Source Pravda.Ru

RTS index gains amid low trade volume

The Russian stock market is experiencing a slight upward correction afteryesterday's strong fall. By 14:00 the RTS index had grown by 0.64 percentamid a very low volume of deals totaling $2.5m. A growth in volume amid adecrease on the market and a retreat in volume amid attempts to correctrises is evidence of the market's weakness and of a possible restart of adecrease after the correction is over, an analyst of the investment companyATON said in an interview with RosBusinessConsulting. "Prices for Brent oilin London (the nearest future contract) have dropped a bit to $27.4 perbarrel. The activity is low. Futures of US stock indices that opened lowertoday have remained at practically the same levels. Trade on European stockmarkets is moving in different directions. At 16:30 data on individuals'incomes and expenses in July will be released in the USA. A 0.3 percent anda 0.8 percent advance respectively are expected. At 18:00 more importantdata is to be released, the University of Michigan's Consumer SentimentIndex and the business index in the Chicago area", the expert stressed..