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Russian stock market daily morning report (February 08, 2012, Wednesday)

Contributed by Veles Capital

Foreign background this morning is mildly positive: Asian session is trading in the “green zone”, futures for the U.S. exchange indices and oil prices show insignificant climbing. B.Bernanke once again promised in his statement to the U.S. senators in his statement yesterday, that FED would do whatever it takes to prevent the effect of the debt crisis in the Eurozone on the American economy. Meeting of the Greek politicians in order to approve the final text on debt restructuring and the new credits of EU and ICF has once again been delayed, this time for today. We expect the Russian market to open at the positive territory, however, up till the decision on the Greek matter is made no significant growth might be expected.
 

Main events
 
Inter RAO UES might gain control over the generation capacities of Bashkirenergo.Inter RAO gained a permit from FAS to buy 75% plus 1 share of Bashkir Generation company (BGC) (meaning separation into a single company of the power generation Bashkirenergo, controlled by AFK Sistema).