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Interactive Investor: Russian Markets -- Factors To Watch On Aug 26

posted by eagle on August, 2009 as ANALYSIS / OPINION


(AFX UK Focus) 2009-08-26 07:23 
Russian markets -- Factors to Watch on Aug 26

MOSCOW, Aug 26 (Reuters) - Here are events and news stories that could move Russian markets on Tuesday.

You can reach us on: +7 495 775 1242

STOCKS CALL (Contributions to moscow.newsroom@reuters.com):

VTB Capital: Expects flat to lower opening of Russian exchanges. Bullish sentiment is ubiquitous these days, but to us the recent rally in risky assets feels more and more of a stretch, so we are keeping our underweight recommendation for Russian stocks at this juncture.

Chris Weafer, UralSib: Local markets are likely to open more or less as they closed yesterday ... Overall, investors continue to be both reluctant to push prices much higher and equally reluctant to sell.

Aton: The MICEX exchange's next support level is 1,090 points. News could be mixed today: while Asian stocks are up, oil prices are lower and this will weigh on Russian energy stocks.

EVENTS (All times GMT):

TSKHINVALI, South Ossetia - Celebrations in the breakaway region of South Ossetia to mark the first anniversary of Russia's recognition of its independence following the war with Georgia

MOSCOW - Russian Prime Minister Vladimir Putin to hold talks with South Ossetian leader Eduard Kokoity

ULAN BATOR - Russian President Dmitry Medvedev visits Mongolia (final day)

MOSCOW - Gazprom Q1 financials

MOSCOW - Bank Vozrozhdenie Q2 financials

MOSCOW - Magnit H1 financials

MOSCOW - Veropharm H1 financials

MOSCOW - Rambler Media H1 financials

MOSCOW - Russia's Sberbank gives briefing on utilities sector projects (1000)

MOSCOW - Moscow Auto Show (to Aug. 30)

MOSCOW - Finance Ministry to offer 5 billion roubles of new 2014 OFZ bonds at auction

IN THE PAPERS:

VTB, Russia's second-largest bank, has agreed to take a controlling stake in the DonStroi development company for a symbolic 500 roubles in exchange for cancelling debts in excess of $500 million, Kommersant business daily reports.

Customs authorities carried out a raid on the offices of Russian airline S7, Kommersant and Vedomosti reported. The latter cited an unnamed source as saying the search was connected with tax payments on imported aircraft.

TOP STORIES IN RUSSIA AND THE CIS:

TOP NEWS: Russia regains foothold in Mongolia uranium mines No plans for new currency discussion at G20-Russia AvtoVAZ head resigns as Russia eyes auto shake-up


http://www.iii.co.uk/news/?type=afxnews&articleid=7492648&subject=markets&action=article


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