Russian stocks can fall on sanctions fears, foreign mkt drop - 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 sanctions fears, foreign mkt drop

MOSCOW, Apr 4 (PRIME) -- The Russian stock market will likely ease at opening on Wednesday on the back of investor concerns over possible stricter sanctions and lower foreign indices, analysts said.

УContinuation of consolidation of the RTS Index remains a likely scenario for the nearest future. While dividend expectations support demand for some securities, the external background does not favor a restart of capital inflow to the market at large,Ф Anton Startsev, a senior analyst at investment company Olma, said.

Vitaly Manzhos, a senior risk manager at investment company Nord Capital, said that the MOEX Russia Index is to fall 0.2Ц0.3% to 2,260at opening. The levels of 2,250 and 2,240 are the closest support and 2,270 and 2,280 is the resistance level.

According to Manzhos, the market will also react to the risks of stricter sanctions against Moscow.

He also said that the U.S. stock market futures fell by about 0.5% and the Asian markets are mixed, which makes the external background for the Russian trading session moderately negative.

The Brent futures are traded slightly below U.S. $68 per barrel after the American Petroleum Institute (API) reported a sudden decline of U.S. crude reserves, Startsev said.

Traders see the release of crude reserve data by the U.S. Energy Department, inflation and unemployment figures for the euro zone, the U.S. business activity in the services sector and industry as market driving information, Startsev said.

End

04.04.2018 09:42
 
 
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 1162.98 +1.17 18:50 24 sep
micex 2430.01 +0.13 18:50 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 159.00 +0.23 18:49 24 sep
lkoh 4780.00 +0.90 18:48 24 sep
rosn 447.05 +1.51 18:48 24 sep
sber 198.75 +2.75 18:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.5600 -0.8850 14:59 24 sep
USDTD 65.7650 -0.7025 17:44 24 sep