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Russian stocks seen flat on cbanks, USChina talks uncertainty

MOSCOW, Sep 23 (PRIME) -- The Russian stock market will likely open with marginal changes on Monday due to an uncertainty of investors concerning the future policies of the worlds central banks and the U.S.China negotiations, analysts said.

The stock markets are lacking drivers to continue the growth trend. Meetings of many key world central banks over the last week and a half brought no surprise: the regulators pursue provision of stimuli but markets were rising on the back of expectations of these actions over several last weeks, Promsvyazbank senior analyst Mikhail Poddubsky said.

Concerning the further actions by the rulers, uncertainty remains there and for instance, speeches by representatives of the U.S. Federal Reserve System (Fed) have only emphasized a lack of an apparent consensus inside the committee, Poddubsky said.

According to Poddubsky, the U.S.China relations have seen no decisive improvement lately. A team of negotiators from China left the U.S. early at the end of the last week and both the U.S. and China later announced cancellation of a scheduled meeting. Investors still do not know the date of a high-level meeting in October, he said.

Olma senior analyst Anton Startsev said that a certain increase of volatility on the U.S. stock market and a later correction on Asian markets, with the Japanese one closed for Autumnal Equinox Day, can reduce the investor activity at the start of the Russian trading session but do not give reasons for a dramatic reduction of investments in Russian assets.

End

23.09.2019 09:20
 
 
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