The euro rate dropped to the dollar to $1.2631 per euro at 12.05 pm on July 2, compared with $1.2679 on Friday. The euro increased in price to dollar by 2.4% in June, but dropped by 5.1% in Q2, PRIME reports.
The dollar rate dropped to 79.64 yens per dollar, compared with 79.84 yens at previous trade. The dollar rate in the basket of six main trade partners of the USA increased by 0.18% to 81.74 points.
The MICEX index increased by 0.9% to 1400.04 points at 12.10 pm. The last time it reached 1400 points was on May 11.
EU leaders concluded the two-day summit last Friday. They decided to form a mechanism to monitor banks, carry out direct recapitalization of problematic banks of the euro zone, allow the EFSF and IFU to purchase bonds on the primary market of crisis states. EU states agreed on credits for Spanish banks.
Some experts expect the euro to drop to $1.20 dollars.
Simon Derrick, a senior strategist of Bank of New York Mellon in London, said that EU leaders pass their responsibility on funds.
Investors expect data on unemployment in the euro zone for May. They expect the indicator to increase from 11% to 11.1%. Analysts say that US business activity in June dropped from 53.5% to 52%.
Russia reduced fees for oil exports by 12% in June, by $50.5 from $419.8 to $369.3 per ton.
The unified export fee for petroleum in July was set at $243.7, compared with $277 in June. Export fee for gasoline remains at $332.4, compared with $377.8 in June. Export fee for liquefied gas was set at $133 per ton on July 1.
Tariffs for monopolies in Russia will not exceed the inflation, 6%. Indexing natural monopolies of 2012, except RR, was passed until the second half of 2012.
Prices for electricity increased by 5.6-6%. People in Moscow pay 4.2 rubles per KW/h. Moscow Region pays 3.58 rubles.
Previous indexing of electricity prices happened on January 1, 2011, increasing prices by 10%. Gas prices increase by about 15% on July 1.
Retail gas prices increased by 5% on January 1, 2011, and 9.5% on April 1, 2011. Retail prices for gas in 2010 increased by 5% on January 1 and 15% on April 1.
Transport prices of gas using Gazprom networks increased by 7% for independent manufacturers on July 1. It was increased by 12.3% on January 1, 2010.
Prices for natural gas will increase by 15% on July 1 in 2012-2014, as approved in September 2011. The highest growth of gas prices will be 7.1% in 2012 for non-population and 10.4% for the population, and no higher than 15% for all categories in 2013-2014.
Gazprom requested an increase of prices for industrial consumers by 26.3% for Q4, according to unofficial information. Other sources say it was requested for September 1.
Russian Prime Minister Vladimir Putin said in late March that no additional Gazprom fees in the domestic market were planned. Gazprom head Alexey Miller expressed readiness to work with price decisions. Alexey Melnikov, head of the department for supplies, transport and storage of gas of Gazprom, said in early April that there was no need for domestic price increase.
Russian Deputy Minister for Economic Development Andrey Klepach said that prices in July may increase by 1%. Annual inflation is expected at 5-6%. Inflation gained only 2.8% on June 25, 2012, compared with 4.9% last year.
President of the Central Bank Sergey Ignatyev stated mid-term inflation risks.
