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Russian stock market daily morning report (October 03, 2012, Wednesday)
October 3, 2012, Wednesday, 10:21 GMT | 05:21 EST | 13:51 IST | 16:21 SGT
Today main attention of the market will be focused on the data on new jobs in the U.S. - ADP Employment Change. Also some pressure on markets might be made by output of ISM Non-Manufacturing and PMI Eurozone.
Main events
US GAAP net profit of Tatneft in 1H 2012 went 12% down.
1H 2012 US GAAP net profit of Tatneft formed 35.716 bn RUR, which is 12.24% less than a year ago.
Mechel: EBITDA lost 16.8% q/q in 2Q 2012.
Mechel output relatively weak 2Q2012 results: sales of the group grew 4.6% q/q to 3.086, while the corrected EBITDA reduced by 16.8% to 385.4 mn USD and EBITDA margin dropped 3.2 p.p. to 12.5%.
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