Rising concerns about global economy to pressure Russian stocks - 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

Rising concerns about global economy to pressure Russian stocks

MOSCOW, Oct 3 (PRIME) -- The Russian stock market is likely to be pressured by a plenty of negative global factors on Thursday including investorsТ concerns about the state of the global economy and falling crude prices, analysts said.

УThe external background is moderately negative ahead of the Russian stock market opening. Western stock exchanges and crude finished the day with a significant fall yesterday due to a number of negative events,Ф Vadim Kravchuk, analyst at investment company Solid, said.

One of the negative events was the World Trade Organizations approval of U.S. duties against EuropeТs plane maker Airbus, which U.S. President Donald Trump called his new victory, Kravchuk added.

Olma senior analyst Anton Startsev said that the downward correction of the RTS index may deepen in light of external factors. InvestorsТ concerns about the state of the global economy have increased after the U.S. published weak statistics, while crude prices have been pressured by a substantial growth of U.S. oil inventories.

The Brent crude price is trading in the negative territory at around U.S. $52 per barrel.

Russian traders will also follow news from the Russian Energy Week that continues in Moscow, where President Vladimir Putin is to meet with the leaders of Kazakhstan, Philippines, Azerbaijan, and Jordan.

End

03.10.2019 09:38
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 69.8608 -0.5663 14 dec
USD 62.5544 -0.6713 14 dec
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1501.42 +0.30 18:50 13 dec
micex 2996.63 +0.46 18:50 13 dec
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 249.50 -0.39 18:49 13 dec
lkoh 6168.00 +0.52 18:49 13 dec
rosn 451.10 -0.38 18:48 13 dec
sber 241.21 +0.07 18:49 13 dec
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 69.7250 -0.5800 14:59 13 dec
USDTD 62.7300 -0.1900 17:44 13 dec