Russian stocks may rise on positive external background - 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 on positive external background

MOSCOW, Aug 21 (PRIME) Ц The Russian stocks may rise on Tuesday morning supported by a positive external background, analysts said.

УThe external background is still positive as investors are waiting for the first steps in settlement of the U.S.ЦChina trade dispute. The delegations of the two countries are to meet on August 22Ц23. Prices for metals are rising in expectation of a positive outcome of the negotiations. The Brent oil price is trading in a high range of U.S. $72Ц73 per barrel,Ф Anastasia Sosnova, an analyst at investment company Freedom Finance, said.

Investors are no more concerned with the possible spreading of the Turkish crisis to other markets as the Turkish government had coped with a speculative contraction of the Turkish lira. A large-scale flight from risky assets into the U.S. dollar has also stopped, Sosnova said.

УAn increase of the stock market is possible at the beginning of the day. U.S. President Donald Trump blamed the E.U. and China for manipulation of the currency rates and the Federal Reserve System for a too tough monetary policy, and it resulted in weakening of the U.S. dollar against other currenciesЕand the weakening supports recovery of demand on emerging markets,Ф Anton Startsev, a senior analyst at investment company Olma, said.

Veles Capital said in a research note that the Russian market will focus on financial results of mobile operator MTS and children goods retailer Detsky Mir, a decision of retailer MagnitТs directors on a share buyback program and RosneftТs directors dividend decisions. The U.K. is to release August industrial orders, while the American Petroleum Institute is to disclose weekly date on U.S. crude reserves, the investment company said.


21.08.2018 09:46
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep