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Russian stock market daily morning report (March 04, 2010, Thursday)

Contributed by Veles Capital

By Veles Capital

Climbing dynamics was indicated at the Russian market on Wednesday. After slight consolidation at the beginning of the trades, later on the players referred to motion in Europe. In particular the positive reaction of the markets was caused by the positive news on Greece, where the government of the state approved measures on reduction of deficit by 4.8 bn euro, and the players interpreted that as if the coming bond placement was successful due to Germany and France would help with the demand for the notes. More to that, by the trades close at the Russian markets, positive stats came out on U.S. on the servicing sphere. We might also outline the metallurgy and power sectors, which showed 1% and 2% growth respectively. Strategic buying is indicated in the power energy sector due to fundamental attractiveness of the sector, metallurgy workers were being supported by the conjuncture at the commodity grounds. On Wednesday the technical roll upwards could be seen on the potassium sector after a significant slipping the day before.
 
 

Main news
 
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Other news

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