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Russian stocks can fall on news about tougher US sanctions

MOSCOW, Jul 25 (PRIME) -- The stock market will likely decline at the start of the trading session on Wednesday on the news that the U.S. discusses tougher sanctions against Russia, analysts said.

УThe external background at the start of trade is seen as moderately favorable but it is insufficient to diagnose a final recovery of an RTS upward trend (according to the technical analysis data, directional movement indicators reflect just weakening of a short-term downward trend),Ф Olma senior analyst Anton Startsev said.

Finam analyst Sergei Drozdov said that information that U.S. senators of the Republicans and the Democrats are developing legislation increasing sanctions pressure on Russia, including state debt, will be a negative factor for the Russian market.

Vitaly Manzhos, senior risk manager at investment company Nord Capital, said that the sanctions news will dwarf the importance of a recent oil price growth for the market.

Drozdov said that the MICEX support level is 2,255 and 2,223, and the resistance level is 2,290 and 2,300. The RTS support level is 1,115 and the resistance ones are 1,140 and 1,160.


25.07.2018 09:31
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Central Bank Official Rate
1W 1M 1Y
EUR 71.9232 -0.3208 20 apr
USD 63.9602 -0.1086 20 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1260.82 -0.12 18:50 19 apr
micex 2563.90 +0.12 18:50 19 apr
Stock Quotes in RUR
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gazp 162.57 +0.48 18:49 19 apr
lkoh 5602.00 -0.14 18:48 19 apr
rosn 432.00 -0.84 18:49 19 apr
sber 232.60 -0.08 18:49 19 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 64.0125 +0.0400 17:44 19 apr