The euphoria in the Russian market has ended

Foreign Exchange Market Finansy20-09-2007, which began after the Fed meeting the rise in world stock markets halted - caution prevailed over emotion, and some market participants have decided to fix the portion of the profits. Veles Capital, warned: in the near future are coming events that can put an end to the euphoria in financial markets. In Thursday's early trading in blue chip sector there has been a slight downward correction. By mid-afternoon Polyus Gold shares fell, the Savings Bank - by 2.0%, Rosneft - 1.7%, Gazprom Neft - 1.7%, RAO UES and Gazprom, at 1.1%, Lukoil - by 0.5%. Began after the Fed meeting rise in world stock markets halted - caution prevailed over emotion, and some market participants have decided to fix the portion of the profits, notes Alex Bystrov, deputy. CEO IF Olma. In turn, Veles Capital, warned: in the near future are coming events that can put an end to the euphoria in financial markets. For the global stock market indices followed and the RTS index. In the U.S., continued during the publication of corporate reports - in anticipation of new data, market participants exhibit some uncertainty in their actions. Meanwhile, in the medium term, reducing the base rate of the Federal Reserve remains one of the key factors for the resumption of growth and yield of the RTS index in the area of ??historic highs.