Russian stocks can grow on $70 oil price, rising foreign markets - 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 grow on $70 oil price, rising foreign markets

MOSCOW, Jan 15 (PRIME) -- The Russian stock market can increase at Monday opening as oil prices are close to U.S. $70 per barrel and foreign markets are growing, analysts said.

УThe external background is comparably positive at the start of the trade but a certain cooling is possible during the day due to a holiday in the U.S.,Ф Anton Startsev, a leading analyst at investment company Olma said.

The U.S. markets will be closed for Martin Luther King Jr. Day.

Emerging markets assets are attractive for investors because of expectations of weakening of the U.S. dollar, Startsev added.

Oleg Shagov, head of investment company SolidТs research department, said that the external background for the start of the trade in Russia is moderately positive with the Brent price close to U.S. $70 per barrel, growing U.S. stock market futures and Asian markets, and the European premarket signaling a small increase later on Monday.

The MOEX Russia Index can open at 2,265Ц2,270 and continue to rise, he said.

Sberbank will release a financial report under Russian Accounting Standards (RAS) for 2017. Gazprom will publish the results of a meeting of the board of directors concerning changes in the program of a spin-off of non-core assets.


15.01.2018 09:32
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.8099 +0.2948 17 mar
USD 57.4942 +0.4754 17 mar
Stock Market Indices
1D 1W 1M 1Y
rtsi 1254.29 +0.56 18:50 16 mar
micex 2294.60 +0.97 18:50 16 mar
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 141.00 +1.99 18:49 16 mar
lkoh 3874.50 +1.96 18:49 16 mar
rosn 319.30 +1.62 18:49 16 mar
sber 256.15 +0.64 18:49 16 mar
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.9900 +0.4575 14:59 16 mar
USDTD 57.6675 +0.3225 17:44 16 mar