Financial news

American stock market was opened increasing

International foreign exchange market. Today European markets were closed. American stock market was opened by increase. Determined aggressive actions of FRS strengthened growth of investors' confidence to financial markets. And also US dollar was supported by plenty of profit fixation.

This week a lot of important economic news on European and Northern America countries will be published.

During American trade session data on houses sale at the secondary accommodation market was published. Sales increased 2,9% in comparison with previous month at the time when sales decrease was expected. Such news influenced positively American currency rate.

Current technical levels on the main currency pairs:

At Ukrainian interbank foreign exchange market descending trend of US dollar rate against hryvnia is observed. Last Friday pair fell down to minimal mark since the beginning of August 2005 at the level 4,915 UAH/$1, and already today tested minimums 30.11.1999, descending during session by the mark 4,86-4,88 UAH/$1. However by the end of bids rate renewed a little bit and constituted 4,90/4,95 per $1. National Bank as earlier disregards opportunity of currency interventions performance, assuring that market is neutralized and there are no grounds to provoke changes of rate fluctuation. Earlier market participants said that hryvnia strengthening is connected with its deficiency at the market and has temporal character, and now situation is slightly stabilized and probably it is worth to expect soon return of situation to previous condition.

Majority of bargains was performed today at the range 4,86/4,95, with 4,92/5,00 a day before, besides majority of bargains was concluded within 4,89/4, 92, with 4,94/4,97 per $1 on Friday.

At DEPO-market rates on interbank credits in national currency keep decreasing.

"Overnight" credits fluctuate today within 6,0/14,0% in comparison with 4,0/15,0% on Friday, besides the main part of bargains is concluded within 7,0/10,0%. Average weighted price of concluded bargains decreased by 8,3%, from 10,8% a day before. Volumes of concluded bargains constituted UAH 2,44 b, after the growth on a previous by 4,13 b a day before.

Today "weekly" rates were decreased with price fluctuation at the range 7,0/11,0% in comparison with 13,0/16,0% on Friday, average weighted price decreased by 10,9%, from 14,8% previous business day.

Credit rates for the term "from 22 to 31 days" fluctuate today within large range — 9,0/18,0%, with 10/13% a day before.

At the same time insignificant rates growth on interbank credits in US dollar is marked at the market — today they constitute 3,5/5,5%, with 3,0/5,0% a day before.

Comments by KRAMAROVA S.N., Head of Treasury.

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