Aug
12
Trader’s daily - August 12, 2009
Filed Under Uncategorized |
Stocks
Market today. The trades were rather emotional – the roller-coaster, which was showed today by the Russian currency versus the bi-currency basket, leaded to the serious slipping at the beginning of trades. After that the market has partially won back the morning drop.
Market tomorrow. The decision on the rates by FED is to be waited for due to the market dynamics tomorrow will depend on it.
Bonds
Market today. At the beginning of the day ruble rate drop scared many investors, which leaded to selling in the sector of ruble bonds. The drop of ruble might be explained likely by the speculative factor, rumor on the possible devaluation of ruble and drop of the oil price. Closer to the end of the day the market was supported by the data on the trade balance of U.S., which turned out to be better than the experts expected, and the positive data on inflation in Russia during the past week. After the morning sale, in the eve the players began purchasing bonds. Today demand was for Gazprom-4, Gazprom-11, MTS-3, MTS-4. At the Eurobond market Russia-30 was trading lower than nominal during the whole day.
Market tomorrow. The market of ruble bonds tomorrow will be affected by the information on oil supplies in U.S. and report of U.S. FED that will come out today, so it is complicated to forecast tomorrow movements at the market.
No comment
Negative foreign trade balance of the U.S. upped in June by 4% versus the previous month to 27 bn USD, less than expected. (Bloomberg)
Industrial production in Eurozone has unexpectedly lowered in June by 0.6% (versus May) after May growth. (Bloomberg)
The number of citizens in the UK that are receiving the unemployment benefit, in July it upped by 24.9 thousand people to 2.24 mn. (Bloomberg)
TNK-BP in 1H 2009 reduced the selling of oil products by 6.6%, having upped the selling of oil by 7.5%. (Interfax)
Tatneft in 1H 2009 reduced oil export by 1.2%. (Interfax)
Fitch confirmed the rating of Norilsk Nickel at the level of “BBB-”, NLMC – “BB+”. (Interfax)
Net loss of KAMAZ in 1H 2009 totaled 1.6 bn RUR. (Interfax)
AvtoVAZ used up 24.32 bn RUR out of 25 bn RUR of state bail. (Interfax)