Analysts foresee an upward trend on the Russian stock market, despite recent news about new searches in YUKOS office and on a notice of a potential default on a $1.6bn debt, received by the company. YUKOS securities have slumped, but this wide sell-off was just the first reaction.
The news about searches in YUKOS headquarters do not affect investors' mood, therefore, one should expect a moderate increase. Analysts foresee the RTS index's strengthening to 630-640 points.
Forest fires in Siberia have been raging for three months already. They have become a disaster not only of Russian, but of global scale. The fires have already scorched 12 million hectares of land