Russian stocks can fall on US Secretary of State replacement - 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 on US Secretary of State replacement

MOSCOW, Mar 14 (PRIME) -- The Russian stock market will likely open with a downward gap on Wednesday, following a negative trend of foreign markets after replacement of the U.S. Secretary of State, analysts said.

“We expect that the Russian stock market will open with an about 0.3% decrease today, reflecting yesterday’s external negative news. The trade dynamics will be volatile later, shares will react to oil price changes, and investors may quit securities ahead of the presidential elections,” Alexei Antonov, an analyst at Alor Broker, said.

Global markets are reacting negatively to a decision by U.S. President Donald Trump to replace State Secretary Rex Tillerson with CIA Director Mike Pompeo, Antonov said. He said that a diplomatic scandal after the poisoning of former Russian spy Sergei Skripal and his daughter will also pressurize Russian assets, Antonov said.

He said that the Russian market will see an about 0.3% downward gap at the session start.

According to Sergei Kozlovsky, head of the research department of forex broker Grand Capital, later on Wednesday, investors will pay attention to release of China’s industrial output, Germany’s inflation and euro zone labor market figures; U.S. producer price index (PPI), weekly retail sales and reserves of oil and oil products.

End

14.03.2018 09:47
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 69.2260 +0.4485 29 jan
USD 62.8299 +0.4919 29 jan
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1574.02 +0.11 12:23 29 jan
micex 3121.31 +0.26 12:23 29 jan
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 235.49 +0.21 12:07 29 jan
lkoh 6673.50 +0.35 12:07 29 jan
rosn 477.65 -0.01 12:07 29 jan
sber 259.39 +0.66 12:07 29 jan
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 68.6325 -0.4475 12:09 29 jan
USDTD 62.4075 -0.1950 12:09 29 jan