Pravda.ru

News » Economics

Experts forecast hard time for Russian stock market this fall

13.08.2002 | Source:

Pravda.Ru

 

Stock analysts from the Prospect investment company commented on thesituation on Russian stock exchanges in an interview with RBC and notedthat the market was waiting for news from the US Federal Reserve System.Experts believe that no matter what news emerges, nothing positive shouldbe expected. In the event the US Federal Reserve System decides to lowerthe discount rate, this will testify to the weakness of the US economy andconfirm negative forecasts about the beginning of recession. If thediscount rate remains unchanged, this will disappoint the majority ofinvestors, because the current rate is rather unfavorable for them.According to the latest forecasts, the Federal Reserve System will notchange the discount rate, and, in this case, commentaries on the currentsituation from the reserve system's specialists will be the most importantfor the market. To all appearances, FOMC (the Federal Open MarketsCommittee) will decide to lower rates only in the fourth quarter of thisyear, Prospect analysts said.The Russian market is not standing aside from these events, experts noted.They did not rule out that the RTS index would drop to 300 points, and thislevel would become a support one. The future dynamics on the Russian stockmarket will depend on the US market and the situation in the domesticeconomy. Another important factor will be the situation in Brazil, which isfar from being stable. Experts forecast that the upcoming fall might becomea hard time for the Russian stock market and no rally should be expected atthe beginning of September..

 







Popular photos


Most popular

Angelina Jolie to divorce Brad Pitt. French actress is the cause
Angelina Jolie to divorce Brad Pitt. French actress is the cause
Will Brad Pitt and Angelina Jolie are going to divorce right after their wedding anniversary. Western media reports that the main cause of it is Jolie's jelousy of Pitt's romance with french actress...
Russia wipes out secret centre of Western coalition
Russia wipes out secret centre of Western coalition
The Fars News has reported that ‘The Russian warships fired three Caliber missiles at the foreign officers' coordination operations room in Dar Ezza region, killing 30 Israeli and western officers’.
Рейтинг@Mail.ru Rambler_s_Top100_Service