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Reports » Russia

Russian stock market daily morning report (August 20, 2010, Friday)

August 20, 2010, Friday, 16:59 GMT | 11:59 EST | 21:29 IST | 23:59 SGT
Contributed by Veles Capital


By Veles Capital

 

On Thursday the day opened at the Russian share market with growth following the positive close of the American and Asian grounds overnight, and kept going till the middle of the day, when the negative data on claims for unemployment in the U.S. have been output. Stats turned out to be much worse than expected, besides, the number of claims has reached the psychologically important level of 500 thousand for the first time since November last  year. Given news turned the markets around and by the end of trades MICEX lost 0.84% having lowered to 1,375 points and the RTS index lost 0.02% and totaled 1,446 points.

 


News briefly


Macroeconomy: Producer prices grew in Germany.


Macroeconomy: Number of claims for unemployment in the U.S. turned out to be worse than forecasted.


Oil and gas: TNK-BP and Vietnam State oil and gas company PertoVietman signed a memorandum on mutial understanding.


Oil and gas: Gazprom Neft will get a license from Gazprom till the end of 2010 - early 2011 for Novoportovskoe and Orenburgskoe deposits.


Energy: Volume of required investment company of OGK-3 forms more than 100 bn RUR.


Machinery: KAMAZ intends to sell about 42 thousnad vehicles by the results of 2011.