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    Wednesday, November 25, 2009

    Kudrin Says Russian Stocks Are Overheated

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    By Polya Lesova
    MarketWatch Pulse
       

      FRANKFURT -- Russia's finance minister, Alexei Kudrin, said Wednesday that the country's stock markets have become overheated, according to media reports. Russia has received a big amount of short-term speculative money, leading to the overheating of local stock indexes, Kudrin said at a conference in Moscow, according to reports. After tumbling in 2008, Russian stocks have rebounded strongly this year, boosted by rising commodity prices and the improving outlook for the global economy. The dollar-denominated RTS stock index has surged 128% so far in 2009.

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