Russian stocks may rise as foreign background improves - 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 rise as foreign background improves

MOSCOW, Jun 6 (PRIME) -- The Russian stock market may edge up at opening and rise during the day on Wednesday thanks to an improving global environment, analysts said.

УWe expect the MOEX Russia Index to open moderately higher at around 2,325, up 0.3%... The benchmark is likely to continue growing slowly into the 2,330Ц2,340 range due to an improving foreign background,Ф Vitaly Manzhos, senior risk manager at investment company Nord Capital, said.

The local market will be mainly influenced by dynamics of the Brent oil price which may alter after the U.S. Department of Energy releases an oil inventories report.

The RTS index can rise following crude prices although there are no reasons for a significant advance, Olma senior analyst Anton Startsev said.

Market participants are waiting for an annual G7 leaders summit later this week where acute problems including international trade issues will be discussed, he added.

Local investors will also track decisions of general meeting of shareholders of power producer Territorial Generating Company-1 (TGC-1), grocery retailer Dixy Group and metals and mining group Mechel.


06.06.2018 09:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 77.3245 +0.7002 05 jun
USD 69.0151 +0.6738 05 jun
Stock Market Indices
1D 1W 1M 1Y
rtsi 1257.31 -3.42 18:50 04 jun
micex 2766.26 -2.29 18:50 04 jun
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 201.46 -3.14 18:49 04 jun
lkoh 5430.00 -2.15 18:49 04 jun
rosn 390.05 -1.74 18:49 04 jun
sber 213.10 -3.79 18:49 04 jun
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 77.8050 +0.7300 14:59 04 jun
USDTD 69.1400 +0.4025 17:44 04 jun