Russian stocks may open flat on Italy woes, US trade row - 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 open flat on Italy woes, US trade row

MOSCOW, May 31 (PRIME) -- Russian stocks are likely to open flat on Thursday as a mixed background provides no strong drivers for local players, and conflicts in Italy and between the U.S. and† the importers continue, analysts said.

УWe expect a neutral opening of the MOEX Russia Index with an insignificant change from the previous closing level of around 2,300. The levels of 2,290 and 2,280 will act as support, while the levels of 2,310 and 2,320 will act as resistance,Ф Vitaly Manzhos, a senior risk manager at investment company Nord Capital said.

The background for the Russian market is mixed as U.S. stock index futures were flat in the morning, while the Brent oil price fell 0.3%, JapanТs Nikkei225 index gained 0.9%, and Hong KongТs Hang Seng grew 0.8%, Manzhos said.

Anton Startsev, a senior analyst at investment company Olma, said that the market players may focus on dividend ideas today, which may result in an upward rebound of the RTS index at the opening.

УStill, the political situation in Italy is far from becoming clear, and a factor of trade wars may re-emerge once again if the U.S. announces introduction of tariffs on imports of steel and aluminum from Canada, Mexico, and the E.U. today, (as forecasted in an article by the Washington Post),Ф Startsev said.

Manzhos also said that players of the local market will track the release of weekly statistics on oil and oil product reserves in the U.S. at 6:00 p.m., Moscow time.


31.05.2018 09:45
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.4759 +0.0548 12 nov
USD 63.9121 +0.1826 12 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1460.84 -0.50 18:50 11 nov
micex 2961.46 -0.39 18:50 11 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 260.40 -2.11 18:49 11 nov
lkoh 6048.00 +0.13 18:48 11 nov
rosn 453.00 -0.28 18:49 11 nov
sber 241.50 +0.55 18:49 11 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.5000 +0.1500 14:59 11 nov
USDTD 63.7975 +0.1500 17:44 08 nov