Reports » Russia

Russian stock market daily morning report (January 17, 2013, Thursday)

Contributed by Veles Capital

Today one of the drivers capable of pulling the market upwards Thursday January 17 possibly is the positive report by Goldman Sachs and JP Morgan, which exceeded the forecasts of analytics.

Main events

Extraction by OPEC dropped in December to 14-month low.

OPEC preserved its target of the global consumption of oil in 2013 at the former level – growth 760 th b/s (0.9%) was expected to 89.6 mn b/s.

Mosenergo negotiates buying generation company “Kvadri”.

Yesterday’s growth of the shares of Mosenergo by 5.35% might be provided by the negotiations of Mosenergo on buying the generation company “Kvadri”.

Steel industry

Mechel offered «En+» to buy a stake in Vanino Commercial Sea Port for 4.6 billion rubles