NEW GOVERNMENT TO BE ANNOUNCED "WITHIN DAYS."

Viktor Chernomyrdin, newly reappointed as prime minister, told the Russian cabinet this morning that Yeltsin had instructed him to form a new government. He said the composition of the new team would be announced within days. (Itar-Tass, July 5) Yesterday, the Communist speaker of the Russian Duma, Gennady Seleznev, told Itar-Tass he expected the lower house of the parliament to reconfirm Chernomyrdin in office. The Russian Constitution requires the cabinet to resign after a new president is elected. The new prime minister nominated by the president must then be confirmed by parliament.

Markets Bullish.