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3 July 2009, BRIC, Russia Thursday was negative again at the Russian share market so it started dropping from the very morning. Actually two waves of drop were indicated during the day – in the morning and after 4:30 pm Moscow time. The morning drop was likely due to winning back the dropped oil prices. In the afternoon the market went down under the impact of several factors. First of all, the unsatisfying comments by the head of ECB Trishe, who has actually stated that the bottom of the economic crisis has not been passed yet in the Euro zone. Besides, data on unemployment came out on the U.S. and the Euro zone – the unemployment levels reached their maximums within several decades, which definitely do not set the positive mood on the markets. At the given background the quotes of the oil futures dropped down fast, along with the foreign markets, including the Russian shares. As a result by the end of the day almost all the members of the oil sector went low, being accompanied by the automobile companies, and some telecommunication companies. Indian stock market morning report by Keynote Capitals (July 3, 2009, Friday, 7.00 a.m. GMT) 3 July 2009, BRIC, India Yesterday’s trading session can aptly be described as a tug-of-war between bulls and bears. There were several short rallies and corrections during the session. There were also a couple of rather major rallies and a major correction with the markets ending flattish. The a-d ratio on both exchanges was fairly tight, at 1.4 on NSE and 1.3 on BSE. Metals, PSUs and real estate were the only sectors which reported gains worth mentioning. Most other sectors were either moderately up or down. USA stock market daily report by Millenium Traders (July 2, 2009, Thursday, 10.30 p.m. GMT) 2 July 2009, USA Economists thought that job losses would be around 360,000 for the month of June, but when jobs report came in today they plummeted to a staggering 467,000. This just goes to prove that the road to recovery is going to be a long bumpy one, even though all signs pointed towards a turnaround. Job losses took a toll on the market today, "There's more and more evidence mounting against this rally continuing," said Doug De Groote, a managing director at United Wealth Management. Consumers are likely to lead the nation out of the ongoing recession, but that won't happen if more people are losing their jobs, De Groote added. Jobs aren't just suffering here in the U.S., Europe reported their biggest job loss in 10 years, experts say this is part of the market recovery, and expect the unemployment rate to reach 11% before we start to see any kind of improvement. "It is definitely the big elephant in the room," Phil Flynn, vice president at PFG BEST Research, said to Market Watch about the jobs data. "It's confirming what we saw earlier in the week with the dropping consumer confidence. (It's) another sign that the optimism of an economic recovery was a bit ahead of itself." The markets will be closed on Friday due to the 4th of July holiday. Russian stock market evening report by Veles Capital (July 2, 2009, Thursday, 4.00 p.m. GMT) 2 July 2009, BRIC, Russia The market was dropping following the oil prices lowering and weak data on economy of U.S. and Euro zone. Sale was indicated on the whole range of shares, though they were not high due to summer calmness. Russian stock market morning report by Veles Capital (July 2, 2009, Thursday, 7.30 a.m. GMT) 2 July 2009, BRIC, Russia The new trading month at the Russian market began rather modestly. The market participants did not go for the activities at the market, having preferred moving following the oil quotes, but not winning back any investment ideas, which have not appear lately. No stats on the U.S. came out in course of trades, on the European states the estimates turned out to be within expectations. So, in the morning the quotes dropped following the reduced oil prices, and in the afternoon the share prices began dropping behind, once again after the Brent oil quotes having exceeded 70 USD per barrel level. For the second day in a row investors are interested in the shares of the power energy sector, especially in RusHydro. Indian stock market morning report by Keynote Capitals (July 2, 2009, Thursday, 7.00 a.m. GMT) 2 July 2009, BRIC, India Indian markets were positive yesterday led by FII buying. Asian markets are trading mixed. Nikkei opened