Russian indices may close the week on an upbeat
note on the back of positive news from both domestic and foreign
markets.
Wednesday’s trading session marked a second
consecutive day of growth for Russian markets, with the RTS adding
2.51% to reach 1,572.6 points, and the MICEX going up 1.06% to
1,514.72 points.
The Russian baking sector remained a driving
force for the markets, with shares in VTB, Sberbank and
Vozrozhdenie Bank being among the growth leaders.
The indices were also pushed up by global
optimism on the back of “the good corporate news in the US,
statements of the US Fed on preserving the low interest rate till
2014, and the expectation of an end soon to the negotiations on the
Greek debt,” analysts from Veles Capital noted.
Alexandre Ryvkin from market
research at Metropol IFC says a slight correction is possible on
Friday, but overall positive sentiment is likely to remain both
short- and long-term.
“We think that the positive January
will be followed by an equally positive February,” he told
RT.
Also, a good announcement from the Davos
Economic Forum will certainly have its positive say in deciding the
market dynamics.
“The most precious will be news concerning the
situation with improving the debt problem in Europe,” added Pavel
Emelyantsev from Investcafe.
http://rt.com/business/news/russia-markets-january27-2012-821/