Reports » Russia

Russian stock market daily morning report (October 17, 2012, Wednesday)

Contributed by Veles Capital

Currently players are waiting for Thursday, when the Economic summit of the EU is to start, comes a wide set of stats on China, which gives an idea of the mood of the Peoples Banks relating the easing of credit-monetary policy. This morning the oil futures are climbing, futures for S&P is at yesterdays’ level, buyers prevail in Asia. Foreign background is mildly positive. We expect the Russian market to open positively today.

Main events

LUKOIL made a presentation in London.

Vagit Alekperov held a presentation in London dedicated to the 10 anniversary of LUKOIL being listed at LSE.

Subsidairy of Akron bought back the additional emission of the Verkhnekamskaya Potassium Company.

Subsidairy of Akron bought back a 40.6% additional emission of Verkhnekamskaya Potassium Company for 6.67 bn RUR.

Dixy Group set the shares buyback price at the level of 336.78 RUR per note.

News is mildly negative for the shares of Dixy due to the assigned price of buyback is at the level below yesterday’s close. At the meantime, that indicates the group being not interested in share buyback.

Sale of vehicles in Europe dropped in September for the 12th month straight.

The neighboring industries are threatened: WSA expects reduction of the steel consumption in 2012 in EU by 5.6% YoY.