After China lowered its economy growth forecast yesterday by 0.5% to 7.5% stocks have faced decline in the beginning of the week as investors
were troubled whether decline in growth of the Chinese economy becomes a trend. Muted for now problems in Europe with debt are still in the back
of the minds and European indices have indicated decline as well.

AgroInvest comment: we assume slight turbulence over the next week since global economic situation remains unclear. We focus our attention on
the emerging markets (CIS region) which will most likely play the biggest role during this period.
 

AgroInvest