Market Buzz: Foreign growth moves Russian markets up
Russian stocks are likely to be directed by the foreign markets and the news flow from abroad. However Russian investors expect Monday’s session to start in the black, reacting to Friday's climb of international stock indices.
At the end of the last week Russian stocks failed to demonstrate
a clear tendency. On Thursday Russian markets closed on about the
same level as they opened.
The MICEX dropped by only 0.01%. The RTS demonstrated a slight
growth by 0.18%.
TMK, Magnit, IDGC North Caucasus, RAO Energy System of East and
telecom giant MTS led the growth on the Russian market. Inter RAO
UES, Novatek, Akron, and metallurgical companies Severstal, MMK,
NLMK, and Mechel finished in the red.
European markets that closed last week’s session on Friday, unlike
the Russian stocks (which had a short week due to International
Women’s Day), ended the week in the black.
British FTSE100 grew by 0.69%, German DAX added 0.59%, French CAC40
was up 1.22%.
US stocks also ended Friday’s session in the black. The Dow added
0.47%, the S&P 500 gained 0.45%, while the NASDAQ was up
0.38%.
Investors will be expecting news on the health of the eurozone’s
largest economies later on Monday. Industrial Production data from
France and Trade Balance data from Germany should give some
direction to the markets.
Asian floors are showing mixed dynamics on Monday. Shanghai
Composite is down 0.24%, while the Hang Seng has added 0.46% and
the Nikkei is up 0.92%.
Oil quotations are currently lower. Brent has dropped by 0.30%,
while Light is losing 0.16%.
