Source Pravda.Ru

Russian shares retreating

The Russian stock market opened lower today. On the whole the marketreacted calmly to a noticeable decrease in US stock indices. At the sametime after the data on US fuel reserves was released, oil prices surgedconsiderably, and this situation can support securities of Russian oilcompanies. However, today the Russian stock market will probably ease back,as the correlation between the dynamics of our share price and US marketsis quite strong. The activity at today's trade is unlikely to advance, asthe seasonal factor still influences the market. .