Russian stocks may rise backed by oil price growth - 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 may rise backed by oil price growth

MOSCOW, Sep 12 (PRIME) -- Russian stocks may increase at the opening on Wednesday receiving support from growing oil prices, analysts said.

УWe expect the MOEX Russia Index to open with a significant increase of around 0.4Ц0.6%, in the range of 2,345Ц2,350 points. The nearest support levels will be 2,330 and 2,320 points. The main resistance will be at 2,360 and 2,380 points,Ф Vitaly Manzhos, a senior risk manager at investment company Algo Capital, said.

The foreign background prior to the opening of trading in Russia is mixed, he said. УAt the same time, a clear improvement of moods on the oil market creates conditions for the positive opening of the local stock market,Ф he said.

The U.S. stock index futures are falling up to 0.05%, Brent oil futures are gaining around 0.4%, gold futures fell 0.3%, JapanТs Nikkei225 lost 0.3%, and Hong KongТs Hang Seng decreased 0.1%.

The oil prices may test the level of U.S. $80 per barrel later in the day, Manzhos also said.

End

12.09.2018 09:29
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 72.6993 -0.3148 15 jun
USD 64.4326 -0.1988 15 jun
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1341.05 -0.44 18:50 14 jun
micex 2739.28 -0.69 18:50 14 jun
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 231.51 -1.25 18:49 14 jun
lkoh 5178.50 -0.61 18:49 14 jun
rosn 408.00 -3.32 18:48 14 jun
sber 238.80 -0.70 18:49 14 jun
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 72.3250 -0.6250 14:59 14 jun
USDTD 64.5950 +0.1125 17:44 14 jun