flat as caution set in ahead of US jobs data. Hitachi Ltd jumped on report that it will boost production of lithium ion batteries for hybrid cars. Hang Seng opened up helped by manufacturing data from US and talk of strong growth in new lending in the mainland in June. USA stock market daily report by Millenium Traders (July 1, 2009, Wednesday, 10.30 p.m. GMT) 1 July 2009, USA Reports say Ford Motor (F), Honda (HMC), and Nissan (NSANY) show a smaller decline in sales than expected for the month of June, giving positive signs that maybe the worst for the auto industry is over. Toyota (TM), General Motors (GM), and Chrysler however show sales fell more than the experts expected. Chrysler who is in the process of filing bankruptcy, posted a 42% drop in sales for the month of June, with GM right behind them with a 36.3% drop from last year, coming in third Toyota with a 35% decline in sales since last year. Ford, the only automaker to not receive some kind of government bail out saw only a decline of 10.9% more positive than the 24% decrease in May. Shares of Ford rose today by 8 cents in what some investors like to call a bullish trading day. Sales to fleet buyers are down because those customers are wary about doing business with a company in court protection, Henderson said in bankruptcy court in New York. Russian stock market evening report by Veles Capital (July 1, 2009, Wednesday, 4.00 p.m. GMT) 1 July 2009, BRIC, Russia The market is trading with no actual idea, reacting only to the oil quotes. More or less significant movements are indicated just on the power energy sector shares. Russian stock market morning report by Veles Capital (July 1, 2009, Wednesday, 7.30 a.m. GMT) 1 July 2009, BRIC, Russia The trades at the Russian share market began rather actively at the Russian share market on Tuesday – following the high oil prices the Russian blue chips climbed also. The most part of the day adding was won back by the market within the first trading hours, after that it varied around the level of 980-985 points of the RTS index. The main reason for that – the oil price upping – the oil quotes exceeded the level of 71 USD per barrel. Despite the fact that slight price slipping was indicated at the oil market, the Russian market held its positions strongly. The demand on behalf of the investors was indicated on a wide range of shares: the oil companies’ shares, telecommunications and metallurgy shares were climbing. Sberbank looked a bit worse than the market. Indian stock market morning report by Keynote Capitals (July 1, 2009, Wednesday, 7.00 a.m. GMT) 1 July 2009, BRIC, India Sensex stocks witnessed sharp declines yesterday led by real estate, metal, power and capital goods stocks. The correction was particularly pronounced in sectors which are interest rate sensitive. Mid and small cap stocks too corrected sharply, underperforming the Sensex. Investors remained cautious ahead of the Union Budget and avoided long positions. USA stock market daily report by Millenium Traders (June 30, 2009, Tuesday, 10.30 p.m. GMT) 30 June 2009, USA Stocks plummeted today after new data shows an unexpected decrease in consumer confidence for the month of June. Housing sector also on the downside, foreclosure rate leaped in the first quarter from the previous one, due to consumers with good credit losing jobs. After endless positive economic data released in the months prior investors thought we'd seen the worst, but now they aren't expecting the rebound to be quite as strong. Investors pay a lot of attention to consumer confidence because consumer spending accounts for more than two-thirds of economic activity, so this isn't the news analysts were looking for, the news release made for an interesting trading day, with little action in the afternoon. Russian stock market evening report by Veles Capital (June 30, 2009, Tuesday, 4.00 p.m. GMT) 30 June 2009, BRIC, Russia The trades were more or less active, and almost all the liquid shares were purchased (the oil shares and metallurgy), and also the shares of the second echelon (telecom, power energy). A reason for growth was the upping of the oil prices. Only the shares of Sberbank were for sale. Russian stock market morning report by Veles Capital (June 30, 2009, Tuesday, 7.30 a.m. GMT) 30 June 2009, BRIC, Russia On Monday the Russian market showed little activity. Having won back the drop in America and Asia the day before with the down movement at