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

MOSCOW, Jan 17 (PRIME) -- The Russian stock market can open with a negative gap on Wednesday due to a decrease of oil prices, foreign market indices and a rise of volatility, analysts said.

“The state of the external background before the start of trade in Russia can be qualified as moderately negative. A noticeable decrease of futures for the MOEX Russia Index and RTS is a strong argument for a weak opening of the local market,” Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.

U.S. stock market futures are nearly flat, the Brent price fell 0.2%, gold futures are seeing marginal dynamics, Nikkei 225 and Hang Seng decreased. All these factors will pressurize Russian assets, he said.

The MOEX Russia index is expected to open close to 2,250. The levels of 2,240 and 2,230 will be the support ones and 2,260 and 2,270 the resistance ones, Manzhos said.

According to Anton Startsev, senior analyst at investment company Olma, an increase of the VIX volatility index to 11 will most probably cause a downward correction of RTS.

Release of operating figures of Novolipetsk Steel (NLMK), Detsky Mir and Etalon Group for October–December will be the most important Russian corporate events on Wednesday, according to Oleg Shagov, head of the investment company Solid’s research department.

Reports of Goldman Sachs and Bank of America are awaited by investors worldwide, he said.

End

17.01.2018 09:28
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.3218 +0.4196 20 nov
USD 66.0081 +0.0150 20 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1135.71 +0.07 18:50 19 nov
micex 2373.78 +0.05 18:50 19 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.30 +0.74 17:21 19 nov
lkoh 4856.00 +0.66 17:21 19 nov
rosn 424.50 +0.87 17:21 19 nov
sber 199.80 +0.27 17:21 19 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.2500 +0.3475 14:59 19 nov
USDTD 65.9250 +0.2025 17:44 19 nov