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Moscow TFN shares at a glance outlook


Published :
Tue, 10 Jul 2007 07:42
By : Agencies
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MOSCOW (Thomson Financial) - Moscow shares are seen opening slightly lower after oil prices dipped slightly and major Asian exchanges lost ground this morning.

The RTS index closed up 25.21 points, or 1.28 pct, at 1,999.87 points yesterday, less than 10 points off the all-time high of 2,008.42 set in April.

TODAY'S PRESS

-Russians now hold 11.9 bln usd of foreign currency, down from 18.7 bln in Jan, Central Bank estimates (Kommersant)

-Gazprom's Medvedev says close to deal with one or more international oil majors on Shtokman gas field development (Moscow Times)

-PricewaterhouseCoopers to appeal a conviction on tax evasion charges in a Moscow court (Moscow Times)

COMPANY NEWS

-SoyuzNefteGaz says ready to develop fields off Caspian coast together with Turkmenistan

-Russian energy minister Khristenko says construction on ESPO pipeline branch to China to start next year

-Ford Motor Co says to up annual production at St. Petersburg plant to 125,000 units by 2009 from current 72,000 level

MACROECONOMIC NEWS

-Banks have 467.7 bln rubles on CBR correspondent accounts July 10 - Central Bank

-Central Bank says to auction 20 bln rubles in Bank of Russia Bonds (OBR) July 12

alfred.kueppers@thomson.com

amk/jlc

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Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.




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