the open, the market began recovering its positions gradually. Among the reasons for that likely was the slight climbing of the oil quotes, which came to the level of 69 USD per barrel. Indian stock market morning report by Keynote Capitals (June 30, 2009, tuesday, 7.00 a.m. GMT) 30 June 2009, BRIC, India Indian markets closed flat yesterday amid huge volatility. Investors, wary ahead of the Union Budget next Monday, booked gains by end of the day. Consumer durables, real estate and metal stocks witnessed investor interest, while IT and auto stocks declined. USA stock market daily report by Millenium Traders (June 29, 2009, Monday, 10.30 p.m. GMT) 29 June 2009, USA With crude oil up to $71 a barrel at the end of the trading day, energy and financial stocks got the boost they needed perhaps due to the Movement for the Emancipation of the Niger Delta, a Nigerian military group that attacked a Royal Dutch Shell platform today. Dow Jones Industrial Average (DOW) finished the day with a gain of 90 points, the second quarter of 2009 will end on a positive note, and the Standard & Poor's 500 Index (INX) had it's best quarter since 1998. "You have a combination of quarter-end markups and a holiday weekend that has historically been bullish in the past. When you apply that to a directionless tape, it bodes well for the markets," Madison Prop Trading's Chris Conefry said. Investors seem to be putting their money into specific areas that would greatly benefit from an economic recovery, on the other hand some investors are still waiting on economic datato see how the economy is pulling out of it's recession before they go investing in the market again. Russian stock market evening report by Veles Capital (June 29, 2009, Monday, 4.00 p.m. GMT) 29 June 2009, BRIC, Russia The market was lightly volatile and moved mainly under the impact of the external factors. The most serious effect was made by the oil prices, having leaded to quotes growth, and also the statement by Kudrin and the unnamed source in MED relating the Russian economy, which leaded to sale at the market. Gazprom felt good, having added against the background of news on extraction volumes climbing. Russian stock market morning report by Veles Capital (June 29, 2009, Monday, 7.30 a.m. GMT) 29 June 2009, BRIC, Russia The last day of the business week was rather optimistic for the domestic market. RTS index owes the upping by almost 2% at the trades open to the climbing oil prices. However, that was it for the optimism. During the day the indicator moved laterally on the expectations of the stats on the U.S. citizens’ healthiness. The data was not bad, but the correction that began at the commodity grounds did not allow the market to win back the good news in the proper way. Besides, the futures for the American indices were reducing and as a result the RTS index lost a share of morning upping. Note that the activity of the players reduced versus the previous days, and the volume of operations went 23% down. During the trading day the shares of Sberbank looked as a black sheep against the background of the climbing oil sector. The shares were going down against the background of the news on the confirmation at the annual shareholders’ meeting on the additional emission in the volume of 66.4% of the authorized capital stock. Indian stock market morning report by Keynote Capitals (June 29, 2009, Monday, 7.00 a.m. GMT) 29 June 2009, BRIC, India Strong Asian and European markets helped Indian markets to close positive on Friday. Both FIIs and domestic institutions were net buyers and bought banks, IT, capital goods and consumer durables stocks. USA stock market daily report by Millenium Traders (June 26, 2009, Friday, 10.30 p.m. GMT) 26 June 2009, USA Despite the troubling economy, the U.S. Commerce Department reported consumer spending was up 0.3% today, the highest it's been in nearly 3 months. Does this mean the economy isn't as bad as everyone thought, not necessarily, consumers are in the mind frame that the worst is over and things can only get better from here on out. This month marks the 5th straight month for these spending increases, however, more and more people have seen their financial situations steeply disintegrate, with income losses 3 times more than income gains. "Such a sizable gain has usually indicated that an end to the economic downturn is on the horizon, as consumers begin to increase their spending on houses, vehicles, and