Market Buzz: Russian stocks set to grow despite disappointing GDP, rate freeze — RT Business:
"Driven by recovering crude, Russia’s stocks are expected to continue their Friday positive into Monday session. Better-than-estimated Chinese industrial output should come as another market trigger.
Markets will “most likely, continue Friday's positive progress, and markets will keep on rising amid higher prices for commodities,” according to Andrey Shenk, an analyst at Investcafe.
Crude prices are recovering, even though the International Energy Agency has lowered its 2014 oil demand growth estimate by 100,000 barrels per day. WTI is up 0.01 percent at $105.98 per barrel, and Brent slid 0.15 percent to $108.06 a barrel. Oil prices are an integral part to Russia’s economy, as oil and gas account for nearly 50 percent of budget revenue. "
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