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Unformatted text preview: ndexes for Brazil, India, China and South Africa today, after the four other members of the BRICS Exchanges Alliance started trading the contracts in March. The total volume of shares traded on the benchmark exchange today was 42.1 billion, according to the exchange’s website. Yesterday’s total volume was 32.2 billion shares, according to Bloomberg data. Trading volumes on the Micex declined last week, with 221.4 billion shares changing hands, down from 306.8 billion a week earlier, according to Bloomberg data. Stocks retreated earlier as Spanish industrial production unexpectedly fell the most in more than two years in April as the fourth-largest economy in Europe’s single currency union sank deeper into recession. 26 | P a g e Russian Oil DA BDL “The situations in Greece and Spain remain the main concerns, with the latter rapidly turning into the more dangerous,” Peter Szopo, the head of research at Alfa Bank in Moscow, said in an e-mailed note. Russia-dedicated equity funds posted redemptions for the seventh week in eight, registering a net outflow of $8.2 million in the week ended May 30, according to EPFR Global. Developing - nation equity funds registered outflows of more than $1 billion for the fourth cons ecutive week, the longest streak since the third quarter of 2011. The MSCI Emerging Markets Index rose 1.8 percent to 902.02 today, the most since Jan. 26. The MSCI BRIC Index of shares traded in India, Brazil, Russia and China, fell 1.6 percent. Russian stocks trade at 4.8 times estimated earnings, having lost 6.4 percent this year. That compares with a 1.6 percent drop for the MSCI Emerging-Market Index (MXEF), which trades at 9.3 times projected earnings. 27 | P a g e Russian Oil Disadvantage Answers Russian Oil DA Affirmative BDL Russian Oil DA Aff – Table of Contents Glossary ............................................................................................................................................. 2-3 Non-Unique – Russian Economy/Oil Prices Declining Now ............................................................... 4-5 No Internal Link – Oil Decline Won’t Hurt Russia’s Economy ............................................................ 6-8 Internal Link Turn – High Oil Prices Discourage Russian Economic Reform ................................... 9-12 Internal Link Turn – High Oil Prices Facilitate Russian Militarism .................................................. 13-15 No Impact – Russian Economic Decline Won’t Cause War ........................................................... 16-17 1|Page Russian Oil DA Affirmative BDL Glossary Vocabulary Acceleration. Acceleration is to go faster. If your car accelerates, it goes faster. Brent. Another name for oil Commodity. A commodity is a raw material or agricultural produce that can be bought or sold. Depletion. Depletion is the gradual running out of an item. Diversification. Diversification is the idea that a person or company should not be completely dependent on...
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