Russian stocks can fall on indifference to risky assets - 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 indifference to risky assets

MOSCOW, Sep 3 (PRIME) -- The Russian stock market will likely fall at opening on Monday as investors will prefer to avoid any emerging market assets, analysts said.

УLast weekend, it came to light that international rating agency Fitch changed the outlook for the ItalyТs rating to Negative from Stable, which was a reason for weakening of the euro and rise of the demand for the U.S. dollar as aЕ safe haven,Ф Anton Startsev, a senior analyst at investment company Olma, said.

УStrengthening of the dollar can hurt demand for emerging markets shares, including the Russian market.Ф

Vitaly Manzhos, a senior risk manager at investment company Algo Capital, said that the Brent futures eased by about 0.15%, the gold futures were neutral, the Asian markets declined, while the U.S. bourses will be closed for a holiday.

As a result, the MOEX Russia Index can fall by 0.1Ц0.3% to 2,335 at the session start. The levels of 2,320 and 2,310 will act as support and 2,350 and 2,360 as resistance. Startsev said that the RTS index might correct downwards.

Manzhos said that the Russian market can see mixed dynamics with possibly noticeable changes in some securities.

End

03.09.2018 09:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.6844 -0.3909 25 sep
USD 66.1594 -0.0903 25 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1160.03 +0.91 14:37 24 sep
micex 2427.74 +0.04 14:37 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.16 -0.30 14:21 24 sep
lkoh 4753.50 +0.34 14:21 24 sep
rosn 445.55 +1.17 14:21 24 sep
sber 197.20 +1.94 14:21 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.5500 -0.8950 14:19 24 sep
USDTD 65.9050 -0.5625 14:19 24 sep