Български Русский English
Market Buzz: Rouble falls as Russians fly
Friday, 30 December 2011 06:44
RIA Novosti / Vadim Zhernov

RIA Novosti / Vadim Zhernov

A “moderately positive” Thursday trading session on Russian markets is expected to slowly move into Friday, as investors are leaving the floor for the New Year holidays.

The MICEX closed in the black on Thursday, gaining 0.29% to reach 1,387.6. The RTS, however, fell 1.27% to 1,364.64, as the Rouble lost more than 50 kopecks during the day. This “can be explained by the investor desire to switch to foreign currency ahead of the holidays,” says Nikita Ignatenko of Inevstcafe.

European and American stocks were positive during Thursday’s session, which was on the back of little news coming and little trading operations taking place. The CAC 40 grew 1.8%, the DAX was up 1.34%, the FTSE 100 added 1% and the DJI and S&P 500 indices strengthened 1.11% and 1.07% respectively.

Ignatenko expects Friday trading to slow down further, with the remaining handful of enthusiasts driving the market. The MICEX reading will be mostly driven by investor New Year sentiment, and the RTS is most likely to fall, as the Rouble is expected to weaken further, the Investcafe analyst concludes.

Medvedev invites Thai PM to Russia in May

article thumbnail

Russian Prime Minister Dmitry Medvedev has invited Thai Prime Minister Prayut Chan-ocha to Russia in May 2016. "I would like to invite you to visit Russia in May 2016 for the Russia-ASEAN anniversary summit," Medvedev said while meeting with the Thai prime minister on Nov. 18.  [ ... ]


Kadyrov: Russian citizen executed by ISIS was Chechen

article thumbnail

Ramzan Kadyrov, the leader of Chechnya in Russia's North Caucasus, has confirmed reports that the Russian citizen murdered by the Islamic State (ISIS) group was a native of Chechnya. "Yes, this Russian citizen was a Chechen. He was beheaded," Kadyrov told reporters on Dec. 3. There is no  [ ... ]


Russia Able to Become Biggest World Supplier of Ecologically Clean Food

article thumbnail

Russia14:08 03.12.2015Get short URLMOSCOW (Sputnik) — Russia could become the largest world supplier of ecologically clean and high-quality foodstuffs, President Vladimir Putin said Thursday. "We are not only able to feed ourselves taking into account our lands, water resources – Russia is a [ ... ]


source:
 http://rt.com/business/news/russia-markets-december2011-30-969/

 

Advertisement