Since early 2009, oil production in Russia increased to 242.594 million tons, gas production fell to 274.274 million cubic meters

July 2nd, 2009

According to the Ministry of Energy, the volume of oil and condensate in June 2009 amounted to 40.464 million tons, all from the beginning of the year it produced 242.594 million tons of oil, which is 307 tons more than in the same figure for 2008.

The volume of oil supply of raw materials for processing in Russia in June this year amounted to 19.448 million tons, is the beginning of the year amounted to 115.091 million, which is 1.5 million less than the same period last year.

Russian oil exports in June amounted to 19.785 million tons, all from the beginning of the year were exported 122.150 million tons (which is 2.238 million more than in the corresponding period in 2008). The volume of primary processing of petroleum feedstock for refineries Russia amounted to 19.654 million tons, all from the beginning of 2009 was 115.303 million tons of processed oil (-403.5 thousand more than in the past year).

The volume of gas production in June amounted to 36.338 million cubic meters. m., the volume of production from the beginning of the year fell to 72.038 million - up to 274.274 million cubic meters. m.

At the same time the share of Gazprom in June accounted for 27.569 million cubic meters. pm, with the beginning of the year the company produced 216.419 million cubic meters. m. of gas, which is 73.494 million cubic meters. meters below the figure for 2008.

In June, domestic gas consumption amounted to 22.426 million cubic meters. meters, while gas consumption in the country since the beginning of the year fell to 11.004 million cubic meters. Read the rest of this entry »

Forex on the European session

July 2nd, 2009

index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) has fallen on 69.94 item (-1.43%), and is at the level of 4835.50. The index of London Stock Exchange Futsi 100 (FTSE 100) fell by 33.49 points (-0.77%), and is at the level of 4307.22. September futures on the index S & P 500 (SP 500) at Globekse (Globex) dropped 4.8 point at 914.4. Opening of the American stock index today is expected to bottom.

rate euro /dollar fell on the European session to 1.4045. The negative impact on the euro had a drop in stock indexes, the weak data in the euro, reducing the price of oil and precious metals.

It is noted that prior to publication review of labor market activity in the United States investors in the forex market is relatively low.

Managing Board of the European Central Bank decided at its meeting today to leave the refinancing rate in Europe (16) unchanged at 1.00%.

financial market participants expect a press conference on the results of meetings of the Governing Council of the ECB, which was addressed by the ECB President Trichet.

Swedish Riksbank central bank unexpectedly cut the main interest rate at 0.25% to 0.25%.

Today, the price of oil in electronic trading in New York fell by 1.35 dollars to 67.96 dollars per barrel. Read the rest of this entry »

Analysis - Results of the day

July 2nd, 2009

Today in the results:

  • Energy and Energy

    futures black gold on Thursday, July 2, remain on the negative territory. Yesterday's data on oil stocks, and pessimistic forecasts for the new portion of the macroeconomic news from the United States are not conducive to an active interest in shopping.

    price of oil fell below $ 70 a barrel after the Energy Department issued a report on oil and petroleum products in the country.
    The decline of oil reserves in the United States last week proved less data published on Tuesday the American Petroleum Institute. In addition, the oil terminal to which the supply of black gold futures contract rose.

    Minenergetiki United States: Oil reserves in the country for the week declined by 3.7 million barrels.

    OPEC increased oil production in June.

    Gas production in Russia in the 1 st half fell to 20.8%, oil - by 0,1%.

    gas exports in June amounted to 12.204 billion cubic meters

    BBCRussian: In the fight against Nabucco Moscow is not at the cost of billet?

    Electricity production in Russia declined in June … more

  • world stock market

    Trades in the United States on Wednesday, July 1, shut down the growth of stock indices. The macroeconomic data published today, gave investors reason for optimism before a key report on employment in the United States on Thursday.

    Stock trades in Europe on 1 July increase in the leading index closed down against the backdrop of rising prices for raw materials. Favorable impact on the market have also had some corporate news.

    trading session in Japan, 02 July, ended the decline in the Nikkei index of 0.64% to 9876.15 points. Wide market Topix index also closed in negative territory, fell to 0.47% to 924.02 points.

    As a result of trades

    01 July RTS index to closing of the previous session, fell by 9.08 points (0.92%) and amounted to 977.94 points.
    The turnover of trades on the RTS classic market totaled $ 5.633 million, which is about average for the last month.

    Results of the trading day from the Russians: market investors continue to roll on a toboggan.

