Russian stocks may rise backed by oil price growth - 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 backed by oil price growth

MOSCOW, Sep 12 (PRIME) -- Russian stocks may increase at the opening on Wednesday receiving support from growing oil prices, analysts said.

УWe expect the MOEX Russia Index to open with a significant increase of around 0.4Ц0.6%, in the range of 2,345Ц2,350 points. The nearest support levels will be 2,330 and 2,320 points. The main resistance will be at 2,360 and 2,380 points,Ф Vitaly Manzhos, a senior risk manager at investment company Algo Capital, said.

The foreign background prior to the opening of trading in Russia is mixed, he said. УAt the same time, a clear improvement of moods on the oil market creates conditions for the positive opening of the local stock market,Ф he said.

The U.S. stock index futures are falling up to 0.05%, Brent oil futures are gaining around 0.4%, gold futures fell 0.3%, JapanТs Nikkei225 lost 0.3%, and Hong KongТs Hang Seng decreased 0.1%.

The oil prices may test the level of U.S. $80 per barrel later in the day, Manzhos also said.


12.09.2018 09:29
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