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.

End

21.08.2018 09:46
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.5457 -0.0920 21 jun
USD 63.3877 -0.5917 21 jun
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1391.21 +2.21 18:50 20 jun
micex 2780.20 +0.76 18:50 20 jun
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 232.52 +0.03 18:49 20 jun
lkoh 5320.00 +1.43 18:49 20 jun
rosn 419.75 +2.57 18:49 20 jun
sber 244.10 +1.54 18:49 20 jun
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.4500 -0.2500 14:59 20 jun
USDTD 63.9075 -0.1200 17:44 20 jun