Economy Fears Overshadow Russian Stocks Outlook | Business | The Moscow Times

Economy Fears Overshadow Russian Stocks Outlook | Business | The Moscow Times:

"An expected fourth quarter rebound in Russian stocks will not make up for losses earlier in the year with clear signs that the economy is cooling and falling oil prices are stifling growth, a Reuters poll has found.

Russian shares will rise 1.9 percent from Tuesday's close of 1,471.65 by the end of the year but will still be 1.8 percent in the red overall for 2013, as analysts polled by Reuters again trimmed their outlook.

The median of 11 analysts showed the country's dollar-denominated RTS stock index — which has underperformed emerging markets with a 3.6 percent fall so far this year — would end 2013 at 1,500 points, below the 1,526 it finished 2012.

Analysts grew more pessimistic as the year progressed. A poll in June found stocks would rise 2 percent this year to 1,565 points. In March, analysts expected a 11 percent gain during the year to 1,700."

'via Blog this'