Jun
16
Trader’s daily - June 10, 2009
Filed Under Trader’s view |
Stocks Market today. The market climbed again following the upped oil prices. Everything was growing, and the most popular were the shares of power energy sector – on the main notes the quotes adding totaled 10% and more.
Market tomorrow. Unlikely the market will be able to show serious variation – there are both supporting and resisting factors.
Bonds
Market today. On Wednesday the sale prevailed at domestic market. Liquid issues reduced by 30-50 b.p. average. Among the leaders was the first issue of Gazex-Finance, Kubanenergo-1, VTB-5 and Ivanovskaya region-1. Besides, the market speculators on the threshold of placement were interested in the old issue of X5. Activity was in WGC-5 and WGC-2. At the Eurobond market the quotes movement was still lateral.
Market tomorrow. On Thursday the price correction on the threshold of long week-end might continue. At the same time closer to the day end likely will reduce. The central event will be the placement of the second loan of X5. However, likely the company will not give generous premiums: there are extra orders already.
No comment
Export duty for oil starting from July 1 might be increased by 60 USD to 210-212 USD per ton. (Ministry of Finance of RF)
VTB 24 bought back via offer bonds of 3 series for 5.8 bn RUR. (Interfax)
Gazprom Neft might place Eurobonds by 0.5-1 bn USD, and attract a credit for the sum to 400 mn USD. (Interfax)
LUKOIL is getting ready to attract a club credit for the amount to 1 bn USD by the end of June. (Interfax)
Budget deficit of RF in 2009 at the most unfavorable conditions will total 9.3-9.9% of GDP. (Ministry of Finance)
Capital inflow in RF in May will total 2-3 bn USD. (CB)
CB RF expects that the overdue by the end of 2009 will form 10-12%. (CB)
Negative balance of foreign trade of U.S. upped by 2.2% in April versus March to 29.2 bn USD. (Bloomberg)
Trader’s daily - June 10, 2009 (PDF)