by 0.7% was expected. (Interfax)
CB of RF August 10 reduces the key interest rates by 0.25 p.p. (Interfax)
Net profit of Transneft by IAS dropped by 17.3% in 1Q 2009 to 18.643 bn RUR. (Interfax)
Net loss of TGC-2 by IAS in 2008 grew by 2.6 times. (Interfax)
TMK negotiates with Gazprombank on prolonging the credit by 1.1 bn USD to 5 years. (Interfax)
The former top-manager of GM Bo Andersen will come instead of Sergey Zanozin at the seat of president of GAZ group. (Interfax)
KAMAZ will gain 270 mn RUR of state bail for organization of temporary working seats. (Interfax)