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Russian stock indexes fall as market waits for S&P decision on Russia's rating

January 16, 2015, 11:41 UTC+3 MOSCOW
An expert says the Russian market can be saved by a sharp increase in oil prices
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© TASS/Artiom Geodakyan

MOSCOW, January 16. /TASS/ The Russian stock indexes show negative dynamic, the MICEX index fell by less than 0.1% to 1562.27 points, while the RTS index fell by 0.95% to 755.17 points as of 10:25 Moscow time.

Investors are waiting for the S&P decision on Russia's credit rating, which could come in the next few days. Oil prices on Friday morning have resumed their growth, after failure to stay in positive during yesterdays trading.

"Oil prices have jumped up, but that is a technical rebound. There is no euphoria in response to that. I think that experts who advise to purchase our shares, with the expectation that sanctions will be lifted, are getting ahead of themselves. We still have a long way ahead of us” says Andrey Vernikov, Deputy Director General for Zerich Capital Management.

"Our market can be saved by a sharp increase in oil prices," Vernikov said.

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