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Veles Capital - Daily review -Jun 3, 2013.

Trader's view

Oil quotes down to 100.1 USD per barrel, along with weak stats from China will serve as the main factors for bears' trend at the open of the Russian exchange market Monday.

(To view the full report please click here:

http://reports.aiidatapro.com/brokers/VelesEN/130603eng.pdf)

Main events

Offers on tariffs indexation of natural monopoly in 2014-2016 will be prepared until 1 July 2013.

Offer to index tariffs of natural monopolies might make a make a significant effect in the form of financial results reduction in the companies of the power energy sector. Hydro generations and generations that do not use gas in their fuel balance will suffer the most.

Share of import in consumption of aluminum products from Russia might reach 47% by 2017.

In order to support domestic production, RusAl offers to improve legislation that regulates use of aluminum in

construction and utilities, and stimulate foreign manufacturers of aluminum products to open their plants in Russia.

Trader's view

Weak stats from Europe pulled the trade at the Russian market into the red zone Friday. Reduction of retail selling in Germany for April got worse and formed 0.4%. Members of OPEC decided not to change quotes for oil extraction at their session - the decision was an expected one, but still made a negative impact on the oil quotes. In the evening drop was smoothened by the release of data on Chicago PMI and Consumers Confidence Index by Michigan University. HSBC

Manufacturing PMI turned out to be worse than expected: 49.2 instead of the expected 49.6, which is a strong negative factor for the Russian exchange market. During the day we expect PMI manufacturing in EU and Germany, which are not expected to provide any positive. Situation might get better by evening when the American data on ISM Manufacturing for May will be released.

Oil quotes down to 100.1 USD per barrel, along with weak stats from China will serve as the main factors for bears' trend at the open of the Russian exchange market Monday.

Trade results (table)

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Copyright: VelesCapital,All rights reserved.

For further information please contact: VelesCapital, Russia, Moscow,

123610, Krasnopresnenskaya nab. 12, Entr. 7, floor 18

Tel.: 7 (495) 258 1988, Fax: 7 (495) 258 1989,

e-mail: research@veles-capital.ru, web: http://www.veles-capital.ru
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Publication:Russian Banks and Brokers Reports
Geographic Code:4EXRU
Date:Jun 3, 2013
Words:388
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