Russian stocks seen flat as foreign markets, oil show no clear trend - 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 flat as foreign markets, oil show no clear trend

MOSCOW, Sep 27 (PRIME) -- The Russian stock market will likely open with marginal changes on Friday, as foreign markets and the oil price were neutral at the start of the day on the back of mixed signals, analysts said.

УContinuation of the consolidation is possible in the short term in a possible range of 1,340Ц1,400 of the RTS index. A volatility on Western trade floors remains quite high, reflecting political and economic risks,Ф OlmaТs senior analyst Anton Startsev said.

Vadim Kravchuk, analyst at investment company Solid, said that he sees the external background as a neutral one. Asian markets and oil were demonstrating a weak dynamics at the start of the day, and the U.S. indices were almost flat for several days as some investors worry over a possible impeachment of President Donald Trump but the other ones are optimistic over the beginning of another round of U.S.ЦChina negotiations on October 10, earlier than planned.

The U.S. and China continue to exchange signals of the readiness for mutual easing of the conditions. China said yesterday that local companies were ready to purchase a significant amount of agricultural goods from the U.S., the duties were repealed for a part of the goods earlier, and investors hope for a positive outcome of the negotiations as well as during the last round, Kravchuk said.

He said that the Brent oil blend is holding on the level of U.S. $62 per barrel, but there are no reasons for growth. Saudi Arabia reported a full recovery of oil output.

Finam analyst Sergei Drozdov said that the support level for the MOEX Russia Index stands at 2,740 and 2,720. The resistance notch is 2,780. The local support level for the RTS index stands at 1,330 and 1,316, and resistance at 1,351 and 1,370.


27.09.2019 09:06
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 91.1458 +0.7371 26 jan
USD 74.8569 +0.4954 26 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1412.02 -0.44 18:50 25 jan
micex 3397.48 +0.43 18:50 25 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 216.66 +0.54 18:09 25 jan
lkoh 5709.50 -0.54 18:18 25 jan
rosn 494.75 +0.10 18:18 25 jan
sber 264.48 -1.41 18:07 25 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.4750 +0.3550 14:59 25 jan
USDTD 75.5200 +0.7925 17:44 25 jan