Reports » Russia
Russian stock market daily morning report (August 16, 2010, Monday)
By Veles Capital
The last trading day of the week at the Russian share market was full of various events. Besides, France, Germany and the whole European Union announced data on 2Q 2010 GDP, which turned out to be a little (and in case of Germany a lot better) than expected.
We assume today the trades will open at the Russian market with moderate correction due to the bad stats on GDP in Japan, which unlike the good stats from the Eurozone have not been won back by the markets on Friday.
Main news
MMC output good results of 2Q 2010.
2Q 2010 sales formed 53.1 bn RUR having added 26% to the result of 1Q 2010. Net profit within the given period not counting re-estimation of investing to securities, formed 4.7 bn RUR and was 24% higher than the result of 1Q 2010.
Growth of power energy consumption goes on in Russia.
Within the recent week (from 6.08 to 12.08) power energy consumption grew by 0.8% in the price zones versus the previous week and by 10.3% versus the similar period of the previous year and formed 15.69 mn MW per hour.
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