    As a result of yesterday's auction MICEX index rose by 40.93 points (4.21%) to close the previous session and was 1012.48. Read the rest of this entry »

With a high degree of probability before the end of the day the preponderance of sales in the Russian market will continue

July 2nd, 2009

On the Russian market returned pessimistic mood, major indexes falling today - in the middle of the day MICEX losing 2.17%, RTS - 0.43%. On the negative statistics on unemployment in the euro area, as well as the fear of disappointing part of the U.S., go down the foreign court. Europe is losing around 1-1.5% in the red zone (-0.67%) traded on the American Future. Oil desheveet more than 2%.

blue chips in most of fall. As a leading advocate of reducing stocks of Gazprom (-3.41%), Tatneft (-3.25%), prefy Sberbank (-3.93%). An exception to the general trends are the shares of CMI (1.97%), NLMK (6.87%), Severstal (2.73%) and Polymetal (0.3%).

At 15.45 ECB has announced a revised level of interest rates in the near future. At 16.30 a statement of its chapters, as well as the forthcoming U.S. data on unemployment. At 18.00 will be issued statistics on the volume of orders of American industry.

We note that with high probability before the end of the day the preponderance of sales in the Russian market will continue, which may cause a negative statistics.

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The price of oil still remains at a high enough level, it supports the Russian market

July 2nd, 2009

Today on the Russian stock market correction is happening, but it was not a proactive - Strong sales do not occur. We see the sale of Sberbank, which continued for several days. Minor sales occur in the oil and gas sector, despite the fact that oil prices have adjusted from yesterday's levels. The negative dynamics associated with the correction in oil and the negative movement of the Western European indices, futures on indices, plus the U.S. show mixed trends. But the sales do not, all wait for the output statistics, which now appears. At 16.30 will be published on the U.S. labor market, it probably would be the most important factor. After that, the dynamics of the Russian market could change, could increase sales. Expectations on the number of changes jobs several weaker than the data that had been in May.

Tomorrow the United States is not traded before the Independence Day. It is difficult to say that tomorrow will take place in our market, probably will not be at all volumes. We are looking forward to the statistics, while not anything interesting happening. In the future, look at what statistics will be released. Whilethere is a desire to buy. The price of oil still remains at a high enough level - around $ 70 a barrel. This, of course, supports our market. The reason for the collapse is not serious.

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Tyumenenergo would send a net profit for the year 2008 for the development of

July 2nd, 2009

In Moscow, the annual general meeting of shareholders of OAO Tyumenenergo.

GOSA outcome was the approval of the annual report of OAO Tyumenenergo and annual financial statements. According to the results of 2008 net profit of the company amounted to 1 080 385 thousand rubles.

The first priority of public policy for the management of complex distribution network of Russian Federation is the repair, modernization and development of networks. In this regard, the only shareholders of OAO IDC Holding on behalf of the Ministry of Energy has decided to opt out of receiving dividends, and profit of the company for 2008 in full to the Reserve Fund Tyumenenergo in production development.

The value and role that the state gives Tyumenenergo in the network of companies, shares of which are managed IDC Company, has once again demonstrated the new composition of the Board of Directors.

Of the 11 elected members of the Board of Directors Tyumenenergo, 6 are the top managers of Russia's key energy companies. This number of professionals that affect the adoption of policy decisions affecting the future of Russian power, there is not one of the IDC, which is a shareholder holding.

The Board of Directors of OAO Tyumenenergo includes:

- Shvets, Nikolay Nikolayevich- Director General of OAO IDC Holding

- Alexey Demidov - Deputy General Director for Economics and Finance of JSC Holding IDC.

- Okley Pavel Ivanovich - Deputy General Director - Technical Director of JSC IDC Holding

- Alekseev Paul A. Read the rest of this entry »

Review of the FOREX market for 01.07.09

July 2nd, 2009

Dynamics

irregular trading in the U.S. are continuing. This pair of EUR /USD, after growth fell to 1.4200 to the 1.4100 mark, a pair GBP /USD traded in a range of about 1.6450, and the pair USD /CHF recovered to 1.0800 after lowering the mark to 1.0700. Japanese yen is held in a range against the dollar, but lost its position against the euro. This pair USD /JPY trading below 97.00, a pair of EUR /JPY rose above 136.00. Commodity currencies traded against the U.S. dollar raznonapravleno. Thus, the pair AUD /USD traded in a range slightly above the 0.8000, a pair NZD /USD fell below 0.6400, and the pair USD /CAD has fallen to 1.1440.

