Russian stocks likely to open higher due to strong oil prices - 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 likely to open higher due to strong oil prices

MOSCOW, Jun 7 (PRIME) -- The Russian stock market may edge up at opening on Thursday due to strong crude prices and moderately positive foreign environment, analysts said.

УWe expect the MOEX Russia Index to advance considerably by around 0.5% to 2,325Ц2,330 at openingЕ The index may continue growing to 2,340Ц2,350 later due to evident improvement of the external background. A live conference of President Vladimir Putin slated for today will become a significant internal political event,Ф Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.

Olma senior analyst Anton Startsev said that the RTS index may also open higher thanks to a moderately positive global environment, but the market activity is likely to cool down prior to the G7 summit planned for FridayЦSaturday which is to witness difficult negotiations on mutual trade barriers.

Finam analyst Sergei Drozdov said that the Brent oil price is seen over U.S. $75.8 per barrel ahead of an upcoming meeting to monitor implementation of the OPEC+ oil output cut deal which may result in revision of the agreement.

Russian traders will also follow releases of financial reports of top bank Sberbank for JanuaryЦMay under Russian Accounting Standards (RAS) and hydropower giant RusHydro for JanuaryЦMarch under International Financial Reporting Standards (IFRS).


07.06.2018 09:31
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov