Source Pravda.Ru

Russian stocks open high

The trade on the Russian stock market opened with steady growth across theentire range of trading stocks today. According to traders, the marketshowed a positive reaction to a sharp increase in prices for US futuresthat were posted after Iraq announced its readiness to let UN observersenter the country. As a result, within the first minute of the tradesession at the Moscow Interbank Currency Exchange (MICEX) RAO UES ofRussia's stocks rose 1.9 percent, Rostelecom's stocks grew 2.2 percent andLUKoil's stocks posted a 1.5 percent gain. However, according tospecialists, a serious negative factor that may impact stock prices duringthe day is a drop in oil prices that will inevitably take place today inLondon following sinking prices in the US. On the other hand, it willimpact only oil companies and not too hard, traders believe. As thingsstand, the market will grow today, since positive factors will outweighnegative ones. .