Dull background to prevent Russian stocks from strong movement - News Archive - 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

Dull background to prevent Russian stocks from strong movement

MOSCOW, Jul 31 (PRIME) -- The Russian stock market is likely to open flat or with marginal changes and consolidate later in the day on Tuesday amid an unclear global environment, analysts said.

УThe RTS index may correct down slightly at opening thanks to uncertain foreign background, but there are no reasons for any strong movement,Ф Olma senior analyst Anton Startsev said.

Vitaly Manzhos, senior risk manager at investment company Nord Capital, said that the MOEX Russia Index is likely to open flat and consolidate later in the day due to unclear environment.

Startsev said investor activity on the global market is decreasing ahead of a meeting of the Federal Open Market Committee of the U.S. Federal Reserve scheduled for August 1.

Due to a lack of strong drivers, the market may be highly influenced by crude dynamics. Finam analyst Sergei Drozdov said that the commodity is currently supported by a number of fundamental technical factors including U.S. anti-Iran sanctions which will be effective from August 4. Investors also wait for a weekly U.S. oil inventories report by the American Petroleum Institute (API).

Investors in Russia are also likely to follow a slew of financial and operating results releases for AprilЦJune and JanuaryЦJune from metals giant Norilsk Nickel, steelmaker Novolipetsk Steel (NLMK), power producer Enel Russia and flagship air carrier Aeroflot.

End

31.07.2018 09:41
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.5358 -1.2198 16 nov
USD 66.6159 -1.3816 16 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1131.13 +1.24 18:50 15 nov
micex 2381.45 +0.12 18:50 15 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.14 +1.51 18:49 15 nov
lkoh 4854.00 -0.05 18:49 15 nov
rosn 424.25 -0.68 18:49 15 nov
sber 200.15 +0.48 18:49 15 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.2000 -1.2400 14:59 15 nov
USDTD 66.6000 -0.4600 17:44 15 nov