Source Pravda.Ru

Russian Stock Market Opens with No Common Tendency

Trade on the Russian stock market started with the growth in share prices of oil companies, while stocks of the non-fuel sector that added yesterday, dropped slightly. Surgutneftegas advanced by more than 2 percent, YUKOS and LUKoil grew by less than 1 percent.

According to analysts, optimistic Russian investors, who are expecting an advance in share prices after the holidays, could push the market upwards today, moreover, there is enough money on the market. At the same time experts point out that it will depend on sales on Western markets, as they have hindered the growth on the Russian market over the past several days.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America

Turkey desperately tries to rescue its national currency as it falls to all-time lows
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