Market Buzz: Foreign growth moves Russian markets up

9137foreign growth russian markets up Market Buzz: Foreign growth moves Russian markets up

At the end of the last week Russian stocks failed to demonstratea clear tendency. On Thursday Russian markets closed on about thesame level as they opened.The MICEX dropped by only 0.01%. The RTS demonstrated a slightgrowth by 0.18%.TMK, Magnit, IDGC North Caucasus, RAO Energy System of East andtelecom giant MTS led the growth on the Russian market. Inter RAOUES, Novatek, Akron, and metallurgical companies Severstal, MMK,NLMK, and Mechel finished in the red.European markets that closed last week’s session on Friday, unlikethe Russian stocks (which had a short week due to InternationalWomen’s Day), ended the week in the black.British FTSE100 grew by 0.69%, German DAX added 0.59%, French CAC40was up 1.22%.US stocks also ended Friday’s session in the black. The Dow added0.47%, the S&P 500 gained 0.45%, while the NASDAQ was up0.38%.Investors will be expecting news on the health of the eurozone’slargest economies later on Monday. Industrial Production data fromFrance and Trade Balance data from Germany should give somedirection to the markets.Asian floors are showing mixed dynamics on Monday. ShanghaiComposite is down 0.24%, while the Hang Seng has added 0.46% andthe Nikkei is up 0.92%.Oil quotations are currently lower. Brent has dropped by 0.30%,while Light is losing 0.16%.

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Market Buzz: Foreign growth moves Russian markets up

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