Russian stocks can grow as oil prices, US indices erase losses - 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 grow as oil prices, US indices erase losses

MOSCOW, Sep 11 (PRIME) -- The Russian stock market can grow slightly on Wednesday in the morning as oil prices and U.S. indices erased losses on Tuesday in the evening, analysts said.

УThe external background before the opening of the Russian trade looks weakly positive so far: besides growing oil, U.S. indices recovered after our session closing and the futures for them have added about 0.1% today in the morning,Ф Alor BrokerТs analyst Alexei Antonov said

U.S. President Donald Trump unexpectedly dismissed national security adviser John Bolton late Tuesday, which, according to Vadim Kravchuk, analyst at Solid Broker, could have caused an oil price fall. Besides, the U.S. Energy Department reduced the outlook for the Brent price for 2019 to U.S. $63.39 from $65.15. †

But the Brent price grew 0.64% to $62.78 as of 9:08 a.m., Moscow time.

Kravchuk said that investors are worried over a slowdown of the Chinese economy after the release of statistics and as international rating agency Fitch reduced its outlook for the economic rise of China in 2019 to 6.1% from 6.2% and for 2020, to 5.7% from 6% as a result of escalation of the trade dispute with the U.S.

Finam analyst Sergei Drozdov said that the support level for the MOEX Russia Index stands at 2,760 and 2,736. The resistance notch is 2,800 and 2,815. The local support level for the RTS index stands at 1,328 and 1,295, and resistance at 1,363.

End

11.09.2019 09:12
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 70.9373 -0.3018 20 sep
USD 64.2199 -0.2091 20 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1378.65 -0.25 17:30 19 sep
micex 2797.01 -0.77 17:30 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 230.34 -1.34 17:15 19 sep
lkoh 5407.00 -1.10 17:15 19 sep
rosn 425.55 -0.11 17:14 19 sep
sber 234.35 -0.40 17:15 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 70.9700 +0.2825 14:59 19 sep
USDTD 64.2000 -0.1575 17:44 19 sep