Russian stock may ease at opening due to controversial background - 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

Russian stock may ease at opening due to controversial background

MOSCOW, Apr 11 (PRIME) -- The Russian stock market is likely to edge down at opening and consolidate with high volatility during the day on Wednesday following previous turmoil, analysts said.

“The return of the Brent futures to above U.S. $70 provides reasons for a further bounce back in some of oil and gas stocks. However… geopolitical risks and a possibility of new U.S. sanctions are a strong negative factor for Russian stocks,” Olma senior analyst Anton Startsev said.

It is premature to speak about a persistent recovery, and the stock market is likely to see high volatility again, the expert added.

Alpari senior analyst Anna Bodrova said that the technical background points to a possible rise of the Brent crude price to $72.50 per barrel, which may be supportive for the local stock market.

Sergei Kozlovsky, head of the research department of forex broker Grand Capital, said that the ruble is still under pressure in light of a significant decline of foreign investor’s interest in OFZ government bonds, and it will be difficult for Russian stocks to advance on internal demand only.

Analysts of investment company Nord Capital said the MOEX Russia Index is expected to ease around 0.5% to 2,165 at opening to turn to volatile consolidation later in the day.

End

11.04.2018 09:42
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.9232 -0.3208 20 apr
USD 63.9602 -0.1086 20 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1259.63 -0.21 18:06 19 apr
micex 2561.97 +0.05 18:06 19 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 161.97 +0.11 17:49 19 apr
lkoh 5601.00 -0.16 17:49 19 apr
rosn 431.80 -0.88 17:49 19 apr
sber 232.23 -0.24 17:49 19 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 64.0125 +0.0400 17:44 19 apr