MOSCOW, April 1 (PRIME) - By late Tuesday morning Russia's MICEX had edged up 0.14% to reach 1371.15, and the RTS 0.55% to hit 1234.06.
Tuesday's moderate upward trend is an expected development as experts predicted a reaction to the growth of American indicators the day before.
At the same time, somewhat disappointing data on China and a drop in oil prices may start pushing the Russian market downward.
The Russian Ministry of Defense withdrew part of its troops from the Ukrainian border, which could boost investor confidence as the international crisis over the country cools. Coupled with mixed economic data, the news made for a neutral market setting.
Experts predicted the day's core trends to follow the news on developments around Ukraine and further updates from Europe and the US.
The US dollar started the trading day with a 10 kopeck drop to reach 35.01 rubles to the dollar. The euro showed less of a slip, just 3 kopecks, to reach 48.21 rubles to the euro, according to data from the Moscow Stock Exchange.
The optimistic growth on Monday was largely driven by the closure of short positions on the ruble. The alleged return of the Russian Ministry of Finance to the market and a general uncertainty of the foreign exchange situation may slightly weaken the Russian currency. Echoing the market trend, the Russian ruble may be on a rebound against the dollar-euro basket the Central Bank uses to track the currency.
