Tuesday 27 August 2013

Market Buzz: Stocks shaky on Syria — RT Business

Market Buzz: Stocks shaky on Syria — RT Business:

"Russian floors could gain on high oil prices which have risen as the civil war in Syria heightens.

“Russia is winning from the high oil prices,” Slava Smolyaninov, Deputy Head of Research at UralSib Capital, told Bloomberg.

High oil prices could carry equities in recovery from Monday’s weak performance. The MICEX fell 0.3 percent to 1,386.63 and the dollar-based RTS dropped 0.3 percent to 1,324.03.

Gazprom, Russia’s largest natural gas producer, increased 0.29 percent to 132.47 rubles and Lukoil, the country’s second-largest oil company, jumped 0.11 percent to 1,942.62 rubles."

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