Russian stocks can sink following terrorist attack in France

MOSCOW, Jul 15 (PRIME) -- The Russian stock market will likely fall at opening on Friday, on expectations of European markets decline and a lower risk appetite worldwide after a terrorist attack in France’s Nice in the early hours of the morning, analysts said.

“A halt of the RTS index growth is possible today at the start of trade following global indices. The terrorist attack in France … can hurt investor willingness to take risks,” Anton Startsev, a senior analyst at investment company Olma, said.

Oleg Shagov, head of investment company Solid’s analytical department, agreed saying that the terrorist attack is a signal of an increased terrorist threat in Europe, which will pressure European stock market bulls down.

Oil quotations are still under the pressure from oversupply fears, and market participants are waiting for the U.S. drilling activity reports, he said.

The U.S. banks’ reports, inflation, industrial output and retail sales release can influence the Russian market later in the day, Shagov said.

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