Russian stocks can decrease as oil price, foreign markets fall - 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 stocks can decrease as oil price, foreign markets fall

MOSCOW, May 16 (PRIME) -- The Russian stock market will likely fall at the opening of WednesdayТs trading session because of a decrease of oil futures and foreign markets, analysts said.

УTaking into account a weak closing of the U.S. stock market, the external background before the start of trade in Russia can be called moderately negative,Ф Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.

The U.S. stock market futures are neutral on Wednesday morning, the Brent oil eased 0.3%. Gold futures rose 0.2%. JapanТs Nikkei225 lost 0.3% and the Hang Seng 0.2%, and these factors form a bearish background for the Russian market, Manzhos said.

Olma senior analyst Anton Startsev said that the stock markets remain under pressure as the yield on U.S. Treasuries continues to rise.

As a result, the MOEX Russia can open with an about 0.4% decline at about 2,325Ц2.330. The levels of 2,320 and 2,300 will be the closest support and of 2,340 and 2,350 the resistance.

Startsev said that the RTS Index can deepen its downward correction.

End

16.05.2018 09:37
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.1825 -0.1393 21 nov
USD 65.5871 -0.4210 21 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1132.44 -0.29 15:28 20 nov
micex 2361.11 -0.53 15:28 20 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.40 -0.45 15:10 20 nov
lkoh 4806.50 -0.80 15:09 20 nov
rosn 413.85 -2.42 15:10 20 nov
sber 196.91 -0.55 15:10 20 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9725 -0.2775 14:59 20 nov
USDTD 65.6225 -0.3025 15:08 20 nov