Russia’s inflation amounted to 0.1% in August 2007 and 6.7% from the beginning of the year. The Economy Ministry, however, predicts high inflation risks despite lower inflation in comparison to 2006 due to a hike in energy prices on the global market. State officials believe that Russia’s annual inflation will remain within the forecasted 8% [...]
World markets showed negative performance last week after previous strong advance!
Latest economic data showed a solid growth of the Russian economy. Moreover, the State advanced forecasts for its future economic performance. According to the innovative scenario, annual GDP growth will amount to 6.1% in 2008-2012, 6.7% in 2013-2017, and 6.7% in 2018-2020. Inflation is still [...]
Oil prices are trying to climb through psychological maximums!
Latest economic data showed a solid growth of the Russian economy. State experts hope that inflation will not rise above the planned 8% in 2007, but they are becoming increasingly pessimistic, predicting inflation to exceed last year’s level of 9%.
The liquidity decreased and overnight rate increased on [...]
Investors are back in Russian stock market!
According to Russia’s Economy Minister German Gref, for the first ten days of July 2007, Russia’s inflation stood at 0.3%. The Ministry expects inflation in July to reach 0.7%. Russia’s Inflation in June 2007 is higher than expected – some regions posted inflation at more than 2%. Inflation risks [...]
World oil prices approached higher levels!
International Olympic Committee (IOC) has chosen Sochi as the host city of the XXII Winter Olympic Games.
Russia’s Inflation in June 2007 is higher than expected. Some regions posted inflation of more than 2%. Inflation risks are on the upside. Russia’s foreign trade surplus shrinked. Russian state and domestic debts [...]
The Central Bank of Russia decreased its discount rate to 10% on June 19, 2007, down from the previous level of 10.5% per annum.
Last week USD/RUB again slightly fell below a psychological level of 26RUR. The dollar was trading at RUR 25.8880 on MICEX last Friday.
The Euro started recovering boosting bullish hopes again. Last week [...]
World markets rose last week!
Released economic data again showed that Russian economy continues to grow. However the state’s inflation forecast now seems not as accurate as it was considered before.
Traders on UST10 wait for breaking the downward trend to start accumulating long positions in “long papers” again.
Last week USD/RUB crossed psychological level of 26RUB.
The Euro [...]
Released economic data showed that Russian economy continues to grow. However the state’s inflation forecast now seems not as accurate as it was considered before.
One more negative week for the Russian stock market. RTS and MICEX indices fell by 2% in the average. RTS is trying to stop falling from its life-time high.
European Central Bank [...]
Contents:
DOW’s advance exceeded expectations of all analysts.
The Index rushed up and posted a new lifetime high at 13.624 last week.
Russian stock market dropped considerably last week.
RTS, Futures on RTS, MICEX and MICEX10 crashed down by 4% on average.
Released economic data again showed that Russian economy continues to grow.
Oil prices climbed by 2% on average last [...]
Contents:
The Bank of Japan left its base overnight exchange rate on hold at 0,5%.
DOW closed the week at its new lifetime high on Friday at 13.557.
RTS stopped falling and increased slightly last week. MICEX also increased.
Issued economic data again showed that Russian economy is on top and continues rising.
Oil prices were bouncing off near psychological [...]