The Russian stock market slightly decreases, pending the decision of the EU on sanctions

Dmitry Mayorov. The Russian Federation market shares in the first part of trading Thursday declines amid expectations of decisions of the EU on sanctions against Russia. In the lead in the fall paper Sberbank (-1, 2%) and VTB (-1, 7%), reflecting the renewed decrease of the ruble, as well as fears because of possible punishment of the EU.

on Thursday the European Commission may submit proposals to limit the access of Russian companies and credit organisations to the capital market, as well as restrictions on goods and technologies, said chief analyst organization Management " Savings " Alexander Potavin. Against this background, and in the Lead in the decline in Bank shares.

The MICEX index to 12. 55 GMT decreased by 0, 3% - up 1402, 37 points, the RTS Index - by 0, 8% to 1261, paragraph 70.

The Council of ambassadors of EU countries to the EU (Coroper) on Thursday, a day plans to devote to discuss additional punishments, for example, against Russia due to the recent events in Ukraine. It is assumed that you will expand the list of legal entities and individuals whose assets in the EU will be frozen, but for a final decision on measures in the field of economy and defense ambassadors will Probably take more than one meeting.

The stock indexes of the USA on Wednesday has changed multidirectional within 0, 4% due to the good quarterly financial accounts of American institutions and some decrease in geopolitical tension.

the overwhelming majority of Asian indices are growing on 0, 2-1, 3%. The Japanese Nikkei 225 is reduced by 0, 3%. The price of Brent crude oil decreased by 0, 1% to 107, 9 dollars per barrel.



" Support to the market have been published on Thursday morning data on business activity in the manufacturing sector in China (Index HSBC PMI Flash), which was stronger than expected. Usually, slightly better than expectations look and data on business activity in the Euro-zone, " said Anton Startsev from the organization " OLMA ".

However investors on the Russian market again assess the prospects of introduction of the EU sanctions 3rd level against Russia, which puts pressure on market sentiment, despite strong preliminary PMI index of China's manufacturing sector, says analyst FG BCS mark Bradford.

" However, the decision in favor of the introduction of sanctions is not guaranteed - European leaders do not have a common position on this issue. The next few days will show the probability of development of this or another script, " added Bradford.


sections: Politics