Russian stocks seen decreasing as US state debt talks continue - 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 seen decreasing as US state debt talks continue

MOSCOW, May 26 (PRIME) -- The Russian stock market will likely open with a downward gap on Friday in the morning amid an uncertainty surrounding the U.S. state debt negotiations, analysts said.

"The headlines concerning the negotiations on the (U.S.) state debt between the Republicans and the Democrats remain in focus of attention. Investors are nervous over the uncertainty in… the negotiations, which pushes them out of risky assets into the U.S. dollar. The deal might be struck on the very last day," BitRiver financial analyst Vladislav Antonov said.

Oil prices decreased on Thursday, after the U.S. dollar strengthened and Russia's Deputy Prime Minister Alexander Novak said that OPEC+ was not expected to take new steps during a meeting on June 4, Antonov said. On Friday in the morning, the Brent blend traded at U.S. $76.

Bogdan Zvarich, senior analyst at financial platform, said that since the prices remain below the Thursday closure level, the pressure on the Russian stock market will likely remain at the start of the session.


26.05.2023 09:24
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 98.7776 -0.1202 18 may
USD 90.9873 +0.0634 18 may
Stock Market Indices
1D 1W 1M 1Y
micex 3501.89 +0.45 18:51 17 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 155.06 -1.79 18:47 17 may
lkoh 7856.50 +1.83 18:47 17 may
rosn 592.60 0.00 23:50 17 may
sber 322.91 0.00 23:50 17 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 98.5225 -0.1775 14:59 17 may
USDTD 90.9700 -0.0075 17:44 17 may