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Russian stock market daily morning report (February 07, 2012, Tuesday)

February 7, 2012, Tuesday, 07:23 GMT | 02:23 EST | 11:53 IST | 14:23 SGT
Contributed by Veles Capital


Statements by the ministry of industry and informational technology of China on the extreme uncertainty of prospects of economy leaded to significant correction of Chinese indices. Reserve bank of Australia unexpectedly kept the base rate with no changes – it was expected that due to worsening of macroeconomic situation within the recent months CB goes for rate reduction – unexpected action of CB caused drop at Australian market. Today, while there will be no significant data outputs, all attention will belong to Greece, as expected, the second round of negotiations will be complete. American and European futures since morning are showing no straight dynamics, under given conditions the increased oil overnight, which fixated above 115 USD per barrel, will support the Russian market.
 
News briefly
 
Energy:
FNC ES completed placement of additional emission for 5.2 bn RUR for getting state assets for financing investment program, meaning the construction of power network on development of Far East. 43% of an additional issue has been placed, placement price – 0.5 RUR per share. So, the volume of placement formed about 2.2 bn RUR.