Russian stocks may rise backed by oil price growth, rising floors - 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, rising floors

MOSCOW, Aug 27 (PRIME) -- The Russian stock market may grow on Monday due to favorable sentiment on foreign stock exchanges and strengthening crude, analysts say.

Official introduction of the first package of sanctions against Russia will unlikely impact the local markets mood significantly. Quite possibly, a positive external background will pull domestic stocks higher, analyst at Freedom Finance Anastasia Sosnova said.

On Monday, fresh U.S. anti-Russian sanctions over Moscows alleged involvement in the March poisoning of the Skripal family in the U.K. came into force. A second package of sanctions that can affect lending to Russian corporate bodies could be introduced in November.

Sosnova expects the MOEX Russia Index to be seen within a 2,270-2,300 range during the day thanks to global optimism with the Brent oil price breaking though a U.S. $76 per barrel mark, and Asian and U.S. markets trading in the positive territory.

Olma senior analyst Anton Startsev said that the RTS index can also rise, but it is early to speak about confident growth as Western sanctions prevent the global capital from entering Russias market.

Investors are also likely to follow a slew of financial results releases for AprilJune and JanuaryJune from fertilizer producers Acron and Uralkali, and home appliances and electronic goods retailer M.Video.


27.08.2018 09:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.0503 +0.2030 17 oct
USD 64.3455 +0.0907 17 oct
Stock Market Indices
1D 1W 1M 1Y
rtsi 1347.43 +1.23 18:50 16 oct
micex 2744.35 +1.07 18:50 16 oct
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 225.90 -0.04 11:35 16 oct
lkoh 5605.50 +0.07 11:35 16 oct
rosn 413.05 +0.34 11:35 16 oct
sber 229.58 +0.08 11:35 16 oct
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.9000 +0.0600 14:59 16 oct
USDTD 64.2500 +0.1400 17:44 16 oct