large household durables," the Reuters/University of Michigan Surveys of Consumers said in a statement. Russian stock market morning report by Veles Capital (June 26, 2009, Friday, 7.30 a.m. GMT) 26 June 2009, BRIC, Russia The dynamics of the RTS index was contradictory. The beginning of the day was characterized by weak climbing of quotes against the background of the positive external factors, the upping oil price in particular. However, then the profit fixation was indicated mainly on the shares of Sberbank and Gazprom. The preferred shares of Sberbank, on contrary were of demand. Lower volumes were on LUKOIL, Rosneft and Norilsk Nickel. In those shares the sellers prevailed. VTB was trading more actively due to buyers’ presence. Stats on the U.S. labor market, output at 4:30 pm Moscow time, turned out to be unexpectedly weak, which enhanced the negative mood of the players. Indian stock market morning report by Keynote Capitals (June 26, 2009, Friday, 7.00 a.m. GMT) 26 June 2009, BRIC, India Amid high volatility, the Sensex dropped 0.5% yesterday, on the weak opening of the European markets. Auto, oil and gas and PSU stocks saw major declines, while real estate and bank stocks rallied. USA stock market daily report by Millenium Traders (June 25, 2009, Thursday, 10.30 p.m. GMT) 25 June 2009, USA Inflation, something we can't avoid but something we can't afford in the times we're in. Inflation is the word on everyone's minds, are they going to raise prices, or are they going to let everything alone. "Inflation will remain subdued for some time," the central bank said in a written statement. Investors on the other hand are putting their money in commodities such as gold and platinum because they hold their value during inflation. In the economic strain we're in inflation would do nothing but hurt the average American, the dollar wouldn't stretch very far and peoples income would not increase, making it harder for them to retire. Other than the obvious reasons, it would decrease the amount of the dollar, making it harder for Americans to travel abroad and would also make it harder to buy imports. Inflation may not happen right now, but it a serious problem that everyone should be afraid of. Russian stock market evening report by Veles Capital (June 25, 2009, Thursday, 4.00 p.m. GMT) 25 June 2009, BRIC, Russia The trades opened with high volatility. The main movement was in the shares of Sberbank and Gazprom. The quotes of those shares reduced by the results of the day. But the preferred shares of Sberbank were being bought on contrary. The external background was contradictory: the oil prices were climbing, and the trades in Europe went in the red zone, the stats on unemployment were negative also. Russian stock market morning report by Veles Capital (June 25, 2009, Thursday, 7.30 a.m. GMT) 25 June 2009, BRIC, Russia On Wednesday the domestic market was recovering from the two-day drop. Sberbank was the leader: the shares of the company showed highest adding by the end of the day and were of the most demand on behalf of the trade participants. Against the background of climbing oil prices life returned to the oil-and-gas sector: Gazprom, LUKOIL and Rosneft added 3-5%. On the threshold of stats output on the orders of long-term goods in the U.S. the RTS index drifted in the range of 945-950 points, however, the unexpectedly good results provoked upping to 960 points. Indian stock market morning report by Keynote Capitals (June 25, 2009, Thursday, 7.00 a.m. GMT) 25 June 2009, BRIC, India Indian markets recovered sharply after a weak opening, on the strong opening of European markets. Power, capital goods, pharma and real estate stocks led the rally. Market breadth was strong at around 2x led by large cap stocks. USA stock market daily report by Millenium Traders (June 24, 2009, Wednesday, 10.30 p.m. GMT) 24 June 2009, USA In the middle of an economic slow down Citi Bank (C) announced Tuesday that they were going to raise employee base salary by up to 50% in an effort to keep employees content with their smaller bonuses. Just in case a 50% raise isn't good enough they are also giving top employees stock options, shares of Citi Group were up to $3.05 midday. Within the past year the banking giant has received 45 billion dollars in government loans, making the government have a 34% stake in the company. "Citi continues to examine ways to ensure its employee compensation practices