Russian stocks may continue to decline due to negative background - 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 may continue to decline due to negative background

MOSCOW, May 3 (PRIME) -- The Russian stock market can open lower on Wednesday in light of a moderately negative external background with falling oil prices and correction on global stock exchanges, analysts said.

УWe expect persisting pressure at the opening of the Russian stock market following yesterdayТs fall of oil prices and investorsТ worsening appetites for risk. The technical factor of the MOEX Russia Index falling below the support line of 2,600 can also trigger taking profit from growth of the past few months,Ф senior analyst at financial supermarket Banki.Ru Bogdan Zvarich said.

In the present conditions, the Russian market can make another step down to the 2,500 mark, he added.

Zvarich also said that the global sentiment looks moderately negative. Main Asian bourses are falling by 1%, while there is no trade in Japan and China, and the core U.S. indices futures are consolidating at the levels of closing after a 1% decline during the previous trading session.

PSB Bank senior analyst Yegor Zhilnikov expects further growth of the Russian ruble, which can test the important level of 79Ц79.5 rubles per U.S. dollar.


03.05.2023 09:42
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 98.7776 -0.1202 18 may
USD 90.9873 +0.0634 18 may
Stock Market Indices
1D 1W 1M 1Y
micex 3501.89 +0.45 18:51 17 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 155.06 -1.79 18:47 17 may
lkoh 7856.50 +1.83 18:47 17 may
rosn 592.60 0.00 23:50 17 may
sber 322.91 0.00 23:50 17 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 98.5225 -0.1775 14:59 17 may
USDTD 90.9700 -0.0075 17:44 17 may