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Russian stock market daily morning report (February 24, 2010, Wednesday)

Contributed by Veles Capital

By Veles Capital

Good stats from Europe supported slowing the drop down, which was indicated on Friday morning and has been provoked by the previous upping of the discount rate in the U.S. Alarms of the players were caused by expectations of the rate upping of the discount window leads top base rate upping. Good figures on the inflation in the U.S. helped break through the negative trend in the afternoon. Also some volume of stats came out on Europe during the day, but its contradictory nature did not manage to drive the attention away from the news from U.S. As a result despite the gap down at the open, on the last trading day of the previous week the market did manage to close in slight positive.
 

 
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- LUKOIL supplies according to SEC in 2009 formed 17.5 bn barrels of o.e.
LUKOIL announced having completed accounting and independent audit of the oil supplies as of January 1, 2010. According to the output data, audited by Miller and Lents, the recoverable supplies of hydrocarbons of the Russian oil company as of the report date formed 17.5 bn barrels of o.e., including 13.7 bn barrels of oil and 22.9 bn cubic feet of gas.