Reports » Russia

Russian stock market daily morning report (October 05, 2012, Friday)

Contributed by Veles Capital

Mario Draghi confirmed ECB being ready to buyback the bonds of states, which will ask for help. He also announced a significant progress of Spain in gaining control over its Treasury. FED’s minutes did not bring any surprises, readiness to build up the buyback program if necessary. The Russian market will get an opportunity this morning to win back the yesterday’s growth at American markets. Additional support comes from the oil quotes growth following the approval of the Turkish Parliament to a possible military involvement in Syria. In the evening the main growth driver fotr the markets can be found in the stats on jobs in non-agricultural industry in the U.S. (Nonfarm Payrolls) and September’s unemployment level. For the Russian players we recommend paying attention to the report of Sberbank by RAS for 9 mo0nths of the 2012 and IAS report for 1H 2012 by Inter RAO.

Main events

Evraz is consolidating 82% of shares of Raspadskaya.

Evraz announced its plan to buy 41% of shares of Raspadskaya and build up the share of company to 82%. The company will pay cash in the volume of 202 mn USD plus 9.9% of Evraz shares and warrants for 2.53% of shares of Evraz.