Archive for the ‘Business’ Category
Why Russia can not avoid the economic crisis
Actually, for the reader of this page is, of course, no question. And then, as it is generally possible to specify if the torch of global macroeconomics and concurrently Deputy Chair of our Central already admitted that the reserves of the Central Bank decreased due to the fact that "Bank of its investment portfolio and there are securities Fannie Mae, Freddie Mac ยป? That is, our, folk, public money has already disappeared from the global financial crisis. And still lost, because the reform of the Stabilization Fund has resulted in that part of the reserves of the Central Bank, corresponding to the stabilization fund, will now be directly controlled by the Ministry of Finance, which has already explained that they will invest in
Tags: business, Expansion of markets, Finance and economy, of Finance
Facing foreign currencies against the dollar – and won.
Tags: Central banks, currency, economic, foreign investors
Where to go when the dollar falls.
Usually there are some key warnings indicating that a dollar decline is coming. A consistent pattern of cuts in key interest rates, carried out by the Fed (Federal Reserve), an increase in national debt and the price of commodities (Commodity), especially in gold and oil. All these factors can help investors to identify potential risks to the dollar. Read the rest of this entry »
Tags: British Pound, euro, Swiss Franc, yen
The prices of commodities and currency movements.
Predicting the next move in the markets is the key to making money on foreign exchange transactions (Trading), but putting this simple concept in action is much harder than it sounds. Currency traders (Traders) professionals have long known that trading currencies requires going beyond the world of the international market them (FX). The fact is that currencies move due to many factors: supply and demand, policy, interest rates, economic growth, among others. Specifically speaking, since economic growth and exports are directly related to the domestic industry of a country, it is natural that some currencies are highly correlated with commodity prices (Commodities). The three currencies that have the closest relations with commodities are the Australian dollar, Canadian dollar and the New Zealand dollar. Other currencies are also impacted by commodity prices but have a weaker correlation with these , are the Swiss franc and Japanese yen. Knowing which currency is correlated with what commodity can help operators to understand and predict certain market movements. Correlated currencies here covers with gold and oil, and show you how you can use this information in their foreign exchange transactions. Read the rest of this entry »
Tags: euro, foreign exchange operations, Forex, Japanese yen, Swiss Franc
Oil and the Japanese economy, an attractive oil play: CAD / JPY
Oil and the Japanese economy.
Across the spectrum is Japan, which imports virtually all its oil (compared to U.S., which imports about 50%). For 2009, is the third largest net oil importer in the world, according to the U.S. and China. The lack of domestic energy sources, and the need to import vast quantities of oil, natural gas and other energy resources, make it a country particularly sensitive to changes in oil prices. In Japan also lacks flexibility to make use of nuclear energy as a large net importer of uranium for nuclear power plants. Read the rest of this entry »
Tags: CAD / JPY, Canadian dollar, currency, Japanese yen, USD / CAD
Landmark: portfolio management and performance attribution: Jensen’s alpha
Following our series on the measurement of portfolio performance. After Sharpe ratios and Treynor, Jensen’s Alpha.
First, some definitions!
1 The alpha of Jensen (named Michael Jensen, who has theorized) measures the outperformance of a portfolio with a share or a stock relative to its theoretical performance as given by the CAPM (see below).
It is a measure of the ability of a manager to create value for its customers by being able to detect the securities or shares which earn more than they should given their risk and for a given period. Read the rest of this entry »
Tags: financial asset, systematic risk, the market, the risk
Shares & Funds Nordea, the full-year report 2009 (interim report Q4)
Revenues rose 11% and risk-adjusted income rose 22% in Nordea for full year 2009 compared to 2008. Loan loss ratio was in line with forecasts and was 52 points in Q4 and 54 points in 2009. The increase in the proportion of bad loans fell further to 7% in Q4 and reserve ratio rose to 53% from 51%.
1 January to 31 December 2009
- Revenues rose 11% and risk-adjusted income rose 22% for the full year 2009th Nordea reports a strong performance in net interest income and net income from financial items and moderate cost. Read the rest of this entry »
Tags: banking, business, difficult market, financial items, loans, risk-adjusted
National economy Activity index increased in December 2009 for the last time
Activity in the Swedish economy, rose slightly in December, according to the estimated trend of the Activity Index. Trend value increased by 0.1 percent in December compared with November. If this pace were to continue for twelve months, it means an increase of 1.1 percent annual rate.
The increase is explained by merchandise exports, industrial output and retail sales, according to the trend. Imports of goods resulted in a negative contribution, while hours worked by public employees only marginally affected the activity index.
The change of the trend value of the activity index from December 2008 to December 2009 was -2.8 percent. Seasonally adjusted Activity Index, which more than trend affected by temporary disturbances grew by 0.2 percent compared with the month of November. Read the rest of this entry »
Tags: annual rate., merchandise exports, retail sales, Swedish economy, the trend
Shares & Funds Gunnebo, full-year report 2009 (interim report Q4)
Orders in Gunnebo amounted to 6 573 million (6 965) and net turnover amounted to 6 788 million (6 903) in the period between 1 January and 31 December 2009. Profit after tax amounted to SEK -205 million (115) and earnings per share were SEK -3.40 (1.95) over the full year 2009th
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Fourth quarter 2009
- Order bookings amounted to SEK 1 619 million (1 767)
- Net sales amounted to 1 829 million (1 985)
- Operating profit amounted to MSEK -138 (140)
- Cost of Action “Get It Right” burdened operating profit by SEK -147
- Impairment of goodwill in the Business Unit Site Protection of -106 m
- Excluding non-recurring costs of SEK -253 (-20), operating profit amounted to SEK 115 million (160)
- Profit after tax amounted to SEK -162 M (81)
- Earnings per share were SEK -2.65 (1.35)
- Operating cash flow amounted to SEK 222 million (301)
- Rights issue was raised and 490 M after issue costs
Full year 2009
- Order bookings amounted to 6 573 million (6 965)
- Net sales amounted to 6 788 million (6 903)
- Operating profit amounted to -88 million (281)
- Cost of Action “Get It Right” burdened operating profit by SEK -196
- Impairment of goodwill in the Business Unit Site Protection of -106 m
- Excluding non-recurring costs of SEK -302 (-47), operating profit amounted to 214 million (328)
- Profit after tax amounted to SEK -205 million (115)
- Earnings per share were SEK -3.40 (1.95)
- Operating cash flow amounted to 683 million (255)
- Rights issue was raised and 490 M after issue costs
Tags: Banking Business, Business Unit, Exchange rate, financial items, Net interest income
Landmark: the central bank intervention on foreign exchange
The central bank intervention on the market exchange rates have significant impacts on their variations.
Central banks intervene not only through the refinancing rate on different money markets. Many central banks intervene directly on the foreign exchange market to influence their course.
Consider the case of the Bank of Japan, whose market interventions are made public, which allows to study quantitatively the impact of its actions. Read the rest of this entry »
Tags: a central bank, foreign exchange market, market exchange, The central bank
