Russian stocks can firm at opening on USЦChina talksТ progress - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian stocks can firm at opening on USЦChina talksТ progress

MOSCOW, Mar 15 (PRIME) -- The Russian stock market will likely edge up at opening on Friday following the trend of foreign markets that were supported by progress in trade negotiations between the U.S. and China, analysts said.

УThe state of the external background before the start of trade in Russia can be characterized as weakly positive. This creates conditions for an insignificant growth at the opening of the local stock market,Ф Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.

According to Bloomberg, a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping to sign a trade deal will most probably be held no earlier than April. The information was later confirmed by U.S. Treasury Secretary Steven Mnuchin.

According to Mikhail Poddubsky, senior analyst at Promsvyazbank, the postponement did not make investors nervous because no new duties are likely to be introduced during the period, and there is progress in negotiations between the U.S. and China. Xinhua reported that ChinaТs Deputy Prime Minister Liu He and U.S. Trade Representative Robert Lighthizer and Mnuchin attained significant progress during telephone negotiations.

On Friday morning, the U.S. stock market futures grew by up to 0.35%, the Brent price was flat, gold futures added 0.3%, JapanТs Nikkei225 rose 0.9%, Hong KongТs Hang Seng 0.8%.

Finam analyst Sergei Drozdov said that the MOEX Russia was fluctuating in a 2,450Ц2,500 range for 19 trading sessions, and a breach of the lower bracket can cause significant sales. The RTS support levels are 1,178 and 1,169, and the resistance are 1,192 and 1,202.


15.03.2019 09:32
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 72.3186 +0.4817 25 may
USD 64.6106 +0.1193 25 may
Stock Market Indices
1D 1W 1M 1Y
rtsi 1279.11 +0.29 18:50 24 may
micex 2619.24 +0.02 18:50 24 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 204.50 -2.09 18:49 24 may
lkoh 5240.00 -0.66 18:49 24 may
rosn 423.00 +1.43 18:49 24 may
sber 234.45 +2.25 18:49 24 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 72.1000 +0.0775 14:59 24 may
USDTD 64.8200 +0.5275 17:44 24 may