icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Market Buzz: Investors yearn for good news

Market Buzz: Investors yearn for good news
Russian markets are likely to continue their downtrend on Thursday amid a lack of positive drivers.

“As our trades closed, the background remains negative, it means we would see stocks opening lower,” says Alexander Baibakin from Nettrader. “Meanwhile some important data will be issued tomorrow including a report on the US labor market and report on the US GDP in 4Q. It could change investor sentiment”Russian stocks dropped burdened by weaker stats from Europe and the US and sliding oil prices. The MICEX fell 2.18% and the RTS declined 3.07%. Energy stocks were among the few gainers: E.ON Rossia added 1.94% and OGK-5 gained 1.87%.European shares closed lower on Wednesday after a choppy session with investor sentiment hit by weak data on durable goods orders in the US and weaker data on the UK economy growth.The Stoxx Europe 600 fell 1.1%, the French CAC 40 and 1.13% and the Greman DAX 40 shed 1.14%.US stocks traded in the red Wednesday as investors were disappointed by a weaker-than-expected report on U.S. durable goods orders. The Commerce Department reported orders for long-lasting goods grew 2.2% in February compared to an estimated 2.9%. Commodities and energy stocks were among decliners, while gold and copper dropping as well. The Dow Jones, the Nasdaq Composite and The S&P 500 all fell 0.5%. A report on the US GDP in 4Q will be published later on Thursday.Asian shares fell Thursday, with commodity firms among decliners around the region after a sell-off for metals and oil during the New York session. Shanghai Composite dropped 0.5% and Hong Kong’s Hang Seng fell 1.1%. Japan’s Nikkei Stock lost 0.8% and the South Korean Kospi shed 1.1%.  While Australia’s S&P/ASX 200 slightly dropped 0.1% hanging about a four-month high set in the previous session.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.