VIEWPOINT: Russian currency, stock markets likely to trend down - Veles Capital
MOSCOW. Sept 25 (Interfax) - The Russian currency and equity markets are likely to start trending down on Wednesday amid unfavorable external factors and in the absence of growth drivers, Veles Capital analyst Elena Kozhukhova said in a comment.
"The bulls, for all their efforts, have been unable to sustain the short-term upward trend. We should not expect heavy drops, but the predominant trend is likely to shift downwards," the analyst said.
*** This article contains the opinion of investment or banking professionals obtained by Interfax. This opinion is provided for informational purposes only and is not a recommendation to buy/sell shares or to make any commercial or other decisions. Interfax does not accept any responsibility for the content of the article or any consequences resulting from its use.