are competitive in this very challenging market environment," Citi stated today, "Any salary adjustments are not intended to increase total annual compensation, rather to adjust the balance between fixed and variable compensation." Government appointed help has no power over what compensation employees receive, they will get paid whatever the group wants to pay them. Russian stock market evening report by Veles Capital (June 24, 2009, Wednesday, 4.00 p.m. GMT) 24 June 2009, BRIC, Russia The market was reanimated by the climbing oil prices and unexpectedly good stats on orders for goods of long-term use in the U.S. Sberbank caught up the loss of the two previous days. Gazprom was actively taken. The remaining shares were of less demand. Russian stock market morning report by Veles Capital (June 24, 2009, Wednesday, 7.30 a.m. GMT) 24 June 2009, BRIC, Russia The RTS index started the day with a significant drop of quotes of the main number of shares. Within half an hour since the trades began the indicator fell lower 900 points level, however, it did not manage to stay lower the psychological border for long. In the afternoon the market was recovering via winning back the morning lows. Sberbank narrowed the gap to the previous close from 10% to 3%, and at MICEX the shares added more than 3%. The situation in the shares of the commodity companies got little better, however the drop wasn’t won back. The shares of Gazprom slipped by 6%, LUKOIL lost 1%, Rosneft – 0.7%. VTB looked better than the market due to positive close. Indian stock market morning report by Keynote Capitals (June 24, 2009, Wednesday, 7.00 a.m. GMT) 24 June 2009, BRIC, India After a weak opening, the Sensex recovered sharply to close flat, supported by oil and gas, PSU and power stocks. However, banks and metals dropped sharply. Asian markets dropped after a positive opening today. Markets are cautious before the end of Fed meeting today. Energy stocks are up on rising energy prices. USA stock market daily report by Millenium Traders (June 23, 2009, Tuesday, 10.30 p.m. GMT) 23 June 2009, USA After delaying it's first flight for the Boeing Dreamliner 5 times, shares of Boeing (BA) were down $3.85 (8.2%) to 43.05 this afternoon, reinforcement on the side- of -body is the reason for the delay. "Structural modifications like these are not uncommon in the development of new airplanes, and this is not an issue related to our choice of materials or the assembly and installation work of our team," said head of Boeing's commercial- plane business, Scott Carson. On June 16th at the Paris Air Show Carson went on record stating that the 787 Dreamliner " could fly today", but was sure the plane would be in air by the end of the month. Dreamliner was built with a lightweight carbon part for better fuel efficiency, and will seat 250 people. Original scheduled first flight was supposed to take place in September 2007. Boeing has not yet released the new date for the Dreamliner's first flight, however there are 865 orders for the aircraft. In other news the stock market was rather bouncy today. It seemed as though the Fed's decision on interest rates, set to come out tomorrow, may have played a roll in the inconsistency. Russian stock market evening report by Veles Capital (June 23, 2009, Tuesday, 4.00 p.m. GMT) 23 June 2009, BRIC, Russia Since morning the drop to the level lower than 900 points of the RTS index. However, a share of loss in course of trades has been won back. The recovery was mainly indicated in the bank sector, VTB was positive also. Activity of the players as before is focused in Sberbank, Gazprom and Norilsk Nickel. Russian stock market morning report by Veles Capital (June 23, 2009, Tuesday, 7.30 a.m. GMT) 23 June 2009, BRIC, Russia The beginning of the week was negative for the Russian share market. The RTS index reduced along with the oil prices and futures for the American indices. No support was indicated on behalf of Europe. The trades open was marked by a single drop to the level around 990 points, and in the afternoon the correction continued. The main drop related the shares of the commodity companies: the oil sector slipped by 5-7%, metallurgy – by 6-7%. Serious reduction of quotes was indicated on the shares of Sberbank and VTB – by more than 9%. The shares of NLMC were on the opposite side due to having added more than 3% against the neutral news background. At MICEX the shares of Aeroflot looked better