Source Pravda.Ru

Russian Stock Market Remains Unstable

The upsurge of Russian share prices wasn't supported by volumes and the market began going down this afternoon. The situation on the Russian stock market remains rather unstable. According to analysts, the market opened with a slight increase today. By 2:00 p.m., the RTS index went up 0.82% to the 200-point level. However, the volume of trading remained extremely low, i.e. equal to $2.8m. Futures of US stock indices opened with a zero change today and remain in the same situation now, analysts emphasized. European stock induces opened with a slight growth, and went down a little by the afternoon. Eurobank will decide on its rates today. The announcement was supposed to be made at about 3:45 p.m. Moscow time. In addition, several US economic indicators will be published today, i.e. the number of primary unemployed people (is expected to amount to 500,000), the value of labor index (0.9% growth) and the volume of orders for durable goods (1.3% decrease). They are not likely to have a significant impact on the Russian market.