Source Pravda.Ru

Russian stocks moving upwards

RAO UES shares went up 3.8 percent, YUKOS surged by more than 3 percent and Norilsk Nickel and Surgutneftegas added more than 2 percent on the RTS exchange. The majority of blue chips advanced by 1 to 2 percent. The RTS index grew by 1.8 percent to 514.51 points at 14:00 Moscow time. Analysts say that the market remains unstable and nervous, new negative information might trigger another drop in share prices.

There are no fundamental reasons for a decrease in share prices currently, experts say. A new drop might be initiated by a new large scandal. However, there are just two weeks left before the parliamentary elections, so a new scandal in the financial sector is unlikely to emerge.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
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