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Analysts forecast today's dynamics on Russian stock market

14.08.2002 | Source:

Pravda.Ru

 

The Russian stock will most likely open with a fall in prices today,following a drop in US indices yesterday after results of the FOMC meetinghad been announced. US future indices were dropping this morning as well,which denoted the further falling tendency despite information that 700 UStop managers and financial directors were expected to vow to thereliability of their accounting reports. At the same time, stock analystsfrom the OLMA investment firm forecasted that attempts to speculate for arise would be possible on the Russian market today on a favorable situationon international oil exchanges, where oil prices surged due to the mostsignificant reduction in US oil reserves over the past year and a half.Another factor to promote bullish speculations on Russian exchanges is anoticeable rise in ADRs of Russian companies..

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