Russian stocks can decrease on new sanctions threats

MOSCOW, Oct 5 (PRIME) -- The Russian stock market will likely fall at opening on Friday, after several states announced possible new sanctions against Russia following cyberattacks, analysts said.

“The Russian stock market has not taken seriously the fact that Russia is still under the U.S. sanctions and that the E.U. agrees to include this in prices for too long. The external background reminded the buyers yesterday of what it is like: Russia is again accused of cyberattacks via the Internet and threatened with retaliation,” Anna Bodrova, senior analyst at Alpari, said.

According to Bodrova, the MOEX Russia Index will range at 2,410–2,470 on Friday.

Investment company Olma’s senior analyst Anton Startsev said that the RTS can recover slightly after Thursday’s jittery trading session but the geopolitical worries and interest rate growth in the U.S. will not allow the positive trend develop.

According to Startsev, later in the day, U.S. non-farm payrolls will influence the investor mood worldwide because the data is used by the Federal Reserve System (Fed) in its estimates.

End