Russian stocks seen falling slightly as coronavirus worries continue - 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 seen falling slightly as coronavirus worries continue

MOSCOW, Feb 10 (PRIME) -- The Russian stock market will likely continue a downward correction of the previous week on Monday as worries about the spread of coronavirus continue to pressure risky assets, analysts said.

УWe expect continuation of correction. The market will react to the dynamics on the foreign commodities markets and stocks exchanges,Ф Georgy Vashchenko, head of the department for operations on the Russian stock market at investment company Freedom Finance, said.

Investment company OlmaТs senior analyst Anton Startsev said that the worries about the spread of coronavirus in China have started to fade but volatility on foreign markets keeps demand for risky assets low.

Alor Broker analyst Alexei Antonov said that the continuation of a oil price fall will depress the Russian assets, but growth of the U.S. stocks futures will likely compensate the negative trend at the start of the Russian trading session.

Antonov said that Norilsk Nickel will likely lead the market in the morning on the back of a global nickel price rise.

Gazprom might recover because problems with construction of the Nord Stream-2 gas pipeline will probably end as the Akademik Chersky ship left the Port of Nakhodka for Singapore to upgrade the equipment and complete works on Nord Stream-2, the analyst said. He added that since the U.S. threaten to slap new sanctions on investors of the project, the prospects of GazpromТs growth are unclear yet.

End

10.02.2020 09:38
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 80.2689 -0.1445 11 jul
USD 71.2298 +0.3498 11 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1245.65 +0.91 18:50 10 jul
micex 2800.94 +0.67 18:50 10 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 200.70 +0.63 23:14 11 jul
lkoh 5094.00 +0.14 23:14 11 jul
rosn 364.20 -0.01 23:13 11 jul
sber 212.40 +1.57 23:14 11 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 80.1125 -0.1575 14:59 10 jul
USDTD 70.6675 -0.2200 17:44 10 jul