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, Feb 15 (PRIME) -- Russian stocks may increase at the opening on Thursday backed by high oil prices, but the growth could be limited by expectations of new U.S. sanctions, analysts said.

УWe expect the Russian stock market to open with an upward gap to around 2,265Ц2,270 points at the MOEX Russia Index, assuming that this stock indicator is capable of continuing growth amid a favorable foreign background,Ф Oleg Shagov, head of the investment company SolidТs research department, said. On Wednesday, the MOEX Russia Index closed at 2,257.95.

The market growth could be limited by the U.S. Treasury Secretary Steven MnuchinТs promise to introduce new sanctions against Russia soon.

The foreign background is positive prior to the opening of trading in Russia, Shagov said.

Brent oil futures are moving to U.S. $65 per barrel supported by Saudi ArabiaТs announced intention to reduce oil production and exports in March to cut excessive offer on the market.

The leading U.S. stock index futures are growing, while main Asian stock indicators are mostly demonstrating positive dynamics.

Investors will follow publication of financial results by Polyus, Yandex, Cherkizovo, and AvtoVAZ, as well as news from the Russian Investment Forum that opens in the Black Sea resort of Sochi.

End

15.02.2018 09:27
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.3613 -0.8136 20 sep
USD 67.0098 -0.7421 20 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1143.62 +0.84 10:42 20 sep
micex 2412.18 +0.32 10:42 20 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 156.65 -0.47 10:27 20 sep
lkoh 4709.50 -0.20 10:27 20 sep
rosn 439.75 +0.43 10:27 20 sep
sber 193.17 -0.38 10:27 20 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.1300 -1.0600 14:59 20 sep
USDTD 66.7525 -0.6175 17:44 20 sep