Wednesday, June 1, 2011

Help VEB allows the Russian market did not react to external negative

The Russian stock market opened in the growth medium, with the support of Vnesheconombank, paying no attention to the adverse external background. By 10:47 Moscow time RTS index rose 0.56% to 686.17 points. MICEX index added 0.58%, to 665.15 points. On MICEX grew Gazprom shares (1.3%), VTB (0.3%), LUKoil (2.1%), Norilsk Nickel (0.3%), Rosneft (1.4%), Sberbank (0.3%). On the eve of indexes fell in the U.S.. Investors fear that emergency care will not save the American auto industry. Index value of Standard & Poor's 500 fell nearly 1% - to 863.16 points. Stock Quotes General Motors fell 36 cents - to $ 3. Paper Ford Motor fell 40 points - up 2.19 dollars. Asian stock indexes also fell on Wednesday, added a negative data on business confidence in Japan. Most Asian sites show a fall, including South Korea, where the Kospi index lost - 1,4%. The Nikkei 225 fell 2.4%. Australia's S & P / ASX 200 climbed 1.4% after takeoff quotations Sydney Gas Ltd. for information about the proposed takeover to her, "Interfax". Head of department of market analysis Sobinbank Alexander Razuvaev not exclude the positive dynamics of Russian chips on today's auction. "The highlight of yesterday was that the participants of the Forum of Gas Exporting Countries adopted charter of the organization, making it official. While we are not talking about quotas, it is not clear whether there will be soon otvyazka gas prices to oil prices. However, Moscow did not immediately constructed "- he said. According to analysts, the average price of oil next year will be $ 50-60 per barrel, the market will reach 1200-1400 points on the RTS index. "It is certainly only a relatively plausible scenario. The time of turbulence continues. Maybe in the relatively near future, the RTS index will reach 100 000 points, while $ 1000 will buy a can of beer" - believes Razuvaev.

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