Causes

Yesterday morning the dollar has fallen, have been under pressure against the backdrop of favorable data published indexes of supply managers in the manufacturing industry eurozone and Britain, which helped to increase the propensity of investors to take risks. However, early in the New York session, the situation has changed, as well as data published in the United States, have fallen short of projections, which contributed to the shift to buying the dollar. In particular, the reduction in the number of jobs in the private sector of the U.S. in June was more significant than expected. Nevertheless, despite the fluctuations, many couples do not leave the U.S. Read the rest of this entry »

Forex - Asia

July 2nd, 2009

index of the Tokyo Stock Exchange Nikkei (Nikkei) has fallen on 63.78item (-0.64%) and closed at 9876.15. Yield 10-year Japanese government bond is 1.355 (has grown over the previous closing on 0.015). Index of the Hong Kong Stock Exchange Heng Seng (Hang Seng) has grown by 176.91 points (0.96%) and is located at 18555.64.

rate euro /dollar fell on the Asian session to 1.4084. The negative impact on the euro have had conversations about that, to address the problem of bad debts of Russian banks may need to increase the amount of own funds of 60 billion dollars.

pressure on the euro /dollar rate has falling Australian dollar after the data on the significant increase in trade deficit in Australia.

It is noted that prior to the meeting of the Governing Council of the ECB and the data review of labor market activity in the United States investors in the forex market is low.

Today, the price of oil in electronic trading in New York fell by 0.14 dollars to 69.17 dollars per barrel, thereby continuing yesterday's decline.

Today

expected output the following data:

at 09:00 GMT - unemployment rate (Unemployment) in Europe (16) May (previous 9.2%);

at 09:00 GMT - industrial price index (PPI) in Europe (16) May (previous -1.0% for the month, -4.6% per year);

at 11:45 GMT - the results of meetings of the Governing Council of the ECB on changes in interest rates in Europe (16);

at 12:30 GMT - Press conference on the results of meetings of the Governing Council of the ECB;

at 12:30 GMT - the number of applications for unemployment benefits (Jobless claims) in the United States during the week to 27.06 (forecast 620K, the previous value of 627K);

at 12:30 GMT - the number of new jobs (Nonfarm payrolls) in the United States for June (forecast-365K, the previous value-345K);

at 12:30 GMT - unemployment rate (Unemployment rate) in the United States for June (forecast 9.6%, previous 9.4%);

at 12:30 GMT - index of average hourly earnings (Average hourly earnings) in the United States for June (forecast 0.2%, previous 0.1%);

at 14:00 GMT - index of production orders (Factory orders) in the United States for May (forecast 0.3%, previous 0.7%);

at 20:30 GMT - the index of money supply M2 in billions of dollars in the United States for the week of 22.06 (previous 15.7). Read the rest of this entry »

In Asia, the optimism of investors has dried up

July 2nd, 2009

The U.S. indices finished yesterday's trading session on the increase: Dow index has added 0,68%, SP - 0,58%. The main factor that supported the optimism investors had become makrostatistika. Surprisingly strong index was outstanding sales in the real estate market: it grew 0.1% in May, and in April its revised value of 6.7%. Also departed slightly from the projections and the production index of ISM, which rose to 44.8 in June, with the section of growth expectations to Clause 44.9, thus approaching to turn in paragraph 50, after the overcoming of which we can speak about the growth in industry .

However, the optimistic mood of investors подпортила appeared worse expectations of statistics on the number of jobs, as well as construction costs. ADP report showed that the number of jobs in the private sector in June fell by 473 thousand, which is better the May figure of 532 thousand, but still shows the deep crisis facing the labor market in the United States. Read the rest of this entry »

Metropolitan RealEstate Market: brick by parachute

July 2nd, 2009

realtor stockpiled champagne

By the beginning of this year, the price per square meter in Ukraine fell by an average of two times, and the number of sales transactions close to zero. Buyers have lost any interest in land, and to transactions in commercial real estate. Move is merely the market rent, but on the number of potential kvartirosdatchikov of times greater than the number of applicants, employers.

However, by April, when the enormous efforts that focus on the brink, the national currency has been forced in the more or less decent values, stopped and stop the fall in the real estate market.

Moreover, the housing market revival has happened unexpectedly, and by June of the capital's real estate market have been literally swept (or revalued) for almost all gostinki 30-35 thousand and 40-45 for the full one thousand U.S. dollars.

Capital (and not only) realtor stockpiled champagne in anticipation of new long-term growth of prices per square meter. Bored without work and without money real estate often dare to even suggest to sellers of flats immediately raise prices further.

Over the past month, prices of many objects in Kiev really grown. On average, 10 thousand USD went malometrazhnye gostinki - a kind of small change in the market, at 10-20 thousand USD - One-and two-room apartment in the Soviet Czech. The holders of the same so-called comprehensive (very close and obsolete, but slightly better than the Czech in the former housing department homes) dootsenili their treasure at once at 25-30 thousand USD Some apartments in a rather unattractive condition, but in the center and went up to 50 thousand USD

However, significantly, sometimes by tens of thousands of dollars to reduce prices at a relatively high quality housing in attractive areas, often with a good repair, with several options offered by the built-in furniture and kitchen appliances.

