The US dollar has been trading in different directions over the past week due to the lack of significant macroeconomic events and statistical reports. The euro felt more confident in the week than other currencies, which behaved much more modestly. But market optimism is gradually beginning to fade.
The results of the week disappointed investors – none of the events that had high hopes justified itself. The ECB has completely denied rumors about limiting the growth of peripheral bond yields, and officials could not give clear comments on the future fate of Greece. EUR / USD completed trading at 1.2512, while GBP / USD – at 1.5802.
As for the dollar, in the absence of important events and in anticipation of the publication of the minutes of the last meeting of the US Federal Open Market Committee (FOMC), it gradually increased from Monday to Wednesday. According to the Forex Club, “market participants, impressed by recent macroeconomic statistics, have expected committee members to be more optimistic about their immediate prospects for economic growth than a month earlier. However, the” minutes “turned out to be quite negative. “which gave reason to believe that QE3 is just around the corner. Accordingly, the dollar fell under pressure, and the USDX index dipped 1.8% from weekly highs.” Continue reading
From January 1, the Federal Law “On the National Payment System” will enter into force. The document has claims from the banking community. The project involves obliging banks to return to the client funds withdrawn from a bank card without notice. Bankers predict an increase in fraud, experts expect a rise in the use of non-cash.
The bill “On the national payment system” was developed by the Ministry of Finance and the Bank of Russia in September 2009. The national payment system should become a competitor to the international payment systems Visa and MasterCard in Russia. It has been suggested that the national system could be created on the basis of the URPS, the United Russian Payment System, launched in 2005 by the Central Bank. However, it, like other Russian systems, still occupies too small market shares. In addition, during the readings from the bill, a fundamental point disappeared, obliging the largest operators of the Banking system of the payment system to create processing centers in Russia.
From January next year, the norms of the law “On the National Payment System” should also come into force, according to which banks will be required to return all funds on all disputed transactions to their customers’ cards within 24 hours. Continue reading
On October 8, 1896, the world first heard the phrase, which today necessarily sounds in thousands of news releases around the world. An index created by renowned journalist Charles Henry Dow, which to this day is considered one of the main US stock indicators and is a guideline for the entire world economy, was presented on this day.
It is believed that the world’s first stock index was created by Charles Henry Dow, a well-known American journalist, the founder of The Wall Street Journal. A prerequisite for this was the distrust of the majority of exchange players in stocks, which at that time were a relatively new instrument.
Investors invested in bonds, the income from which could be calculated, and interest was guaranteed by the property of the companies issuing these securities. That is, behind them were real physical assets. But the shares were considered an unreliable tool, although much more dynamic and promising huge profits, not limited to fixed interest. The stocks were mainly traded by speculators; it was not possible to pull really big money into this sphere. In order to trade stocks profitably and understand where the market is going, it was necessary to monitor the price dynamics of a whole line of such securities, which was very difficult. Continue reading
Megafon has collected suitcases on the stock exchange
MegaFon, one of the largest mobile operators in Russia, is getting ready for an IPO on November 1. The company plans to settle on the London LSE and MICEX-RTS. During the IPO, the operator can sell approximately 15% of the shares. The majority of the shares will be placed by the Swedish-Finnish shareholder of TeliaSonera, the rest will be the treasury shares of the operator directly.
Two of the three largest Russian telecommunications companies have already placed their shares on the stock exchange. VimpelCom entered the New York Stock Exchange (NYSE) in 1996, and MTS in 2000. Today, companies have a capitalization of $ 18.7 billion and $ 16.7 billion, respectively. Three leading players control 80% of the mobile services market.
“The placement of Megafon already seriously affects MTS quotes, drawing institutional funds from the last funds. However, after the placement, we can expect a rebound in MTS securities. As for Megafon, most likely, the company’s valuation at the placement will include a premium, but long-term its papers may become the most interesting in Russian telecom, “said Ilya Rachenkov, an analyst at Investcafe. Continue reading
There are many magical rituals for money. But sometimes in everyday life we perform the most ordinary, it would seem, actions that attract financial welfare or, on the contrary, make money flow away from us … How to behave properly so as not to be unprofitable? Century folk wisdom will help you with this!
In no case can you buy something with the last money, otherwise in the near future you will face monetary losses. Also, you can not leave an empty wallet – even if it contains at least one coin. If you need to buy a thing desperately, but there is not enough money, it is better to borrow the necessary amount from someone and do not spend the last … But the debt should be repaid quickly, otherwise the money will “run away”.
Money should be saved, but you should not constantly count it. This prevents accumulation. Set some specific day for “recounting” – say, salary day. And on other days, forget about this “ritual”. Just figure in your mind how much you get and spend. Be careful not to get confused – record income and expenses. Money came – write down how much came … You took a certain amount from the nest egg – put it in the “expense book” and write down there how much is left … So you can control your income and expenses. But, of course, it is necessary to exclude the situation when someone else will use the money, besides you. Or ask him to record everything too. And then you will be wondering why the “debit” with the “credit” did not fit … Continue reading