OREANDA-NEWS. On 24 July 2009 UFC Capital released daily market expectations:

In France the consumers spending is on the rise. In France this June, the consumer spending grew 1.4% vs. this May, which became the record-breaking surge from May 2008. As compared with June 2008, the increase amounted to 1.2%. There was a significant growth in expenses for purchase of apparel and leather goods (by 3.6% vs. May) as well as household goods (by 3%). The spending for autos purchase reduced 0.2%.

US Finance Ministry worked out a draft document that will reform regulation of rating agencies activities. The Finance Ministry suggests prohibiting rating agencies from providing advisory services to the companies in which respect the rating actions are undertaken. Besides, the rating agencies shall be obliged to disclose the cost of their services. It is planned that rating reports will include the issuers payment history for the last 2 years. The Finance Ministry also insists on such an innovation as publication of preliminary ratings. Pursuant to the draft bill, the US Securities and Exchange Commission (SEC) will examine the rules, procedures and methodology used for rating. To this end, a new department will be established within SEC.

Trade volumes on Ukrainian stock exchanges are falling down. July 21, on PFTS SE 70 deals were made with the shares of Ukrainian companies for the total of UAH 2.9 mn. On that day, the shares of Alchevsk Iron and Steel (ALMK) became the leader of the trades – 17 deals. Meanwhile, on Ukrainska SE 523 deals were made for the total of UAH 8.3 mn. The shares of Ukrnafta (UNAF) again became the leader of the trades on this floor – 107 deals.