Russian stocks can fall as USЦChina trade war continues - 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 fall as USЦChina trade war continues

MOSCOW, Jun 28 (PRIME) -- The Russian stock market will likely open lower on Thursday on the back of global concerns about a continuing trade conflict between the U.S. and China, analysts said.

УThe external background before the start of the Russian trading session can be characterized as mixed. At the same time, a significant decline of futures for the MOEX Russia and RTS indices create conditions for a moderately negative start of the trade in Russia,Ф Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.

Anton Startsev, a senior analyst at investment company Olma, said that global oil prices remain high enough to support the Russian blue chips.

Confirmation of a forthcoming meeting between the Russian and U.S. presidents adds to the optimism, Startsev said.

But he also said that continuing risks stemming from the U.S.ЦChina trade war exert pressure on demand on global markets.

According to Manzhos, the MOEX Russia Index can fall by about 0.3% to 2,250 at the opening. The levels of 2,240 and 2,230 are support and 2,260 and 2,270 are resistance. Startsev said that growth of RTS can halt on Thursday.

End

28.06.2018 09:20
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov