The Russian stock exchange MICEX opened with a sharp upsurge of RAO UES stocks. The Russian electric giant has continued its powerful run. During the first minutes of MICEX trading the company's common shares grew 6 percent to RUR5.83 (some $0.19), while the preferred shares jumped more than 12 percent. Analysts believe the purchasing of the giant's securities is due to strong expectations of its future concessions to strategic corporate investors, namely a possible exchange of the RAO UES shares against the shares of the future power generation companies.
The Russian telecommunications giant Rostelecom has gained more than 1 percent, while other companies' stocks have remained virtually unchanged since Friday's close.
So far, the market is obviously optimistic. Many analysts believe the RTS index will soon reach 500 in spite of any correction. According to experts, if the index exceeds the 450-point level, it is likely to continue to grow further.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America