Reports » Russia

Russian stock market daily morning report (January 15, 2013, Tuesday)

Contributed by Veles Capital

Macroeconomic news (growth of export from China, plans of stimulating inflation in Japan) and expectations of positive corporate reports for 4Q 2012 are making positive impact on the course of trade at the global equity markets. We estimate the foreign background as mildly positive for the Russian market.

Main events

Uralkaliy reduced production of potassium chloride by 16% in 2012.

In 2012 Uralkaliy produced 9.12 mn tons of potassium chloride, which is 16% below 2011 and slightly worse than the forecasts announced earlier – in October the company lowered its annual target of production from 10 mn tons to 9.3 mn tons.