Such a phenomenon is explained very simply: even lower since the beginning of the economic crisis in the country, the price that sellers we called elite housing, however, remained at inadequate levels. For the money that sellers wish tritely enticed out from the buyers (for example, for dvushki one put in service multi candles from the metro station Livoberezhna or Obolon), you can easily buy a few similar footage of the apartments or one villa in the prestigious districts of the capitals of many countries of the European Union.

no secret that these countries are disproportionately higher and the level and quality of life. Their populations, despite the financial crisis (which, incidentally, there are few who have observed), with considerable optimism about the future.

Thus, a sharp increase in prices of flat low-price segment and at least a sharp decline in prices in the market of elite apartments offset price indices. That is why the price indexes that are tracked in the popular online real estate portals, not rvanuli sharply upwards, and showed a moderate within the statistical error of the price increase.

Nevertheless, a number of factors indicates that the realtor obviously hurried to open a bottle of sparkling beverage, and real estate market in our country is far from the price floor.

all black sheep flock Port

Not

economic feasibility, and no adequate price per square meter driven the few buyers in the housing market in April and May of this year. Buying helped simply fear for their personal finances and insecurity.

Millions

fellow citizens not so long ago had become unwitting participants in the fear factor in Ukrainian, they entered the unequal fight (and many have won it) with some Ukrainian banks. It is only in America or the EU in the event of insolvency of financial institutions through the week, the investor receives a second check for all due to him under the deposit amount. In our country got the spread of know-how with the introduction of so-called interim administration in the problematic financial institutions, followed by the freezing of deposits for six months. By the way, the notorious six months the ban on the issuance of the deposits in most banks - financial losers end in August and September. Rather, these institutions and investors after the end of that period looked forward to, at best, only a very small part of the payment of contributions and the freezing the principal amount of bleak prospects.

According to official figures, equivalent to about 94 (!) bn. removed from the domestic financial system, citizens, and only about 1 billion of that amount returned to the system in April after a temporary stabilization of rate hryvnia.

is not difficult to guess about the plans of the citizens, has seized these billions.

Will Do massive return of deposits in banking institutions to the country? No, will not start. Indeed, so far to get to a few thousand hryvnia necessary for treatment, even pensioners have to undergo humiliating mnogonedelnye commission, which is very serious, and probably paid people to decide whether the investor deserves to get their own money for treatment (and so if there is a full package of certified medical documents). Even the equivalent of one thousand dollars (even for medical reasons) now pull out of some financial institutions of Ukraine is extremely problematic. It seems that the officials designated to dispose of the money from the Interim Administration has already considered these funds by their rather public.

There is a folk wisdom: black sheep flock spoils everything. The number of sheep, yet the recent spreading of adventurous lending for housing to the right and left, and also provide their owners personal windfall, our country is constantly growing. That is why the resumption of full confidence in the banking system can not read the question. The banking system is seriously compromised, and a long time.

In terms

stop lowering the standard of living in the country and reduce real wages and incomes of the withdrawn money from bank accounts, of course, be taken up. Part goes to the fading market for the sale of cars, some will be spent on imported household appliances, leaving the balance of foreign trade in goods for a long time to be us rejoice sharply negative.

Those who have appeared on the hands of a few tens of thousands of foreign currency, have a look just at the real estate market as an occasion to optimism of market operators. That's why rashvatali basically the cheapest options, but on what is left, the owners of housing prices have increased sharply.

Nevertheless, very soon, it is possible - in autumn of this year, in an extreme case within the next year, the real estate market of Ukraine is still collapses again. And vast trends affect all types of housing.

Second Wave

There are a number of circumstances that make the second wave of reduction of price per square meter is simply inevitable.

1. Falling economy, holey budget suspiciously zavyazshy in nepodemnyh debts Naftogaz and tune up the bankers require huge and continuous emission unsecured hryvna. Thus, the devaluation of the currency - just a matter of time. Currency prices per square meter, as the events of last year, will automatically fall down (with some time lag), together with the devaluation of hryvnia. Therefore, monetary cost of one square meter will drop, and some adjustments to this process can only make the likelihood of major problems the U.S. dollar in world markets, which in recent times transparently hinted Russia and China.

2. Characteristically, however, that at the moment, the price of the real estate market compared to their peak values last year fell only in foreign currency terms, and almost solely on the percentage of devaluation of hryvnia. Read the rest of this entry »