Russian stocks seen neutral before US Fed meeting, China talks - 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 neutral before US Fed meeting, China talks

MOSCOW, Jul 29 (PRIME) -- The Russian stock market can change little at opening on Monday as investors are wary ahead of a meeting of the U.S. Federal Reserve System (Fed) and restart of the U.S.ЦChina trade negotiations, analysts said.

УIn general, we see the current index levels as balanced and we do not rule out continuation of consolidation of the MOEX Russia Index mostly at the lower margin of a 2,700Ц2,750 range before a meeting of the U.S. Fed,Ф Promsvyazbank analyst Mikhail Poddubsky said.

Olma senior analyst Anton Startsev said that the activity on developing markets is subdued ahead of the meeting, news from which will appear on Wednesday evening. Startsev said that the RTS index would likely correct downwards on Monday, following foreign markets.

Vadim Kravchuk, analyst at investment company Solid, said that the external background ahead of the start of the Russian trading session is neutral because the Chinese indices are easing ahead of a restart of trade negotiations with the U.S. on Wednesday. The U.S. stock market closed in the green zone on July 26 on the back of solid corporate reports.

Finam analyst Sergei Drozdov said that the support level for the MOEX Russia Index stands at 2,690 and 2,670. The resistance notch is 2,735 and 2,750. The local support level for the RTS Index stands at 1,350 and 1,338, and resistance at 1,370 and 1,381.


29.07.2019 09:20
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 90.7237 -1.7065 02 oct
USD 77.2774 -1.5073 02 oct
Stock Market Indices
1D 1W 1M 1Y
rtsi 1187.18 -0.72 17:04 24 sep
micex 2910.99 -0.19 17:04 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 177.00 -1.12 23:49 24 sep
lkoh 4456.00 -1.61 23:49 24 sep
rosn 370.75 -1.08 23:49 24 sep
sber 228.50 -0.60 23:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 89.7700 +0.5500 14:59 24 sep
USDTD 76.8125 +0.6125 17:44 24 sep