Russian stocks may open upwards continuing positive trend - 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 upwards continuing positive trend

MOSCOW, Jul 10 (PRIME) -- Russian stocks may open higher on Tuesday as local bulls are inspired by a favorable external background in the morning, analysts said.

УThe external background prior to the start of todayТs trade allows the market to hit new records and pave the way to 2,380 (of the MOEX Russia Index). It looks like the market still fears no records as it climbs up,Ф Anna Bodrova, an analyst at Alpari, said.

Anton Startsev, a senior analyst at investment company Olma, said that the U.S. stock index futures edged up in the morning, the Asian stocks traded in the green zone and the European indices closed with an increase on Monday.

УTechnical indicators signal an upward, albeit relatively weak, trend of the RTS index, but it may hit resistance close to 1,200. The foreign markets are moderately favorable, but the DXY U.S. dollarТs index against the basket of the worldТs currencies has stopped its fall, which may become a cooling factor for demand at the emerging markets in the short term,Ф Startsev said.

Anastasia Sosnova, an analyst at investment company Freedom Finance, said that the lack of escalation of the U.S.ЦChina trade conflict made investors focus more on financial reports and macro statistics, which they expect to be good.

УThe market players are waiting for new statements from U.S. President Donald Trump who plans to come to Europe. A meeting between Russian President Vladimir Putin and Trump was scheduled for July 16 in Helsinki, which points to easing geopolitical tensions between the countries. This provides additional support to the Russian stock market,Ф Sosnova said.


10.07.2018 09:28
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 77.6844 -0.3909 25 sep
USD 66.1594 -0.0903 25 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1163.80 +0.07 12:43 25 sep
micex 2430.26 +0.01 12:43 25 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.43 -0.36 12:26 25 sep
lkoh 4840.00 +1.26 12:26 25 sep
rosn 452.80 +1.29 12:26 25 sep
sber 198.47 -0.14 12:26 25 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 77.5600 -0.8850 14:59 25 sep
USDTD 65.7650 -0.7025 17:44 25 sep