Russian stocks likely to open neutrally on oil price correction - 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 neutrally on oil price correction

MOSCOW, May 14 (PRIME) -- The Russian stock market will likely open with little change as oil prices have started to correct downwards, analysts said.

УA pause in the increase in the Russian blue chip sector is possible today at the start of trade on the back of cooling speculative activity on the oil market,Ф Olma senior analyst Anton Startsev said.

According to Sergei Drozdov, an analyst at investment company Finam, oil prices were supported by speculations about the U.S.ЦIran nuclear deal cancellation. Drilling rig figures by Baker Hughes were used by market participants as a formal trigger to correct downwards to U.S. $77.13 per barrel.

Vitaly Manzhos, a senior risk manager at investment company Nord Capital, said that the MOEX Russia Index is expected to open unchanged close to 2,345. The nearest support levels are 2,330 and 2,320 and resistance is at 2,350 and 2,360.

According to Startsev, the RTS will stop rising after reaching 1,200.

RosneftТs financial report for JanuaryЦMarch under International Financial Reporting Standards (IFRS) will be the most important corporate event of Monday, he said.


14.05.2018 09:28
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.7941 +0.1873 20 jul
USD 62.8666 +0.0380 20 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1350.69 +0.07 18:50 19 jul
micex 2700.57 -0.07 18:50 19 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 216.00 -1.05 18:49 19 jul
lkoh 5200.50 +0.67 18:49 19 jul
rosn 420.45 +0.83 18:47 19 jul
sber 232.85 -0.82 18:48 19 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.6200 +0.1800 14:59 19 jul
USDTD 63.0300 +0.1575 17:44 19 jul