than the market due to the statement by the CEO of the company with the details of the anti-crisis program. Indian stock market morning report by Keynote Capitals (June 23, 2009, Tuesday, 7.00 a.m. GMT) 23 June 2009, BRIC, India Indian market corrected yesterday on FII selling and profit taking in oil and gas, real estate, metals and power stocks. Increasing uncertainties in global economies and June quarter results led FIIs to sell stocks all over the world, also impacting the Indian markets. However, buying from domestic institutions supported the markets. FIIs were net sellers of the equities worth Rs300Cr while domestic institutions bought equities of Rs123Cr. USA stock market daily report by Millenium Traders (June 22, 2009, Monday, 10.30 p.m. GMT) 22 June 2009, USA Treasuries gathered Monday as grim growth forecast from the World Bank lowered enthusiasm about an economic recovery. Many market participants expect the Fed to refrain from lifting the size of its Treasury purchase program in Wednesday's statement. Comments from Fed policymakers over the past couple of weeks suggest the central bank possibly considered the recent rise in Treasury yields to reflect hope on an economic recovery. The FOMC meeting is the key meeting of the week. Investors will zero in on theFed's latest assessment of the economy and inflation in the accompanying statement due Wednesday afternoon. Focus will also be on any tweaks on the Fed's stance on the zero-0.25% fed-funds target rate and the central bank's $300 billion Treasury purchases program. Russian stock market evening report by Veles Capital (June 22, 2009, Monday, 4.00 p.m. GMT) 22 June 2009, BRIC, Russia Negative mood in the beginning of the week resumed at the background of price lowering for oil and ruble weakening versus bi-currency basket. The main drop reflected the shares of the commodity companies, and also banks. The main activity was focused in the shares of Sberbank. At MICEX Aeroflot was outlined due to growth at the background of announcement by the CEO with the details of the anti-crisis program. Indian stock market morning report by Keynote Capitals (June 22, 2009, Monday, 7.00 a.m. GMT) 22 June 2009, BRIC, India Led by buying from domestic institutions, Indian markets closed up on Friday. However, FIIs remained net sellers, which fueled volatility. Capital goods, metals and real estate stocks recovered after the weakness over the last few days. USA stock market daily report by Millenium Traders (June 19, 2009, Friday, 10.30 p.m. GMT) 19 June 2009, USA Stanford Group is under fire from the Department of Justice. Sir R. Allen Stanford was indicted early Friday on charges of fraud and obstruction of justice. A criminal complaint was filed against Stanford Groups' chief investment officer Laura Pendergest-Holt in addition to Mark Kuhrt and Gilberto Lopenz, the firms accountants. Russian stock market evening report by Veles Capital (June 19, 2009, Friday, 4.00 p.m. GMT) 19 June 2009, BRIC, Russia The market is gradually recovering after the emotional sale on Wednesday-Thursday. After that, the oil prices climbed slightly, which increased the attractiveness of the Russian notes. The market was mainly pulled by the oil chips, which climbed following after a serious correction earlier. Russian stock market morning report by Veles Capital (June 19, 2009, Friday, 7.30 a.m. GMT) 19 June 2009, BRIC, Russia On Thursday the selling continued at the Russian share market, despite the light negative background. The oil prices and the foreign market slipped a little. However the reduction was not that significant to cause the 4% drop of the Russian market. There also were additional moments, which looked negatively – first of all that relates the possible upping of loan on the gas sector. But that reason is also no enough to justify such serious drop. Possibly the market participants begin to gradually get rid of notes due to expectations of the possible second wave of bank crisis. Indian stock market morning report by Keynote Capitals (June 19, 2009, Friday, 7.00 a.m. GMT) 19 June 2009, BRIC, India The Indian markets saw yet another round of selling yesterday amid weak global cues and heavy selling by FIIs. The Sensex recorded its 2nd consecutive fall, led by the drop in real estate, metal and power stocks, while IT stocks outperformed. Mid and small cap stocks suffered more, as they saw profit taking after the rally over the last few weeks. |
