Market Buzz Russian floors still hoping for growth

Friday 15th March, 2013

Russian economy A positive international outlook will likely drive Russian markets upwards at the start of Friday’s trading session. Thursday trading closed in the black, though for most of the day Russian floors demonstrated weak dynamics. The MICEX rose 0.17% to 1498.97, while the RTS climbed 0.3% to 1535.7. Russian stocks were buoyed by a rise in oil prices: Brent has added 0.40% to $109.40 per barrel, while WTI grew to $93.03 per barrel. The continuing growth in oil prices is expected to strengthen the Russian ruble and positively affect Russian stocks. European stocks will likely …

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