Russia - Safe investments in credit market turmoil.

One of the stock markets which were unaffected by credit market turmoils is Russian. Russian shares benefited from many positive aspects. June GDP expansion 8.2% with overall Q2 growth 7.6%. This great number were fueled by a very strong investment increase (22.3%) and consumer spending. It is not surprising as real wages rose 17.5% and personal incomes 11.2%. Among major sectors expanding in first half are construction (24%), manufacturing (9.7%), retail (9.2%). Apart from rising domestic demand, Russian economy gained also from rising oil prices.