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Russian stock market opens higher
RBC, 25.10.2005, Moscow 11:58:56.Trade on the Russian stock market has started with steady growth in most securities. On the Moscow Interbank Currency Exchange, Tatneft has led the gainers with a 3-percent advance; other highly liquid securities have increased by 1 percent on average. On the RTS exchange, LUKoil has stepped up 2 percent and Gazprom has been traded 1 percent higher. The situation in the world's economy leaves much to be desired due to an anticipated advance in the US Federal Reserve System's interest rates, an expert told RBC TV. As the Russian market is now oriented towards western stock indices, a new decline is near at hand, he added. At the same time, another analyst said the key growth factors - the situation on financial markets of developed and developing countries and that on the oil market - were favorable. In particular, most international financial markets are facing correction after last week's fall, he commented.
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